Options
- A
Irrevocable
- B
Easily revocable
-
Usually irrevocable unless the donee agrees to revoke
Correct answer
- D
Revocable if the donor's family consents
Why this is the answer
Gifts are typically considered irrevocable, but they can be revoked if the donee consents, depending on circumstances.
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.