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

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