n NISM Certifications
X NISM Series X
Medium

What is a Probate?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A process of registering a Will

  2. An execution of Will under court order

    Correct answer

  3. C

    A special type of trust

  4. D

    None of the above

Why this is the answer

Probate is a court process that verifies the validity of a Will and authorizes the executor to administer the estate.

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