n NISM Certifications
VII NISM Series VII
Medium

What is the maximum brokerage that a broker can charge?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    1% of trade value

  2. B

    1.5% of trade value

  3. C

    2% of trade value

  4. 2.5% of trade value

    Correct answer

Why this is the answer

The maximum brokerage in the equity segment is 2.5% of trade value, excluding statutory levies. For shares priced ≤ Rs 10, brokerage is capped at Rs 0.25 per share.

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.

NISM Series VII Mock Test 2