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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. Treynor ratio is a measure of _________

2 / 8

2. 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? *

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

6 / 8

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

7 / 8

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

8 / 8

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

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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.

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.

3 / 22

3.

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

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

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5.

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

7 / 22

7.

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

8 / 22

8.

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

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9. 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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10. 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

11 / 22

11.

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

12 / 22

12.

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

13 / 22

13.

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

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14.

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.

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15.

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

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16.

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

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17.

Investors have the right to specify up to investment folios.

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18.

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

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

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20.

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

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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.

_____are close-ended debt funds.

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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

Most investor service centers are offices of _______

2 / 23

Unit holders can hold their units in demat form

3 / 23

Investor can get into long term investment commitments in ________.

4 / 23

AMC directors are appointed with the permission of Trustees.

5 / 23

The objective of asset allocation is risk management.

6 / 23

High yield bond schemes invest in junk bonds

7 / 23

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

8 / 23

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

9 / 23

Risk appetite of investors is assessed through _______

10 / 23

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

11 / 23

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

12 / 23

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

13 / 23

Fund accounting activity of a scheme is to be compulsorily outsourced

14 / 23

Investment objective defines the broad investment charter.

15 / 23

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

16 / 23

What is the real rate of return?

17 / 23

Model portfolios are a waste of time for financial planners

18 / 23

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

19 / 23

The assets of the mutual fund are held by ______.

20 / 23

SEBI regulates __________.

21 / 23

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

22 / 23

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

23 / 23

Sector funds invest in a diverse range of sectors.

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/23
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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?

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

3 / 23

With which agency are the mutual fund distributors registered?

4 / 23

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

5 / 23

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

6 / 23

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

7 / 23

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

 

(Page 105).

8 / 23

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

9 / 23

Only individuals are allowed to distribute mutual funds in India.

10 / 23

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

11 / 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.

12 / 23

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

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

14 / 23

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

15 / 23

What is real rate of return?

16 / 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?

17 / 23

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

18 / 23

Which of the following regulates mutual funds in India?

 

19 / 23

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

20 / 23

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

21 / 23

Which of the following is an advantage of mutual funds?

22 / 23

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

23 / 23

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

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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

Which of the following statements is True?

2 / 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)?

3 / 18

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

4 / 18

In what form do mutual fund distributors earn revenue?

5 / 18

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

6 / 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.

7 / 18

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

8 / 18

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

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

Unsystematic risk can be reduced through diversification.

12 / 18

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

13 / 18

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

14 / 18

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

15 / 18

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

16 / 18

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

17 / 18

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

18 / 18

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

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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

The assets of the mutual fund are held by ______.

3 / 18

Fund accounting activity of a scheme is to be compulsorily outsourced

4 / 18

High yield bond schemes invest in junk bonds

5 / 18

Sector funds invest in a diverse range of sectors.

6 / 18

Investment objective defines the broad investment charter.

7 / 18

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

8 / 18

Unit holders can hold their units in demat form

9 / 18

Risk appetite of investors is assessed through _______

10 / 18

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

11 / 18

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

12 / 18

AMC directors are appointed with the permission of Trustees.

13 / 18

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

14 / 18

Most investor service centers are offices of _______

15 / 18

The objective of asset allocation is risk management.

16 / 18

What is the real rate of return?

17 / 18

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

18 / 18

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

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The average score is 78%

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Created on By Rajendra

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 91%

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

2 / 25

2. 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? *

3 / 25

3. 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.

4 / 25

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

5 / 25

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

6 / 25

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

7 / 25

7. Which of these investments is seen as riskiest?

8 / 25

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

9 / 25

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

10 / 25

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

11 / 25

11.

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

12 / 25

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

13 / 25

13. Treynor ratio is a measure of _________

14 / 25

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

15 / 25

15. Treynor ratio is a measure of _________

16 / 25

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

17 / 25

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

18 / 25

18. A nomination made in a mutual fund folio

19 / 25

19. What is the real rate of return?

20 / 25

20. 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?

21 / 25

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

22 / 25

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

23 / 25

23.

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

24 / 25

24.

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

25 / 25

25. 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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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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The average score is 62%

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Category

Exam Location

NISM Certification Examinations are available in more than 150 cities across India.

Exam Details

  • Fees - 1500
  • No of Question - 100
  • Test Duration - 120 Minutes
  • Pass Marks - 50
  • Certificate Validity - 3 Yr
  • No negative marks for incorrect answer

Guideline Article after Pass NISM Exam