n NISM Certifications
NSM General NISM
Medium

Is it compulsory for a client to execute a Power of Attorney (PoA) in favor of a stockbroker?

Practice question from NISM Series I - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Mandatory

  2. B

    Mandatory at the time of KYC

  3. Optional

    Correct answer

  4. D

    Not applicable

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full General NISM mock test.

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