n NISM Certifications
VII NISM Series VII
Medium

Who can act as both Trading and Clearing Member?

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A Custodian

  2. B

    A Professional Clearing Member

  3. A Trading cum Clearing Member

    Correct answer

  4. D

    A Merchant Banker

Why this is the answer

Trading-cum-clearing members have rights to trade and clear their own and others’ trades, unlike custodians or merchant bankers.

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