n NISM Certifications
V-A NISM Series V-A
Medium

What is the time duration in which SEBI has to approve the scheme-related documents?

Practice question from Nism VA Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    7 working days

  2. B

    3 working days

  3. C

    14 working days

  4. SEBI does not approve the documents. It gives its observations

    Correct answer

Why this is the answer

SEBI reviews the scheme documents and provides its observations, which the mutual fund must incorporate. SEBI does not approve or disapprove the documents outright.

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