n NISM Certifications
XV NISM Series XV
Medium

Which of the following would constitute insider information?

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Number of employees working from home

  2. The Managing Director mentioning an acquisition proposal not yet disclosed to the public

    Correct answer

  3. C

    Information that the factory is working on additional shifts, publicly announced but not in the annual report

  4. D

    All of the above

Why this is the answer

Insider information is material, non-public data that can influence investor decisions. An undisclosed acquisition fits this definition. Publicly available information or operational details do not qualify.

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