MCQs>Finance & Management>Capital Market>A trading member on the NSE, has a branch order value of Rs. 950 lakh for his Mumbai branch and Rs. 600 lakh for Delhi branch. Mumbai branch has two users X and Y with user order value limits of Rs. 300 lakh and Rs. 400 lakh respectively. Delhi branch has one user Z with user order value limit of Rs. 550 lakh. The member applies for a new user at Mumbai. What is the maximum user order value that can be set for the new user?
Capital Market MCQs
A trading member on the NSE, has a branch order value of Rs. 950 lakh for his Mumbai branch and Rs. 600 lakh for Delhi branch. Mumbai branch has two users X and Y with user order value limits of Rs. 300 lakh and Rs. 400 lakh respectively. Delhi branch has one user Z with user order value limit of Rs. 550 lakh. The member applies for a new user at Mumbai. What is the maximum user order value that can be set for the new user?
Answer
Correct Answer: Rs. 250 lakh
Explanation:
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