n NISM Certifications
X NISM Series X
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For a small business owner like Mukesh, which planning is equally vital?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Succession planning

  2. B

    Estate planning

  3. Both succession and estate planning

    Correct answer

  4. D

    Neither is necessary

Why this is the answer

Both ensure smooth business transition and proper asset distribution, making them equally essential for business owners.

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