n NISM Certifications
VII NISM Series VII
Medium

Fees for Portfolio Management Services may be ______.

Practice question from NISM Series VII Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A fixed amount

  2. B

    Return-based

  3. A combination of both

    Correct answer

  4. D

    None of the above

Why this is the answer

PMS fees can be fixed, return-based, or a combination, with prior client consent.

Test yourself for real

Take a full NISM Series VII mock test.

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