Question

In each of these questions, a paragraph is given that has blank in it. Five sentences (1), (2), (3), (4) and (5) are suggested. Out of these, only one fits the blank in the context of the paragraph. Pick that sentence as the answer.

With the advent of robo advisors, customised financial

and investment advisory is just a click or a tap away. These advisory platforms dole out tailormade investment suggestions based on your goals, using an algorithm. ………………………………………………… . Based on the input data, the platform recommends suitable asset allocation and schemes for investment.

A There are three different fee models and charges depending on which one you choose.

B Besides on your life goals, they also get data such as your salary, investible surplus, age, investment horizon and risk appetite

C This is usually linked to the quantum of investments facilitated by the platform.

D Whenever a customer invests into a mutual fund scheme through the platform, the respective fund house pays the platform a commission

E None of these

Practice Next

Relevant for Exams:

RBI Grade B

Question

With the advent of robo advisors, customised financial

Solution

Relevant for Exams:

Download the app