NISM-Series-V-A: Mutual Fund Distributors (English)

📂 SET-3

Question 1 of 20 Demo

The cost of fund management are the highest in __________.

A a) Passive Funds B b) Active Funds C c) Index Funds D d) None of the Above

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Question 2 of 20 Demo

As per the Income Tax Act - which of the below option is True?

A a) Capital loss, short term or long term, can be set off against any other head of income B b) Long term capital loss can be set off against long term and short-term capital gain C c) Short Term Capital gains is a tax-free income D d) Short term capital loss is to be set off against short term capital gain or long-term capital gain

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Question 3 of 20 Demo

Scheme auditors are appointed by:

A a) Trustees B b) AMC C c) Fund Managers D d) SEBI

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📂 SET-1

Question 4 of 20 Demo

Mr. D holds investments in XYZ equity scheme. He wants to make an investment in a Debt mutual fund scheme. Can it be held under the same folio?

A a) No, since the scheme is different B b) Can be held in either the same folio or different folio C c) Can be held only under the same folio D d) Will depend upon the mutual fund policy

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📂 SET-8

Question 5 of 20 Demo

The Trustees have to take the consent of Unit Holders

A a) When the trustee’s decide to wind up the scheme B b) whenever required by 75% of the unit holders C c) whenever required by SEBI in the interest of unit holders D d) All of the above

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Question 6 of 20 Demo

AMFI is the sole regulator of Mutual Funds in India - True or False?

A a) TRUE B b) FALSE

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📂 SET-9

Question 7 of 20 Demo

Which is the Target Scheme in a Systematic Transfer Plan ?

A a) It is the scheme with the lower NAV B b) It is the scheme with the higher NAV C c) It is the scheme from which funds are transferred D d) It is the scheme to which funds are transferred

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📂 SET-2

Question 8 of 20 Demo

Even though Fund accounts and AMC accounts are distinct, the Auditor needs to be same for Both.

A a) TRUE B b) FALSE

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📂 SET-5

Question 9 of 20 Demo

If an investor feels that the trustees have not fulfilled their obligations, then he can file a suit against the trustees for breach of trust - True or False?

A a) TRUE B b) FALSE

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📂 SET-10

Question 10 of 20 Demo

Investment in physical gold or real estate may attract wealth tax in case of direct investors, but investments in Gold ETF and real estate mutual funds are exempt from wealth tax - True or False?

A a) TRUE B b) FALSE

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📂 SET-17

Question 11 of 20 Demo

The legal responsibility for the accuracy of the statements made in the offer document lies with

A a) SEBI B b) the AMC C c) AMFI D d) the Company Law Board

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📂 SET-9

Question 12 of 20 Demo

The opening of time stamping machine needs to be documented and reported to _______.

A a) Sponsors B b) Trustees C c) SEBI D d) Asset Management Company

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📂 SET-2

Question 13 of 20 Demo

In case of capital gains from mutual fund investments, Tax Deduction at Source (TDS) is applicable for: _______

A a) Minor through guardian B b) Non-Resident Indians (NRIs) C c) All investors, who have invested more than Rs. 5 lacs D d) TDS is not applicable in case of mutual funds

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📂 SET-10

Question 14 of 20 Demo

The benchmark for a Gilt fund investing in Government Securities with maturities ranging from 1 to 3 years is ______________.

A a) Si-Bex B b) Mi-Bex C c) Li-Bex D d) None of the above

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📂 SET-6

Question 15 of 20 Demo

The dividends is declared on units which are under a lien will be paid to ___________.

A a) the unit holder only B b) the lien holder only C c) the unit holder or lien holder as per the agreement D d) the unit holder or lien holder as per the terms of issue of mutual fund units

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📂 SET-8

Question 16 of 20 Demo

A Mutual Fund wants to launch a new scheme with a Face Value of Rs 50. Will it get the required permissions?

A a) Yes B b) No

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📂 SET-9

Question 17 of 20 Demo

A ________ fund’s performance is linked to the profitability of gold mining companies.

A a) Gold ETF B b) Gold Sector C c) Equity D d) Hybrid

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📂 SET-6

Question 18 of 20 Demo

_________ is responsible for settlement of Mutual Fund transactions which are executed on the Stock Exchanges.

A a) AMC B b) Stock Exchange C c) Clearing House D d) AMFI

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📂 SET-3

Question 19 of 20 Demo

In the case of a Sectoral Fund, the minimum investment in equity and equity related instruments of a particular sector of total assets should be ____________.

A a) 65% B b) 70% C c) 80% D d) 95%

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📂 SET-2

Question 20 of 20 Demo

Net-asset Value (NAV) reflects

A a) True worth of each unit of the scheme B b) Value calculated transparently and based on freely shared information C c) Both (a) and (b) D d) Neither (a) and (b)

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Finish Demo?

Session Ended