n NISM Certifications
X NISM Series X
Medium

When does a 'Risk Profiling Questionnaire' lose its meaning?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    When the investor guesses answers

  2. B

    When the investor provides false answers

  3. C

    When the investor relies on a third party to fill it

  4. All of the above

    Correct answer

Why this is the answer

The tool becomes ineffective if answers are guessed, false, or filled by someone else, defeating its purpose.

Test yourself for real

Take a full NISM Series X mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.