Options
- A
They present a biased view
-
Information may become outdated
Correct answer
- C
They do not cover governance
- D
They lack qualitative data
Why this is the answer
Annual reports are published once a year, so information can become obsolete over time, making them insufficient for timely investment decisions.
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.