NISM NISM Series XVII: Retirement Adviser Certification

📝 35 Questions ⏱️ 120 Minutes 🎯 Pass: 60% ⚠️ Negative Marking: 0.25
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Topics Covered in This Mock Test

  • ✅ National Pension System (NPS)
  • ✅ PFRDA Regulations
  • ✅ Annuity Products
  • ✅ Social Security Schemes (EPF, PPF, SCSS, APY)
  • ✅ Retirement Corpus Planning
  • ✅ Bucket Strategy & SWP

All questions are based on the official NISM Series XVII syllabus. Questions are shuffled on every attempt. Explanations are shown after each answer.

Why Use This Mock Test?

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Countdown Timer

Simulates real exam conditions

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Detailed Explanations

Learn why each answer is correct

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Topic-wise Analysis

See which topics need more work

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Questions Shuffled

Different order every attempt

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Negative Marking

0.25 deduction — exactly like the real exam

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Completely Free

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Frequently Asked Questions — NISM Series XVII

NISM Series XVII is required for professionals who provide retirement planning advice including NPS distribution. It covers NPS mechanics, pension products, and PFRDA regulations.

At NPS exit at age 60, a subscriber must compulsorily use at least 40% of the accumulated corpus to purchase a lifetime annuity. The remaining 60% can be withdrawn as a tax-free lump sum.

NPS Tier 1 is the primary pension account with restricted withdrawals and tax benefits. Tier 2 is a voluntary savings account with full liquidity but generally no tax benefits (except for government employees).

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Disclaimer: FreeNISMMockTest.com is not affiliated with NISM or SEBI. Mock tests are for practice only. Always study the official NISM workbook for authoritative content. Visit nism.ac.in to register for the actual exam.
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