n NISM Certifications
VII NISM Series VII
Medium

The movement of funds takes place ______ the depository system.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Inside

  2. Outside

    Correct answer

  3. C

    Within

  4. D

    None of the above

Why this is the answer

Depositories handle securities, not funds. Fund movement occurs outside the depository system.

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NISM Series VII Mock Test 4