n NISM Certifications
XVII NISM Series XVII
Medium

When making a nomination in the NPS, which statement is true?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Multiple nominations entitle each nominee to an equal share

  2. B

    Nominations must be made within one year of subscribing

  3. If the subscriber has a family, nominations are in favor of family members only

    Correct answer

  4. D

    Changes in nominations are only allowed in favor of family members or between family members

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

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