n NISM Certifications
X NISM Series X
Medium

What is the maximum maturity period for Money Market securities at the time of issuance?

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

    Cannot exceed one year

  2. Cannot exceed one year at the time of issue

    Correct answer

  3. C

    Cannot exceed one year except for G Secs

  4. D

    Cannot exceed one year at the time of trade

Why this is the answer

Money market instruments are short-term securities with maturities up to one year from issuance.

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