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

Opening of a time stamping machine needs to be documented and reported to the Asset Management Company (AMC) - State whether True or False?

Practice question from Nism VA Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

Such incidents must be reported to the Trustees, not the AMC, to ensure independence and transparency in the process.

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