n NISM Certifications
XVII NISM Series XVII
Medium

Mr. X invested heavily in bank deposits during the accumulation stage. Which behavioral bias influences this choice, given the low returns?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Anchoring

  2. B

    Confidence bias

  3. Familiarity bias

    Correct answer

  4. D

    Herd mentality

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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