Banking · Wealth Management
Consider the following statements about Portfolio Management Services (PMS) and identify which of these are TRUE: 1. Active Portfolio Management aims to outperform the market index by actively buying and selling securities. 2. Passive Portfolio Management involves the portfolio manager having full control to adopt any strategy without investor approval. 3. Discretionary Portfolio Management demands higher involvement from the portfolio manager and usually charges higher fees. 4. Non-discretionary Portfolio Management means the investor makes the final decision on investment timing and choices. 5. Passive Portfolio Management results in higher transaction costs compared to active management due to frequent trading.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All statements are true
- 21, 3, and 4 only✓
- 32 and 5 only
- 41, 2, and 4 only
Correct answer
1, 3, and 4 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Banking?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Wealth Management MCQs →Want more practice questions on Wealth Management?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Banking · Wealth Management