NISM Series II B - Registrar and Transfer Agents (MF) Certification Paper 14
| Q1.The short-term capital gains tax for the debt fund is ____. |
| 10% |
| 15% |
| investor’s marginal tax rate |
| NIL |
| Q2.The value AUM changes every time there is a change in the market price of the securities that a mutual fund holds - State True or False? |
| True |
| False |
| Q3.Units of ___ can be purchased during an NFO. |
| Equity Linked Saving Scheme |
| Open-Ended Funds |
| Close Ended Funds |
| All of the above |
| Q4.Usually, a mutual fund has a ____ which is Rs 10. |
| Redemption price |
| NAV |
| Face Value |
| Stated Value |
| Q 5.Usually there are no IPO's of a preference share issue but they are placed privately - State True or False? |
| True |
| False |
| Q6.When an investor changes his option from dividend to growth, it's a ___. |
| financial transaction |
| non-financial transaction |
| banned transaction |
| special transaction |
| Q7.Which type of share issue will not change the investor's proportionate holding in the company? |
| IPO |
| Preference Share issue |
| Rights issue |
| Public issue |
| Q8.Why is a Time Stamp very important and critical in a mutual fund transaction? |
| The NAV depends on the timestamp |
| Its a proof of receipt of purchase or redemption |
| It's mandatory as per RBI guidelines |
| It meant to control the activities at ISCs |
| Q9.Why was the 'Investor Education and Protection Fund' - IEPF created? |
| Forgiving awards to companies who protect and educate their investors |
| This fund goes to SEBI to be used for investor protection |
| for training and development of securities market expert |
| For promoting investor awareness and protecting their interests |
| Q10.____ are considered as a Retail Investor in Mutual Funds. |
| Partnership Firms |
| NRIs |
| Trusts |
| Societies |