n NISM Certifications
X NISM Series X
Medium

As per Indian law, which insurance is mandatory?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Home Burglary Insurance

  2. B

    Mediclaim Insurance

  3. C

    Liability Insurance

  4. Third-party motor insurance

    Correct answer

Why this is the answer

Third-party liability insurance is legally mandated for all motor vehicles in India to cover damages to third parties.

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