n NISM Certifications
X NISM Series X
Medium

What is a 'Will'?

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 document specifying distribution of property after death

    Correct answer

  2. B

    A court-ordered execution of a Will

  3. C

    A type of trust

  4. D

    A legal testimony

Why this is the answer

A Will is a legal declaration of how a person’s assets should be distributed posthumously.

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