n NISM Certifications
NSM General NISM
Medium

A client spends a tax refund freely but hesitates to invest regular income. This is an example of:

Practice question from I-B4 Session 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Recency Bias

  2. B

    Framing Bias

  3. Mental Accounting

    Correct answer

  4. D

    Loss Aversion

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.