n NISM Certifications
XVII NISM Series XVII
Medium

The application for NPS can be rejected if any mandatory fields are incomplete, or if asset allocation does not add up to 100%, among other reasons.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Mandatory fields in the application form are not filled

  2. B

    If the asset allocation in the active choice does not add up to 100 percent

  3. C

    Bank account details are not provided for Tier II account

  4. Any of the above

    Correct answer

Why this is the answer

Multiple reasons, including incomplete forms and incorrect asset allocation, can lead to rejection.

Test yourself for real

Take a full NISM Series XVII mock test.

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