NISM Series XXV-B Practice Questions - NISM Series XXV-B Persons Associated With Investment Advice (Sales And Other Non-Core Services) Certification Exam

Which of the following describes a surplus budget for an individual client?

Total expenses exceed total income during a specific period Total income exceeds total expenses during a specific period Total assets exceed total liabilities on the balance sheet Total debt payments exceed monthly income

Correct Answer:

Total income exceeds total expenses during a specific period

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