n NISM Certifications
XVII NISM Series XVII
Medium

What is the Income Replacement Ratio?

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

    The percentage of savings required to meet the income requirements in retirement

  2. The percentage of pre-retirement income required in retirement to meet the expenses

    Correct answer

  3. C

    The percentage of returns that has to be earned by the retirement corpus to provide for the income in retirement

  4. D

    The percentage of returns that has to be earned on the retirement savings for creating the required corpus

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

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