n NISM Certifications
VII NISM Series VII
Medium

The orders that come into the order book are all ______ orders.

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Passive

  2. Active

    Correct answer

  3. C

    Market

  4. D

    Limit

Why this is the answer

All orders enter as active orders; unmatched orders remain in the book as passive orders based on price-time priority.

Test yourself for real

Take a full NISM Series VII mock test.

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

NISM Series VII Mock Test 5