n NISM Certifications
VII NISM Series VII
Medium

Which Regulation/Act aims to prevent undesirable transactions in securities?

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

Options

  1. A

    Companies Act

  2. Securities Contract Regulation Act (SCRA)

    Correct answer

  3. C

    Securities Contract Regulation Rules (SCRR)

  4. D

    RBI Act

Why this is the answer

SCRA regulates securities trading and stock exchanges to prevent undesirable transactions.

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