n NISM Certifications
VII NISM Series VII
Medium

The uniform documentation to be followed by all stock brokers while opening accounts for clients is prescribed by ______.

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

Options

  1. A

    Brokers Association

  2. SEBI

    Correct answer

  3. C

    Stock Exchanges

  4. D

    Stock Brokers

Why this is the answer

SEBI mandates standard documents for account opening, including client forms, rights & obligations, risk disclosure, guidance notes, policy statements, and tariff sheets.

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