n NISM Certifications
XVII NISM Series XVII
Medium

Contributions made to NPS are converted into units by dividing the contribution (minus charges) by the NAV on the date of investment.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Contribution Amount (Less Charges) / Current NAV

    Correct answer

  2. B

    Contribution Amount (Less Charges) / Average NAV

  3. C

    Contribution Amount (Less Charges) / NAV as on 1st January of that year

  4. D

    Contribution Amount (Less Charges) / Rs. 10

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 NISM Series XVII mock test.

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