NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam - 5
NISM Series II B—Registrar and Transfer Agents (MF) Certification Exam—5
Q 1. The Direct Plans have a lower expense ratio because ________.
there are no distribution expenses
there are high distribution expenses
there are no management fees
none of these
Q 2. The ETFs can be bought and sold through ________.
Stock exchange
Mutual Fund agents
AMCs directly
RBI
Q 3. The function of a Custodian of a mutual fund is not to _____. (i) issue and redeem units of a mutual fund; (ii) do valuation of securities held by the mutual fund
Only (i)
Only (ii)
Both (i) & (ii)
Neither (i) nor (ii)
Q 4. The funds that can invest in the broad equity markets without any restrictions are ________. (i) Diversified Funds (ii) Sectoral Funds
Only (i)
Only (ii)
Both (i) & (ii)
Neither (i) nor (ii)
Q 5. The ''Investor Education and Protection Fund'' (IEPF) was created ______________.
to promote investor awareness and protect their interests
for the training and development of securities market experts
both a & b
None of these
Q 6. The investors are the ________ of the investments held by the trust.
Beneficial owner
Registered owner
Sole owner
None of these
Q 7. The market value of the securities of a mutual fund scheme is Rs. 300 lakh. The scheme expenses are Rs. 50 lakh. The mutual fund issues 10 lakh units of Rs. 10 each to its investors. Calculate the NAV per unit of the fund ________
Rs. 25
Rs. 35
Rs. 45
Rs. 55
Q 8. The minimum investment in equity and equity-related instruments of mid-cap companies in the Midcap fund shall be ____________ of total assets.
65%
70%
75%
80%
Q 9. The minimum investment in equity and equity-related instruments of small-cap companies in small-cap fund shall-be___________
65% of total assets
70% of total assets
75% of total assets
80% of total assets
Q 10. The NAV is calculated up to _____ places for equity-oriented mutual funds.
2 decimal
3 decimal
4 decimal
6 decimal
Q 11. The NAV of a fund reflects the current value of its __________.
Investment Portfolio
assets
Market Operations
Unit Capital
Q 12. The NAV of an ETF changes on _______.
real-time-basis
daily basis
weekly basis
fortnightly basis
Q 13. The NAV of the fund is Rs 25 and there is no exit load. The redemption price will be _____.
Same for NAV
Rs. 12.5
Rs. 23.25
Rs. 5
Q 14. The purchasing scheme is called _________. (i) Target Scheme (ii) Source Scheme
Only (i)
Only (ii)
Both (i) & (ii)
Neither (i) nor (ii)
Q 15. The RBI, as the manager of public debt, is responsible for the primary issue of _____. (i) Government Securities (ii) Bonds of Unicorn Companies (iii) All taxable bonds
Only (i)
Only (iii)
Only (ii) & (i)
Only (ii) & (iii)
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