NISM Series V A Mutual Fund Distributors Paper 08
| Q1.NFO's for ELSS schemes can remain open for _ days |
| 10 |
| 15 |
| 20 |
| 30 |
| Q2.Which of the following statement is true with respect to 'Mark to Market'? |
| Securities in the portfolio are valued at current market prices |
| Securities in the portfolio are valued at 52 week high prices |
| Securities in the portfolio are valued at 52 week low prices |
| Securities in the portfolio are valued at a purchase price |
| Q3.Identify the TRUE statement. |
| While calculating scheme returns for an investor, if there is an entry load, then the initial value of the Net Asset Value (NAV) is taken as NAV minus Entry Load |
| While calculating scheme returns for an investor, if there is an exit load, then the later value of the Net Asset Value (NAV) is taken as NAV minus Exit Load |
| Q4.Identify the TRUE statement - A) The AMC is not liable for any losses suffered by the foreign portfolio investors due to adverse currency movements B) The AMC has to compensate to foreign portfolio investors for any losses suffered due to adverse currency movements |
| Only A |
| Only B |
| Both A and B |
| Q5.Dormant investors are those investors who have not transacted during the previous _ months. |
| 3 |
| 6 |
| 12 |
| 24 |
| Q6.The valuation of Illiquid securities held by a Mutual Fund is done as per ___. |
| the last traded price of that security on BSE or NSE |
| the norms prescribed by SEBI to arrive at a fair valuation |
| the average price of bid and ask quotation |
| the lowest price calculated as per the above three methods |
| Q7.In the top-down approach, sector allocation precedes stock selection - True or False? |
| True |
| False |
| Q8.In the non-equity oriented funds, the rate of long-term capital gains tax is ___. |
| 10 percent with indexation |
| 10 percent without indexation |
| 20 percent with indexation |
| 20 percent without indexation |
| Q9.Investors’ KYC details are stored in the server of __. |
| AMFI |
| AMC |
| KRA |
| SEBI |
| Q10.In the case of mutual fund schemes, dividends can be paid only out of ___. |
| Unit capital |
| The distributable surplus generated by the scheme |
| Premium reserve account |
| Mark-to-market profits |