n NISM Certifications
XXI NISM Series XXI-A
Medium

In a PMS, which charge is a part of both - Out-of-pocket operating charges and Registrar-Share transfer charges?

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

Options

  1. A

    Brokerage charges

  2. B

    Notary charges

  3. Depository charges

    Correct answer

  4. D

    Account opening charges

Why this is the answer

Depository charges relate to safekeeping and transfer of securities and are included in operational costs and share transfer charges.

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