Practice Set - 1 | Practice Set | NISM Series V-A: Mutual Fund Distributors Certification Examination

Question 1

Which is the most important reason for separating AMC, Trustees, and Custodian roles?

Question 2

Who tracks corporate actions like bonus, dividend, and rights issue?

Question 3

Which statement is correct about SEBI and AMFI?

Question 4

Why is a mutual fund formed as a trust and not directly as a normal company?

Question 5

Who is responsible for investment of funds pooled from unit holders?

Question 6

The full form of AMC is:

Question 7

The record of investors and their unit holdings is maintained by:

Question 8

Which entity mainly protects investors from misuse by AMC?

Question 9

In India, mutual funds are constituted in the form of a:

Question 10

Which law governs mutual fund trusts in India?

Question 11

Which of the following is a support service provider for mutual funds?

Question 12

The main responsibility of trustees is to:

Question 13

The day-to-day operations of a mutual fund are handled by:

Question 14

Can the directors of AMC and trustee company be exactly the same people?

Question 15

The trust deed is executed between:

Question 16

Trustees may be appointed as:

Question 17

Which body regulates mutual funds in India?

Question 18

When individual trustees are appointed together, they are called:

Question 19

Who are the beneficiaries of a mutual fund trust?

Question 20

Who invests in the capital of the AMC?

Question 21

The full form of RTA is:

Question 22

Who appoints the custodian of a mutual fund?

Question 23

AMFI stands for:

Question 24

Custody of mutual fund assets is with the:

Question 25

The first trustees are named in the:

Question 26

Who applies to SEBI for registration of a mutual fund?

Question 27

Which agreement is executed between trustees and AMC?

Question 28

If AMC manages investments, why is a custodian still needed?

Question 29

A sponsor should generally be in financial services business for at least:

Question 30

Practice Set - 1