n NISM Certifications
X NISM Series X
Medium

Among estate planning tools, the most basic legal instrument is the Will, which explicitly states how an individual’s assets will be distributed after death.

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Power of Attorney

  2. B

    Trust Deed

  3. Will

    Correct answer

  4. D

    None of the above

Why this is the answer

A Will is the fundamental legal document that designates asset inheritance and ensures the distribution aligns with the testator's wishes.

Test yourself for real

Take a full NISM Series X mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.