n NISM Certifications
XXI NISM Series XXI-A
Medium

The factor ‘Quality’ for enhanced indexing can be measured by Return on Assets. State whether True or False?

Practice question from NISM XXI A for PMS - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

Return on Assets (ROA) is a key indicator of operational efficiency, used to measure the 'Quality' factor in smart beta strategies.

Test yourself for real

Take a full NISM Series XXI-A mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.