n NISM Certifications
XXI NISM Series XXI-A
Medium

Which of the following is NOT a characteristic of an efficient market?

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

    Prices fully reflect all available information

  2. Securities are always overvalued or undervalued

    Correct answer

  3. C

    Prices adjust quickly to new information

  4. D

    It is impossible to consistently achieve abnormal returns

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

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