n NISM Certifications
XXI NISM Series XXI-A
Medium

A ________ is a trust that pools the savings of several investors who share a common financial goal.

Practice question from NISM XXI A for PMS - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Mutual Fund

    Correct answer

  2. B

    Depository

  3. C

    Custodian

  4. D

    Bank

Why this is the answer

Mutual funds aggregate money from investors to create diversified portfolios managed by professionals.

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