n NISM Certifications
X NISM Series X
Medium

Unlisted debt securities issued by project SPVs are classified as part of the alternative investment asset class, whereas ETFs and listed securities are conventional asset classes.

Practice question from NISM Series XIX A- Alternative Investments Funds (AIF) Distributors Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    ETFs

  2. B

    Money market instruments

  3. Unlisted debt securities issued by project SPVs

    Correct answer

  4. D

    Listed debt securities

Why this is the answer

Direct investments in unrated or rated unlisted debt securities of project SPVs constitute alternative assets.

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