NISM MUTUAL FUND FOUNDATION 5

Q (20): 

To transfer the management of a scheme from one AMC to another, the consent of the following is required

  SEBI

  Unit holders

  both SEBI and unit holders

  none of the above

Q (21): 

Under new NPS scheme, Tier I is the Pension account while Tier II is a Savings account

  (A) True

  (B) False

Q (22): 

Units are repurchase in closed end fund at

  Higher than NAV

  Lower than NAV

  Whatever the price higher than NAV or lower than NAV

  At NAV price only

Q (23): 

Value stocks

  have high current dividend yield

  yield high growth in earnings

  are currently under valued

  none of the above

Q (24): 

What is active switching ?

  Using telephone swithing method to actively move and out of different schemes of different fund complex

  Using telephone swithing method to actively move and out of different schemes of same fund complex

  Using telephone switching method to atively move and out of the same scheme of the same fund complex

  Using telephone switching method to atively move and out of the same scheme of the different fund complex

Q (25): 

What is the impact of very high churning frequency?

  More expensive

  No effect on investor returns

  More investor returns

  Depends upon the fund type