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

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2. Treynor ratio is a measure of _________

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3.

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

4 / 25

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

5 / 25

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

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

7 / 25

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

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8. 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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9. Treynor ratio is a measure of _________

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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.

11 / 25

11. 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

12 / 25

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

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

14 / 25

14.

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

15 / 25

15.

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

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

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

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

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

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

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22. A nomination made in a mutual fund folio

23 / 25

23. What is the real rate of return?

24 / 25

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

25 / 25

25. Which of these investments is seen as riskiest?

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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.

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

2 / 22

2.

_____are close-ended debt funds.

3 / 22

3.

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

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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.

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

7 / 22

7.

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.

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

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9.

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)?

10 / 22

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

11 / 22

11.

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

12 / 22

12.

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

13 / 22

13.

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

14 / 22

14.

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

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15.

Investors have the right to specify up to investment folios.

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16.

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.

17 / 22

17.

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

18 / 22

18.

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

19 / 22

19.

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

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20.

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

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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. 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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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

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

2 / 23

The assets of the mutual fund are held by ______.

3 / 23

Most investor service centers are offices of _______

4 / 23

Investment objective defines the broad investment charter.

5 / 23

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

6 / 23

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

7 / 23

Investor can get into long term investment commitments in ________.

8 / 23

High yield bond schemes invest in junk bonds

9 / 23

Fund accounting activity of a scheme is to be compulsorily outsourced

10 / 23

Unit holders can hold their units in demat form

11 / 23

AMC directors are appointed with the permission of Trustees.

12 / 23

Model portfolios are a waste of time for financial planners

13 / 23

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

14 / 23

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

15 / 23

Sector funds invest in a diverse range of sectors.

16 / 23

The objective of asset allocation is risk management.

17 / 23

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

18 / 23

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

19 / 23

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

20 / 23

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

21 / 23

SEBI regulates __________.

22 / 23

Risk appetite of investors is assessed through _______

23 / 23

What is the real rate of return?

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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

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.

2 / 23

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

3 / 23

Which of the following regulates mutual funds in India?

 

4 / 23

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

5 / 23

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

6 / 23

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

7 / 23

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

8 / 23

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

9 / 23

What is real rate of return?

10 / 23

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

11 / 23

With which agency are the mutual fund distributors registered?

12 / 23

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

13 / 23

Which of the following is an advantage of mutual funds?

14 / 23

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

15 / 23

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

16 / 23

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

17 / 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?

18 / 23

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

 

(Page 105).

19 / 23

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

20 / 23

Only individuals are allowed to distribute mutual funds in India.

21 / 23

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

22 / 23

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

23 / 23

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

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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

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

2 / 18

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

3 / 18

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

4 / 18

Which of the following statements is True?

5 / 18

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

6 / 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)?

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

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

10 / 18

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

11 / 18

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

12 / 18

In what form do mutual fund distributors earn revenue?

13 / 18

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

14 / 18

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

15 / 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.

16 / 18

Unsystematic risk can be reduced through diversification.

17 / 18

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

18 / 18

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

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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

Most investor service centers are offices of _______

2 / 18

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

3 / 18

Investment objective defines the broad investment charter.

4 / 18

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

5 / 18

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

6 / 18

Risk appetite of investors is assessed through _______

7 / 18

AMC directors are appointed with the permission of Trustees.

8 / 18

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

9 / 18

The objective of asset allocation is risk management.

10 / 18

Unit holders can hold their units in demat form

11 / 18

The assets of the mutual fund are held by ______.

12 / 18

Sector funds invest in a diverse range of sectors.

13 / 18

High yield bond schemes invest in junk bonds

14 / 18

SEBI regulates __________.

15 / 18

What is the real rate of return?

16 / 18

Fund accounting activity of a scheme is to be compulsorily outsourced

17 / 18

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

18 / 18

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

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