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Created on By Rajendra

NISM Mock Test 6

In this post, we present a set of 25 questions that are designed to test your knowledge and understanding of the latest Jun month 2023- CPE -NISM Exam. Use this set as a valuable resource to gauge your understanding and enhance your exam readiness. Good luck!

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1. Which of the following is a non-diversifiable risk?

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2. Tax Deduction at Source (TDS) would be applicable on capital gains from mutual funds for which of the following investor category?

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3. What is the maximum limit allowed under Instant Access Facility?

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4. A distributor is allowed to charge transaction charge of up to 2% on all purchase transaction. State whether True or False.

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5. Which of the following statements is true in case of income tax on the dividend income earned by a resident Indian investor?

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6. Index funds would have lower turnover in comparison to an actively managed fund

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7. A segregated portfolio can be created under one of the following situations. Identify the situation:

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8. Which companies would fall in the category of large cap as per the SEBI circular on categorization and rationalization of open-ended mutual fund schemes?

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9. In which of the following fund categories ONLY one scheme is allowed post the SEBI circular on categorization and rationalization of open-ended mutual fund schemes?

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10. In case of death of the ARN holder, the nominee is eligible to earn trail commission on old business only after the nominee clears NISM Series V-A examination.

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11. Recently SEBI introduced a provision in case of debt funds to protect to investor against potentially very high losses caused by illiquidity in case of a credit event. Which provision are we referring to?

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12. In which of the following funds, the long term capital gains tax would be payable after adjustment for indexation?

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13. Which of the following documents provide the asset allocation for the mutual fund schemes?

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14. The Total Expense Ratio (TER) charged to the fund has no impact on the Net Asset Value (NAV) of the scheme

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15. What does a portfolio’s beta measure?

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16. Treynor ratio is a measure of _________

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17. Dividend from mutual fund schemes is taxable in the hands of the investor. State whether True or False.

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18. Which of the following mutual fund schemes would have real time NAV?

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19. Mutual fund being a tax-exempt entity, it does not have to pay the Securities Transaction Tax (STT) on the transactions done on the stock exchanges. State whether True or False.

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20. Which document would NOT indicate anything about the asset allocation pattern of a hybrid fund?

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21. How many focused equity funds can an AMC launch?

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22. In which of the following mutual funds the unit capital cannot change during the life of the fund?

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23. In which of the following mutual fund schemes, the investor has to pay entry load?

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24. Which of the following is a measure of the risk in an equity index fund?

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25. What is the most important reason why benchmarks are required in case of mutual funds?

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Free NISM Mock Test - This Series Prepare by Mutual Fund Distributor