n NISM Certifications
X NISM Series X
Medium

Anchoring bias occurs when individuals rely heavily on pre-existing information when making decisions, influencing subsequent judgments.

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

    Make forecast about the future prospects

  2. B

    Collect all available information when they make decisions

  3. Pre-existing information when they make decisions

    Correct answer

  4. D

    Do not make use of any information when they make decisions

Why this is the answer

Anchoring bias results from dependence on initial information or reference points, which skew subsequent decision-making.

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.