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

The mechanism used to ensure that the cutoff timing is strictly followed is called _________.

Practice question from Nism VA Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Stamp time

  2. B

    Time verification

  3. Time stamping

    Correct answer

  4. D

    Auditing

Why this is the answer

Time stamping is the process of recording the exact date and time when a mutual fund transaction is receive. It helps ensure that the correct NAV (Net Asset Value) is applied based on the timing of the transaction.

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