n NISM Certifications
X NISM Series X
Medium

Is the 'Clubbing' provision applicable to family settlements?

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

Options

  1. A

    Yes

  2. No

    Correct answer

Why this is the answer

Clubbing provisions generally do not apply to family settlements, which are legal arrangements to resolve property disputes without tax implications.

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.