n NISM Certifications
VII NISM Series VII
Medium

A portfolio manager must mandatorily appoint a ______ in respect of securities managed or administered.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Stock Broker

  2. B

    Depository Participant

  3. Custodian

    Correct answer

  4. D

    Expert Research Analyst

Why this is the answer

SEBI regulations require every portfolio manager to appoint a custodian to safeguard and manage client securities.

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