n NISM Certifications
X NISM Series X
Medium

Which of these is NOT considered a liquid asset?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Close-ended fund balance

    Correct answer

  2. B

    Savings bank account balance

  3. C

    Liquid fund balance

  4. D

    Cash balance

Why this is the answer

Close-ended funds are not liquid because they are traded at market prices and cannot be redeemed immediately.

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