n NISM Certifications
X NISM Series X
Medium

Who is the author of a trust?

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

Options

  1. The person who creates and appoints trustees

    Correct answer

  2. B

    The person who benefits from the trust

  3. C

    The person who advises on trust creation

  4. D

    The person who drafts the trust deed

Why this is the answer

The author, or settlor, is the person who declares the trust and appoints trustees to manage the trust property.

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