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

The expenses on ________ cannot be charged to the mutual fund scheme.

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

Options

  1. A

    Custodian fees

  2. Depreciation on fixed assets of the Asset Management Company

    Correct answer

  3. C

    Trustee Fees

  4. D

    Marketing Expenses

Why this is the answer

The depreciation on fixed assets of the Asset Management Company cannot be charged to a particular mutual fund scheme.

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.