n NISM Certifications
X NISM Series X
Medium

Which small savings product requires interest income to be paid out periodically?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    National Savings Certificate

  2. Post Office Monthly Income Scheme

    Correct answer

  3. C

    Public Provident Fund

  4. D

    All of the above

Why this is the answer

POMIS pays out interest monthly, providing regular income, unlike other schemes where interest is compounded.

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