n NISM Certifications
XVII NISM Series XVII
Medium

The best approach to managing outstanding debt before retirement is to aim for complete repayment, reducing liabilities and securing financial stability in retirement.

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

    Debt can be taken to buy appreciating assets

  2. B

    One can retain high cost debt in retirement

  3. Repay all debts

    Correct answer

  4. D

    Repay debt which do not have tax benefits

Why this is the answer

Clearing all debts before retirement minimizes liabilities, reduces financial stress, and ensures a more secure retirement phase.

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.