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

Identify the TRUE statement. (A) Retail investors can buy units of Gold ETF (B) Banks as well as Mutual Funds, both offer Gold deposit schemes (C) Gold ETF is a closed-ended fund and so the holdings are not for perpetuity

Practice question from Nism VA Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Only statement 1 is true

    Correct answer

  2. B

    Only statement 2 is true

  3. C

    Only statement 3 is true

  4. D

    All 1, 2, and 3 are true

Why this is the answer

Gold ETFs can be bought by retail investors. Banks offer gold deposit schemes, not mutual funds. Additionally, Gold ETFs are open-ended, not closed-ended.

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