n NISM Certifications
XV NISM Series XV
Medium

Which of the following is not considered an Unfair Trade Practice?

Practice question from NISM XV Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Willful misstatement

  2. B

    Mis-selling of mutual fund units

  3. C

    Active concealment

  4. Publicly known information

    Correct answer

Why this is the answer

Information that is already public cannot be misused for unfair trading practices. Unfair trade practices involve misleading or concealing non-public information.

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