Practice Set - 2 | Practice Set | NISM Series V-A: Mutual Fund Distributors Certification Examination

Question 1

Which entity is mainly responsible for ensuring compliance with SEBI regulations at the operational level?

Question 2

Who mainly ensures that redemption and purchase records are properly updated?

Question 3

Which entity mainly helps investors with account statements and transaction updates?

Question 4

Which entity signs the trust deed with the sponsor while setting up a mutual fund?

Question 5

Who ensures safe settlement of securities transactions for a mutual fund?

Question 6

Which statement is tricky but true?

Question 7

Which entity is NOT directly involved in selling mutual fund units to investors?

Question 8

Which statement is correct regarding custodian independence?

Question 9

Which is the best summary of trustee responsibility?

Question 10

Which entity is most responsible for portfolio construction decisions?

Question 11

A strong mutual fund governance system mainly helps by:

Question 12

Why is sponsor often compared to a promoter of a company?

Question 13

Which of the following is the strongest reason for having trustees?

Question 14

Which participant mainly handles investor folio creation?

Question 15

If a mutual fund scheme receives bonus shares from a company, who tracks that corporate action?

Question 16

Why are unit holders called beneficiaries in a mutual fund trust?

Question 17

If an investor wants to know who supervises whether the AMC is acting fairly, the answer is:

Question 18

The Board of Trustees refers to:

Question 19

Who is responsible for appointing the AMC?

Question 20

Practice Set - 2