n NISM Certifications
V-A NISM Series V-A
Medium

Which of these documents is not required to be submitted for investing in mutual funds by a charitable organization?

Practice question from Nism VA Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    List of authorized signatories

  2. B

    Trust deed

  3. C

    Board resolution

  4. Memorandum and Articles of Association

    Correct answer

Why this is the answer

A charitable organization, such as a trust does not have a Memorandum and Articles of Association. Instead, it will provide a Trust Deed along with other necessary documents like the list of authorized signatories and board resolutions.

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