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

Business model, experience, and proficiency in the business is a compulsory criteria for empanelment and review of which of the following categories of mutual fund distributors?

Practice question from NISM Series V A - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Institutional distributors who have points of presence in more than 10 locations

  2. B

    Individual distributors who have points of presence in more than 10 locations

  3. Distributors who have received commission of over Rs. 1 Crore p.a. across the industry

    Correct answer

  4. D

    All of the above

Why this is the answer

SEBI requires due diligence for distributors who meet certain criteria, including those who receive more than Rs. 1 crore in commission annually across the mutual fund industry. This ensures they have the necessary experience and business model.

Test yourself for real

Take a full NISM Series V-A mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.

NISM Series V A - Mock Test 3 Free