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

Identify the TRUE statement/s with respect to Addendum. (1) An Addendum must accompany the KIM (2) Addendum is considered to be a part of the Scheme Related Documents

Practice question from Nism VA Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only 1 is true

  2. B

    Only 2 is true

  3. Both of the above are true

    Correct answer

  4. D

    None of the above are true

Why this is the answer

The addendum is considered to be a part of the scheme-related documents and must accompany the KIM. Any interim changes in the Scheme Information Document (SID), Statement of Additional Information (SAI), and Key Information Memorandum (KIM) are updated through the issuance of an Addendum.

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