n NISM Certifications
VII NISM Series VII
Medium

Who transfers the securities to the buying broker’s account in a stock exchange transaction?

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

Options

  1. Clearing Agency

    Correct answer

  2. B

    Clearing Bank

  3. C

    Seller

  4. D

    Broker

Why this is the answer

The Clearing Agency facilitates securities transfer from the seller’s broker pool account to the buyer’s broker pool account based on pay-in/pay-out instructions.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.