Nism 2b part 2
NISM 2B Certification Quiz
Test your knowledge with our comprehensive NISM 2B Certification Quiz. Designed to help you prepare for the NISM 2B exam, this quiz consists of 30 questions covering key concepts in mutual funds and investment regulations.
With instant feedback on your answers, you can enhance your understanding of:
- Equity and Debt Funds
- TDS and Tax Compliance
- Investment Risks and NAV Calculations
- KYC Norms and Legal Considerations
Equity funds have a greater degree of risk as compared to debt funds
True
False
Risk-o-meter that reflects the current risk of the scheme at a given point in time
True
False
The SID contains information common to all schemes offered by a mutual fund
True
False
Every Addendum has to be approved by AMC
True
False
The application form is accompanied by the KIM
True
False
ELSS provides tax benefits in the form of deductions under section 90C of the Income Tax Act
True
False
Debt funds invest predominantly in debt securities
True
False
Gilt Fund: An open ended debt scheme investing in government securities
True
False
The fund begins to declare its NAV from the next day of NFO close date
True
False
NAV of Day T thus includes portfolio value of Day T (Numerator) and the number of outstanding units on day T-1 (Denominator)
True
False
Market fluctuations can cause the NAV to be volatile.
True
False
The time stamping machine captures the time of receipt of a transaction at the ISC.
True
False
The time stamping guidelines defined by SEBI
True
False
Offices of distributors are official points of acceptance
True
False
Applications for fresh purchases or additional purchases should always be accompanied by a payment instrument
True
False
Cut-off time has been prescribed by SEBI for various categories of funds and transactions.
True
False
TDS is not applicable for redemption's by NRIs
True
False
The Foreign Account Tax Compliance Act (FATCA) is a US law that aims to combat tax evasion
True
False
The cut-off time for liquid fund redemptions is 1.30 pm
True
False
Signature is the identity of the investor in the records of the mutual fund
True
False
Minors are not legally authorised to enter into contracts on their own behalf, or issue cheques to third parties
True
False
KYC norms apply to opening bank accounts, trading accounts, demat accounts and all such financial relationships.
True
False
PAN has been notified as the single identification number for all financial market transactions
True
False
SEBI has provided guidance to restrict investments to Rs. 60,000 per annum per MF
True
False
Since minors cannot enter into valid contracts, there is no question of a PoA for a minor
True
False
A Power of Attorney (PoA) has 3 parties
True
False
The grantor's signature is recorded in the folio for purposes of verification
True
False
RTGS is a facility to move funds electronically on an batch wise
True
False
ASBA is a payment facility available to investors for all mutual fund NFOs, launched on or after October 1, 2010.
True
False
The transfer of units can be done to the claimant who can be the surviving unit holder or the nominee registered in the folio or the legal heir
True
False
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