Correct Answer: Order Modified
Explanation:
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The clients introduced by an authorized person to a trading member, would be required to deliver securities and make payments directly in the trade name of the trading member. True or False?
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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?
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In case the security has not been traded on a particular day, ________ at the NSE is to be considered as the closing price.?
A trading member on the NSE, has set the branch order value unlimited for his Chennai branch and Rs. 800 lakh for Kolkata branch. Chennai branch has two users X and Y with user order limits of Rs. 550 lakh and Rs. 500 lakh respectively. Kolkata branch has one user Z with user order value limit of Rs. 550 lakh. The member applies for a new user at Kolkata. What is the maximum user order value that can be set for the new user?