NISM-Series-XVII: Retirement Adviser Certification Examination - National Institute of Securities Markets (NISM)

Created on November 15, 2022 By

nism_admin

NISM-Series-XVII: Retirement Adviser Certification Examination

1 / 25

The maximum time within which the Ombudsman shall pass an award after an appeal is filed with it under the NPS is

3 weeks

4 weeks

90 days

30 days

2 / 25

Who is the chief regulator of securities markets in India?

Pension Fund Regulatory and Development Authority

Securities and Exchange Board of India

Reserve Bank of India

Ministry of Finance

3 / 25

Which of the following is a responsibility of a Self Regulatory Organisation (SRO)?

Make regulations on specific areas allowed by the regulator

Enforce the regulations made by the regulator of the industry

Encourage best practices amongst members

Create a code of ethics to be followed by its employees

4 / 25

In maintaining documents related to health, including health insurance, which of the following is of primary importance?

Safety of the documents

It should be maintained with the issuer/health care provider

Easy access to the information

All the documents should be registered

5 / 25

Which of the following documents is registered to establish ownership and title to a property?

Katha certificate

Sale Deed

Sale Agreement

Possession letter

6 / 25

Which of the following ratio reflects the debt situation of the individual?

Interest servicing ratio

Current assets to Current liabilities ratio

Debt to Income ratio

Asset to Debt Ratio

7 / 25

What is the maximum holding period that a risk averse investor is likely invest his funds in the first bucket under the 'Bucket Strategy'?

5 years

4 Years

3 years

2 Years

8 / 25

The retirement goal value will be affected by which of the following changes in the individual's life?

Early retirement

Increased expenses

Reduced savings

All the options given here

9 / 25

What is the maximum tenure of the Reverse Mortgage Scheme?

30 years

25 years

20 years

For the life of the borrower

10 / 25

How is the Gratuity due paid to the employee?

As an annuity

In a lump sum

1/3rd is commuted and the rest used to purchase an annuity

It is credited to the EPFO account each year

11 / 25

Which of the following are features of investments suitable in the distribution stage?

Income orientation

Protection from inflation

Stable returns

All the options given here

12 / 25

Which of the following risks is a systematic risk affecting an investment?

Increasing costs of production

Fall in demand for goods or services

Increase in inflation

Management issues

13 / 25

CAGR considers which of the following in the calculation

Compounding of returns

Volatility in returns

Composition of the returns

Holding period of the investment

14 / 25

A subscriber to the NPS receives the pension for income in retirement from

An Annuity purchased on retirement

The Corporate employer

PFRDA

the government

15 / 25

In which of the following models of the NPS is the contribution always solely by the subscriber?

Government model

State government model

Corporate model

All citizens model

16 / 25

Who defines the eligibility norms of the intermediaries in the NPS?

Ministry of Finance

SEBI

PFRDA

NPS Trust

17 / 25

Which of these expenses are likely to be higher in retirement?

Housing

Transportation

Personal needs

Health related expenses

18 / 25

What should be the investment objective of the portfolio assigned to accumulating the retirement corpus?

Growth

Lowering risk

Regular income

Maximising returns

19 / 25

At which stage is it good to reduce the proportion of growth assets in the portfolio?

Middle earning years

Young earning years

Pre-retirement stage

Young families

20 / 25

Which of the following is essential for efficient investing in equity?

Large investment amount

Ability to time the entry and exit into the market

Long investment horizon

Short investment horizon

21 / 25

Which of the following asset classes' returns are only from the appreciation in price?

Real Estate

Equity

Bonds

Gold

22 / 25

Which of the following is true about retirement goal?

It has to be built out of owned funds

It requires a large corpus

It is long term in nature

All of the above

23 / 25

Which of these is a non-financial concern in retirement?

Finding interests to occupy time

Dealing with living on a tight budget

Making investment decision in retirement

Dealing with the risk of longevity

24 / 25

Life expectancy directly affects which of the following features of the retirement goal?

Period in retirement

Monthly expenses in retirement

Remaining working years

Returns earned on the retirement corpus

25 / 25

The retirement benefit in a Defined Contribution plan depends upon:

The corpus accumulated in the scheme

The last drawn pay of the employee

The terms of employment at the time of recruitment

The average rate of return in the debt markets

Your score is

The average score is 59%

0%