n NISM Certifications
X NISM Series X
Medium

A Family Settlement is primarily used to:

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Resolve disputes or claims within a family to maintain harmony

    Correct answer

  2. B

    Settle high credit dues among family members

  3. C

    Agree on inter-caste marriage arrangements

  4. D

    Create a Hindu Undivided Family (HUF)

Why this is the answer

Family Settlement is an agreement aimed at settling property or claim disputes amicably within family members, preventing litigation and promoting peace.

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