n NISM Certifications
V-A NISM Series V-A
Medium

The form for registering a change in the default bank account has to be signed _____.

Practice question from Nism VA Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    by the first holder only

  2. B

    by all the holders of the folio

  3. according to the mode of holding of the folio

    Correct answer

  4. D

    by all the holders of the bank account

Why this is the answer

The form for changing the default bank account must be signed according to the mode of holding of the folio (whether single, joint, etc.).

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