Quiz Preview: Result
Quiz Preview: Result
Quiz Preview: Result
AssesmentNISMPreparatorySession2
Result
No.ofquestions:30
Marks:22/30
TotalScore:73%
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QuizPreview
Key:Atickorcrosswillshownexttochosenanswers.
Correctlyanswered
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Missedcorrectoption(s)
Answers
Question1of30
Investmentinmutualfundsshouldbedonebasedonwhichofthefollowingprinciples
CorrectOption(s):A
SelectedOption(s):A
A) PrincipleofBuyerbeware
B) Principleofindemnity
C) Ubraimefides
D) Principleofinsurableinterest
Question2of30
Ifaninvestorinvestinginclosedendfund,whetherDematA/cisnecessary
CorrectOption(s):A
SelectedOption(s):A
A) TRUE
B) FALSE
Question3of30
ToconvertthephysicalintoDemat,investormustapproachto
CorrectOption(s):A
SelectedOption(s):C
A) DepositoryParticipant
B) NSDL
C) Depository
D) CDSL
Question4of30
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Whichofthefollowingcanbeasponsorofamutualfund?
CorrectOption(s):A
SelectedOption(s):D
A) alloftheabove
B) domesticfinancialinstitutions
C) foreignfinancialinstitutions
D) indianpublicsectorbanks
Question5of30
Whichofthefollowingprinciplesisapplicableonthemutualfundinvestments
CorrectOption(s):A
SelectedOption(s):A
A) Principleofcaveatemptor
B) Principleofindemnity
C) Principleofutmostgoodfaith
D) Principleofinsurableinterest
Question6of30
Whichofthefollowingisinternationalagency
CorrectOption(s):A
SelectedOption(s):A
A) CRISIL
B) MorningStar
C) Lipper
D) CredenceAnalytics
Question7of30
KYCapplicationformareacceptedat_______________
CorrectOption(s):A
SelectedOption(s):B
A) PointofService
B) PointofAcceptance
C) RTA
D) NSDL
Question8of30
AppointmentofanAMCcanbeterminatedby__________.
CorrectOption(s):A
SelectedOption(s):A
A) bothoftheabove
B) 75%oftheunitholders
C) majorityofthetrustees
D) noneoftheabove
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Question9of30
Appointmentofdistributorbyfundisbasisbetweendistributor
CorrectOption(s):A
SelectedOption(s):A
A) AMC
B) Investor
C) SEBI
D) AMFI
Question10of30
ARNnumberisallotedby
CorrectOption(s):A
SelectedOption(s):A
A) AMFI
B) SEBI
C) AMC
D) Trustee
Question11of30
TheauditorofaschemeofmutualfundandtheAMChastobedifferent.
CorrectOption(s):A
SelectedOption(s):A
A) TRUE
B) FALSE
Question12of30
Mutualfundisconstitutedas
CorrectOption(s):A
SelectedOption(s):A
A) Trust
B) Company
C) Financialintermediary
D) NBFC
Question13of30
KYCdocumentationisnecessaryfor
CorrectOption(s):A
SelectedOption(s):A
A) IndividualandHUF
B) OnlyHUF
C) Individualonly
D) Onlyinstitutionalinvestors
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Question14of30
trustdeedarecontractbetweenTrusteeand___________
CorrectOption(s):A
SelectedOption(s):A
A) Sponsor
B) AMC
C) SEBI
D) Investors
Question15of30
Thefollowingisnotadutyoftheboardoftrusteesofamutualfund
CorrectOption(s):A
SelectedOption(s):A
A) raisethemaximumpossibleamountofassetsineachschemefloatedbythefund
B) ensurethatinvestorsinterestsaresafeguarded
C) themanagementofthefundisinaccordancewithSEBIregulation
D) ensuretheAMChaspropersystemsprioceduresandkeypersonnelinplace
Question16of30
ARNstandsfor
CorrectOption(s):A
SelectedOption(s):A
A) AMFIRegistrationNumber
B) AgentRegistrationNumber
C) AgencyRegistrationNumber
D) AMFIRegulationNumber
Question17of30
Priorapprovalof_________isrequiredbeforeapersonisappointedasdirectoronthe
boardoftheAMC.
CorrectOption(s):A
SelectedOption(s):A
A) trustee
B) sponsor
C) SEBI
D) Unitholders
Question18of30
AMFIstandsfor
CorrectOption(s):A
SelectedOption(s):A
A) AssociationofMutualFundinIndia
B) AssociatesofMutualFundinIndia
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C) AssociatesofMutualFundinIndians
D) AssociationofMutualFoundationinIndia
Question19of30
TheAMCshouldhaveaminimumnetworthof___________.
CorrectOption(s):A
SelectedOption(s):A
A) Rs.10crore
B) Rs.50crore
C) Rs.100Crore
D) Rs.50lakhs
Question20of30
ChangeinfundamentalattributesofaschemerequirethepermissionoftheTrustees
aswellastheinvestors
CorrectOption(s):A
SelectedOption(s):A
A) CompletelyTrue
B) PartiallyFalse
C) Partiallytrue
D) CompletelyFalse
Question21of30
Whoenablesthecollectionandpaymentofinvestments?
CorrectOption(s):A
SelectedOption(s):A
A) Registrar
B) SEBI
C) AMFI
D) RBI
Question22of30
AGNIstandsfor
CorrectOption(s):A
SelectedOption(s):B
A) AMFI'sGuidelines&NormsforIntermediaries
B) AMFI'sguidelines&norms
C) AMC'sguidelines&NormsforIntermediaries
D) AMC'sguidelines&NormsforIndividuals
Question23of30
ACEstandsfor
CorrectOption(s):A
SelectedOption(s):A
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A) AMFIcodeofethics
B) AMCcodeofethics
C) AMFICodeofexcellence
D) Agent'scodeofethics
Question24of30
XYZLtd.,acustodianhas4directorsoutofwhich1directorisalsoadirectorofthe
sponsorcompanyandanotherdirectoris50%shareholderofsponsor'sassociate
company.CanXYZlit.,beappointedforthesponsormutualfund?
CorrectOption(s):A
SelectedOption(s):A
A) No
B) Yes
C) NA
D) NA
Question25of30
The'MostInvestorServiceCentre'areofficesof
CorrectOption(s):A
SelectedOption(s):A
A) RTA
B) Trustee
C) Custodian
D) FundAccountant
Question26of30
AsperSEBI,mutualfundscanborrowforshorttermtotheextentof
CorrectOption(s):A
SelectedOption(s):B
A) 20%ofnetassets
B) 50%ofnetassets
C) 25%ofnetassets
D) Totalnetassets
Question27of30
ClearingthecertifyingexaminationandgettingSEBI'spermissionaremandatorybefore
anagentcanstartsellingmutualfunds
CorrectOption(s):A
SelectedOption(s):B
A) FALSE
B) TRUE
Question28of30
Atrusteecompanyfunctionthrough
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CorrectOption(s):A
SelectedOption(s):C
A) Boardofdirectors
B) Boardoftrustee
C) Trust
D) Boardofdirectorsofthecompany
Question29of30
Distributorwhilegettingempanelledalsofillselfdeclarationstatingthat?
CorrectOption(s):A
SelectedOption(s):B
A) ShallabidewithSebicodeofethics
B) AllemployeeswhoareengagedinthesaleanddistributionshallobtainARN
C) Theyshouldreceivecommissionontime
D) Noneoftheabove
Question30of30
ThefunctionofdistributorandRTAis
CorrectOption(s):A
SelectedOption(s):A
A) Issuingandrepurchasingtransactionofunits
B) Maintaintherecordsoftheinvestor
C) UpdatedNAV
D) SendingtheAnnualaccountstatementofMutualFund
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