n NISM Certifications
X NISM Series X
Medium

A General Power of Attorney authorizes an individual to act on behalf of another in all matters, providing broad authority across multiple transactions and decisions.

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

Options

  1. A

    Comprehensive Power of Attorney

  2. General Power of Attorney

    Correct answer

  3. C

    Specific Power of Attorney

  4. D

    Corporate Power of Attorney

Why this is the answer

A General Power of Attorney grants wide-ranging authority to the attorney to act on behalf of the principal in all legal and financial matters.

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