NISM Series XIX-C AIF Managers Certification Exam - 22
NISM Series XIX-C AIF Managers Certification Exam - 22
Q 1. What is the primary objective of the agreement between India and the United States under FATCA?
a) Prevent offshore tax abuse by Indian citizens
b) Exchange financial information between India and the United States
c) Provide tax exemptions for high net-worth individuals
d) None of the above
Q 2. What activities are Social Impact Funds permitted to engage in about grants?
a) Giving profits or gains to the provider of the grants
b) Giving grants to individuals only
c) Utilizing grants without any conditions
d) Giving grants to government organizations
Q 3. What happens if an AIF wants to extend its tenure beyond the initial period?
a) You must seek approval from SEBI
b) It must liquidate immediately
c) It must seek approval from two-thirds of the unit holders
d) You must seek approval from the Ministry of Finance
Q 4. 4 What type of instruments are included in the category of 'debt instruments' under the amended FEMA regulations?
A) Investments in equity instruments of incorporated entities
B) Capital participation in limited liability partnerships (LLPs)
C) Government bonds
d) Depository receipts issued against equity instruments
Q 5. What is the primary intention of angel investors when investing in start-up ventures?
a) Long-term ownership
b) Quick returns
c) Asset liquidation
d) Venture control
Q 6. What is the permissible legal structure for an AIF under SEBI (Alternative Investment Funds) Regulations?
A) Sole Proprietorship
B) Partnership Firm
C) Limited Liability Partnership
d) All of the above
Q 7. What is the primary focus of the Foreign Venture Capital Investment (FVCI) route?
a) Short-term speculative investments
b) Venture capital investments in eligible unlisted Indian companies
c) Real estate investments in India
d) None of the above
Q 8. What defines early-stage investment experience for an individual angel investor?
a) Any investment experience
b) Experience in investing in mature companies
c) Prior experience in investing in start-ups or emerging ventures
d) Investment experience in real estate only
Q 9. What is the minimum net worth requirement for a body corporate to qualify as an angel investor?
a) INR 2 crore
b) INR 5 crore
c) INR 7 crore
d) INR 15 crore
Q 10. What was the initial form of venture capital financing post the Industrial Revolution?
a) Institutional financing
b) Bank loans
c) Venture capital from wealthy individuals
d) Corporate bonds
Q 11. What are the primary ways investors in art and painting earn returns?
a) Regular income payments
b) Capital appreciation
c) Dividend payouts
d) Stock dividends
Q 12. What type of knowledge is crucial for making rewarding investment decisions in art and paintings?
a) Financial expertise
b) Understanding of macroeconomics
c) Specialized knowledge in arts
d) Legal knowledge
Q 13. What challenges do asset allocators face in the 21st century regarding portfolio management?
a) Generating guaranteed returns
b) Including alternative investments across markets and asset classes
c) Excluding alternative investments
d) Avoiding economic challenges
Q 14. What types of investors are typically attracted to Infrastructure Investment Trusts (InvITs)?
a) Speculative traders
b) Short-term investors
c) Pension funds and insurance companies
d) Private equity firms
Q 15. What is one of the benefits of seeking advice from SEBI Registered Investment Advisers (RIAs)?
a) Guaranteed investment returns
b) High-risk investment recommendations
c) Discipline in investment decisions
d) Lower investment fees
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