Options
- A
Position limit is the maximum daily volume at client level
- B
Position limit is the maximum daily volume at trading member level
- C
Position limit is the maximum daily volume at clearing member level
-
None of the above
Correct answer
Why this is the answer
Position limits refer to the maximum open interest (positions held overnight) allowed at the client, trading member, or institutional level—not daily volume.
Test yourself for real
Take a full General NISM mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.