n NISM Certifications
X NISM Series X
Medium

For an AIF in India, a determinate trust structure, where the share of each beneficiary is clearly defined, is considered suitable, providing clarity over beneficiary rights and benefits, which is essential for regulatory and operational purposes.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Determinate trust

    Correct answer

  2. B

    Partnership trust

  3. C

    Limited liability trust

  4. D

    Public charitable trust

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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