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X NISM Series X
Medium
#NISM XIX A for AIF Distributors
‘Affirmative right’ does not refer to the right to exit the company but rather to rights that require investor approval for certain corporate actions, implying positive control over decision-making.
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.