SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 86. Who is the principal in a power of attorney arrangement?
- A person acting on behalf of another
- The person who grants the power to act
- A legal advisor
- An insurance agent
Q 87. What is the role of a nominee in estate planning?
- To inherit assets
- To manage the estate
- To act as a custodian of assets
- To resolve legal disputes
Q 88. What is required annually for pensioners to continue receiving their pension?
- A new power of attorney
- A financial review
- Submission of a 'Life Certificate'
- An insurance policy renewal
Q 89. What happens if a deceased person does not make a will?
- Assets are automatically transferred to the government
- Assets are distributed as per the deceased’s wishes
- Assets are distributed according to personal laws
- No action is taken