n NISM Certifications
X NISM Series X
Medium

What is the maximum tenure for a reverse mortgage scheme?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    5 years

  2. B

    10 years

  3. C

    15 years

  4. 20 years

    Correct answer

Why this is the answer

Reverse mortgage schemes in India typically have a maximum tenure of 20 years, providing income to senior homeowners.

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