'/><rect width='800' height='360' fill='url(%23dots)'/><g transform='translate(200 70)'><g><rect x='0' y='180' width='400' height='30' rx='4' fill='%23ffffff' fill-opacity='0.5'/><rect x='10' y='150' width='380' height='30' rx='4' fill='%23ffffff' fill-opacity='0.65'/><rect x='-10' y='120' width='420' height='30' rx='4' fill='%23ffffff' fill-opacity='0.8'/><rect x='30' y='184' width='40' height='4' rx='2' fill='%23FF801E' fill-opacity='0.7'/><rect x='40' y='154' width='60' height='4' rx='2' fill='%23FF801E' fill-opacity='0.5'/><rect x='20' y='124' width='50' height='4' rx='2' fill='%23FF801E' fill-opacity='0.6'/></g><g transform='translate(60 30)'><path d='M 0 80 L 0 10 Q 140 -10 140 10 L 140 80 Q 70 70 0 80 Z' fill='%23ffffff' fill-opacity='0.95'/><path d='M 280 80 L 280 10 Q 140 -10 140 10 L 140 80 Q 210 70 280 80 Z' fill='%23ffffff' fill-opacity='0.95'/><line x1='140' y1='15' x2='140' y2='75' stroke='%23FF801E' stroke-opacity='0.3' stroke-width='1.5'/><g stroke='%23FF801E' stroke-opacity='0.4' stroke-width='2' stroke-linecap='round'><line x1='20' y1='28' x2='110' y2='25'/><line x1='20' y1='42' x2='110' y2='40'/><line x1='20' y1='56' x2='80' y2='54'/><line x1='170' y1='25' x2='260' y2='28'/><line x1='170' y1='40' x2='260' y2='42'/><line x1='170' y1='54' x2='220' y2='56'/></g></g></g></svg>)
Options
- A
The folio will be cancelled and the amount refunded
- B
The units will be transferred to nominee(s)
- C
The units will be transferred to the heir of the deceased holder
-
The units will continue to be held by surviving joint holders
Correct answer
Why this is the answer
In the case of the death of one of the joint holders, the surviving holder(s) will continue to hold the units in the folio. If there is a nominee, the units may be transferred to the nominee upon due process.
Test yourself for real
Take a full NISM Series V-A mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.