n NISM Certifications
VII NISM Series VII
Medium

Who must sign the authorization for a running account?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Authorized representative of client

  2. Only the client

    Correct answer

  3. C

    Power of attorney holder of client

  4. D

    None of the above

Why this is the answer

SEBI mandates that running account authorization must be signed only by the client, not by a POA holder.

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NISM Series VII Mock Test 2