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Options
-
Familiarity bias
Correct answer
- B
Anchoring
- C
Herd mentality
- D
Confidence bias
Why this is the answer
Familiarity bias refers to the tendency of investors to stick with what they know, even if it may not be the best option. In this case, Mr. Tarun is investing in bank deposits, a safe but low-return option, because he is more comfortable with it, instead of exploring potentially better returns in other investments like equities or mutual funds.
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