Options
- A
By considering inflation, wage growth, and future earning potential
-
By calculating the amount needed to generate the annual income the family would require through interest
Correct answer
- C
By dividing total lifetime savings by the expected lifespan
- D
By multiplying the breadwinner’s annual income by the current interest rate
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.