n NISM Certifications
X NISM Series X
Medium

Short-term capital loss can be offset against both short-term and long-term capital gains, but not against other income types.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Short-term capital gains

  2. B

    Long-term capital gains

  3. Long-term or Short-term capital gains

    Correct answer

  4. D

    Any Income

Why this is the answer

Capital losses from short-term assets can be set off against any capital gains, whether short-term or long-term, to reduce taxable capital gains.

Test yourself for real

Take a full NISM Series X mock test.

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

NISM Series XB- Investment Adviser (Leve…