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

📂 SET-17

Question 1 of 20 Demo

Complaints can be filed against which of these entities in SEBI Complaint Redress System (SCORES)

A a) Brokers/stock exchanges B b) Commercial Banks C c) Both (a) and (b) D d) NBFC

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📂 SET-12

Question 2 of 20 Demo

Who receives and delivers securities on behalf of the Mutual Fund?

A a) Authorised Stock Brokers B b) The AMC to which the fund belongs C c) Custodian D d) Merchant Bankers

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📂 SET-5

Question 3 of 20 Demo

Which of the following statement is true with respect to 'Mark to Market' ?

A a) Securities in the portfolio are valued at current market prices B b) Securities in the portfolio are valued at 52 week high prices C c) Securities in the portfolio are valued at 52 week low prices D d) Securities in the portfolio are valued at purchase price

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📂 SET-14

Question 4 of 20 Demo

The return is calculated using _____ if the holding period is over one year and ______ for less than one year

A a) Holding Period Return, CAGR B b) Absolute returns, CAGR C c) Annualised Return, CAGR D d) CAGR, simple absolute returns

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Question 5 of 20 Demo

AGNI (AMFI Guidelines & Norms for Intermediaries) is ____________

A a) Code of conduct for intermediaries B b) Rules & Regulations C c) Terms & Conditions D d) None of the Above

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📂 SET-5

Question 6 of 20 Demo

What is the tax applicable on the income earned by the mutual fund schemes?

A a) It is a function of the type of income since dividends, short term capital gains and long term capital gains attract different tax rates B b) Income earned by a mutual fund is exempt from taxes C c) 10 percent plus surcharge and cess D d) It is a function of the marginal rate of tax applicable to the respective investor in the mutual fund scheme

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📂 SET-5

Question 7 of 20 Demo

Open-ended schemes have to re-open for sale / re-purchase within 5 business days of the allotment and that date is known as the Re-Opening date - True or False?

A a) TRUE B b) FALSE

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📂 SET-6

Question 8 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-8

Question 9 of 20 Demo

Why is the Application Supported by Blocked Amount (ASBA) facility beneficial for investors?

A a) It allows interest to be earned until allotment B b) It guarantees unit allotment C c) It reduces transaction fees D d) It eliminates KYC requirements

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📂 SET-3

Question 10 of 20 Demo

The Price Earning (PE) Ratio of a company is 7 and its Earning Per Share is Rs 10. What is the Market Price of this company?

A a) Rs 49 B b) Rs 70 C c) Rs 700 D d) Rs 10

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📂 Chapter-1

Question 11 of 20 Demo

Which of the following statements about ‘Pool Approach’ is TRUE?

A a) It clearly defines the time horizon of investments B b) It ensures better alignment of goals and time C c) It lacks clarity on investment horizon D d) It is the best method for long-term financial goals

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📂 SET-1

Question 12 of 20 Demo

The portfolio composition and operational features of a scheme are mentioned in the __________.

A a) SAI B b) SID C c) Addendum D d) None of the above

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📂 SET-1

Question 13 of 20 Demo

The NAV of a Mutual Fund scheme is Rs 180. If the exit load is 2%, what will be the effective repurchase 0price?

A a) 176 B b) 176.4 C c) 177.5 D d) 177.8

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📂 SET-8

Question 14 of 20 Demo

The valuation of Illiquid securities held by a Mutual Fund is done as per ___________.

A a) the last traded price of that security on BSE or NSE B b) the norms prescribed by SEBI to arrive at a fair valuation C c) the average price of bid and ask quotation D d) the lowest price calculated as per the above three methods

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📂 SET-9

Question 15 of 20 Demo

AMCs has to put in place a due diligence process to regulate distributors who ____________.

A a) has received commission received of over Rs. 25 Lakhs from a single mutual fund B b) has raised AUM of over Rs. 25 crores from non-institutional investors C c) has presence in more than 20 locations D d) All of the above

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📂 SET-13

Question 16 of 20 Demo

AMC directors are appointed with the permission of Trustees

A a) TRUE B b) FALSE

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Question 17 of 20 Demo

When investing in Equity, the majority of gains generally come through ________.

A a) Dividend Income B b) Tax Savings C c) Capital Gains D d) Interest Received

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📂 Chapter-1

Question 18 of 20 Demo

Which of the following investments is least liquid?

A a) Listed Equity Shares B b) Bank Fixed Deposit C c) Real Estate D d) Liquid Mutual Fund

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📂 Chapter-11

Question 19 of 20 Demo

Which is the most appropriate measure of evaluating how closely an index fund is tracking its benchmark?

A a) Treynor ratio B b) Tracking error C c) Total Expense Ratio (TER) D d) Assets Under Management (AUM)

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📂 Chapter-6

Question 20 of 20 Demo

Mutual Fund Distributors Certification Examination offered by ___ is required for becoming a mutual fund distributor.

A a) Securities and Exchange Board of India B b) National Institute of Securities Markets C c) Association of Mutual Funds in India D d) National Skills Development Corporation

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Finish Demo?

Session Ended