n NISM Certifications
VII NISM Series VII
Medium

The work of a custodian is to register and safeguard the securities of its clients – True or False?

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

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Custodians safeguard client securities and track corporate actions, ensuring assets are protected and properly managed.

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