n NISM Certifications
XVII NISM Series XVII
Medium

Expenses related to health are likely to be higher during retirement due to aging and related health issues.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Housing

  2. B

    Transportation

  3. C

    Personal needs

  4. Health related expenses

    Correct answer

Why this is the answer

As individuals age, health-related costs tend to increase significantly owing to chronic conditions and medical needs, making healthcare expenses a major component of retirement expenditure.

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.