n NISM Certifications
X NISM Series X
Medium

Which entity manages operational and regulatory aspects during a public share issue?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Registrar and transfer agents

  2. B

    Underwriters

  3. Lead managers

    Correct answer

  4. D

    Bankers to issue

Why this is the answer

Lead managers coordinate regulatory compliance and operational logistics for the issuance process.

Test yourself for real

Take a full NISM Series X mock test.

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