n NISM Certifications
NSM General NISM
Medium

How does backdating benefit the premium due date?

Practice question from IC 38 Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Allows flexible payment options

  2. B

    Extends the premium due date

  3. Aligns the premium due date with key dates

    Correct answer

  4. D

    Reduces the premium amount

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.