Portfolio Management Services (PMS) Distributors Free Demo Test 10

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1. Investment in antiques is a good example of _______.

a) Security Form Investment

b) Real Investment

c) Financial Investment

d) Intangible Investment

2 / 10

2. Which of the following regulates Portfolio Management Services in India?

a) SEBI (Portfolio Services) Regulations, 1993

b) SEBI (Portfolio Managers) Regulations, 2020

c) SEBI (Portfolio Management) Regulations, 1993

d) SEBI (Portfolio Management Services) Regulations, 1993

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3. What is the minimum period for preservation of books of accounts for a PMS firm?

a) 10 Years

b) 3 Years

c) 8 Years

d) 5 Years

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As per the SEBI (Portfolio Managers) Regulation, 2020 when is the disclosure document of a PMS to be given to the Client?

a) 2 days before the date of signing the agreement

b) Any time before the date of signing the agreement

c) Only on the date of signing the agreement

d) 1 day before the date of signing the agreement

5 / 10

The Compliance Officer reports to the following when there is some non compliance________.

a) SEBI

b) The Board of Directors

c) The Portfolio Manager

d) The Promoters of PMS Firm

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6. Investment Profile of the investor in PMS services need NOT contain the following aspect?

a) Investment Goals

b) Risk Tolerance

c) Amount of Total Investments of the investor

d) Indicative percentage of total investment invested with the PMS

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7. Following actions can be taken by the regulator in case of default by a Portfolio Manager: A. Suspension of Certificate of Registration B. Cancellation of Certificate of Registration

a) Only A

b) Only B

c) Either A or B

d) Both A and B

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Which of the following pieces of information a Portfolio Manager might NOT provide to SEBI?

a) Names of the Clients whose portfolios are being managed

b) Networth of clients whose portfolios are being managed

c) Particulars of the Portfolios Managed

d) Changes in the information related to Registration Certification

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9. This is NOT a compensation which the investor would be paying for any entity’s professional service________.

a) Investment Advisory Fee

b) Stamp Duty

c) Custodian Fees

d) Auditing Fee

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10.

A client invests Rs.2 crore in a PMS with a High Water Mark structure. In Year 1, the portfolio grows to Rs. 2.5 crore. In Year 2, it drops to Rs. 2.2 crore. In Year 3, it rises to Rs. 2.7 crore. On what amount will be the performance fee be charged in Year 3?

a) Rs. 0.5 crore

b) Rs. 0.2 crore

c) Rs. 2.2 crore

d) Rs. 2.7 crore

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Portfolio Management Services (PMS) Distributors Free Demo Test 10

As per the SEBI (Portfolio Managers) Regulation, 2020 when is the disclosure document of a PMS to be given to the Client?

The Compliance Officer reports to the following when there is some non compliance________.

Which of the following pieces of information a Portfolio Manager might NOT provide to SEBI?

A client invests Rs.2 crore in a PMS with a High Water Mark structure. In Year 1, the portfolio grows to Rs. 2.5 crore. In Year 2, it drops to Rs. 2.2 crore. In Year 3, it rises to Rs. 2.7 crore. On what amount will be the performance fee be charged in Year 3?

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