NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam - 3
NISM Series II B—Registrar and Transfer Agents (MF) Certification Exam—3
Q 1. The first holder of a mutual fund folio cannot be the guardian of a minor nominee for that folio. State True or False.
True
False
Cannot say
None of these
Q 2. Funds brought in as loan is called ______________.
Debt capital
Initial capital
Equity capital
None of these
Q 3. Gold ETF allows investors to buy gold in quantities as low as _______.
1gm
5gms
10gms
20gms
Q 4. The higher the credit rating, the lower the risk of default. State True or False.
True
False
Cannot say
None of these
Q 5. How many collecting banks can be appointed by a mutual fund scheme?
one or more
maximum four
maximum of two
only one
Q 6. In a closed-ended fund, purchase and redemption transactions from the fund are not allowed post-NFO. State True or False.
True
False
Cannot say
None of these
Q 7. In a closed-ended fund, the number of units is fixed after the NFO. State true or false.
True
False
Cannot say
None of these
Q 8. In a Switch transaction, the switch-in leg is treated as _____.
Purchase
Redemption
Sell
None of these
Q 9. In the case of debt funds, STCG is taxed at ___________.
the applicable rate of tax for the investor
12.50%
18%
25%
Q 10. For index-based ETFs, portfolio disclosure is done on ___________
Daily basis
Weekly basis
Fortnightly basis
Monthly basis
Q 11. In minor accounts, the guardian plays a role similar to a PoA holder acting on behalf of the minor. State True or False.
True
False
Cannot say
None of these
Q 12. To complete the electronic transfer of funds, investors must know _______.
the bank account number
the bank address
the manager's contact details
the bank branch
Q 13. Instruments that have the advantage of both equity and debt are __________.
Convertible Debenture
Non Convertible Debenture
Deep Reduction Bond
Callable Bond
Q 14. Intra-day trading is not possible in the case of open-ended mutual funds. State True or False.
True
False
Cannot say
None of these
Q 15. Investments by minors cannot have a nomination. State True or False.
True
False
Cannot say
None of these
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