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