n NISM Certifications
NSM General NISM
Medium

Which of the following is true about a Clearing Bank Account?

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

Options

  1. A

    Clearing corp can debit without prior permission

  2. B

    It must be used exclusively for clearing

  3. C

    Closure needs prior approval

  4. All of the above

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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NISM Series I - Mock Test 4