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NISM Mock Test 1

NISM V-A Mutual Fund Distributor   Certification Exam - Online solve question answer banks with mock test practice 100+ question

1 / 8

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

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2. In which categories of schemes can the Instant Access Facility allowed?

3 / 8

3. 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?

4 / 8

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

5 / 8

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

6 / 8

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

7 / 8

7. 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? *

8 / 8

8. Treynor ratio is a measure of _________

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Mutual Fund Mock Test

NISM Mock Test 2

NISM V-A Mutual Fund Distributor   Certification Exam - Online solve question answer banks with mock test practice 100+ question

1 / 22

1.

Investors have bought 20 crore units of a mutual fund scheme at Rs. 10 each. The scheme has thus mobilized 20 crore units X Rs. 10 per unit i.e., Rs 200 crore. An amount of Rs. 140 crore is invested in equities. The balance amount of Rs 60 crore, mobilized from investors, was placed in bank deposits. Interest and dividend receivable (accrued but yet not received) by the scheme is Rs 8 crore, scheme expenses payable (accrued but not paid yet) is Rs 4 crore. Calculate the scheme’s NAV per unit.

2 / 22

2.

Which amongst the following is a measure of risk-adjusted returns of mutual fund scheme?

3 / 22

3.

An investor invested in scheme A when the scheme’s NAV was Rs. 120 per unit. The investor redeemed the investments at the NAV of Rs. 135. Calculate the simple return.

4 / 22

4.

Passive funds are safe, as the NAV of such funds do not go down even when the respective markets fall. State whether this is True or False.

5 / 22

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

6 / 22

6.

_____are close-ended debt funds.

7 / 22

7.

How many (maximum) bank accounts can a resident individual investor register with a mutual fund folio?

8 / 22

8.

In the non-equity-oriented funds, the rate of long-term capital gains tax is .

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9.

Mutual funds are allowed to charge differential exit loads based on the amount of investment.

10 / 22

10.

Which of the following cannot be considered for the purpose of selecting a scheme’s benchmark?

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11.

As per the SEBI guidelines, how often should the mutual fund scheme’s portfolio be published?

12 / 22

12.

Investors have the right to specify up to investment folios.

13 / 22

13.

Which among the following schemes would have lower risk of concentration?

14 / 22

14.

Which of the following is a measure of fluctuation in periodic returns in an equity mutual fund scheme?

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

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16.

When the interest rate in the economy increases, the price of existing bonds .

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17. Which among the following is not a statutory document?

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18.

Whose KYC needs to be completed in case of an application by a minor?

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19. For an investor to get a quick sense of the level of risk involved in a mutual fund scheme, SEBI suggested a simplified framework known as

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

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21.

Redemption from which of the following mutual fund schemes would attract Securities Transaction Tax (STT) for an investor?

22 / 22

22.

What minimum percentage of the mutual fund scheme corpus must be invested in equity and related instruments in the case of Equity Linked Savings Schemes (ELSS)?

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NISM Mock Test 3

NISM V-A Mutual Fund Distributor   Certification Exam - Online solve question answer banks with mock test practice 100+ question

1 / 23

Which among the following investment avenues does not offer income on a regular basis?

2 / 23

Sector funds invest in a diverse range of sectors.

3 / 23

What is the real rate of return?

4 / 23

Distribution phase of Wealth Cycle is a parallel of Retirement phase of Life Cycle

5 / 23

Statement of Account is to be sent to investors within ___ days of NFO closure

6 / 23

The asset allocation that is worked out for an investor based on risk profiling is called _______.

7 / 23

Risk appetite of investors is assessed through _______

8 / 23

Fund accounting activity of a scheme is to be compulsorily outsourced

9 / 23

High yield bond schemes invest in junk bonds

10 / 23

Model portfolios are a waste of time for financial planners

11 / 23

How much equity would you suggest for a young well settled unmarried individual

12 / 23

Investor can get into long term investment commitments in ________.

13 / 23

The objective of asset allocation is risk management.

14 / 23

Within ___ days of dividend declaration, warrants will have to be sent to investors

15 / 23

The assets of the mutual fund are held by ______.

16 / 23

Most investor service centers are offices of _______

17 / 23

AMC directors are appointed with the permission of Trustees.

18 / 23

Investment objective defines the broad investment charter.

19 / 23

Unit's of ____________ must be listed on the stock exchange.

20 / 23

SEBI regulates __________.

21 / 23

Unit holders can hold their units in demat form

22 / 23

Open-ended schemes generally offer exit option to investors through a stock exchange

23 / 23

According to the Certified Financial Planner – Board of Standards (USA), the first stage in financial
planning is _____________.

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NISM Mock Test 4

NISM V-A Mutual Fund Distributor   Certification Exam - Online solve question answer banks with mock test practice 100+ question

1 / 23

“Please read the scheme related documents carefully” – which documents does this line refer to?

2 / 23

Investors have the right to specify upto ___ nominees for their mutual fund investment folios.

3 / 23

Which among the following investment avenues does not offer income on a regular basis?

4 / 23

Who handles the day-to-day management of the mutual fund?

5 / 23

How often should the Key Information Memorandum (KIM) be updated?

 

(Page 105).

6 / 23

When interest rate in the economy increases, the price of existing bonds ____.

7 / 23

The transparency levels in mutual funds are very low. State whether True or False.

8 / 23

The purchasing power of currency changes on account of which of the following?

9 / 23

Whose job is it to track the various corporate actions like bonus, dividend, or rights issues in companies where the mutual fund scheme has invested?

10 / 23

Only individuals are allowed to distribute mutual funds in India.

11 / 23

Which amongst the following categories of mutual funds have a fixed maturity date?

12 / 23

_____ indicates how much money can be generated per unit of mutual fund in case the scheme is liquidated.

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What is real rate of return?

14 / 23

Each mutual fund scheme must have a stated investment objective. State whether True or False.

15 / 23

Registrar and Transfer Agency function must be independent of the Asset Management Company, and it cannot be retained in-house. State whether this statement is True or False.

16 / 23

Mutual funds can buy and sell securities only on delivery basis.

17 / 23

Which of the following is an advantage of mutual funds?

18 / 23

Which of the following statements is ‘TRUE’ with respect to the Scheme Information Document (SID) and Statement of Additional Information (SAI)?

19 / 23

Which of the following statements is ‘True’ with respect to celebrity endorsement for mutual funds?

20 / 23

Which of the following regulates mutual funds in India?

 

21 / 23

Providing funds for a daughter’s marriage is an example of _______.

22 / 23

With which agency are the mutual fund distributors registered?

23 / 23

Mutual Fund Distributors Certification Examination offered by __________ is required for becoming a mutual fund distributor.

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/18
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NISM Mock Test 5

NISM V-A Mutual Fund Distributor   Certification Exam - Online solve question answer banks with mock test practice 100+ question

1 / 18

Mutual fund distributors can only earn upfront commission from the mutual funds.

2 / 18

In case of capital gains from mutual fund investments, Tax Deduction at Source (TDS) is applicable for: _________

3 / 18

Which of the following statements is True?

4 / 18

In what form do mutual fund distributors earn revenue?

5 / 18

Government securities can be considered to be completely risk-free.

6 / 18

Mutual fund distributors earn no commission when the investor chooses to invest in “direct” plans.

7 / 18

_________ takes into account all dividends generated from the basket of constituents that make up the index in addition to the capital gains.

8 / 18

In case of mutual fund schemes, dividends can be paid only out of _________.

9 / 18

As per the fair valuation principles laid out by SEBI, it is mandatory to disclose the valuation policy in ______.

10 / 18

‘Once it is finalized, a mutual fund scheme’s benchmark cannot be changed at a later date.’

11 / 18

What is the tax applicable on the income earned by the mutual fund schemes?

12 / 18

Redemption from which of the following mutual fund schemes would attract Securities Transaction Tax (STT) for an investor?

13 / 18

What is the maximum Total Expense Ratio chargeable in case of index funds?

14 / 18

Investors have bought 20 crore units of a mutual fund scheme at Rs. 10 each. The scheme has thus mobilized 20 crore units X Rs. 10 per unit i.e. Rs 200 crore. An amount of Rs. 140 crore is invested in equities. The balance amount of Rs 60 crore, mobilized from investors, was placed in bank deposits. Interest and dividend receivable (accrued but yet not received) by the scheme is Rs 8 crore, scheme expenses payable (accrued but not paid yet) is Rs 4 crore. Calculate the scheme’s NAV per unit.

15 / 18

At what price are the bonus units issued to the unitholder?

16 / 18

Unsystematic risk can be reduced through diversification.

17 / 18

What term is used to describe the Net Asset Value (NAV) of the scheme after the dividend is paid out (Remember the NAV would have dropped to the extent of the dividend paid and the Dividend Distribution Tax, thereon)?

18 / 18

The Income Tax Act allows setting-off of the short term capital loss against long term capital gains.

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/18
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NISM Mock Test 6

NISM V-A Mutual Fund Distributor   Certification Exam - Online solve question answer banks with mock test practice 100+ question

1 / 18

SEBI regulates __________.

2 / 18

Investment objective defines the broad investment charter.

3 / 18

Open-ended schemes generally offer exit option to investors through a stock exchange

4 / 18

What is the real rate of return?

5 / 18

Statement of Account is to be sent to investors within ___ days of NFO closure

6 / 18

Unit's of ____________ must be listed on the stock exchange.

7 / 18

Which among the following investment avenues does not offer income on a regular basis?

8 / 18

Unit holders can hold their units in demat form

9 / 18

High yield bond schemes invest in junk bonds

10 / 18

Most investor service centers are offices of _______

11 / 18

Fund accounting activity of a scheme is to be compulsorily outsourced

12 / 18

Risk appetite of investors is assessed through _______

13 / 18

The objective of asset allocation is risk management.

14 / 18

AMC directors are appointed with the permission of Trustees.

15 / 18

Within ___ days of dividend declaration, warrants will have to be sent to investors

16 / 18

The assets of the mutual fund are held by ______.

17 / 18

Sector funds invest in a diverse range of sectors.

18 / 18

The asset allocation that is worked out for an investor based on risk profiling is called _______.

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NISM VI- A -Chapter-12-I

1 / 5

_________ are close-ended debt funds.

 

2 / 5

Which among the following schemes would have lower risk of concentration?

3 / 5

Passive funds are safe, as the NAV of such funds do not go down even when the respective markets fall. State whether this is True or False

4 / 5

For an investor to get a quick sense of the level of risk involved in a mutual fund scheme, SEBIsuggested a simplified framework known as ___________.

5 / 5

Which of the following scheme categories would be considered the least risky in terms of credit risk?

Your score is

The average score is 88%

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/25
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NISM Mock Test 1

NISM V-A Mutual Fund Distributor   Certification Exam - Online solve question answer banks with mock test practice 100+ question

1 / 25

1. 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? *

2 / 25

2. The purchasing power of currency changes on account of which of the following?

3 / 25

3. 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?

4 / 25

4. A nomination made in a mutual fund folio

5 / 25

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

6 / 25

6. Which of these investments is seen as riskiest?

7 / 25

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

8 / 25

8. Passive funds are safe, as the NAV of such funds do not go down even when the respective markets fall. State whether this is True or False

9 / 25

9. When the interest rate in the economy increases, the price of existing bonds _________.

10 / 25

10. In which categories of schemes can the Instant Access Facility allowed?

11 / 25

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

12 / 25

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

13 / 25

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

14 / 25

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

15 / 25

15. Treynor ratio is a measure of _________

16 / 25

16. Which amongst the following asset categories can also be purchased for consumption purposes apart from an investment?

17 / 25

17. Which of the following need to compulsorily register as investment adviser with SEBI?

18 / 25

18.

Mutual funds are allowed to charge differential exit loads based on the amount of investment.

19 / 25

19.

Which among the following schemes would have lower risk of concentration?

20 / 25

20. What is the real rate of return?

21 / 25

21. 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.

22 / 25

22.

How many (maximum) bank accounts can a resident individual investor register with a mutual fund folio?

23 / 25

23. Treynor ratio is a measure of _________

24 / 25

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

25 / 25

25. Which of these investments is most likely to be affected by inflation?

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Quiz Chapter I - INVESTMENT LANDSCAPE

This chapter is important as it lays the foundation for understanding the securities markets, financial instruments, and investment planning.

1 / 9

What is the primary purpose of evaluating the factors like safety, liquidity, and returns when choosing an investment option?

2 / 9

Why is interest rate risk more directly associated with bonds than stocks?

3 / 9

What is the main risk associated with investments in bonds and debentures

4 / 9

Which asset class is considered the safest for investors?

5 / 9

What is the primary characteristic of real estate as an asset class?

6 / 9

How does inflation impact the planning and funding of long-term financial goals?

7 / 9

What are the three most important factors to evaluate investments?

8 / 9

What is the key difference between saving and investing, as discussed in the passage?

9 / 9

What is the primary purpose of discussing financial goals and time horizon for their achievement in the context of investments?

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