n NISM Certifications
XV NISM Series XV
Medium

Which are cyclical businesses?

Practice question from NISM XV Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Primary Metals

  2. B

    Capital Goods

  3. Both of the above

    Correct answer

  4. D

    None of the above

Why this is the answer

Primary metals and capital goods industries are highly cyclical, with demand increasing during economic booms and declining sharply during recessions, reflecting broader economic trends.

Test yourself for real

Take a full NISM Series XV mock test.

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