n NISM Certifications
X NISM Series X
Medium

Who among the following can legally execute a Power of Attorney?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Tushar, aged 16

  2. B

    Mandy, aged 50 but insane

  3. Miss Meena, aged 37

    Correct answer

  4. D

    None of the above

Why this is the answer

A person must be at least 18 years old and of sound mind to execute a valid Power of Attorney, which applies to Miss Meena.

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