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

When does an investor in mutual funds have to provide information under the Foreign Account Tax Compliance Act (FATCA)?

Practice question from NISM Series V A - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    When the investment is made through a foreign bank account

  2. B

    When the investor's folio was an NRI account before the change

  3. When the investor's place of birth is other than India

    Correct answer

  4. D

    When the investor is a resident of USA or UK only

Why this is the answer

Investors whose country of birth, citizenship, nationality, or tax residency is not India are required to provide additional information under FATCA (Foreign Account Tax Compliance Act) as part of the application process.

Test yourself for real

Take a full NISM Series V-A mock test.

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