NISM Chapter 4

Which of the following regulates Mutual Funds in India?

• Securities and Exchange Board of India

• Association of Mutual Funds in India

• Asset Management Companies

• Trustees of Mutual Fund

Mutual Funds can buy and sell securities only on a delivery basis. State whether the statement is True or False

• True

• False

Minimum percentage of mutual fund scheme corpus must be invested in equity and equity related instruments in case of Equity Linked Savings Scheme (ELSS)?

• 65 percent

• 70 percent

• 80 percent

• 100 percent

Which of the following statement is "True" with respect to celebrity endorsement for mutual funds?

• SEBI has permitted celebrity endorsement at the industry level for the purpose of increasing the awareness of Mutual Funds

• SEBI has permitted celebrity endorsements for the promotion of Mutual Funds Schemes

• Celebrities can endorse only NFO

• Celebrities can endorse only ongoing mutual fund schemes

Investor has the right to specify up to _ nominees for mutual fund investment folios.

• Zero

• One

• Two

• Ten

Which of the following are Regulators of Indian Financial Products include _____

• IRDAI & PFRDA

• RBI & SEBI

• Only a

• Both a & b

The preamble of SEBI describes the basic functions of SEBI as _______

• to protect the interests of investors in securities market

• to promote the development of securities markets

• to regulate the securities marker and matters connected to it incidental thereto

• All of the above

General restrictions of Mutual Fund includes ____

• Mutual Funds can buy and sell securities on delivery basis only

• Mutual Funds cannot advance any loans

• Mutual Funds scheme will not invest in unlisted / privately placed securities of any associate or group company of the sponsor

• All of the above

__% of unitholder can terminate the appointment of the AMC. Whereas __% of the unitholders can pass a resolution of wind up a scheme of Mutual Funds

• 25%, 25%

• 25%, 50%

• 75%, 75%

• 50%,50%

AGNI stands for ___

• AMFI Guidelines and Norms for Intermediaries

• AMFI Guidelines and Norms of Intermediaries

• AMFI Guidelines and Norms of Individuals

• AMFI Guidelines and Norms for Individuals