Question
The 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 _____ days after the end of a financial year.ÂSolution
The 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 and decide which of the conclusions logically follow(s) from the statements.
Statements:
In the following question, a relationship between different elements is shown in the statement followed by two conclusions (I) and (II). Assuming the st...
Statement:Â
Some Trains are bus.
Only few buses are bike.
Only cycles are bike.
No cycle is plane.
Conclusion:
Read the statement, followed by two conclusions. Read them carefully and select thecorrect option.
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Read the statements and identify which of the conclusions logically follow/s from the given statement.
Statement:
Parents are ready to p...
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...
3 In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be t...
Statement:
No one is two.
A few two are three.
Only one is four.
Conclusion:
1. All two being three is a possibilit...
Read the given statements and the following conclusions carefully and select which of the conclusions logically follow(s) from the statements.
S...
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