n NISM Certifications
XV NISM Series XV
Medium

The interest on Commodity Linked Debentures is linked to returns from which underlying asset?

Practice question from NISM XV Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Equity asset

  2. B

    Farm produce

  3. Commodity asset

    Correct answer

  4. D

    Debt securities

Why this is the answer

CLDs are structured debt instruments whose returns are linked to commodity prices, often precious metals or other traded commodities.

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