n NISM Certifications
XVII NISM Series XVII
Medium

What restriction in the Senior Citizen Saving scheme makes it unattractive for investing the entire retirement corpus in it?

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 returns are not guaranteed

  2. There is an upper limit on investments

    Correct answer

  3. C

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

  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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