n NISM Certifications
VII NISM Series VII
Medium

Trades done during the day can be cancelled by mutual consent of both parties subject to approval of the Exchange – True or False?

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Trades may be cancelled/modified by mutual consent, but only with Exchange approval, typically for input errors or technical glitches.

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