The correct answer is B. No.
NSE’s Certification in Financial Markets (NCFM) is not a necessary qualification for becoming a trading member. However, it is a recommended qualification for those who want to become trading members. NCFM provides a comprehensive understanding of the financial markets and the skills necessary to trade effectively. It is also a recognized qualification by many stock exchanges, which can make it easier to get a job as a trading member.
Here are some of the benefits of taking NCFM:
- It provides a comprehensive understanding of the financial markets.
- It helps you develop the skills necessary to trade effectively.
- It is a recognized qualification by many stock exchanges.
- It can make it easier to get a job as a trading member.
However, it is important to note that NCFM is not a necessary qualification for becoming a trading member. There are many other ways to gain the knowledge and skills necessary to trade effectively. For example, you could take courses from a reputable university or attend a trading school. You could also gain experience by working as a trader’s assistant or by trading on a demo account.
Ultimately, the decision of whether or not to take NCFM is up to you. If you are serious about becoming a trading member, then it is a good option to consider. However, it is not the only way to gain the knowledge and skills necessary to trade effectively.