NISM

Welcome to Pass4Sure Page 1 of 24
Q 1.
The full form of AGNI is ________ .
AMFI Guidelines for New Investors
AMFI Guidelines for New issues and Investments
AMFI Guidelines for Nominations and Investments
AMFI Guidelines and Norms for Intermediaries
UnAttempted
CORRECT ANSWER:
AMFI Guidelines and Norms for Intermediaries
Explanation:
The full form of AGNI is - AMFI Guidelines and Norms for Intermediaries.
Q 2.
When the Capital Base of an investor rises, his or her risk appetite will tend
to ____ .
decrease
increase
remain same
change randomly
UnAttempted
CORRECT ANSWER:
increase
Explanation:
Higher the capital base, better the ability to financially take the downsides that come
with risk.
For eg - A person with a capital of Rs 1 crore can take more risks than a person with
Rs 10000.
https://pass4sure.in/mocktest_attempt.aspx?id=1530 07-May-22
Q 3. An investor gives a local cheque of Rs 3 crore for investment in Gilt

scheme at 11.30 am. What would be the applicable NAV for this
investment ?
The closing NAV of the day preceding the date of application
The closing NAV of the next working day
The closing NAV of the application day
The NAV of the business day on which the funds are available for utilisation
UnAttempted
CORRECT ANSWER:
The NAV of the business day on which the funds are available for utilisation
Explanation:
Applicable NAV For all Debt Funds (except Liquid Funds) in respect of transaction
equal to or more than Rs. 2 lakhs - Irrespective of the time of receipt of application,
NAV of the business day on which the funds are available for utilisation without
availing of any credit facility before the cut-off time of that day is applicable.
Q 4.
Which of the below documents can be inspected by the unit holder ?
Trust Deed
Custodial Services Agreement
Investment Management Agreement
All of the above
UnAttempted
CORRECT ANSWER:
All of the above
Explanation:
Unit-holders have the right to inspect key documents such as the Trust Deed,
Investment Management Agreement, Custodial Services Agreement, RTA agreement
and Memorandum & Articles of Association of the AMC.
Q 5.
'Statement of Additional Information' SAI contains information which is
_____
meant only for Close Ended Schemes

applicable for all schemes
applicable only for Open Ended Schemes
meant only for one particular scheme
UnAttempted
CORRECT ANSWER:
applicable for all schemes
Explanation:
The Offer Document have two parts:
a) Scheme Information Document (SID), which has details of the particular scheme
b) Statement of Additional Information (SAI), which has statutory information about

the mutual fund, that is offering the scheme.
A single SAI is relevant for all the schemes offered by a mutual fund.
Q 6.
After the New Fund Offer, units of the Close Ended fund can be bought and
sold through _______ .
Close Ended fund cannot be bought and sold till the closure of term
the offices / branches of the respective AMC's
the bank in which the unit holder has an account
Stock Exchanges
UnAttempted
CORRECT ANSWER:
Stock Exchanges
Explanation:
A close-ended scheme offers liquidity through a listing in a stock exchange.
Q 7.
The facility of Application Supported by Blocked Amount (ASBA) can be
used for ______ .
application for additional purchase of MF units
applications by SIP
application for New Fund Offers (NFO)
Fresh purchase by a new investor of an existing scheme
UnAttempted
CORRECT ANSWER:
application for New Fund Offers (NFO)
Explanation:
Application Supported by Blocked Amount (ASBA) - This is a facility where the
investment application in a New Fund Offer (NFO) is accompanied by an authorization
to the bank to block the amount of the application money in the investor’s bank
account.
The benefit of ASBA is that the money goes out of the investor’s bank account only
on allotment. Until then, it keeps earning interest for the investor.
Q 8.
Investors in India are usually highly organised in managing their financial
transactions and taking decisions related to Financial Planning - State True
or False ?
True
False
UnAttempted
CORRECT ANSWER:
False
Explanation:
Most investors are either not organized, or lack the ability to make the calculations
required for financial planning. A financial planner’s service is therefore invaluable in
helping people realize their needs and aspirations.
Q 9.
For those investors who find it difficult to pay for insurance cover, Money
back policy is recommended - State True or False ?
True
False
UnAttempted
CORRECT ANSWER:
False
Explanation:
Money back policy provides life coverage during the term of policy and the maturity
benefits are paid in installments. Its ideal for individuals who need regular income at
their disposal and fulfill their financial goals uninterrupted.
Q 10.
_____ indicates how much money can be generated per unit of mutual fund
in case the scheme is liquidated.
Market price
Exit load
Asset Under Management
Net Asset Value
UnAttempted
CORRECT ANSWER:
Net Asset Value
Explanation:
The true worth of a unit of the mutual fund scheme is otherwise called Net Asset
Value (NAV) of the scheme.
The NAV is also the net realizable value per unit in case the scheme is to be liquidated
–how much money could be generated if all the holdings of the scheme are sold and
converted into cash.
Q 11.
A person gets sudden wealth by winning a big lottery. Which of the below
options is NOT advisable for him ?
Investment in STP for investing in equities
Investment in liquid fund for a short period
Investment of the full amount in equities
Revisiting his financial plan
UnAttempted
CORRECT ANSWER:
Investment of the full amount in equities
Explanation:
In situations of 'Sudden Wealth', it is advisable to initially block the money by

investing in a liquid scheme.
An STP (Systematic Transfer Plan) from the liquid schemes into equity schemes will
help the long term wealth creation process.
One should not invest 100% of the amount in equities at one go.
Q 12.
Can Indian mutual funds invest in Real Estate ?
Yes
No
UnAttempted
CORRECT ANSWER:
Yes
Explanation:
Real Estate Mutual Funds scheme means a mutual fund scheme that invests directly
or indirectly in real estate assets or other permissible assets in accordance with the
SEBI (Mutual Funds) Regulations, 1996
So Mutual Funds can invest in real estate directly but currently they are mostly into
buying real estate related stocks or in Real Estate Investment Trusts - which invests
in property directly.
Q 13.
At which price a Close Ended fund can be sold ?
At a price higher than NAV
At a price lower than NAV
At a price same as NAV
At a price which can be higher or lower or same as NAV
UnAttempted
CORRECT ANSWER:
At a price which can be higher or lower or same as NAV
Explanation:
The only way to sell a Close Ended fund before the fund closing date is by selling it
on the stock exchange where it is traded
Prices on the stock exchange for a fund can be higher or lower or same depending on
the demand / supply / liquidity etc.
Q 14.
Which one is the Self Regulatory Organisation (SRO) for the mutual fund
industry ?
SEBI
Sponsors
Trustees
None of the above
UnAttempted
CORRECT ANSWER:
None of the above
Explanation:
The Mutual Funds industry in India is in the process of getting an SRO to oversee its
distributors.
(AMFI is not an SRO)
Q 15.
Can an investor transact directly through the websites of some mutual
fund companies?
Yes, they can buy / sell units on the MFs website
No, this is not allowed in India
UnAttempted
CORRECT ANSWER:
Yes, they can buy / sell units on the MFs website
Explanation:
The internet gave an opportunity to mutual funds to establish direct contact with
investors.
Investors can now access the website of the mutual fund and deal directly with the
fund.
Q 16.
Investments owned by the scheme may be quoted in the market at higher
than the cost paid. Such gains in values on securities held are called
_______ .
valuation gains
Notional gains
valuation losses
Notional losses
UnAttempted
CORRECT ANSWER:
valuation gains
Explanation:
Investments owned by the scheme may be quoted in the market at higher than the
cost paid. Such gains in values on securities held are called valuation gains.
Similarly, there can be valuation losses when securities are quoted in the market at a
price below the cost at which the scheme acquired them.
Q 17.
The sponsor needs to contribute a minimum _____ of the net worth of the
AMC.
25%
40%
50%
66%
UnAttempted
CORRECT ANSWER:
40%
Q 18.
What is the 'Goal Based approach to Financial Planning' focused on ?
To generate a limited amount of money
An investment plan which is focused on a specific goal
An investment plan with a specific risk profile
A specific option of investment
UnAttempted
CORRECT ANSWER:
An investment plan which is focused on a specific goal
Explanation:
Goal Based approach to Financial Planning is a financial plan for a specific goal. For
example - Investments which will be used for higher studies of a child.
An alternate approach is a “comprehensive financial plan” where all the financial

goals of a person are taken together, and the investment strategies worked out on
that basis.
Q 19.
As per the common disclosure - Investments in mutual funds are subject to
market risks and therefore ______ .
will provide insurance
will not provide guarantee of returns or capital protection
will provide guarantee of returns
will guarantee capital protection in the long run
UnAttempted
CORRECT ANSWER:
will not provide guarantee of returns or capital protection
Explanation:
There is NO guarantee of returns or capital protection in a Mutual Fund.
Q 20.
The distributors are mainly compensated through ______ by the mutual
funds.
commissions
salaries
portfolio profits
annual fees
UnAttempted
CORRECT ANSWER:
commissions
Explanation:
Agents receive commissions on the amount mobilized by them.
Two kinds of commission are earned by distributors on their mobilization - Upfront

Commission and Trail commission.
Q 21.
A summary of the scheme related information documents is found in the
_____ .
Statement of Additional Information (SAI)
Key Information Memorandum - KIM
Fact Sheet
Addendum
UnAttempted
CORRECT ANSWER:
Key Information Memorandum - KIM
Explanation:
Scheme Information Document (SID) and Statement of Additional Information (SAI)

contain the details of the particular scheme and the statutory information about
the mutual fund or AMC, that is offering the scheme.
Key Information Memorandum - KIM is essentially a summary (synopsis) of the SID

and SAI. It contains the key points of these documents that are essential for the
investor to know to make a decision on the suitability of the investment for their
needs. It is more easily and widely distributed in the market. As per SEBI regulations,
every application form is to be accompanied by the KIM.
Q 22.
The credit rating of a bond migrates from AAA to AA+. Determine what will
the impact of this migration on the market price of the bond ?
Bond price will rise
Bond price will fall
No change in the bond price
The price can rise or fall depending on the market conditions
UnAttempted
CORRECT ANSWER:
Bond price will fall
Explanation:
Fixed income securities are exposed to rating migration risk, which could impact the
price on account of change in the credit rating.
For example: One notch downgrade of a AAA rated issuer to AA+ will have a negative
impact on the price of the security and vice-versa for an upgrade of a AA+ issuer.
Q 23.
Mr. Shah gives a local cheque at 2.30 pm of Rs 30 lacs for investment in an
Equity Scheme. Which will be the applicable NAV for allotment of units to
Mr. Shah ?
NAV of the business day on which the funds are available for utilisation
Closing NAV of the next business day
Closing NAV of day immediately preceding the date of application
Same day NAV if received before cut off time.
UnAttempted
CORRECT ANSWER:
NAV of the business day on which the funds are available for utilisation
Explanation:
Applicable NAV for purchases of Equity oriented funds and debt funds (except
liquid funds) in respect of transaction equal to or more than Rs. 2 lakhs - -
Irrespective of the time of receipt of application, NAV of the business day on which
the funds are available for utilisation
Q 24.
A Segregated Portfolio be created out of a debt fund scheme when
________ .
there is a credit event
a change occurs in the fund management team
interest rates move down
interest rates move up
UnAttempted
CORRECT ANSWER:
there is a credit event
Explanation:
“Segregated portfolio” means a portfolio, comprising of debt or money market
instrument affected by a credit event, that has been segregated in a mutual fund
scheme.
Q 25.
Mutual funds have to follow the regulations of Reserve Bank of India (RBI)
for investments in _______ .
Securities market
Gold
Money market
Commodity market
UnAttempted
CORRECT ANSWER:
Money market
Explanation:
RBI regulates the money market and foreign exchange market in the country.
Therefore, mutual funds need to comply with RBI’s regulations regarding investment
in the money market, investments outside the country etc.
Q 26.
With which agency are the mutual fund distributors registered?

Securities and Exchange Board of India
Fund Accounting Team
Depositories
Association of Mutual Funds in India
UnAttempted
CORRECT ANSWER:
Association of Mutual Funds in India
Explanation:
Distributors need to pass the NISM certification Examination (NISM-Series- V-A:
Mutual Fund Distributors (MFD) Certification Examination) and register with AMFI.
Q 27.
Investment objective is closely linked to ________.
Plan
Scheme
Option
Maturity
UnAttempted
CORRECT ANSWER:
Scheme
Explanation:
Every scheme has a pre-announced investment objective.
When investors invest in a mutual fund scheme, they are effectively buying into its
investment objective.
Q 28.
In the top-down approach, sector allocation precedes stock selection -
True or False ?
True
False
UnAttempted
CORRECT ANSWER:
True
Explanation:
In a top down approach, the portfolio manager decides how to distribute the
investible corpus between countries and sectors. Thereafter, the good stocks within
the identified sectors are selected for investment. Thus sector allocation is a key
decision.
In a bottom-up approach, not much importance is given to the country-allocation and

sector-allocation. If a stock is good, it is picked for investment.
Q 29.
At what price are the bonus units issued to the unitholder?
The bonus units are allotted free of cost
At the prevailing NAV divided by the bonus ratio
The price is decided by the AMC in consultation with the trustees
At the prevailing NAV
UnAttempted
CORRECT ANSWER:
The bonus units are allotted free of cost
Explanation:
In a bonus issue, the investor does not pay anything. The fund allots new units for
free. Thus, in a 1:3 bonus issue, the investor is allotted 1 new unit (free) for every 3
units already held by the investor.
Q 30.
Which of the following cannot be considered for the purpose of selecting a
scheme’s benchmark?
Scheme’s asset allocation pattern
Mutual fund scheme’s investment objective
Scheme’s past returns
Investment strategy of the MF scheme
UnAttempted
CORRECT ANSWER:
Scheme’s past returns
Explanation:
A credible benchmark should meet the following requirements: It should be in
sync with (a) the investment objective of the scheme; (b) asset allocation pattern; and
(c) investment strategy of the scheme.
The schemes past performance is not considered while selecting the benchmark.
Q 31.
The specialty of a Sector Fund is that it invests in various economic
sectors - True or False ?
False
True
UnAttempted
CORRECT ANSWER:
False
Explanation:
Sector Funds are sector specific and invest in various companies of a sepecific
sector - for eg. Banking Sector Fund will invest in shares of various Banks.
Q 32.
Investors have bought 20 crore units of a mutual fund scheme at Rs. 10
each. The scheme has thus mobilized 20 crore units X Rs. 10 per unit i.e.
Rs 200 crore. An amount of Rs. 140 crore is invested in equities. The
balance amount of Rs 60 crore, mobilized from investors, was placed in
bank deposits. Interest and dividend receivable (accrued but yet not
received) by the scheme is Rs 8 crore, scheme expenses payable (accrued
but not paid yet) is Rs 4 crore. Calculate the scheme’s NAV per unit.
Rs. 10.00
Rs. 20.00
Rs. 10.20
Rs. 20.40
UnAttempted
CORRECT ANSWER:
Rs. 10.20
Explanation:
NAV = (Current value of investments held + Income accrued + Current assets –
Current liabilities – Accrued expenses) / No. of outstanding units
Current Value of investments is Rs 140 crores in equities + Rs 60 crores in bank

deposits = Rs 200 crores
Income accrued = Rs 8 crores
Accrued expenses = Rs 4 crores
Thus NAV = 200 cr + 8 cr - 4 cr / 20 cr
= 204 cr / 20 cr
= Rs. 10.20
Q 33.
_________________ style is an approach of picking up stocks, which are
valued lower, based on fundamental analysis.
Dividend Yield
Value Investing
Growth Investing
Top Down Approach
UnAttempted
CORRECT ANSWER:
Value Investing
Q 34.
Which of the following statements is True?
Hindu Undivided Families (HUFs) are not allowed to invest in mutual fund
schemes
Minors cannot invest in mutual fund schemes
Foreign investors can invest in Indian mutual fund schemes, provided they
have completed the Know-Your-Client (KYC) formalities
UnAttempted
CORRECT ANSWER:
Foreign investors can invest in Indian mutual fund schemes, provided they have
completed the Know-Your-Client (KYC) formalities
Explanation:
Foreign investors can invest in equity schemes of MFs registered with SEBI
after completing KYC process.
Q 35.
Day to day management of the Mutual Fund schemes is handled by the
Trustees - True or False ?
False
True
UnAttempted
CORRECT ANSWER:
False
Explanation:
Day to day management of the schemes is handled by an AMC.
The AMC is appointed by the sponsor or the Trustees.
Q 36.
Which of the following is an advantage of mutual funds?
Convenience to buy stocks and bonds directly from the mutual fund
Customized portfolio
Economies of scale
UnAttempted
CORRECT ANSWER:
Economies of scale
Explanation:
Large investment corpus of a mutual fund leads to various other economies of scale.
For instance, costs related to investment research and office space gets spread
across investors.
Further, the higher transaction volume makes it possible to negotiate better terms
with brokers, bankers and
other service providers.
Q 37.
If the fund manager is expecting the interest rates to fall, then the manager
______
would buy fixed rate instruments of shorter tenor
would buy floating rate instruments
would buy longer term fixed rate debt securities.
None of the above
UnAttempted
CORRECT ANSWER:
would buy longer term fixed rate debt securities.
Explanation:
When the interest rates fall, the current debt instruments of longer duration become
more valuable.
Q 38.
If the fund manager of a debt fund is expecting the interest rates to rise, he
will _______________.
increase the exposure to longer term fixed rate debt securities
switch the portfolio towards a higher proportion of floating rate instruments
The fund Manager cannot do much as all his money is generally fully invested
None of the above
UnAttempted
CORRECT ANSWER:
switch the portfolio towards a higher proportion of floating rate instruments
Explanation:
When interest rates rise, the current debt instruments become less valuable.
So by buying Floating Rate instruments ( floating rate i.e. a rate linked to some other
rate that may be prevailing in the market ) he can be relatively safer.
Q 39. For life-long investment in gold one should prefer Gold Futures as against
Gold ETF - True or False ?
True
False
UnAttempted
CORRECT ANSWER:
False
Explanation:
Gold futures contracts are traded in commodity exchanges and have an expiry date.
Gold ETF's on the other hand have no expiry date. They can be bought and the
delivery takes place in Demat Form which can be held as long as you want.
Q 40.
Each mutual fund scheme must have a stated investment objective. State
whether True or False.
True
False
UnAttempted
CORRECT ANSWER:
True
Explanation:
Every scheme has a pre-announced investment objective. Investors invest in a mutual
fund scheme whose investment objective reflects their own needs and preference.
Q 41.
The maximum initial commission that an AMC can pay to distributors is
____.
0.1%
0.5%
2.5%
NIL
UnAttempted
CORRECT ANSWER:
NIL
Explanation:
As per the new rules : Upfront commission to distributors will be paid by the investor
directly to the distributor, based on his assessment of various factors including the
service rendered by the distributor.
Q 42.
KIM has to be updated every ______.
three months
six months
one year
five year
UnAttempted
CORRECT ANSWER:
one year
Explanation:
KIM is to be updated at least once a year.
Q 43.
Mutual funds in India are governed by SEBI (Mutual Fund) Regulations,
1996 - True or False ?
True
False
UnAttempted
CORRECT ANSWER:
True
Q 44.
______________ is the regulator for the National Pension System.
AMFI
COMMERCE MINISTRY
SEBI
PFRDA
UnAttempted
CORRECT ANSWER:
PFRDA
Explanation:
Pension Funds Regulatory and Development Authority (PFRDA) is the regulator for
the National Pension System.
Q 45.
Which of the following statements is ‘True’ with respect to celebrity
endorsement for mutual funds?
Celebrities can endorse only on-going mutual fund schemes
Celebrities can endorse only NFOs
SEBI has permitted celebrity endorsements for promotion of individual mutual
fund schemes
SEBI has permitted celebrity endorsement at the industry level for the purpose
of increasing the awareness of mutual funds
UnAttempted
CORRECT ANSWER:
SEBI has permitted celebrity endorsement at the industry level for the purpose of
increasing the awareness of mutual funds
Explanation:
SEBI has permitted celebrity endorsements at industry level for the purpose
of increasing awareness of Mutual Funds as a financial product category with a few
restrictions like - The celebrity endorsements shall not promote a scheme of a
particular Mutual Fund or be used as a branding exercise of a Mutual Fund
house/AMC etc.
Q 46.
The transparency levels in mutual funds are very low. State whether True
or False.
True
False
UnAttempted
CORRECT ANSWER:
False
Explanation:
The structure of the mutual funds and the regulations by SEBI have ensured that
investors get full transparency about their investments.
There are three essential places from where the investor can get enough information
for taking informed decisions, viz., scheme related documents (SID, SAI, and KIM),
portfolio disclosures, and the NAV of the scheme.
Q 47.
If an investor wants to invest a sum of below Rs 50000 in cash in a Mutual
Fund then PAN card is not required - True or False ?
True
False
UnAttempted
CORRECT ANSWER:
True
Explanation:
Small investors, who may not be tax payers and may not have PAN/bank accounts,
such as farmers, small traders/businessmen/workers are allowed cash transactions
for purchase of units in mutual funds to the extent of Rs. 50,000/- per investor, per
mutual fund, per financial year.
This is subject to compliance with Prevention of Money Laundering Act, 2002 and
SEBI Circulars on Anti Money Laundering (AML) and other applicable AML rules,
regulations and guidelines.
Q 48.
What is the maximum Total Expense Ratio chargeable in case of index
funds?
It depends as the TER changes in line with the size of the scheme
Any amount that the AMC may deem appropriate
1 percent of the daily net assets
1.5 percent of the daily net assets
UnAttempted
CORRECT ANSWER:
1 percent of the daily net assets
Explanation:
In case of an index fund scheme or exchange traded fund, the total expense ratio
of the scheme including the investment and advisory fees shall not exceed 1.00 per
cent of the daily net assets.
Q 49.
Whose KYC needs to be completed in case of an application by a minor?
The minor
The guardian
Any family member of the minor
No KYC is required in case of applications by minors
UnAttempted
CORRECT ANSWER:
The guardian
Explanation:
An investment made for a minor (less than 18 years) is done through a guardian who
complies with the KYC and PAN requirements and all other formalities as if the
investment was for themselves.
Q 50.
AMFI is an industry body, but not a self-regulatory organization - True or
False ?
False
True
UnAttempted
CORRECT ANSWER:
True
Explanation:
Asset Management Companies in India are members of Association of Mutual Funds

in India (AMFI), an industry body that has been created to promote the interests of the
mutual funds industry.
AMFI is neither a regulatory body nor a Self-Regulatory Organisation (SRO).
Out of 50 questions 50 are un attempted.

NISM

Uploaded by

Copyright:

Available Formats

You might also like

NISM

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

NISM

Uploaded by

Copyright:

Available Formats

Welcome to Pass4Sure Page 1 of 24

AMFI Guidelines and Norms for Intermediaries

Q 3. An investor gives a local cheque of Rs 3 crore for investment in Gilt

All of the above

meant only for Close Ended Schemes

applicable for all schemes

b) Statement of Additional Information (SAI), which has statutory information about

A close-ended scheme offers liquidity through a listing in a stock exchange.

application for New Fund Offers (NFO)

Net Asset Value

Investment of the full amount in equities

In situations of 'Sudden Wealth', it is advisable to initially block the money by

At a price which can be higher or lower or same as NAV

None of the above

(AMFI is not an SRO)

Yes, they can buy / sell units on the MFs website

An investment plan which is focused on a specific goal

An alternate approach is a “comprehensive financial plan” where all the financial

will not provide guarantee of returns or capital protection

There is NO guarantee of returns or capital protection in a Mutual Fund.

Agents receive commissions on the amount mobilized by them.

Two kinds of commission are earned by distributors on their mobilization - Upfront

Key Information Memorandum - KIM

Scheme Information Document (SID) and Statement of Additional Information (SAI)

Key Information Memorandum - KIM is essentially a summary (synopsis) of the SID

Bond price will fall

there is a credit event

With which agency are the mutual fund distributors registered?

Association of Mutual Funds in India

Every scheme has a pre-announced investment objective.

In a bottom-up approach, not much importance is given to the country-allocation and

The bonus units are allotted free of cost

Scheme’s past returns

Current Value of investments is Rs 140 crores in equities + Rs 60 crores in bank

Income accrued = Rs 8 crores

Accrued expenses = Rs 4 crores

Thus NAV = 200 cr + 8 cr - 4 cr / 20 cr

Day to day management of the schemes is handled by an AMC.

The AMC is appointed by the sponsor or the Trustees.

would buy longer term fixed rate debt securities.

switch the portfolio towards a higher proportion of floating rate instruments

KIM is to be updated at least once a year.

1 percent of the daily net assets

Asset Management Companies in India are members of Association of Mutual Funds

AMFI is neither a regulatory body nor a Self-Regulatory Organisation (SRO).

Out of 50 questions 50 are un attempted.

You might also like