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

KIM has to be updated ________.

Practice question from NISM Series V A - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Once in a year

  2. B

    Once in two years

  3. C

    Every month

  4. Twice in a year

    Correct answer

Why this is the answer

The Key Information Memorandum (KIM) needs to be updated twice a year, typically within one month from the end of March and September, as per SEBI's guidelines.

Test yourself for real

Take a full NISM Series V-A mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.

NISM Series V A - Mock Test 3 Free