n NISM Certifications
XVII NISM Series XVII
Medium

Budgeting helps households realize their savings potential by planning income and expenses effectively.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To increase the income of a household

  2. B

    To increase the rate of return on investments

  3. To realize the savings potential of a household

    Correct answer

  4. D

    To help reduce the risks in a portfolio which the household has built

Why this is the answer

A budget enables households to identify savings opportunities and control expenses.

Test yourself for real

Take a full NISM Series XVII mock test.

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