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Social media platforms are fertile ground for spreading problematic information. This paper explored Library and Information Science (LIS) students' understanding of problematic information, i.e. misinformation, disinformation, malinformation, fake news, rumor, etc. associated with their ability to categorize these. This paper showed the relation between what students think they know and what they actually know in regard to recognizing mis-dis-mal-information. A survey was conducted using a structured questionnaire among LIS students of all public universities in Bangladesh, and 426 usable responses get backed. For analyzing the data, SPSS was used to carry out the descriptive analysis, Pearson Correlation, and Spearman's Correlation Coefficient. The result showed that students were connected with social media platforms on a daily basis, most preferably with Facebook and YouTube. In terms of sharing or commenting on a post that was not completely accurate, almost half of the respondents are habituated with the aim of doing so. Although the basic familiarity rated by students themselves with the problematic information is nearly satisfactory, the capacity to recognize this information whenever it occurred in hands-on tasks was very low. There is a positive correlation among gender, study level, and frequency of using Internet and social media with familiarity with misinformation, disinformation, fake news, rumor, and malinformation. [ABSTRACT FROM AUTHOR]