NISM Series II B - Registrar and Transfer Agents (MF) Certification Exam -17
NISM Series II B: Registrar and Transfer Agents (MF) Certification Exam -17
Q 1. AMCs can be structured as ___________ limited companies. (i) Private (ii) Public
Only (i)
Only (ii)
Both (i) & (ii)
None of these
Q 2. An equity share of a company with a face value of Rs 16 and a market price of Rs 90 declares a 26 percent dividend. What is the dividend the investor will get?
Rs. 3.33
Rs. 4.95
Rs. 4.16
Rs. 2.18
Q 3. An investor wants to redeem 100 units of ABC Mutual Fund, whose NAV is Rs. 140 per unit. If the exit load is 1 percent, calculate the redemption proceeds.
Rs. 10,500
Rs. 12,540
Rs. 13,860
Rs. 14,540
Q 4. Compared to non-convertible debentures, convertible debentures usually have _______ interest rates.
very high
moderately high
lower
nil
Q 5. As per Sec 80 C of the Income Tax Act, __________ is the maximum amount that can be invested in an ELSS to claim tax benefits.
RS. 5000
Rs. 50000
Rs. 150000
Rs. 120000
Q 6. Associations of persons are associations set up by individuals to undertake a set of activities as defined by the terms of their _______.
Action
Feat
Charter
Memorandum
Q 7. Assume that the net assets of the fund are Rs—700 crore. The unit capital (face value Rs. 10) is Rs. 200 crore. What is the NAV?
Rs. 25 per unit
Rs. 30 per unit
Rs. 35 per unit
Rs. 40 per unit
Q 8. At ______________ do the purchase and redemption transactions happen during the ongoing offer period?
SFO prices
NFO prices
NAV-related prices
None of these
Q 9. Before offering an offer document to an investor, it needs to be ___________ by SEBI.
inspected
error corrected
approved
validated
Q 10. Calculate the dividend declared per share based on the following data: Face Value of share: Rs 120 Market Price of Share: Rs 360 Dividend declared: 15%
Rs. 15
Rs. 54
Rs. 18
Rs. 120
Q 11. Choose the correct statement. (i) A Commercial paper is a short-term debt instrument. (ii) Dated government securities are long-term bonds.
Only (i)
Only (ii)
Both (i) & (ii)
None of these
Q 12. Choose the correct statement. (i) The RTA can transfer the dividend by NEFT. (ii) The RTA can transfer the dividend by RTGS.
Only (i)
Only (ii)
Both (i) & (ii)
Neither (i) nor (ii)
Q 13. Equity shares are offered to investors for the first time through ____________.
New fund offer
Initial Funding Offering
Initial Public Offering
Exchange Traded Funds
Q 14. For the open-ended and interval schemes, the SID has to be updated within __________.
next two months
next three months
next six months
next nine months
Q 15. Foreign Currency Convertible Bonds (FCCB) are issued by ______________________ and subscribed to by the investors in __________ currency.
Foreign companies, Indian
Indian companies, Indian
Indian companies, foreign
Foreign companies, foreign