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      Question

      Which of the following is the correct full form of CAS,

      in the context of mutual funds and securities?
      A Credit Approval Scheme Correct Answer Incorrect Answer
      B Consolidated Account Statement Correct Answer Incorrect Answer
      C Customer Assurance Service Correct Answer Incorrect Answer
      D Cash Allocation System Correct Answer Incorrect Answer
      E Central Account Scheme Correct Answer Incorrect Answer

      Solution

      A Consolidated Account Statement (CAS) is a single document that provides details of all transactions and holdings across multiple mutual funds and securities for an investor. It helps investors keep track of their investments in a consolidated manner, offering transparency and ease of monitoring.

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