n NISM Certifications
XVII NISM Series XVII
Medium

The primary role of a bank account designated as an investment account in a financial plan is __________.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To earn interest income

  2. To receive and invest income gains and maturity proceeds

    Correct answer

  3. C

    To avail tax benefits on transfers

  4. D

    None of the above

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

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