'/><rect width='800' height='360' fill='url(%23dots)'/><g transform='translate(120 80)'><g stroke='%23ffffff' stroke-opacity='0.2' stroke-width='1'><line x1='0' y1='40' x2='560' y2='40'/><line x1='0' y1='100' x2='560' y2='100'/><line x1='0' y1='160' x2='560' y2='160'/></g><g fill='%23ffffff' fill-opacity='0.35'><rect x='10' y='140' width='30' height='40' rx='3'/><rect x='60' y='120' width='30' height='60' rx='3'/><rect x='110' y='100' width='30' height='80' rx='3'/><rect x='160' y='80' width='30' height='100' rx='3'/><rect x='210' y='60' width='30' height='120' rx='3'/><rect x='260' y='40' width='30' height='140' rx='3'/><rect x='310' y='30' width='30' height='150' rx='3'/><rect x='360' y='20' width='30' height='160' rx='3'/></g><path d='M 25 150 Q 125 110 175 95 T 325 35 L 395 15' fill='none' stroke='%23ffffff' stroke-width='5' stroke-linecap='round'/><circle cx='395' cy='15' r='12' fill='%23ffffff'/><circle cx='395' cy='15' r='6' fill='%23FF801E'/><g transform='translate(460 -10)' fill='%23ffffff' fill-opacity='0.85'><path d='M 0 30 L 30 0 L 60 30 L 45 30 L 45 70 L 15 70 L 15 30 Z'/></g></g></svg>)
Options
- A
Trustee
-
Beneficiary
Correct answer
- C
Prosecutor
- D
Executor
Why this is the answer
The beneficiary is the person for whom the trust property is held and who benefits from the trust. The trustee manages the trust for the benefit of the beneficiary.
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.