NISM V-C Investor Services — Practice Questions
The largest unit in the bank: the processes behind NFOs, open-end and closed-end transactions and ETFs, cut-off times, systematic transactions, nomination, pledge, transmission and the service standards a distributor is held to.
62 questions on Investor Services in the ScoreSetu bank — each with a detailed explanation and, where useful, a memory hook.
What this topic covers
- NFO and ongoing transactions
- ETF transactions
- Cut-off times and applicable NAV
- Nomination, pledge and transmission
Free sample questions
1. The period when on-going transactions are permitted in an open-end scheme is called continuous offer period - State True or False?
- A. True ✅
- B. False
Answer: A — True
Why: The period when on-going transactions are permitted in an open-end scheme is called continuous offer period. It starts from the day after the inception (allotment) date.
💡 CONTINUOUS OFFER PERIOD = when ongoing transactions are allowed in an open-end scheme; starts day after allotment.
2. The Mutual Fund trading platform of NSE is know as _________ .
- A. NEAT PMTT
- B. NEAT MFSS ✅
- C. StAR Mutual Funds Platform
- D. StAR NSE Platform
Answer: B — NEAT MFSS
Why: NSE’s platform is called NEAT MFSS ie. National Exchange for Automated Trading - Mutual Fund Service System.
💡 NSE's MF platform = NEAT MFSS (Mutual Fund Service System); BSE's is BSE StAR MF.
3. SEBI has made it mandatory for AMCs to give unit-holders the right to hold their units of mutual fund schemes in demat form - State True or False ?
- A. True ✅
- B. False
Answer: A — True
Why: The unit holders have the right to hold the units in demat form. They can state their preference at the NFO stage itself.
💡 SEBI mandates AMCs give investors the RIGHT to hold MF units in DEMAT form (choose preference at NFO).
Practise all 62 Investor Services questions
Plus the full 340-question NISM V-C bank and real-feel mock exams.