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

By mistake, the ARN number is wrongly mentioned in the application form. How will such an application be processed?

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The application will be rejected

  2. B

    It will be returned for rectification

  3. C

    As a Direct Plan application

  4. As a Regular Plan, provided the error is corrected within a time frame

    Correct answer

Why this is the answer

If the ARN (Agent Registration Number) is wrongly mentioned, the application is processed as a Regular Plan. However, if the error is corrected within 30 days, the application can be reprocessed as per the correct plan.

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