n NISM Certifications
XXI NISM Series XXI-A
Medium

'Financial Planning' involves:

Practice question from NISM XXI A for PMS - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Setting financial goals and creating strategies to achieve them

    Correct answer

  2. B

    Buying stocks randomly to make quick money

  3. C

    Avoiding all debt at all costs

  4. D

    Investing only in real estate

Why this is the answer

Financial planning is a comprehensive process of setting objectives and developing a plan to meet them through proper management of finances.

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