n NISM Certifications
X NISM Series X
Medium

In capital market transactions, from where must the payment originate?

Practice question from NISM Series XB- Investment Adviser (Level 1) Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    From a joint holder’s account

  2. B

    From the first holder’s account

  3. C

    From the account matching the holding pattern

  4. From the same account as the first holder of the investment

    Correct answer

Why this is the answer

To prevent fraud and ensure authenticity, payments must come from the account of the first holder of the investment.

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