NISM Series II B - Registrar and Transfer Agents (MF) Certification Paper 08
| Q1.To whom is the Statement of Accounts sent? |
| Only to the first holder |
| To all the joint holder |
| Its the amount collected during the NFO |
| Its the minimum amount which needs to be maintained in a portfolio |
| Q 2.Transactions can be processed only the next day based on the NAV of __. |
| T+3 day |
| T+2 day |
| They have illiquid stocks |
| They invest only in IPOs |
| Q3.The ____ determines the time it takes for the funds to move out of the payer’s account into the account of the beneficiary. |
| clearing process |
| efficiency of the staff |
| Rs.76.50 |
| Rs.77 |
| Q4.The source of funds has to be clearly shown while giving payment instructions by an NRI - State True or False? |
| True |
| False |
| redeemable |
| Flexi |
| Q 5.__ is allowed by SEBI (Mutual Fund ) Regulations. |
| Double taxation of dividend |
| Listing of close-ended mutual funds on stock exchanges |
| Indian companies |
| All of the above |
| Q6.What is the Asset Under Management (AUM) of a fund? |
| It the total amount of funds contributed by investors |
| It's the current market value of the portfolio |
| Rs 18 |
| Rs 19.80 |
| Q 7.Why are Sector Funds risky? |
| They buy unlisted stocks |
| They have a portfolio of stocks concentrated in a particular sector |
| By RTGS |
| By ECS |
| Q8.Calculate the redemption price if the NAV is Rs. 75 and the exit load is 2%. |
| Rs.73 |
| Rs.73.50 |
| Account number, bank name, and branch details |
| Account statement copy |
| Q9.Bonds that provide the investor with the right to seek redemption from the issuer, prior to the maturity date, are called ___ bonds. |
| callable |
| puttable |
| At all back offices |
| Only at the AMC office |
| Q10.Who can be the Sponsors of Indian Mutual Funds? |
| Foreign entities |
| Banks or financial institutions |
| Close-ended schemes |
| None of the above |