NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam -12
NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam -12
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Q 1. One should comply with the FATCA and CRS requirements in India because _______. (i) FPIs can invest in India only if these requirements are compiled (ii) India is a signatory to the inter-government agreements to combat tax evasion
Only (i)
Only (ii)
Both (i) & (ii)
None of these
Q 2. PoA holders of an MF investor cannot operate the bank account of the investor. State True or False.
True
False
Cannot say
None of these
Q 3. QRTAs shall maintain ______________ with a center situated at a location other than the primary processing location (off-site), which is capable of taking over operations without disruption in case of any service failure at the primary processing site.
Risk Management Policy
Business Continuity Plan
Wind-down plan
None of these
Q 4. Qualified RTAs are market intermediaries who service more than 2 crore folios. They are also referred to as the _______________.
Composite Infrastructure Institutions (CII)
Critical Infrastructure Institutions (CII)
Collective Infrastructure Institutions (CII)
Compounded Infrastructure Institutions (CII)
Q 5. R & T agent provides collection and payment services to mutual funds. State True or False.
True
False
Cannot say
None of these
Q 6. REITs are trusts registered with SEBI that invest in ________________.
Physical gold
Commercial real estate
Infrastructure
Pharmacy
Q 7. Retail investors use ___________ for their Systematic Investment Plans (SIPs).
By Cash
By ECS
By cheque
By NEFT
Q 8. A retirement fund has a lock-in period of _______.
3 years or until retirement age (whichever is earlier)
5 years or until retirement age (whichever is earlier)
7 years or until retirement age (whichever is earlier)
10 years or until retirement age (whichever is earlier)
Q 9. RTGS is used for transactions above ______________.
1 lakh
2 lakh
2.5 lakh
3 lakh
Q 10. SEBI has been assigned the powers of recognizing and regulating the functions of a stock market under the ___________.
IRDAI Act of 1999
Securities Contract Regulation Act
Capital Issues (Control) Act
All of these
Q 11. SEBI has been assigned the powers of recognizing and regulating the functions of a stock market under the ________________.
SEBI Act
Securities Contracts (Regulation) Act
SEBI (Prohibition of Insider Trading) Regulations
SEBI (Intermediaries) Regulations
Q 12. SEBI is advised to establish a clear, thorough and well-documented risk management policy on behalf of QRTAs. State True or False.
True
False
Cannot say
None of these
Q 13. SEBI regulations for AMCs require that AMCs should have a net worth of at least _________.
Rs. 30 Crore at all times
Rs. 50 Crore at all times
Rs. 59 Crore at all times
Rs. 65 Crore at all times
Q 14. STT on purchase of units of equity oriented mutual funds is payable by _______
broker
Purchaser
seller
exchange
Q 15. T-30 refers to the __________ and B-30 refers to __________ locations in India in terms of Asset Under Management (AUM)
Top 30 & Below bottom 30
Top 30 & Beyond Top 30
Target 30 & Big 30
Top 30 & Bottom 30