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

How will the AMC / R&T agent process an application for subscribing to mutual fund units if the ARN is wrongly mentioned in it?

Practice question from Nism VA Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It will be processed as a direct plan application

  2. B

    It will be rejected as an incomplete application

  3. C

    It will be considered as an incomplete application and sent back for completion

  4. It will be treated as a regular plan subject to the error being corrected in the required time frame

    Correct answer

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

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