NISM Series V A Mutual Fund Distributors Paper 15
| Q1.Liquid schemes and other debt schemes regularly park funds in short-term deposits of commercial banks but cannot charge management fees on these - True or False? |
| False |
| True |
| Q2.Mutual funds must publish their unaudited accounts once every six months ___. |
| on the AMFI website |
| on the AMC website |
| on the SEBI website |
| in at least two English newspaper |
| Q3.Once a New Fund Offer closes, an open-ended mutual fund is open for purchases ___. |
| by existing investors only |
| by existing investors on the stock exchange platform only |
| by both existing and new investors on the stock exchange platform only |
| by both existing and new investors |
| Q 4.Which of these investors is/are exempted from proving PAN details for investments in Mutual Funds? |
| Systematic investment plans, where annual investment does not exceed Rs 50000 |
| Investors residing in the state of Sikkim |
| Transactions are undertaken on behalf of the Central/State government |
| All of the above |
| Q 5.____ invests mainly in Corporate Bonds. |
| Diversified Equity Schemes |
| Diversified Debt Schemes (Income Funds) |
| Nifty Index Funds |
| Gold Funds |
| Q6.The trustees / AMC cannot make any change in the fundamental attributes of a scheme unless approval is received from ___ |
| Unitholders |
| SEBI |
| Sponsor |
| Fund Manager of that scheme |
| Q7.The transparency levels in mutual funds are very low. State whether True or False. |
| True |
| False |
| Q8.What is the Absolute Return for a Mutual Fund investor if he had bought at NAV 20 and sold at NAV 40 after two years? |
| True |
| 0.5 |
| 0.25 |
| Q9.A Mutual Fund wants to launch a new scheme with a Face Value of Rs 50. Will it get the required permissions? |
| Yes |
| No |
| Q10.Securities Transaction Tax is not applicable on transactions in debt-oriented mutual funds - True or False? |
| True |
| False |