n NISM Certifications
NSM General NISM
Medium

Sriniwas advised clients to take short USDINR position and guaranteed no loss. Supervisor took action. What should he have done?

Practice question from NISM Series I - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Stated risks clearly

  2. B

    Advised short position only for 3 months

  3. Not guaranteed against losses

    Correct answer

  4. D

    Advised long position

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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