n NISM Certifications
XVII NISM Series XVII
Medium

To ensure pension funds work in the interest of subscribers, at least 50% of the directors of the pension fund must be independent.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The sponsors of the pension fund should have a net worth of Rs 250 crores

  2. B

    The pension fund should have a minimum positive net worth of Rs 25 crores

  3. C

    The pension fund should be registered by PFRDA

  4. Minimum 50 percent of the directors of the pension fund will be independent directors

    Correct answer

Why this is the answer

This governance requirement promotes transparency and protect subscribers.

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NISM Series XVII- Retirement Adviser Moc…