n NISM Certifications
VII NISM Series VII
Medium

What is/are the eligibility criteria for a trading member applicant to be termed as fit and proper?

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

Options

  1. A

    Absence of categorization as a willful defaulter

  2. B

    Integrity, reputation, and character

  3. C

    Financial solvency

  4. All of the above

    Correct answer

Why this is the answer

SEBI evaluates a trading member’s fitness and propriety based on integrity, reputation, character, competence, financial solvency, and absence of categorization as a willful defaulter.

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NISM Series VII Mock Test 4