n NISM Certifications
X NISM Series X
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What is the first step for an investor seeking to resolve a grievance?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Contact SEBI using SCORES

  2. B

    Contact the investment adviser

  3. C

    Contact the regulator

  4. Contact the product / service provider

    Correct answer

Why this is the answer

The initial step is to approach the service provider directly; if unresolved, then escalate to the regulator.

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