n NISM Certifications
VII NISM Series VII
Medium

What is the Base Minimum Capital required from a member who does only Proprietary trading without Algorithmic trading (Algo)?

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

Options

  1. Rs. 10 Lacs

    Correct answer

  2. B

    Rs. 12.5 Lacs

  3. C

    Rs. 15 Lacs

  4. D

    Rs. 25 Lacs

Why this is the answer

Base capital requirements: Proprietary trading without Algo: Rs. 10 Lacs, Client-only trading without Algo: Rs. 15 Lacs, Proprietary + client trading without Algo: Rs. 25 Lacs, All brokers with Algo: Rs. 50 Lacs

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