n NISM Certifications
X NISM Series X
Medium

An individual investment adviser cannot offer a client both advisory and _____ services.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Fund advisory

  2. B

    Retirement planning

  3. C

    Dummy

  4. Distribution

    Correct answer

Why this is the answer

SEBI restricts advisers from offering both advisory and distribution services to prevent conflicts of interest.

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