n NISM Certifications
X NISM Series X
Medium

All the options listed—difference in buy-sell quotes, brokerage charges, and fund management charges—are cost components of an ETF, as trading costs, management fees, and bid-ask spreads impact ETF expenses.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The difference in buy-sell quotes at the Stock Exchange

  2. B

    The brokerage charges

  3. C

    Fund management recurring charges

  4. All of the above

    Correct answer

Why this is the answer

ETF costs include management fees, brokerage, and trading spreads, all of which affect the overall expense.

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