n NISM Certifications
X NISM Series X
Medium

______ is likely to be a Category II Alternate Investment Fund.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Hedge fund

  2. Private debt fund

    Correct answer

  3. C

    Angel fund

  4. D

    SME fund

Why this is the answer

Category II includes funds that do not use leverage or offer specific government incentives, like debt funds or private equity funds.

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