n NISM Certifications
NSM General NISM
Medium

The ________ order requires a trigger price to be specified.

Practice question from NISM Series IV - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Immediate or Cancel

  2. Stop Loss

    Correct answer

  3. C

    Special Limit

  4. D

    Market

Why this is the answer

Stop Loss orders activate when trigger price is hit.

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.