n NISM Certifications
X NISM Series X
Medium

Among the options, ELSS (Equity-Linked Savings Scheme) has the shortest lock-in period of three years, making it more liquid compared to PPF, bank fixed deposits, or NPS.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    NPS Tier 1

  2. ELSS

    Correct answer

  3. C

    Tax Saving Bank Fixed Deposit

  4. D

    Public Provident Fund

Why this is the answer

ELSS funds have a lock-in of three years, shorter than other tax-saving instruments, offering relatively higher liquidity.

Test yourself for real

Take a full NISM Series X mock test.

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