n NISM Certifications
X NISM Series X
Medium

An Investment Adviser must preserve records for a minimum period of _____.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    7 years

  2. 5 years

    Correct answer

  3. C

    3 years

  4. D

    10 years

Why this is the answer

SEBI regulations require investment advisers to maintain records in physical or electronic form for a minimum period of five years.

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