NISM Mock Test 3
NISM V-A Mutual Fund Distributor Certification Exam – Online solve question answer banks with mock test practice 100+ question
1 / 25
SEBI regulates __________.
2 / 25
Distribution phase of Wealth Cycle is a parallel of Retirement phase of Life Cycle
3 / 25
Fund accounting activity of a scheme is to be compulsorily outsourced
4 / 25
The objective of asset allocation is risk management.
5 / 25
Which of the following is an advantage of mutual funds?
6 / 25
Investor can get into long term investment commitments in ________.
7 / 25
AMC directors are appointed with the permission of Trustees.
8 / 25
The assets of the mutual fund are held by ______.
9 / 25
Open-ended schemes generally offer exit option to investors through a stock exchange
10 / 25
Which among the following investment avenues does not offer income on a regular basis?
11 / 25
High yield bond schemes invest in junk bonds
12 / 25
Unit’s of ____________ must be listed on the stock exchange.
13 / 25
Statement of Account is to be sent to investors within ___ days of NFO closure
14 / 25
Each mutual fund scheme must have a stated investment objective. State whether True or False.
15 / 25
According to the Certified Financial Planner – Board of Standards (USA), the first stage in financialplanning is _____________.
16 / 25
Unit holders can hold their units in demat form
17 / 25
How much equity would you suggest for a young well settled unmarried individual
18 / 25
Most investor service centers are offices of _______
19 / 25
Risk appetite of investors is assessed through _______
Risk profiling is an approach to understand the risk appetite of investors – an essential pre-requisite to advise investors on their investments.
20 / 25
Investment objective defines the broad investment charter.
21 / 25
Model portfolios are a waste of time for financial planners
22 / 25
Within ___ days of dividend declaration, warrants will have to be sent to investors
23 / 25
The asset allocation that is worked out for an investor based on risk profiling is called _______.
Strategic Asset Allocation is the ideal that comes out of the risk profile of the individual, the return requirement to meet the goals and the investment horizon. Risk profiling is key to deciding on the strategic asset allocation. The allocation to the various asset classes is not driven by their expected performance. The most simplistic risk profiling thumb rule is to have as much debt in the portfolio, as the number of years of age. As the person grows older, the debt component of the portfolio keeps increasing. This is an example of strategic asset allocation.
Tactical Asset Allocation is the decision that comes out of calls on the likely behaviour of the market. An investor who decides to go overweight on equities i.e. take higher exposure to equities, because of expectations of buoyancy in industry and share markets, is taking a tactical asset allocation call.
Tactical asset allocation is suitable only for seasoned investors operating with large investible surpluses. Even such investors might like to set a limit to the size of the portfolio on which they would take frequent tactical asset allocation calls
24 / 25
What is the real rate of return?
25 / 25
Sector funds invest in a diverse range of sectors.
Your score is
The average score is 67%
Please rate this quiz
Mutual Fund Mock Test 1
Mutual Fund Mock Test 2
Mutual Fund Mock Test 3
Mutual Fund Mock Test 4
Mutual Fund Mock Test 5