NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam - 6

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Q 1. The unit capital of a closed-ended mutual fund scheme is _____________.

Fixed

Flexible

Either (a) or (b)

None of these
 
Q 2. Upfronting of trail commission is allowed only in case of inflows through SIPs. State True or False.

True

False

Cannot say

None of these
 
Q 3. What is it? Credit event? in the context of Segregated Portfolios?

A downgrade of the debt instrument below investment grade by SEBI-registered Credit Rating Agency

Upgrade of a debt instrument below investment grade by SEBI-registered Credit Rating Agency

The company takes a generous loan

Date of payment of principal amount and interest for a debt instrument held in a segregated portfolio
 
Q 4. What is the current rate of STT on the sale of units of an equity-oriented mutual fund to another mutual fund?

0.00%

0.00%

0.03%

0.05%
 
Q 5. What is the current rate of STT on the sale of units of equity-oriented mutual funds (delivery-based)?

0.00%

0.00%

0.03%

0.05%
 
Q 6. What is the difference between preference shares and debt?

A preference share is a share

A preference share pays cash

A preference share does not have a fixed maturity

None of these
 
Q 7. When SDRs are issued in India and listed on stock exchanges in India with foreign stocks as underlying shares, these are called __________________

Indian Depository Receipts (IDRs)

American Depository Receipts (ADRs)

Global Depository Receipts (GDRs)

New York Depository Receipts (NDRs)
 
Q 8. Which bond provides the investor with the right to seek redemption from the issuer before the maturity date? (i) Non-Callable Bond (ii) Flexi Bond

Only (i)

Only (ii)

Both (i) & (ii)

None of these
 
Q 9. Which of the following is true regarding the current yield of a bond?

Current yield simply compares the coupon of a bond with its market price.

The coupon of the bond is divided by its face value.

the coupon of the bond multiplied by its face value

None of these
 
Q 10. Which of the following equity funds is the least risky fund?

Large-cap funds

Mid-cap funds

Small-cap funds

Sector funds
 
Q 11. Which of the following is the correct statement?

In case there is a change in the authorized signatories of an institutional investor, then this change should be communicated to the RTA along with the copy letter from the Managing Director.

In case there is a change in the authorized signatories of an institutional investor, then this change should be communicated to the RTA along with the bank manager's attestation.

In case there is a change in the authorized signatories of an institutional investor, then this change should be communicated to the RTA along with the notarized copy of the change.

All of above 

 
Q 12. Which of the following is not included in the net assets of a mutual fund? (i) Unit capital; (ii) Cash in hand

Only (i)

Only (ii)

Both (i) & (ii)

None of these
 
Q 13. Which of the following is the new name for the Dividend Payout option?

Payout of income distribution cum capital withdrawal option

Re-investment of income distribution cum capital withdrawal option

Transfer of Income distribution cum capital withdrawal plan

None of these
 
Q 14. Which of the following is true regarding the bonus issue?

A company may issue additional shares to existing shareholders without any capital contribution from the shareholders based on the number of shares an investor holds.

A company cannot issue additional shares to existing shareholders without any capital contribution from the shareholders based on the number of shares an investor holds.

A company will never issue additional shares to existing shareholders without any capital contribution from the shareholders based on the number of shares an investor holds.

None of these
 
Q 15. Which of the following is true regarding mutual funds?

Mutual funds may be structured either as a company or as a trust.

Mutual funds may be structured either as a company or as a partnership firm.

Mutual funds may be structured either as a company or as an association of persons.

Mutual funds may be structured either as a company or as a proprietorship firm.


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