n NISM Certifications
XXI NISM Series XXI-A
Medium

Which of the following best describes 'Discretionary Portfolio Management'?

Practice question from NISM XXI A for PMS - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The client makes all trading decisions

  2. The portfolio manager makes investment decisions on behalf of the client

    Correct answer

  3. C

    The investments are made based only on client instructions

  4. D

    The client only reviews the portfolio quarterly

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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