Sample Questions
NISM-Series-19C: Alternative Investment Fund Managers Mock Tests — 5 random MCQs with answers & explanations
← Back to NISM-Series-19C: Alternative Investment Fund Managers Mock TestsThese 5 questions are randomly selected (standard MCQs only, not case-based).
Q1 For a trust structure to be suitable for an AIF in India, it generally needs to be a:
Explanation:
A determinate trust, where the beneficiaries (investors) and their shares are ascertainable, is typically required for AIFs to ensure clarity of ownership.
Marks: 1
Q2 In which structure do both the domestic AIF and the foreign pooled vehicle invest directly into domestic investee companies?
Explanation:
The parallel structure involves co-investment by both the Indian AIF and the offshore feeder fund (or individual foreign investors) into the same companies.
Marks: 1
Q3 Changes in terms of the PPM and fund documents for Category I and II AIFs shall be intimated to investors and SEBI:
Explanation:
Regular consolidated reporting of changes to the PPM/documents is mandated annually.
Marks: 1
Q4 Who is responsible for paying Management Fees in a typical AIF structure?
Explanation:
Management fees are typically charged to and paid by the AIF itself.
Marks: 1
Q5 Under the AIF Regulations, the minimum investment requirement for each investor in an AIF is generally:
Explanation:
The regulations state that an AIF shall not accept a capital commitment of less than INR 1 crore from an investor.
Marks: 1
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