n NISM Certifications
VII NISM Series VII
Medium

Unless otherwise agreed, settlement of funds/securities shall be done within ______ of the pay-out.

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

Options

  1. 24 hours

    Correct answer

  2. B

    12 hours

  3. C

    6 hours

  4. D

    3 hours

Why this is the answer

Standard settlement of funds/securities occurs within 24 hours (1 working day) unless the client authorizes otherwise.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.