NISM Series V A Mutual Fund Distributors Paper 13
| Q1.What action has to be taken before deleting a default bank account from the registered bank account in a mutual fund folio? |
| A new folio will have to be opened with the same joint holding as the new default account |
| Another account has to be designated as the default bank account |
| All the nominees of the mutual fund scheme have to sign on the change form irrespective of the mode of holding |
| Q2.Business model, experience, and proficiency in the business are compulsory criteria for empanelment and review of which of the following category of mutual fund distributors? |
| Institutional distributors who have points of presence in more than 10 locations |
| Individual distributors who have points of presence in more than 10 locations |
| Distributors who have received a commission of over Rs. 1 Crore p.a. across industry |
| All of the above |
| Q 3.There are no SEBI regulations regarding the minimum or maximum commission that distributors can earn - State True or False? |
| True |
| False |
| Q 4. The unaudited accounts of the Mutual Fund schemes must be published once in every six months ____. |
| on the AMC website |
| on the AMFI website |
| in a minimum of 2 newspapers |
| All of the above |
| Q 5.Which of the below documents can be inspected by the unitholder? |
| Trust Deed |
| Custodial Services Agreement |
| Investment Management Agreement |
| All of the above |
| Q6.An International Fund is investing in US stocks. What would be the impact on it if US Dollar depreciates against the Indian Rupee? |
| The NAV of the scheme in Indian Rupees will depreciate |
| The NAV of the scheme in Indian Rupees will appreciate |
| No impact on the fund as its investing in stocks and not currency |
| Q7.Investors who have not transacted during the previous ___ are known as dormant investors. |
| 15 months |
| 12 months |
| 9 months |
| 6 months |
| Q 8. Identify the TRUE statements - A) Unsystematic risk is measured by its Beta B) The diversified stock index has a Beta of 1 C) An investment with a beta of 0.7 will move 7 percent when markets move by 10 percent |
| A and B are True |
| B and C are True |
| A and C are true |
| All A, B, and C are true |
| Q 9.AMCs has to put in place a due diligence process to regulate distributors who ___. |
| has received commission received of over Rs. 25 Lakhs from a single mutual fund |
| has raised an AUM of over Rs. 25 crores from non-institutional investors |
| has a presence in more than 20 locations |
| All of the above |
| Q 10.Which of these statement(s) is/are FALSE with respect to Benchmarks? A) Portfolio concentration is an important factor while selecting a benchmark for an equity mutual fund B) Choice of investment universe is not an important factor while selecting an appropriate benchmark for debt mutual funds |
| Only A is False |
| Only B is False |
| Both A and B are false |