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

______ is / are Non-Financial transaction(s) in a mutual fund. (A) Switch (B) Address Update (C) Nomination (D) Transmission

Practice question from Nism VA Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only A

  2. B

    Only B

  3. C

    A, B, and C

  4. B, C, and D

    Correct answer

Why this is the answer

Non-financial transactions in mutual funds include Address updation, nomination, and transmission (transfer of ownership due to death, for example). A switch, on the other hand, is a financial transaction involving redemption and reinvestment.

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