n NISM Certifications
XVII NISM Series XVII
Medium

When investing a fixed amount periodically in a volatile market, which statement is true?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    More units are bought when markets are up

  2. B

    The average acquisition cost is lowest during this period

  3. The average cost of acquisition decreases over time

    Correct answer

  4. D

    Fewer units are bought when markets are up

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

Test yourself for real

Take a full NISM Series XVII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.