n NISM Certifications
X NISM Series X
Medium

The relationship between an Investment Adviser and a client is best likened to a doctor and patient, where trust and guidance are central to providing suitable financial advice.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Like a Boss and Subordinate

  2. Like a Doctor and Patient

    Correct answer

  3. C

    Like a Medical shop and its Customer

  4. D

    Like a Departmental shop and its Customer

Why this is the answer

The advisory relationship is based on trust, confidentiality, and guidance, similar to a doctor-patient relationship in healthcare.

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