n NISM Certifications
X NISM Series X
Medium

The period of holding bonus shares is calculated from the date of allotment of the bonus shares, which determines whether they are classified as long-term or short-term capital assets.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Date of allotment of the bonus shares

    Correct answer

  2. B

    Date of allotment of the original shares

  3. C

    Date of application for allotment of bonus shares

  4. D

    Date of announcement of bonus shares

Why this is the answer

The holding period for bonus shares starts from the date of their allotment, which is used to determine their classification for capital gains.

Test yourself for real

Take a full NISM Series X mock test.

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