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Statement — The institute has fixed a one-year validity period for transfer forms for some listed schemes.\nCourses of Action:\nI. Consult investors before fixing the validity period.\nII. Duly inform investors about the validity period.\nIII. Communicate the list of schemes covered under this validity period.

Difficulty: Easy

All follow
Both I and II follow
Both I and III follow
Both II and III follow
Neither I nor II nor III follows

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.

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