n NISM Certifications
NSM General NISM
Medium

How are room rent sub-limits related to the sum insured?

Practice question from IC 38 Mock Test 17 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The sub-limits are fixed and do not change with the sum insured

  2. B

    The sub-limits increase as the sum insured increases

  3. C

    The sub-limits decrease as the sum insured increases

  4. The sub-limits are calculated as a percentage of the sum insured

    Correct answer

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 General NISM mock test.

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