n NISM Certifications
V-A NISM Series V-A
Medium

A folio held by a _______ CANNOT have a nominee.

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Minor

  2. B

    Trust

  3. C

    Registered Company

  4. All of the above

    Correct answer

Why this is the answer

Only individual investors can make nominations. Trusts and registered companies cannot have nominees, and minors are not allowed to make a nomination.

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