NISM Series II B - Registrar and Transfer Agents (MF) Certification Paper 05
| Q1.Inflow and outflow resulting from transactions is reported to the ___ |
| Custodian |
| IS |
| AMC Treasury |
| Bankers |
| Q2.Investments made from NRO accounts ___. |
| Are from funds earned abroad |
| Cannot be repatriated freely on redemption |
| Can be repatriated freely |
| Are dollar accounts |
| Q3.Investments made from NRO accounts can be repatriated freely - State True or False? |
| True |
| False |
| Q4.IRDA regulates the activities of the insurance industry only - State True or False? |
| True |
| False |
| Q5.KYC norms have to be fulfilled before opening __. |
| Demat Account |
| Trading Account |
| Bank Account |
| All of the above |
| Q6.Liquid funds generally invest in debt securities that have a maturity of one year or more - State True or False? |
| True |
| False |
| Q7.Mr. A has invested Rs 10000 in a mutual fund scheme and received 1000 units. He now wants to redeem 30% of the units. Can he do it? |
| Yes |
| No |
| Q8.Mr. Suresh is an existing investor in a mutual fund scheme. He makes new purchases but does not quote his folio number. What happens in this case? |
| The application of Mr. Suresh will be rejected |
| The mutual fund will search for his folio number and add the units accordingly |
| A new folio will be created |
| Mr. Suresh will be asked to furnish more information |
| Q9.Mutual funds have to obtain SEBI approval __. |
| after they set up their business. |
| during their setting up of business. |
| before they set up their business. |
| Any time |
| Q10.Mutual funds may be structured either as a company or as a ____. |
| Proprietorship firm |
| Association of persons |
| Partnership firm |
| Trust |