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

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

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

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5. Which of these investments is seen as riskiest?

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

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7. 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.

8 / 25

8. 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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9. 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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10. The purchasing power of currency changes on account of which of the following?

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

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

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13. Treynor ratio is a measure of _________

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14.

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

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15. A nomination made in a mutual fund folio

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

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17.

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

18 / 25

18.

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

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19. Treynor ratio is a measure of _________

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

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

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22. What is the real rate of return?

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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.

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

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25. 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
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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.

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

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2.

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

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3.

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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4.

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

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5.

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

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6.

_____are close-ended debt funds.

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

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

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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

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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.

Investors have the right to specify up to investment folios.

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

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14.

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

15 / 22

15.

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

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16.

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

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17. 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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18.

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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19.

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

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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.

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

22 / 22

22.

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

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/23
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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

Fund accounting activity of a scheme is to be compulsorily outsourced

2 / 23

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

3 / 23

What is the real rate of return?

4 / 23

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

5 / 23

High yield bond schemes invest in junk bonds

6 / 23

Sector funds invest in a diverse range of sectors.

7 / 23

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

8 / 23

Unit holders can hold their units in demat form

9 / 23

Investment objective defines the broad investment charter.

10 / 23

SEBI regulates __________.

11 / 23

Risk appetite of investors is assessed through _______

12 / 23

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

13 / 23

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

14 / 23

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

15 / 23

Model portfolios are a waste of time for financial planners

16 / 23

AMC directors are appointed with the permission of Trustees.

17 / 23

Investor can get into long term investment commitments in ________.

18 / 23

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

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

20 / 23

The assets of the mutual fund are held by ______.

21 / 23

The objective of asset allocation is risk management.

22 / 23

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

23 / 23

Most investor service centers are offices of _______

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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

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

2 / 23

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

3 / 23

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

4 / 23

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

5 / 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?

6 / 23

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

7 / 23

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

8 / 23

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

9 / 23

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

10 / 23

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

11 / 23

Which of the following is an advantage of mutual funds?

12 / 23

With which agency are the mutual fund distributors registered?

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 statements is ‘True’ with respect to celebrity endorsement for mutual funds?

15 / 23

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

 

(Page 105).

16 / 23

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

17 / 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.

18 / 23

Which of the following regulates mutual funds in India?

 

19 / 23

What is real rate of return?

20 / 23

Only individuals are allowed to distribute mutual funds in India.

21 / 23

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

22 / 23

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

23 / 23

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

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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

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

2 / 18

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

3 / 18

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

4 / 18

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

5 / 18

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

6 / 18

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

7 / 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)?

8 / 18

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

9 / 18

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

10 / 18

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

11 / 18

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

12 / 18

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

13 / 18

Unsystematic risk can be reduced through diversification.

14 / 18

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

15 / 18

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

16 / 18

In what form do mutual fund distributors earn revenue?

17 / 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.

18 / 18

Which of the following statements is True?

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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

High yield bond schemes invest in junk bonds

2 / 18

Risk appetite of investors is assessed through _______

3 / 18

Most investor service centers are offices of _______

4 / 18

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

5 / 18

AMC directors are appointed with the permission of Trustees.

6 / 18

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

7 / 18

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

8 / 18

SEBI regulates __________.

9 / 18

Unit holders can hold their units in demat form

10 / 18

The objective of asset allocation is risk management.

11 / 18

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

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

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

15 / 18

Investment objective defines the broad investment charter.

16 / 18

What is the real rate of return?

17 / 18

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

18 / 18

Sector funds invest in a diverse range of sectors.

Your score is

The average score is 76%

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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.

Access a complimentary mock test for the NISM Mutual Fund V A exam here.