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

Identify the true statement(s) with respect to stamping of applications for non-financial transactions of a mutual fund. (A) Time stamping is relevant (B) Date stamping is pertinent (C) Date and Time stamping is done (D) All A, B and C are true

Practice question from NISM Series V A - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only A and B are true

  2. Only B and C are true

    Correct answer

  3. C

    Only A and C are true

Why this is the answer

For non-financial transactions such as address change or investor’s acknowledgment, both date and time stamping are done. However, time stamping alone is not relevant in this context; the date is the key factor.

Test yourself for real

Take a full NISM Series V-A mock test.

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

NISM Series V A - Mock Test 4 Free