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Start learning 50% faster. Sign in nowThe Securities and Exchange Board of India (SEBI) and Association of Portfolio Managers in India (APMI) will jointly set standards for performance audit of portfolio management services (PMS) players. After SEBI’s recent tightening of norms, PMS players are required to conduct a performance audit annually and submit a report within 60 days after the end of a financial year. This performance audit needs to consider all clients' portfolios managed by the PMS. However, performance of advisory clients can be excluded only if it is not published in any marketing material or website. The standard specified by APMI will be effective from October 1,2023.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
Only a few Umbrella are Kites
Some Kites are Sky
No Sky is a High
Conclusion:
I. Some Umbrella are not High
II. All Kites can never be High
Statements: Some hawk are cuckoo.
All cuckoo are duck.
Conclusions: I. some hawk ...
Statements:
No poem is a story.
All stories are novels.
All novels are articles.
Conclusions:
I. All articles are...
Statements: All AC are Fans.
All Fans are Coolers.
Conclusions:I. All AC are Coolers.
II. Some Fans are AC.
III. No AC is...
Statements: No swan is a penguin.
Some penguins are kingfisher.
Conclusions: I. Some s...
Statements:a. Some children are men
b. All men are old
Conclusions:I. Some men are children
II. Some old are men
Statements:
Only a few Meeting is Timing
Only a few Conversation is Meeting
No Conversation is Delegation
Conclusions:
<...Some streets are not stones. Some bricks are not roads.
Statement :
No pen is a cover.
No cover is a page.
All pages are stickers.
Conclusion :
I. At least some pages ...
