NISM Series V A Mutual Fund Distributors Paper 05

Q1.With respect to the model portfolio for Senior Citizens, it will not have any exposure to equity – State True or false?
 True
 False

 

Q2.The distributors are mainly compensated through ___ by the mutual funds.
 commissions
 salaries
 portfolio profits
 annual fees

 

Q 3. The minimum investment in G-Secs (as a percentage of total assets) in the case of a Gilt Fund is ___.
 90%
 95%
 80%
 75%

 

Q4.__ ensures that the information contained in the scheme-related documents (SID and SAI) are fully complied with.
 The Trustees
 The Sponsor
 The Fund Manager
 The AMC

 

Q5.NAV of income funds is to be calculated up to ___ decimals.
  True
 2
 3
 4

 

Q6.If a Segregated portfolio is created, it shall be effective from ___.
the day of a credit event
 seven days prior to the credit event
 one year from the date of the credit event
 the day that security was bought in the portfolio

 

Q7.The loss booked from a debt investment of 15 months can be set off against __.
 Long term capital loss
 Short term capital loss
 Short term capital gain or long term capital gain
 It cannot be set-off

 

Q 8. By mistake, the ARN number is wrongly mentioned in the application form. How will such an application be processed?
 The application will be rejected
 It will be returned for rectification
As a Direct Plan application
 As a Regular Plan, provided the error being corrected within a time frame

 

Q9.In which of the following cases can Goods and Service Tax (GST) be charged to the mutual fund scheme over and above the Total Expense Ratio of the scheme?
 GST applicable on any fees must be within the Total Expense Ratio
 GST applicable on distributor commission only can be charged to the scheme over and above the Total Expense Ratio
 GST applicable on AMC fees as well as distributor commission can be charged to the scheme over and above the Total Expense Ratio
 GST applicable on AMC fees only can be charged to the scheme over and above the Total Expense Ratio

 

Q10.What is the Total Expense Ratio for an Index fund or an ETF?
Total Expense Ratio shall not exceed 1.00 percent of the daily net assets.
Total Expense Ratio shall not exceed 2.00 percent of the daily net assets.
Total Expense Ratio shall not exceed 1.5 percent of the daily net assets.
Total Expense Ratio shall not exceed 0.50 percent of the daily net assets.

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