Misselling - Banking awareness questions on current affairs

1)   Which among the following refers to misselling?

(i) When mutual funds are sold without telling the likely returns
(ii) When agents sell the products without telling investors what are the risks involved in investing in mutual funds
(iii) When agents invest somebody's money in mutual funds without their knowledge

a. Only (ii)
b. Both (i) and (iii)
c. All (i), (ii) and (iii)
d. None of the above
Answer  Explanation 

ANSWER: All (i), (ii) and (iii)

Selling life insurance to someone who has no dependents is regarded as misselling.