NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam -14

Find More Mock Tests Here

Q 1. Turn Around Time (TAT) for mutual fund schemes (other than the IPO of ELSS) to remain open for subscription is a maximum of ___________.

7 days

15 days

21 days

30 days
 
Q 2. Under which fund do bonds, Commercial Papers, and debts come? (i) Equity Capital (ii) Debt Capital

Only (i)

Only (ii)

Both (i) & (ii)

Neither (i) nor (ii)
 
Q 3. Unit capital of a mutual fund scheme denotes the _____________

face value of its corpus

the total value of its corpus

the unit value of its corpus

None of these
 
Q 4. unit capital of an open-ended mutual fund scheme is _____________.

Fixed

Flexible

Either (a) or (b)

None of these
 
Q 5. Unrated instruments are more liquid than rated instruments. State True or False.

True

False

Cannot say

None of these
 
Q 6. Upfront of trail commission means ____________.

Received of commission

Payment of expected future trail commission upfront at the time of transaction.

Payment of outstanding trail commission upfront at the time of transaction.

None of these
 
Q 7. What is the full form of NIGO?

Never in Guilty Order

Not in Good Order

Not in Good Offer

New Investor-Generated Option
 
Q 8. What is the maximum tenor of Fixed Maturity Plans (FMPs)?

3 years

5 years

7 years

10 years
 
Q 9. What is the net worth requirement for a Category II applicant?

Rs. 10 lakh

Rs. 25 lakh

Rs. 30 lakh

Rs. 50 lakh
 
Q 10. When a/an___________ applies for units either during NFO or during the continuous offer, it is termed a ''fresh purchase'' of mutual fund units.

referred investor

New Investor

existing NRI

existing investor
 
Q 11. When investors buy closed-end funds from the mutual fund?

During the Manager's meeting

During NFO

During the continuous offer

Never
 
Q 12. Which of the following is incorrect? (i) Preference shareholders have a preference in the payment of dividends over ordinary equity shares and the return of capital if the company is wound up. (ii) Preference Shareholders have a preference in the

Only (i)

Only (ii)

Both (i) & (ii)

None of these
 
Q 13. Which of the following best describes the FRE? (i) These expenses are incurred by the Fund Managers (ii) These expenses are incurred to manage the fund

Only (i)

Only (ii)

Both (i) & (ii)

None of these
 
Q 14. Which of the following functions of an Asset Management Company (AMC) cannot be outsourced?

Operations

Fund management

Customer service

Finance and accounts
 
Q 15. Which of the following is allowed by SEBI (Mutual Fund) Regulations? (i) Third-party checks for the purchase of mutual fund units. (ii) Listing of closed-ended mutual funds on stock exchanges.

Only (i)

Only (ii)

Both (i) & (ii)

None of these

Find More Mock Tests Here