n NISM Certifications
NSM General NISM
Medium

How is a product commonly defined?

Practice question from IC 38 Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A service offered in the market

  2. A commodity or good bought and sold in the market

    Correct answer

  3. C

    An intangible item that can be owned

  4. D

    A business process used to create value

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

Test yourself for real

Take a full General NISM mock test.

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