n NISM Certifications
XVII NISM Series XVII
Medium

What is the importance of budgeting for a common household?

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

    Budgeting increases the rate of return on investments

  2. Budgeting helps realize the savings potential of a household

    Correct answer

  3. C

    Budgeting increases the income of a household

  4. D

    Budgeting helps reduce the risks in a portfolio which the household has built

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

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