NISM Series II B - Registrar and Transfer Agents (MF) Certification Paper 05

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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
 

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