n NISM Certifications
VII NISM Series VII
Medium

Who issues a Contract Note?

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Stock Exchanges on which the trade has taken place

  2. The Broker / Trading Member

    Correct answer

  3. C

    SEBI

  4. D

    Depository Participant

Why this is the answer

Brokers/trading members issue contract notes to confirm trades executed on behalf of clients as per SEBI rules.

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