n NISM Certifications
X NISM Series X
Medium

The residential status of JMM Steel Ltd., incorporated in India but managed from abroad, is:

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Resident

    Correct answer

  2. B

    Non-resident

  3. C

    Ordinarily resident

  4. D

    Not ordinarily resident

Why this is the answer

All Indian companies are deemed resident in India irrespective of the location of management or control.

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.