n NISM Certifications
X NISM Series X
Medium

Which feature is essential for an effective grievance redressal system?

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. Clear escalation path

    Correct answer

  2. B

    Prioritization of major grievances

  3. C

    Discouraging frivolous complaints through penalties

  4. D

    Complaint registration without time limit

Why this is the answer

A transparent structure with escalation ensures complaints are properly addressed and resolved efficiently.

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