4/30/2017 RelianceMutualLearningMadeEasy

AssesmentNISMPreparatorySession2

Result
No.ofquestions:30
Marks:22/30
TotalScore:73%

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QuizPreview
Key:Atickorcrosswillshownexttochosenanswers.

Correctlyanswered
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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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