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

If a person has to trade in units of a closed-ended mutual fund on the stock exchange platform then the units have to be held in _______ .

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

Options

  1. Dematerialized form

    Correct answer

  2. B

    Physical form

  3. C

    Either Dematerialized or Physical form

Why this is the answer

To trade in closed-ended mutual funds on the stock exchange, the units must be in dematerialized form, allowing easy buying and selling.

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