NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam - 2

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Q 1. A Power of Attorney holder can also nominate on the investor's behalf. State True or False.

True

False

Cannot say

None of these
 
Q 2. A preference shareholder is a _____________ of the company.

Shareholder

Credit

Both (a) & (b)

None of these
 
Q 3. A preferential issue dilutes the proportionate rights of existing shareholders. State True or False.

True

False

Cannot say

None of these
 
Q 4. A redeeming scheme in a switch is called ___________.

Source scheme

Target scheme

Final scheme

Initial scheme
 
Q 5. A sponsor cannot be the custodian of the same fund. State True or False.

True

False

Cannot say

None of these
 
Q 6. A switch between a dividend and growth option, even if done within the same scheme is deemed as a __________.

Financial transaction

Commodity transaction

Non-financial transactions

None of these
 
Q 7. All AMCs are members of the _____________.

AMFI

Trustees

Sponsors

SEBI
 
Q 8. All mutual fund constituents, such as custodians, R&T agents, bankers, and brokers, get their remuneration in the form of _______.

fees

profit margin

Commission

none of these
 
Q 9. AMCs generally send a copy of the __________ to the Investor Service Centers for the information of investors.

Addendum

Circular

Letter

Notice
 
Q 10. As per SEBI regulations, a document evidencing the purchase and its corresponding payment instrument should have the same time stamp serial number. State True or False.

True

False

Cannot say

None of the above
 
Q 11. Calculate the NAV per unit if the net assets of the funds are Rs 550 crore and the number of units outstanding is 11 crore.

Rs. 50

Rs. 539

Rs. 11

Rs. 550
 
Q 12. Cheques have to be drawn on the name of the __________ when investing in a mutual fund. (i) mutual fund scheme; (ii) collecting bank

Only (i)

Only (ii)

Both (i) & (ii)

None of these
 
Q 13. Choose the correct option.

The portion of authorized capital that has been issued to investors is called Issued capital.

The portion of authorized capital that has been issued to investors is called Allowed capital

The portion of authorized capital that has been issued to investors is called promoter capital.

The portion of authorized capital that has been issued to investors is called Paid-up capital.
 
Q 14. Choose the correct statement.

The payment of interest and repayment of principal, in the case of a Foreign Currency Convertible Bond (FCCB), is in foreign currency.

The payment of interest and repayment of principal, in the case of a Foreign Currency Convertible Bond (FCCB), is only in Australian currency.

The payment of interest and repayment of principal, in the case of a Foreign Currency Convertible Bond (FCCB), is only in Indian currency.

The payment of interest and repayment of principal, in the case of a Foreign Currency Convertible Bond (FCCB), is only in European currency.
 
Q 15. Choose the correct statement. (i) All the constituents of a mutual fund, like the custodian, R&T agent, distributors, etc., have to be registered with SEBI. (ii) All the constituents of a mutual fund, like the Custodian, R&T Agent, Distributors, etc.

Only (i)

Only (ii)

Both (i) & (ii)

None of these

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