n NISM Certifications
X NISM Series X
Medium

How is a Registered Investment Advisor remunerated?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    By the agency that employs the adviser

  2. B

    By the product producer

  3. By the client seeking advice

    Correct answer

  4. D

    Any of the above, depending on the contract

Why this is the answer

SEBI mandates advisors only be paid by clients, not by product companies or intermediaries.

Test yourself for real

Take a full NISM Series X mock test.

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