n NISM Certifications
VII NISM Series VII
Medium

The standard document(s) which form a part of the account opening kit is/are _____.

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

Options

  1. A

    Rights & Obligations of stock broker and client

  2. B

    Guidance Note

  3. C

    Document describing the Policies and Procedures of the stock broker

  4. All of the above

    Correct answer

Why this is the answer

The account opening kit includes:Client Account Opening Form, Rights & Obligations of stock broker and client, Uniform Risk Disclosure Document (RDD), Guidance Note on Do’s and Don’ts for trading, Document on Policies and Procedures of the stock broker, Tariff sheet specifying charges and brokerage.

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