n NISM Certifications
X NISM Series X
Medium

Which act defines fraudulent acts such as misrepresentation, concealment, and active concealment in securities?

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

Options

  1. A

    SEBI Act

  2. Prevention of Fraudulent and Unfair Trade Practices Regulations

    Correct answer

  3. C

    Companies Act

  4. D

    Securities Contracts Act

Why this is the answer

These SEBI regulations specify acts like misrepresentation, concealment, and active concealment as fraudulent conduct in securities dealings.

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