NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam -08
NISM Series II B—Registrar and Transfer Agents (MF) Certification Exam—2008
Q 1. AMCs appoint _________ who sell the mutual fund units to investors on behalf of the mutual fund. (i) Fund Managers; (ii) Distributors
Only (i)
Only (ii)
Both (i) & (ii)
None of these
Q 2. AMCs can engage in business other than that of financial advisory and investment management. State True or False.
True
False
Cannot say
None of these
Q 3. AMCs should have a net worth of at least _____ at all times.
Rs. 25 crore
Rs. 50 crore
Rs. 75 crore
Rs. 100 crore
Q 4. An individual investor can register up to __________ bank accounts with a mutual fund.
3
5
7
10
Q 5. An investor wants to redeem 1000 units of ABC Mutual Fund, whose NAV is Rs. 40 per unit. If the exit load is 1 percent, calculate the redemption proceeds.
Rs.38,600
Rs. 39,600
Rs. 39,800
Rs. 40,000
Q 6. As per SEBI guidelines, the full trial model of commission is applicable for all mutual fund schemes __________. (i) except for New Fund Offers (NFO) (ii) except for Systematic Investment Plans (SIP)
Only (i)
Only (ii)
Both (i) & (ii)
None of these
Q 7. As per SEBI regulations, the dispatch date of SoA should not be later than ____ from the date of the transaction.
3 working days
5 working days
7 working days
15 working days
Q 8. Assume that the net assets of the fund are Rs. 500 crore. The unit capital (face value Rs. 10) is Rs. 200 crore. What is the NAV?
Rs. 20 per unit
Rs. 25 per unit
Rs. 30 per unit
Rs. 35 per unit
Q 9. Assume that the net assets of the fund are Rs. 800 crore. The unit capital (face value Rs. 10) is Rs. 400 crore. What is the NAV?
Rs. 15 per unit
Rs. 20 per unit
Rs. 25 per unit
Rs. 30 per unit
Q 10. At __________, an ongoing financial transaction in a mutual fund will be processed. (i) Face value; (ii) NAV
Only (i)
Only (ii)
Both (i) & (ii)
None of these
Q 11. At least _______ of members of the board of an AMC have to be independent.
25%
50%
75%
80%
Q 12. At least one-third of the members of the board of trustees have to be independent of the sponsor. State True or False.
True
False
Cannot say
None of the above
Q 13. Authorized capital is the minimum amount that can be issued or paid up. State True or False.
True
False
Cannot say
None of these
Q 14. Both debt and equity are reflected in the asset side of the balance sheet. State True or False.
True
False
Cannot say
None of these
Q 15. Calculate the redemption price based on the following data: NAV: Rs 320 Face Value - Rs 15 Exit Load? 1.25%
Rs. 305
Rs. 316
Rs. 400
Rs. 350
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