n NISM Certifications
VII NISM Series VII
Medium

The parties to arbitration must deposit an amount as prescribed by ________ at the time of making an arbitration reference.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Stock Exchanges

    Correct answer

  2. B

    RBI

  3. C

    Brokers

  4. D

    Bankers

Why this is the answer

Arbitration between brokers and clients is governed by stock exchange regulations. The Stock Exchange specifies the deposit amount required at the time of filing an arbitration reference.

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NISM Series VII Mock Test 3