n NISM Certifications
XVII NISM Series XVII
Medium

A nominee acts as a trustee who holds the funds on behalf of the legal heirs after the death of the investment holder.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A manager of the investment

  2. B

    A legal heir of the investment on the death of the holder

  3. C

    A joint holder in the investment

  4. A trustee who will hold the funds for the legal heirs

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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