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Options
- A
Use the pooled client funds deposited in a scheduled bank
- B
Reduce client gains or payments by charging PMS fees
- C
Borrow from a bank by pledging clients’ securities
-
Borrow from a bank for short-term needs from the firm’s own resources
Correct answer
Why this is the answer
SEBI regulations prohibit PMS firms from borrowing on behalf of clients or pledging client securities; thus, borrowing from a bank using the firm’s own resources is the appropriate solution.
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