NISM Series V A Mutual Fund Distributors Paper 20
| Q1.Statement of Additional Information' SAI contains information which is __ |
| meant only for Close Ended Schemes |
| applicable for all schemes |
| applicable only for Open-Ended Schemes |
| meant only for one particular scheme |
| Q 2.How can an investor remit money in an Indian mutual fund from abroad? |
| Through Society for Worldwide Interbank Financial Telecommunication (SWIFT) |
| Through Immediate Payment Service (IMPS) |
| Through Real-time gross settlement (RTGS) |
| Through National electronic funds transfer (NEFT) |
| Q 3.Mr. Mohit has filled up an application form for subscribing to a mutual fund scheme. However, the address mentioned in the application form is different from the address provided at the time of KYC compliance. Which address will be included in the mutual funds' records once the KYC compliance is validated? |
| The address provided for KYC compliance |
| The address provided in the application form |
| Mr. Mohit can indicate which address is correct |
| The address provided in the application form will be used for all communications |
| Q4. On what basis will the payment be made to an investor who claims his erstwhile unclaimed redemption amount within three years? |
| The amount paid will be based on the prevailing NAV after adding the income earned on the unclaimed profits |
| The amount paid will be based on the NAV at the time of original redemption plus income earned on the unclaimed amount |
| The amount paid will be based on the NAV at the time of original redemption plus income earned on the unclaimed amount and deducting any penalty on the same |
| The amount paid will be based on the average of the NAV at the time of original redemption and today's NAV after accounting for income earned and penalty if any |
| Q5.What is the investment range for the mutual fund house to invest in debt instruments for a Balanced Hybrid Fund? |
| 20 percent and 40 percent |
| 40 percent and 60 percent |
| 10 percent and 30 percent |
| 20 percent and 50 percent |
| Q 6. Investments are carried at __ in a mutual fund portfolio. |
| Market Value |
| Face Value |
| Book Value |
| Cost Value |
| Q7.With respect to the procedure for getting impaneled as a mutual fund distributor with AMC, the applicant needs to sign a declaration for ____. |
| Guarantee of adding a minimum of 5 investors every month |
| declaring the rebates given back to the investors |
| ensuring that all employees who are selling mutual funds will have more than on ARN code |
| Commitment to abide by statutory codes, guidelines, and circulars |
| Q 8. A Mutual Fund Trust must have beneficiaries - State True or False? |
| True |
| False |
| Q9.Mrs. Reena purchases MF units at NAV Rs 13. After 500 days, she redeems it at NAV Rs 15.70. What is the compounded rate of return? |
| 0.1369 |
| 0.147 |
| 0.15 |
| 0.1588 |
| Q 10.AMFI is an industry body, but not a self-regulatory organization - True or False? |
| False |
| True |