NISM Mock Test For Mutual Fund – Part 2 | NISM V A

This is Part 2 of Premium NISM Mock test for NISM V A

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#1. T-bills issued by

T-bills are used for managing liquidity for the  government of India and are issued by RBI in behalf of the government.

#2. OD is used for comparison of schemes

Offer Document (OD) is used  to get information about scheme

#3. A debenture is/are issued by

A debenture are debt instrument issued by both  Government and Corporations.

#4. Certificate of Deposits are issued by

Certificate of Deposits are issued by Scheduled banks  

#5. Who prescribed Compliance officer ?

SEBI prescribed Compliance officer whose job is to get  information from key personnel of Mutual fund  schemes about the  shares they  buy and  sell. It is  mandatory  for them to provide information to Compliance officer on half yearly  basis.

#6. Distributor's job is to hold shares for safekeeping?

As per SEBI , Custodian must holds shares for for safekeeping 

#7. Who can be considered as Promoter of AMC?

Sponsors can be considered as Promoter of Asset Management Company 

#8. Which of the following expenses can be charged to Mutual fund scheme ?

Expenses can be charged only for the management of fund 

#9. Which fund is good for emergency redemption of money ?

Liquid fund  is important  for  any investor’s  portfolio  as there is no lock-in period one can withdraw  money  anytime. Liquid fund is good for emergency redemption of money. 

#10. Transaction in the platforms of BSE and NSE are governed by

NSE and BSE are transaction aggregator.

So the transactional disputes and Transactions in the platforms of BSE and NSE are governed by AMC.

#11. Certificate of Deposits are issued to

Certificate of Deposits are issued  to Individuals as well as Corporations.

But issued  by Scheduled banks.

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Other Certifications:

Please keep this in mind the below paragraph is not related to NISM VA. This is only written to aware you about other certification other then NISM. If you are not interested, ignore reading this and click NEXT to continue solving Part 3 of Nism VA mock test.

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