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

The decision to Opt-out from transaction charges can be taken by distributors at each individual client level depending on his relationship with the client. 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

Distributors can opt out of charging transaction fees, but the decision must apply at the distributor level. A distributor cannot selectively waive transaction charges for specific clients. It must be consistent across all clients.

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Nism VA Mock Test 1