Unit ko samjho · NISM Series II-B
Investors in Mutual Funds
10 questions is unit mein
Sawaal aur jawaab English mein hain, kyunki NISM ka exam paper bhi English mein hota hai.
Is unit mein kya hai
- What does KYC stand for in mutual fund investor servicing?
- Why does a mutual fund RTA verify investor identity before updating a bank mandate?
- What is the role of a guardian for a minor mutual fund investor?
- Who ordinarily represents a Hindu Undivided Family for authorised investment instructions?
- What should the RTA check when opening a folio for a corporate investor?
- Which information helps identify an investor's tax status for applicable cross-border reporting?
- An individual gives a valid Power of Attorney to an authorised representative. What should the RTA do?
- What is the purpose of nomination in an investor's mutual fund holding?
- A folio is in a minor's name and the investor has become an adult. What should be checked before allowing independent operation?
- A corporate transaction request is signed by a former authorised signatory. What should the RTA do?
Zaroori ideas
Practice bank se · 1
What does KYC stand for in mutual fund investor servicing?
KYC means Know Your Customer, the process of identifying and verifying investors.
Hint Recall the process that verifies who an investor is.
II-B-106Practice bank se · 2
Why does a mutual fund RTA verify investor identity before updating a bank mandate?
Identity verification reduces the risk of funds being redirected through fraudulent bank changes.
Hint Think about protecting payouts from impersonation.
II-B-107Practice bank se · 3
What is the role of a guardian for a minor mutual fund investor?
A guardian represents a minor in permitted mutual fund account transactions.
Hint Think about legal capacity before adulthood.
II-B-108Practice bank se · 4
Who ordinarily represents a Hindu Undivided Family for authorised investment instructions?
The Karta generally represents the HUF in permitted investment and account matters.
Hint Recall the managing representative of an HUF.
II-B-109Practice bank se · 5
What should the RTA check when opening a folio for a corporate investor?
Corporate onboarding requires verification of the entity and persons authorised to transact.
Hint Think about who can legally act for an organisation.
II-B-110Practice bank se · 6
Which information helps identify an investor's tax status for applicable cross-border reporting?
Tax-residency declarations support applicable FATCA and CRS identification and reporting.
Hint Consider declarations used for FATCA and CRS.
II-B-111Practice bank se · 7
An individual gives a valid Power of Attorney to an authorised representative. What should the RTA do?
An RTA should verify the PoA and its scope before allowing the representative to act.
Hint Distinguish delegated authority from transfer of ownership.
II-B-112Practice bank se · 8
What is the purpose of nomination in an investor's mutual fund holding?
Nomination records a designated person for relevant post-death transmission procedures.
Hint Think about claims after the investor's death.
II-B-113Practice bank se · 9
A folio is in a minor's name and the investor has become an adult. What should be checked before allowing independent operation?
The RTA should update minor-to-major status and verify the adult investor's authority and KYC as required.
Hint Think about the change in legal capacity and signer.
II-B-114Practice bank se · 10
A corporate transaction request is signed by a former authorised signatory. What should the RTA do?
The RTA must verify the current corporate mandate before processing instructions from a former signatory.
Hint Check whether representative authority remains current.
II-B-115