BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A nomination can be made only in favour of ____
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a bank
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spouse and children with guardian
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spouse and minor children
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parents, spouse and children
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any individual
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Explanation:
Detailed explanation-1: -Nomination can be done in favour of one person only. However, nomination in favour of more than one person (i.e. up to 2 persons) is permissible in jointly operated locker accounts with common consent. Nomination can be made, cancelled or varied by the account holder anytime during his/her life time.
There is 1 question to complete.