Practice Test--NISM--2024

Redemption from which of the following mutual fund schemes would attract Securities Transaction tax (STT)for an Investor ?

• Multicap mutual fund

• Government Securities fund

• Liquid Fund

• Overnight Fund

_____ is a safe haven asset class.

• Gold

• Debt

• Real Estate

• Equity

Only individuals are allowed to distribute mutual funds in India. State whether True or False.

• False

• True

Mutual funds can buy and sell securities only on delivery basis. State whether this statement is True or false

• True

• False

Mutual fund/AMCs shall also disclose ____ of the scheme and benchmark while disclosing the peformance of the scheme vis-a-vis bechmark

• colour code

• Riskometer

Which of the following schemes would not invest in equity shares of companies?

• Diversified equity funds

• Retirement benefit schemes

• Money market funds

• Index funds

Mutual Fund Distributors Certification Examination offered by _____ is required for becoming a mutual fund distributor.

• National Skills Development Corporation

• Association of Mutual Funds in India

• National Institute of Securities Markets

• Securities and Exchange Board of India

Who handles the day-to-day management of the mutual fund?

• Asset Management company

• Registrar And Transfer Agency

• Unitholders

• Mutual Fund trustees

____ takes into account all dividends generated from the basket if constituents that make up the index in addition to the capital gains.

• Total return index

• Dividend return index

• Price return index

Which of the following regulates mutual funds in India?

• Association of Mutual funds in india

• Boards of Trustees of mutual funds

• Securities and exchange board of India

• Asset management companies