n NISM Certifications
VII NISM Series VII
Medium

Who can set the quantity or amount limits for individual orders they enter themselves?

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

Options

  1. A

    Corporate Manager

  2. B

    Branch Manager

  3. Dealer

    Correct answer

  4. D

    None of the above

Why this is the answer

Dealers can set limits on individual orders they place. Corporate and branch managers can set limits on total order values for branches or users, but not on individual orders.

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