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

What is the primary purpose of maintaining an emergency fund?

To pay off long-term home loan obligations early To maximize capital appreciation and earn high speculative returns To lock in funds for retirement to avoid early withdrawals To meet unexpected expenses and handle short-term financial crises without disrupting long-term investments

Correct Answer:

To meet unexpected expenses and handle short-term financial crises without disrupting long-term investments

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