n NISM Certifications
X NISM Series X
Medium

A complaint lodged on SCORES must be responded to by the concerned entity within ______.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    10 days

  2. B

    15 days

  3. 21 days

    Correct answer

  4. D

    30 days

Why this is the answer

Under the SEBI SCORES framework, entities are required to respond and submit an Action Taken Report within 21 calendar days of receipt of the complaint.

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