NISM Series V A Mutual Fund Distributors Paper 20

Q1.Statement of Additional Information’ SAI contains information which is __
 meant only for Close Ended Schemes
 applicable for all schemes
applicable only for Open-Ended Schemes
 meant only for one particular scheme

 

Q 2.How can an investor remit money in an Indian mutual fund from abroad?
 Through Society for Worldwide Interbank Financial Telecommunication (SWIFT)
 Through Immediate Payment Service (IMPS)
Through Real-time gross settlement (RTGS)
 Through National electronic funds transfer (NEFT)

 

Q 3.Mr. Mohit has filled up an application form for subscribing to a mutual fund scheme. However, the address mentioned in the application form is different from the address provided at the time of KYC compliance. Which address will be included in the mutual funds’ records once the KYC compliance is validated?
 The address provided for KYC compliance
 The address provided in the application form
 Mr. Mohit can indicate which address is correct
The address provided in the application form will be used for all communications

 

Q4. On what basis will the payment be made to an investor who claims his erstwhile unclaimed redemption amount within three years?
The amount paid will be based on the prevailing NAV after adding the income earned on the unclaimed profits
The amount paid will be based on the NAV at the time of original redemption plus income earned on the unclaimed amount
The amount paid will be based on the NAV at the time of original redemption plus income earned on the unclaimed amount and deducting any penalty on the same
The amount paid will be based on the average of the NAV at the time of original redemption and today’s NAV after accounting for income earned and penalty if any

 

Q5.What is the investment range for the mutual fund house to invest in debt instruments for a Balanced Hybrid Fund?
 20 percent and 40 percent
 40 percent and 60 percent
 10 percent and 30 percent
 20 percent and 50 percent

 

Q 6. Investments are carried at __ in a mutual fund portfolio.
 Market Value
 Face Value
 Book Value
 Cost Value

 

Q7.With respect to the procedure for getting impaneled as a mutual fund distributor with AMC, the applicant needs to sign a declaration for ____.
 Guarantee of adding a minimum of 5 investors every month
 declaring the rebates given back to the investors
 ensuring that all employees who are selling mutual funds will have more than on ARN code
Commitment to abide by statutory codes, guidelines, and circulars

 

Q 8. A Mutual Fund Trust must have beneficiaries – State True or False?
 True
 False

 

Q9.Mrs. Reena purchases MF units at NAV Rs 13. After 500 days, she redeems it at NAV Rs 15.70. What is the compounded rate of return?
 0.1369
 0.147
 0.15
 0.1588

 

Q 10.AMFI is an industry body, but not a self-regulatory organization – True or False?
 False
 True

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