Which term describes investment advice that is based on the firm's own product range?

• A. Independent advice
• B. Restricted advice
• C. General information
• D. Hybrid advice

Answer: (B)

The concept being tested is how investment advice is categorized by the range of products considered. When the adviser is limited to recommending only the firm's own product range, the advice is described as restricted. This label signals that the recommendations are constrained to a particular set of products, which can create a bias toward that firm's offerings. It contrasts with independent advice, which is not restricted to any one firm's products and aims to assess options across the whole market. General information is non-tailored and not specific advice about products, and hybrid advice isn’t the standard term used here.