n NISM Certifications
X NISM Series X
Medium

When gathering personal information from a client, what is the correct approach for an investment adviser?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Record and verify the information before use

  2. B

    Follow SEBI regulations for data collection

  3. C

    Agree on the relevant scope of information before proceeding

  4. All of the above

    Correct answer

Why this is the answer

All these steps ensure transparency, compliance, and clarity in the client-adviser relationship.

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