nism v a mutual fund exam mock test 1

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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

Which document would NOT indicate anything about the asset allocation pattern of a hybrid fund?

The SAI has information like:

  1. The constitution of the Mutual Fund – Sponsors, Asset Management Company and Trustees.
  2. All information on key personnel of the AMC and associates such as Registrars, Custodians, Bankers, Auditors and Legal Counsel.
  3. All Financial and Legal issues.

 

2 / 25

Which of the following is a non-diversifiable risk?

3 / 25

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

4 / 25

Treynor ratio is a measure of _________

5 / 25

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

6 / 25

Which companies would fall in the category of mid cap as per the SEBI circular on categorization and rationalization of open-ended mutual fund schemes?

Definition of Large Cap, Mid Cap and Small Cap

In  order  to  ensure uniformity  in  respect  of the  investment  universe  for equity schemes, it has been decided to define large cap, mid cap and small cap as follows:

 

Large Cap – 1st – 100th company in terms of full market capitalization

Mid Cap – 101st – 250th company in terms of full market capitalization

Small Cap –   250th company onwards in terms of full market capitalization

This list would be uploaded on the AMFI website and the same would be updated every six months based on the data as on the end of June and December of each year.

7 / 25

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 / 25

Which of the following type of analysis tracks the price and volume data related to trading in the security?

9 / 25

Which among the following is a measure of systematic risk?

10 / 25

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

11 / 25

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

12 / 25

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?

13 / 25

What does a portfolio’s beta measure?

14 / 25

How many multi cap equity funds can an AMC launch?

Only one scheme per category would be permitted, except;

  • Index Funds/ETFs replicating/ tracking different indices,
  • Fund of Funds having different underlaying schemes; and
  • Sectorial/Thematic funds investing in different sectors/themes

 

15 / 25

Mutual fund being a tax-exempt entity, it does not have to pay the Securities Transaction Tax (STT) on the transactions done on the stock exchanges. State whether True or False.

16 / 25

Index funds would have lower turnover in comparison to an actively managed fund

Index funds should see low turnover rates since they are passively managed for the most part

17 / 25

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

18 / 25

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

19 / 25

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

20 / 25

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

21 / 25

The Total Expense Ratio (TER) charged to the fund has no impact on the Net Asset Value (NAV) of the scheme

22 / 25

Which of the following documents provide the asset allocation for the mutual fund schemes?

The SID has information like:

  1. All Fundamental Attributes like Investment Objective and Policies, Asset Allocation Pattern, Fees and Liquidity Provisions.
  2. Fund Management Team details
  3. All Risk Factors in the scheme as well as risk mitigation mechanisms.
  4. Scheme details like load, plans and options, past performance, benchmark.
  5. General Unitholder information.
  6. Other details like list of AMC branches, Investor Service Centres, Official Points of Acceptance.

 

23 / 25

In which of the following mutual fund schemes, the investor has to pay entry load?

24 / 25

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

25 / 25

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

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