n NISM Certifications
XV NISM Series XV
Medium

Which of the following is considered a current asset?

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Goodwill

  2. Inventory

    Correct answer

  3. C

    Intangible assets under development

  4. D

    Plant and Equipment

Why this is the answer

Current assets convert to cash within one operating cycle. Non-current assets include goodwill, intangibles, and plant/equipment.

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.