Unit ko samjho · NISM Series II-B
Structure and Constituents of Mutual Funds
11 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
- Who normally establishes and promotes a mutual fund structure?
- What is the primary responsibility of mutual fund trustees?
- Who normally manages securities selection and portfolio investments for a mutual fund?
- What is the principal role of a mutual fund custodian?
- Which organisation maintains a mutual fund's investor folio and transaction data?
- A fund manager chooses a new bond, while the RTA records new subscriptions. Which function belongs to the AMC?
- Which party generally carries out an independent review of fund financial statements?
- What does a fund accountant primarily support?
- An AMC sends allotment data while the bank reports different collection amounts. Who should reconcile investor-level discrepancies?
- Why must the scheme's service providers have clearly separated roles?
- A discrepancy appears between the custodian's holding report and a fund valuation file. Which first step best fits governance?
Zaroori ideas
Practice bank se · 1
Who normally establishes and promotes a mutual fund structure?
The sponsor is the entity that establishes and promotes the mutual fund structure.
Hint Recall the founder-like participant in the fund structure.
II-B-069Practice bank se · 2
What is the primary responsibility of mutual fund trustees?
Trustees provide oversight to help protect the interests of mutual fund unit holders.
Hint Think about oversight of investor interests.
II-B-070Practice bank se · 3
Who normally manages securities selection and portfolio investments for a mutual fund?
The Asset Management Company manages the scheme's investments according to its mandate.
Hint Separate investment management from record keeping.
II-B-071Practice bank se · 4
What is the principal role of a mutual fund custodian?
A custodian safeguards fund securities and helps administer custody-related operations.
Hint Think about safe custody of portfolio assets.
II-B-072Practice bank se · 5
Which organisation maintains a mutual fund's investor folio and transaction data?
The RTA keeps scheme investor and transaction records for the fund.
Hint Identify the back-office investor servicing party.
II-B-073Practice bank se · 6
A fund manager chooses a new bond, while the RTA records new subscriptions. Which function belongs to the AMC?
The AMC is responsible for security-selection decisions within the scheme investment mandate.
Hint Distinguish portfolio decisions from account administration.
II-B-074Practice bank se · 7
Which party generally carries out an independent review of fund financial statements?
The auditor independently examines financial statements under the applicable audit framework.
Hint Think about financial reporting assurance.
II-B-075Practice bank se · 8
What does a fund accountant primarily support?
Fund accounting supports accurate portfolio valuation, expenses, liabilities and NAV records.
Hint Think about balances, valuations and scheme accounts.
II-B-076Practice bank se · 9
An AMC sends allotment data while the bank reports different collection amounts. Who should reconcile investor-level discrepancies?
The RTA and fund operations teams should reconcile source receipts, accepted applications and allotments.
Hint Match cash and investor records without changing prices.
II-B-077Practice bank se · 10
Why must the scheme's service providers have clearly separated roles?
Clear responsibilities reduce conflicts and support effective oversight of scheme operations.
Hint Consider who checks whose work.
II-B-078Practice bank se · 11
A discrepancy appears between the custodian's holding report and a fund valuation file. Which first step best fits governance?
Portfolio positions should be reconciled with custody evidence before finalising fund valuation data.
Hint Separate safekeeping data from valuation records but reconcile them.
II-B-079