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

When is a Consolidated Account Statement (CAS) dispatched to the investor?

Practice question from Nism VA Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Once a year

  2. B

    Bi-monthly for dormant investors

  3. Every month, before the 10th working day of the following month

    Correct answer

  4. D

    Whenever there is a transaction in the folio

Why this is the answer

A Consolidated Account Statement (CAS) is sent monthly, before the 10th working day of the following month, provided there has been a financial transaction in the previous month.

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