/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. What is the real rate of return?

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2. Which of these investments is seen as riskiest?

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

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

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6. A nomination made in a mutual fund folio

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

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

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9.

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

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

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12.

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

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

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

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

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16.

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

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

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

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

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21. 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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22. 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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23. A distributor is allowed to charge transaction charge of up to 2% on all purchase transaction. State whether True or False.

24 / 25

24. Treynor ratio is a measure of _________

25 / 25

25. Treynor ratio is a measure of _________

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/22
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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.

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

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2. 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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3.

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

4 / 22

4.

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

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5.

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

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

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7.

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

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8.

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

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9.

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

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10.

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

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11.

_____are close-ended debt funds.

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

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14.

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

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15.

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.

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16.

Investors have the right to specify up to investment folios.

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17.

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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18.

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

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20.

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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21.

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

22 / 22

22.

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

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/23
7 votes, 4.9 avg
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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

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

2 / 23

SEBI regulates __________.

3 / 23

Sector funds invest in a diverse range of sectors.

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Risk appetite of investors is assessed through _______

5 / 23

Investment objective defines the broad investment charter.

6 / 23

Fund accounting activity of a scheme is to be compulsorily outsourced

7 / 23

The assets of the mutual fund are held by ______.

8 / 23

Investor can get into long term investment commitments in ________.

9 / 23

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

10 / 23

AMC directors are appointed with the permission of Trustees.

11 / 23

High yield bond schemes invest in junk bonds

12 / 23

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

13 / 23

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

14 / 23

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

15 / 23

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

16 / 23

Unit holders can hold their units in demat form

17 / 23

Most investor service centers are offices of _______

18 / 23

The objective of asset allocation is risk management.

19 / 23

Model portfolios are a waste of time for financial planners

20 / 23

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

21 / 23

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

22 / 23

What is the real rate of return?

23 / 23

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

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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

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

2 / 23

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

3 / 23

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

4 / 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?

5 / 23

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

6 / 23

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

7 / 23

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

8 / 23

With which agency are the mutual fund distributors registered?

9 / 23

Which of the following regulates mutual funds in India?

 

10 / 23

Only individuals are allowed to distribute mutual funds in India.

11 / 23

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

12 / 23

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

13 / 23

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

14 / 23

What is real rate of return?

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

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

17 / 23

Which of the following is an advantage of mutual funds?

18 / 23

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

 

(Page 105).

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

20 / 23

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

21 / 23

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

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

23 / 23

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

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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

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)?

2 / 18

In what form do mutual fund distributors earn revenue?

3 / 18

Which of the following statements is True?

4 / 18

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

5 / 18

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

6 / 18

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

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

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

9 / 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.

10 / 18

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

11 / 18

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

12 / 18

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

13 / 18

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

14 / 18

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

15 / 18

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

16 / 18

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

17 / 18

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

18 / 18

Unsystematic risk can be reduced through diversification.

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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

Investment objective defines the broad investment charter.

2 / 18

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

3 / 18

AMC directors are appointed with the permission of Trustees.

4 / 18

Unit holders can hold their units in demat form

5 / 18

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

6 / 18

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

7 / 18

SEBI regulates __________.

8 / 18

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

9 / 18

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

10 / 18

Risk appetite of investors is assessed through _______

11 / 18

What is the real rate of return?

12 / 18

Fund accounting activity of a scheme is to be compulsorily outsourced

13 / 18

The assets of the mutual fund are held by ______.

14 / 18

Most investor service centers are offices of _______

15 / 18

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

16 / 18

The objective of asset allocation is risk management.

17 / 18

Sector funds invest in a diverse range of sectors.

18 / 18

High yield bond schemes invest in junk bonds

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The average score is 79%

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Engaging in NISM practice exams offers greater advantages than mere study and memorization. These assessments pinpoint your strengths and weaknesses, enabling you to devise an effective strategy. 

Following the newly adopted pattern, integrating NISM practice exams into your learning routine is vital.

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