n NISM Certifications
XV NISM Series XV
Medium

When a research analyst gives an ______ rating, it is equivalent to a BUY recommendation.

Practice question from NISM XV Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Accumulate

    Correct answer

  2. B

    Outperform

  3. C

    Hold

  4. D

    All of the above

Why this is the answer

“Accumulate” or “Add” suggests a stock is expected to outperform over time (approx. 10% returns per year) and calls for patience. “Outperform” indicates better returns than peers, while “Hold” implies no immediate action.

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.

NISM XV Mock Test 3