The correct statement regarding `Exit Poll` is:

`Exit Poll` is a term used to denote a post-election survey of voters regarding the candidate in whose favor they had exercised their franchise.

Exit polls are surveys conducted with voters as they exit polling stations after casting their votes. The purpose of exit polls is to gather information on voter preferences and behavior, including the candidate or party they voted for. This data is then analyzed to provide insights into voter patterns and potential election outcomes.

It`s important to note that `Exit Poll` and `Opinion Poll` are not the same. Opinion polls are conducted before elections to gauge public opinion and voter preferences, while exit polls are conducted after voters have cast their ballots.

Therefore, the correct statement is: `Exit Poll` is a term used to denote a post-election survey of voters regarding the candidate in whose favor they had exercised their franchise.