Options
-
Open-end schemes
Correct answer
- B
Close-end schemes
- C
ETF-Gold
- D
ETF-Equity
Why this is the answer
Open-end funds need to maintain a portion of their corpus in liquid assets to meet redemption requests from investors. ETFs and closed-end funds do not have this requirement as they are traded on exchanges and do not need to handle direct redemption requests.
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.