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- A
True
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False
Correct answer
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X NISM Series X
Medium
#NISM XIX A for AIF Distributors
A Key Man clause in a fund management agreement prohibits the use of key personnel for reporting functions; instead, it ensures that key personnel are available to actively manage investments and participate in decisions. Therefore, the statement that such clauses prohibit using key men for reporting functions is false.
Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.