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 the 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?

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Question: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 the 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?

1.Not more than Rs. 950 lakh

2.Zero

3.unlimited

4.Rs. 250 lakh

Posted by R4R Team
  1. 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 the 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?
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