n NISM Certifications
X NISM Series X
Medium

Which element is NOT typically part of an investment policy statement?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Investment objectives

  2. B

    Risk appetite

  3. Future market predictions

    Correct answer

  4. D

    Investment constraints

Why this is the answer

IPS focuses on strategy and constraints, not market timing or predictions.

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