n NISM Certifications
X NISM Series X
Medium

Mutual funds must comply with regulations of which authority regarding investments in the money market?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Securities and Exchange Board of India (SEBI)

  2. Reserve Bank of India (RBI)

    Correct answer

  3. C

    Ministry of Finance

  4. D

    Ministry of Corporate Affairs

Why this is the answer

The RBI regulates money market instruments, and mutual funds investing in such instruments must adhere to RBI guidelines.

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