NISM Series V A Mutual Fund Distributors Paper 04
| Q1.Which of these is NOT a function of SEBI? |
| Giving approvals to the appointment of fund managers |
| Making regulations for the Mutual Fund industry |
| Regulating Stock Exchanges |
| Enforcing compliance with its regulations |
| Q2.Which of these assets has the highest risk of loss through theft? |
| Real Estate |
| Commercial papers |
| Shares and Debentures |
| Gold |
| Q3.What is the 'Goal-Based approach to Financial Planning' focused on? |
| To generate a limited amount of money |
| An investment plan which is focused on a specific goal |
| An investment plan with a specific risk profile |
| A specific option of investment |
| Q4.Which of these funds are suitable for investors who have a long-term investment horizon and are looking for growth? |
| Income Funds |
| Long duration funds |
| Equity funds |
| Liquid funds |
| Q5.Long-term capital loss from an investment can be set off against __. |
| short term capital gains only |
| short term capital gain or long term capital gain |
| long term capital gains only |
| long term capital loss cannot be set off |
| Q6.As per the SEBI guidelines, how often should the mutual fund scheme’s portfolio be published? |
| Monthly |
| Half-yearly |
| Annually |
| Quarterly |
| Q7.Can the fundamental attributes of the scheme be changed? If yes - how? |
| Yes- but with the consent of 100% of the unitholders |
| Yes - with the permission of SEBI and AMFI |
| Yes - but this should be communicated to unitholders who should be provided an option to exit the scheme |
| No - the fundamental attributes cannot be changed as it is based on these attributes that investors have invested their money |
| Q8.Long-term capital gains are NOT taxed in which of these funds? A. Balanced Advantage Funds B. Balanced Funds C. Diversified Equity Funds |
| Both A and B |
| Only C |
| Only A |
| Capital gains from all types of mutual funds are taxed subject to certain conditions |
| Q9.The average net assets of a fund were Rs 800 crore and the investment transactions of the fund were Rs 1600 crore. Calculate the Portfolio Turnover Ratio. |
| 10 times |
| 0.5 times |
| 2 times |
| 20 times |
| Q10.Where are the New Fund Offer dates mentioned? |
| Key Information Memorandum - KIM |
| Scheme Information Document - SID |
| Statement of Additional Information - SAI |
| Both SID and KIM |