Statement — The institute has fixed a one-year validity period for transfer forms for some listed schemes. Courses of Action: I. Consult investors before fixing the validity period. II. Duly inform investors about the validity period. III. Communicate the list of schemes covered under this validity period.
Verbal Reasoning
Course of Action
Difficulty: Easy
Choose an option
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AAll follow
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BBoth I and II follow
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CBoth I and III follow
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DBoth II and III follow
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ENeither I nor II nor III follows
Answer
Correct Answer: Both II and III follow
Explanation
Introduction / Context:Policy clarity and disclosure are essential in financial schemes. Mandatory consultation is optional; disclosure is non-negotiable.
Given Data / Assumptions:
- I: Pre-decision consultation.
- II: Inform investors about validity.
- III: Communicate covered schemes.
Concept / Approach:Investor protection requires clear, timely notices (II) and precise scope (III). Consultation (I) is desirable but not necessary for validity.
Final Answer:Both II and III follow.