NISM Series II B - Registrar and Transfer Agents (MF) Certification Paper11
| Q1.Entry load ____ the price at which an investor buys units. |
| decreases |
| increases |
| Rs. 100 |
| Traded price |
| Q2.As minors are not authorized to conduct mutual fund transactions, they have to do it through their ____. |
| parents |
| legal representatives |
| maximum two |
| maximum three |
| Q3.All the constituents of a mutual fund like the Custodian, R&T Agent, Distributors, etc. have to ___. |
| reputed companies or individuals |
| associates of sponsors |
| On the allotment date |
| When AMC starts its activities |
| Q4.Entry load is a percentage of the ____. |
| AUM |
| NAV |
| debtors of the company |
| creditors of the company |
| Q 5.In an Open-Ended Fund, the investors can _____. |
| invest only at NFO but redeem anytime |
| invest at NFO and redeem on maturity |
| Service Transaction Tax |
| Sale Transaction Tax |
| Q6.What is the tax rate on short term capital gains on debt funds ? |
| 10% |
| 15% |
| T+1, T+2 |
| T+1, T |
| Q 7. An investor receives Rs 1000 as a dividend. At what rate will it be taxed? |
| Dividends are taxed at 10% |
| Dividends are taxed at 12.5% |
| Bank managers attestation |
| Copy of account statement |
| Q 8.A person who has stayed in India for at least ___ days in a financial year is considered a Resident. |
| 365 |
| 150 |
| holder |
| principal |
| Q 9.Why do investors in convertible debentures accept a lower coupon rate? |
| As there is very low credit risk |
| As the interest rates can rise in the future |
| SEBI |
| Investors in the mutual fund |
| Q10.In a Systematic Transfer Plan, the funds are transferred from __. |
| one mutual fund to another mutual fund |
| one broker to another broker |
| Company Secretary |
| SEBI |