Banking General Awareness Reserve Bank of India Question Bank Practice Questions - Reserve Bank of India - Structure and Functions

  • question_answer
    As per the reports in the leading newspapers. Securities and Exchange Board of India (SEBI) has asked the mutual fund industry to stop 'Misselling' their schemes to investors. What is 'Misselling' of products?
    I. Misselling takes place when mutual funds are sold without telling the likely returns.
    II. When agents sell the products without telling investors what are the risks involved in investing in mutual funds.
    III. When agents invest somebody's money in mutual funds without their knowledge/ it is called misselling.
    Select the correct answer using the codes given below:

    A)  Only I                         

    B)  Only II

    C)  Only III                       

    D)  All of these

    E)  None of these

    Correct Answer: D


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