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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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