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

Identify which of these are Non-Financial transactions? (A) Transmission (B) Nomination (C) Pledge (D) Switch

Practice question from NISM Series V A - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Transmission, Nomination, Switch

  2. Transmission, Nomination, Pledge

    Correct answer

  3. C

    Transmission, Pledge, Switch

  4. D

    Nomination, Pledge, Switch

Why this is the answer

Pledge of units, Nomination, and Transmission are non-financial transactions in a mutual fund. A Switch is a redemption from one scheme and a purchase into another, combined into one transaction and is a financial transaction.

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