NISM Series V A Mutual Fund Distributors Paper 05
| Q1.With respect to the model portfolio for Senior Citizens, it will not have any exposure to equity - State True or false? |
| True |
| False |
| Q2.The distributors are mainly compensated through ___ by the mutual funds. |
| commissions |
| salaries |
| portfolio profits |
| annual fees |
| Q 3. The minimum investment in G-Secs (as a percentage of total assets) in the case of a Gilt Fund is ___. |
| 90% |
| 95% |
| 80% |
| 75% |
| Q4.__ ensures that the information contained in the scheme-related documents (SID and SAI) are fully complied with. |
| The Trustees |
| The Sponsor |
| The Fund Manager |
| The AMC |
| Q5.NAV of income funds is to be calculated up to ___ decimals. |
| True |
| 2 |
| 3 |
| 4 |
| Q6.If a Segregated portfolio is created, it shall be effective from ___. |
| the day of a credit event |
| seven days prior to the credit event |
| one year from the date of the credit event |
| the day that security was bought in the portfolio |
| Q7.The loss booked from a debt investment of 15 months can be set off against __. |
| Long term capital loss |
| Short term capital loss |
| Short term capital gain or long term capital gain |
| It cannot be set-off |
| Q 8. By mistake, the ARN number is wrongly mentioned in the application form. How will such an application be processed? |
| The application will be rejected |
| It will be returned for rectification |
| As a Direct Plan application |
| As a Regular Plan, provided the error being corrected within a time frame |
| Q9.In which of the following cases can Goods and Service Tax (GST) be charged to the mutual fund scheme over and above the Total Expense Ratio of the scheme? |
| GST applicable on any fees must be within the Total Expense Ratio |
| GST applicable on distributor commission only can be charged to the scheme over and above the Total Expense Ratio |
| GST applicable on AMC fees as well as distributor commission can be charged to the scheme over and above the Total Expense Ratio |
| GST applicable on AMC fees only can be charged to the scheme over and above the Total Expense Ratio |
| Q10.What is the Total Expense Ratio for an Index fund or an ETF? |
| Total Expense Ratio shall not exceed 1.00 percent of the daily net assets. |
| Total Expense Ratio shall not exceed 2.00 percent of the daily net assets. |
| Total Expense Ratio shall not exceed 1.5 percent of the daily net assets. |
| Total Expense Ratio shall not exceed 0.50 percent of the daily net assets. |