n NISM Certifications
V-A NISM Series V-A
Medium

As the Unit Certificates are non-transferable, they do not offer any real transactional convenience for the Unit-holder - State True or False?

Practice question from Nism VA Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Unit certificates are non-transferable, hence they don’t provide much transactional convenience. The statement in the question is true.

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