n NISM Certifications
X NISM Series X
Medium

Which of these is an essential requirement for an investor’s grievance to be admissible?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    It must be classified as an actionable grievance

  2. It should be raised within the specified time limit

    Correct answer

  3. C

    It must be for a value above the minimum limit

  4. D

    It should be part of the list of grievances as per regulations

Why this is the answer

Timely filing ensures the grievance can be addressed efficiently.

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