"If an investor wishes to buy or sell any security, he has to provide certain information to the broker for opening a trading account" The information provided is :
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Name of any other broker with whom they registered
Option (1) Family details — Incorrect. The broker does not ask for details of the investor’s family.
Option (2) Details of property — Incorrect. The investor gives bank and depository account details, not details of his property.
Option (3) Name of any other broker with whom they registered — Correct. Before a trading account is opened, the investor signs a broker-client agreement and a client registration form. He also gives certain details, and the name of any other broker he is registered with is one of them.
Option (4) Unique order number on the client registration form — Incorrect. The client registration form carries a client code number, not an order number. A unique order code is given later by the stock exchange to each transaction and is printed on the contract note.
Note: Although the chapter ‘Financial Markets’ was dropped from the NCERT textbooks during rationalisation, it has stayed in the NTA syllabus every year since 2022, except for 2025, and it is part of the syllabus again from 2026. This question is therefore based on the pre-rationalised NCERT, an extract from which is given below. NCERT (Pre-rationalised Edition):
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