n NISM Certifications
VII NISM Series VII
Medium

A SEBI registered stock broker can offer Portfolio Management Services (PMS) to clients without obtaining any additional license.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

To offer PMS, a stock broker must obtain a separate PMS license from SEBI. Simply being a registered broker is not sufficient.

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