n NISM Certifications
XVII NISM Series XVII
Medium

The upper investment limit in the Senior Citizen Savings Scheme restricts individuals from investing their entire retirement savings in this scheme.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    There is no fixed return guarantee

  2. B

    The returns are likely to be lower as compared to other similar products

  3. There is an upper limit on investments

    Correct answer

  4. D

    The scheme is not flexible as to payment of periodic income

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

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