NISM Series II B - Registrar and Transfer Agents (MF) Certification Paper 14

 75
Q1.The short-term capital gains tax for the debt fund is ____.
 10%
 15%
 investor’s marginal tax rate
 NIL
 
Q2.The value AUM changes every time there is a change in the market price of the securities that a mutual fund holds - State True or False?
  True
  False
 
Q3.Units of ___ can be purchased during an NFO.
 Equity Linked Saving Scheme
Open-Ended Funds
 Close Ended Funds
 All of the above
 
Q4.Usually, a mutual fund has a ____ which is Rs 10.
 Redemption price
 NAV
 Face Value
 Stated Value
 
Q 5.Usually there are no IPO's of a preference share issue but they are placed privately - State True or False?
  True
  False
 
Q6.When an investor changes his option from dividend to growth, it's a ___.
 financial transaction
 non-financial transaction
 banned transaction
 special transaction
 
Q7.Which type of share issue will not change the investor's proportionate holding in the company?
 IPO
 Preference Share issue
 Rights issue
 Public issue
 
Q8.Why is a Time Stamp very important and critical in a mutual fund transaction?
The NAV depends on the timestamp
 Its a proof of receipt of purchase or redemption
It's mandatory as per RBI guidelines
It meant to control the activities at ISCs
 
Q9.Why was the 'Investor Education and Protection Fund' - IEPF created?
Forgiving awards to companies who protect and educate their investors
 This fund goes to SEBI to be used for investor protection
 for training and development of securities market expert
 For promoting investor awareness and protecting their interests
 
Q10.____ are considered as a Retail Investor in Mutual Funds.
 Partnership Firms
 NRIs
 Trusts
 Societies

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