n NISM Certifications
VII NISM Series VII
Medium

The stock broker must register all joint holders for the depository account if ______ request is to be entered with depository settlement.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Redemption

  2. B

    Subscription

  3. Both 1 and 2

    Correct answer

  4. D

    None of the above

Why this is the answer

Registration of joint holders is required for subscription and redemption requests to enable proper depository settlement.

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