nism v a mutual fund exam mock test 2

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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

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1.

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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2.

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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3.

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

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4.

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

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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.

With which agency are the mutual fund distributors registered?

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7.

_____are close-ended debt funds.

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8.

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

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9.

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

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11.

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

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12.

Mutual funds are constituted as ‘Trusts’ in India. Who are the beneficiaries of the trust?

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13. 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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14.

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

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15.

Investors have the right to specify up to investment folios.

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16.

Mutual fund distributors can only earn upfront commission from the mutual funds. State whether True or False.

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17.

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

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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.

In what form do mutual fund distributors earn revenue?

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20.

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

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21.

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)?

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22.

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

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23.

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

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24.

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

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25.

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

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