n NISM Certifications
XVII NISM Series XVII
Medium

Which statement about 'Power of Attorney' (POA) is FALSE?

Practice question from NISM Series XVII- Retirement Adviser Mock Test 8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Both parties to the POA should have attained majority

  2. POA is a process of mutation

    Correct answer

  3. C

    POA authorizes another person to act on behalf of the principal

  4. D

    None of the above are false

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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