n NISM Certifications
XV NISM Series XV
Medium

Unfair trade practices exclude:

Practice question from NISM XV Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Active concealment

  2. Publicly known information

    Correct answer

  3. C

    Wilful mis-statement

  4. D

    Misleading info

Why this is the answer

Unfair trade practices involve misrepresentation, concealment, or misleading statements. Information already publicly available is not considered unfair.

Test yourself for real

Take a full NISM Series XV mock test.

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