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

Identify the false statement(s): (A) Share certificate is a physical asset (B) Debenture is a physical asset as the paper on which it is printed has value

Practice question from Nism VA Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only statement A is false

  2. B

    Only statement B is false

  3. Both statements A and B are false

    Correct answer

Why this is the answer

Shares and debentures are financial assets, not physical assets. Physical assets include items like gold, real estate, and art, but shares and debentures are financial instruments representing ownership or debt, not physical possessions.

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Nism VA Mock Test 6