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

2 / 25

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

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.

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

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

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

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

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9. Treynor ratio is a measure of _________

10 / 25

10. 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

11 / 25

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

12 / 25

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

13 / 25

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

14 / 25

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

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15. Which of these investments is seen as riskiest?

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

17 / 25

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

18 / 25

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

19 / 25

19. Treynor ratio is a measure of _________

20 / 25

20. What is the real rate of return?

21 / 25

21.

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

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22. A nomination made in a mutual fund folio

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

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24.

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

25 / 25

25. 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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/22
5 votes, 4.4 avg
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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.

_____are close-ended debt funds.

2 / 22

2.

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

3 / 22

3.

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

4 / 22

4.

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

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

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6.

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.

7 / 22

7.

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

8 / 22

8.

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

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

10 / 22

10.

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

11 / 22

11.

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.

12 / 22

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

13 / 22

13.

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.

14 / 22

14.

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

15 / 22

15.

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

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16.

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

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17.

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

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

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19.

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

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20. 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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21.

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)?

22 / 22

22.

Investors have the right to specify up to investment folios.

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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

SEBI regulates __________.

2 / 23

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

3 / 23

Unit holders can hold their units in demat form

4 / 23

Sector funds invest in a diverse range of sectors.

5 / 23

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

6 / 23

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

7 / 23

Model portfolios are a waste of time for financial planners

8 / 23

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

9 / 23

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

10 / 23

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

11 / 23

What is the real rate of return?

12 / 23

Most investor service centers are offices of _______

13 / 23

The assets of the mutual fund are held by ______.

14 / 23

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

15 / 23

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

16 / 23

Investor can get into long term investment commitments in ________.

17 / 23

Risk appetite of investors is assessed through _______

18 / 23

Fund accounting activity of a scheme is to be compulsorily outsourced

19 / 23

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

20 / 23

Investment objective defines the broad investment charter.

21 / 23

AMC directors are appointed with the permission of Trustees.

22 / 23

High yield bond schemes invest in junk bonds

23 / 23

The objective of asset allocation is risk management.

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/23
3 votes, 4.3 avg
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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

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

2 / 23

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

3 / 23

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

4 / 23

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

5 / 23

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

6 / 23

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

7 / 23

Which of the following is an advantage of mutual funds?

8 / 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.

9 / 23

With which agency are the mutual fund distributors registered?

10 / 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?

11 / 23

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

12 / 23

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

13 / 23

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

14 / 23

Which of the following regulates mutual funds in India?

 

15 / 23

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

16 / 23

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

 

(Page 105).

17 / 23

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

18 / 23

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

19 / 23

Only individuals are allowed to distribute mutual funds in India.

20 / 23

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

21 / 23

What is real rate of return?

22 / 23

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

23 / 23

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

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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

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

2 / 18

Which of the following statements is True?

3 / 18

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

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

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

7 / 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.

8 / 18

In what form do mutual fund distributors earn revenue?

9 / 18

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

10 / 18

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

11 / 18

Unsystematic risk can be reduced through diversification.

12 / 18

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

13 / 18

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

14 / 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)?

15 / 18

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

16 / 18

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

17 / 18

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

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

Most investor service centers are offices of _______

2 / 18

Fund accounting activity of a scheme is to be compulsorily outsourced

3 / 18

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

4 / 18

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

5 / 18

High yield bond schemes invest in junk bonds

6 / 18

SEBI regulates __________.

7 / 18

What is the real rate of return?

8 / 18

The objective of asset allocation is risk management.

9 / 18

The assets of the mutual fund are held by ______.

10 / 18

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

11 / 18

Unit holders can hold their units in demat form

12 / 18

AMC directors are appointed with the permission of Trustees.

13 / 18

Investment objective defines the broad investment charter.

14 / 18

Risk appetite of investors is assessed through _______

15 / 18

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

16 / 18

Sector funds invest in a diverse range of sectors.

17 / 18

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

18 / 18

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

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The average score is 73%

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