n NISM Certifications
VIII NISM Series VIII
Medium

Which of these statements is true?

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

Options

  1. A

    Money and securities deposited by clients can be attached for meeting the broker's obligation on his proprietary account

  2. Money and securities deposited by clients cannot be attached for meeting the broker's obligation on his proprietary account

    Correct answer

  3. C

    Money and securities deposited by clients can be attached as per the decision of the clearing corporation

  4. D

    Money and securities deposited by clients can be attached as per the decision of the Stock Exchange

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

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