NISM XB CHAPTER 6

“——– has set out a code of conduct to be followed by all Investment Advisers at all times.

Financial Planning include:

Investment Advice includes:

Investment adviser means

Which of the following persons shall not be required to seek registration ?

Investment advisers which are body corporate shall have a net worth of not less than—-

Investment advisers who are individuals or partnership firms shall have net tangible assets of value not less than—

Investment Advisor is required to obtain a certificate of registration from —- to continue his activity.

The certificate of registration granted by SEBI is valid for a period of —–years from the date of its issue

An investment adviser is required to maintain the records in physical or electronic format for a minimum period of—–

Which of the following are responsibility of Investment Advisor?

For suitability check,what are the essential for Investment Advisor?

Essential disclosure required to be made by investment adviser to client:

Which code of conduct it represent required by investment advisor::Which code of conduct it represent required by Investment Advisor: 1. shall ensure that its advice is offered after thorough analysis and taking into account available alternatives. 2.effectively appropriate resources and procedures which are needed for the efficient performance of its business activities.3.ensure that appropriate disclosures are made to the clients and that the clients are fairly treated. 4.requirements applicable to the conduct of its business activities so as to promote the best interests of clients and the integrity of the market.

—– is responsible to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.

—- is the apex regulator of the securities market and also responsible for its orderly growth and protection of the investor’s interests.

RBI’s functions are governed by—-

Which of the following are function of RBI?

SEBI stands for —–

SEBI was set up as —— and under which act?

Which of the following are functions of SEBI? (I) SEBI regulates the business in stock exchanges and other securities markets and registers and regulates the working of intermediaries associated with the securities market such as stock brokers, sub-brokers,etc. (II) SEBI is also involved in promoting and regulating selfregulatory organisations. (III) prohibits insider trading in securities which is detrimental to the interests of the investors.(IV) Conduct inquiries/inspections.

—– mission is to regulate, promote and ensure orderly growth of the insurance sector, including the re-insurance business, while ensuring protection of the interests of insurance policyholders.

IRDAI is regulated by_____

Which are the following are functions of IRDAI? (I) Issuing a certificate of registration or renewing, modifying, withdrawing, suspending or cancelling such registration (II) Specifying the code of conduct for surveyors and loss assessor (III) Protecting the interests of policyholders (IV)To control and regulate the rates and terms and conditions that may be offered by insurers with regard to general insurance, which are not covered by the Tariff Advisory Committee. (V) Regulating the investment of funds by insurance companies

Objective OF Pension Fund Regulatory and Development Authority (PFRDA) :

Functions of PFRDA:1)Regulating the National Pension System and any other pension schemes to which the act applies 2)Approving the schemes and their terms and investment guidelines to manage the corpus 3)Regulating the investment of funds by insurance companies.4)Educating subscribers and the general public on matters relating to retirement savings.

Self-Regulatory Organizations (SRO) in India is governed by:

—– is an organization of intermediaries which represents a particular segment of the securities market and which is duly recognized by SEBI.

The —– maintains the KYC records of an investor centrally

Any person, who has a grievance against a listed company (e.g. non-payment of dividend or issues related to transfer of securities) or against any market intermediary, can file a complaint using—–

The Insurance Regulatory and Development Authority of India (IRDAI) have launchedan online grievance redressal mechanism called—-

An NPS subscriber who is not satisfied with the services offered

Customers of banks who face a deficiency of service can apply to the banking ombudsman for redressal under the

The following complaints are not addressed in SCORES

Disqualification for appointment as insurance intermediary When :

—- is an insurance agent who holds a licence to act as an insurance agent for a life insurer and a general insurer.

. Which of the following can deal with multiple insurance companies?

. Read the following caselet and answer the questions that follow Mr. X is in the business of mutual fund distribution. He wants to become an insurance adviser. a. Which of the following is applicable for Mr. X?

Mr. X wants to pay back to clients, part of the moneys he collects from them?

Mr. X wants to focus on a business where there is no requirement of complying witha code of conduct. He should:

Provided that investment advice given through newspaper, magazines, any electronic or broadcasting or telecommunications medium, which is widely available to the public shall not be considered as investment advice for the purpose of these regulations.

The relationship between the investment adviser and client is that of trust and the investment adviser, while performing his role, should act in good faith in the best interests of the client.