n NISM Certifications
NSM General NISM
Medium

Execution of Power of attorney by the client in favour of stock broker is _________.

Practice question from NISM Series IV - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Mandatory at order placement

  2. B

    Mandatory at KYC

  3. Optional

    Correct answer

Why this is the answer

PoA is optional; clients can trade without it.

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