n NISM Certifications
NSM General NISM
Medium

Do all named employees pay the same premium rate?

Practice question from IC 38 Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Yes, all named employees have standardized premium rates

  2. No, premium rates vary depending on risk classification and selected benefits

    Correct answer

  3. C

    Premium rates depend solely on the employee’s age

  4. D

    Premium rates depend solely on the employee’s salary

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

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