n NISM Certifications
XVII NISM Series XVII
Medium

The Ombudsman must issue a decision within 90 days after a complaint or appeal is filed within the NPS grievance redressal system.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    30 days

  2. B

    60 days

  3. 90 days

    Correct answer

  4. D

    120 days

Why this is the answer

As per regulations, the Ombudsman is mandated to pass an award within 90 days from the receipt of the grievance to ensure timely dispute resolution.

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.