NISM Series V A Mutual Fund Distributors Paper 22
| Q1.All advertisements and Sales Literature containing an AMC(s)/Mutual Fund ranking must prominently disclose, with respect to the ranking _____. |
| The name of the Ranking Entity and the criteria on which the ranking is based |
| The name of the category (e.g. income/growth) |
| The number of AMC(s)/Mutual Funds in the category. |
| All of the above |
| Q2.From which of these can the mutual fund NOT distribute dividends? |
| Income accruals |
| Dividends that are received from equity investments |
| Realized gain from the sale of investments |
| Unrealized appreciation in the value of investments |
| Q 3.If a person wants to appeal against the ruling of SEBI, he can do so with ____. |
| RBI |
| Commerce Ministry |
| Company Law Board |
| Securities Appellate Tribunal |
| Q4.Identify the difference between Sharpe Ratio and Treynor Ratio. |
| Both are same |
| Sharpe Ratio uses Standard Deviation for its calculations whereas Treynor Ratio uses Beta |
| Sharpe Ratio is used for underperforming schemes whereas Treynor Ratio is used for outperforming schemes |
| Q5.Can recurring expenses be charged to a mutual fund scheme? |
| Yes, they can be charged. |
| No, they cannot be charged. |
| Q6.Which of these documents is not required to be submitted for investing in mutual funds by a charitable organization? |
| List of authorized signatories |
| Trust deed |
| Board resolution |
| Memorandum and Articles of Association |
| Q7.Once the New Fund Offer (NFO) of a Close Ended Fund has closed, a person can buy the listed units of such close-ended fund ___. |
| At prices usually higher than NAV |
| At prices usually lower than NAV |
| At prices that can be higher or lower than NAV |
| Units of a Close Ended Fund cannot be bought after NFO |
| Q8.Gold ETFs are meant only for FI's and FII's - True or False? |
| True |
| False |
| Q9.The Absolute Return is calculated using the formula ___. |
| (Sale Price - Cost Price) / Cost Price |
| (Cost Price - Sale Price ) / Sale Price |
| (Sale Price / Cost Price) - 1 |
| 1 - (Cost Price / Sale Price) |
| Q10.In case the units are pledged, the unitholder ___. |
| can sell the units after the lockin period |
| cannot sell the units |
| cannot sell but can switch the units to another scheme |
| cannot do an additional purchase |