0%
NISM V-A Mock Test 1

NISM V-A Mock Test 1

NISM V-A (Mutual Fund Distributor Module) Exam | Mock Test 1

1 / 50

1. The highest authority among the following is
the 

2 / 50

2. The maximum load that a fund can charges determined by the

3 / 50

3. The AMC of a mutual fund cannot 

4 / 50

4. A Gilt Fund is a special type of fund that invests

5 / 50

5. Commercial Paper is issued by Corporate bodies

6 / 50

6. A high turnover rate for a fund indicates 

7 / 50

7. The greatest potential for growth in capital is offered by

8 / 50

8. Distribution and sales practices are only partly regulated by SEBI at present 

9 / 50

9. Issuing and redeeming units of a mutual
fund is the role

10 / 50

10. Units from an open-ended mutual fund are bought

11 / 50

11. 'Key Information Memorandum' is

12 / 50

12. If the NAV of an open-ended fund was Rs.16 at the beginning of the year and Rs.22 after 13 months, the annualised change in NAV is

13 / 50

13. The entity that SEBI does not regulate is

14 / 50

14. A mutual fund owned by 

15 / 50

15. The additional yield required to account for the risk of default by the borrower is known as 

16 / 50

16. A better performance than the return on index
is given by 

17 / 50

17. In the wholesale debt market, the largest proportion of trading is seen in

18 / 50

18. Equity derivative instruments are

19 / 50

19. A funds NAV is affected by

20 / 50

20. A put provision in a debt issue allows

21 / 50

21. Shares of companies with large capital market
capitalisation

22 / 50

22. Debt securities bought at a discount to their face value are generally

23 / 50

23. The NAV of each scheme should be updated on AMFI's Website

24 / 50

24. The investment policies listed out in the offer
document of a fund do not include

25 / 50

25. The amount to buy 100 units of a scheme having a entry load of 1.5% and NAV of Rs. 20 each:

26 / 50

26. The custodian of a mutual fund: 

27 / 50

27. A fixed term plan series is

28 / 50

28. An investor in a closed-ended mutual fund can get his/her money back by selling his/her units

29 / 50

29. The Price/Earnings (P/E) Ratio is an important
measure of a company's anticipated
performance. It is calculated using:

30 / 50

30. Are Mutual Fund agents/distributors in India
required to pass any examination to qualify to sell
Mutual Fund Units

31 / 50

31. The following need not be covered in a Key Information Memorandum

32 / 50

32. A compliance officer

33 / 50

33. After dividend declaration, unit-holders are
entitled to receive dividend within

34 / 50

34. NAVs of equity funds are not affected by

35 / 50

35. The sponsor of a mutual fund may be
compared to 

36 / 50

36. If 10-year government securities Neil 10% and a 10-Year fixed deposit in a company yields 12%, the yield spread is

37 / 50

37. The most suitable measure of fund performance for all fund types is

38 / 50

38. The offer document is not a legal document 

39 / 50

39. An Open-ended mutual fund is one that has:

40 / 50

40. When computing NAV of fund SEBI requires
accrual of major expenses to be accounted

41 / 50

41. An offer document contains an AMC's
investor grievance's history for the past

42 / 50

42. A call provision in a debt issue allows the issuer to

43 / 50

43. Market capitalisation of a company is
calculated by multiplying the number of
outstanding shares by

44 / 50

44. Of the following fund types the highest risk is associated with

45 / 50

45. The trust that manages a mutual fund is
appointed by 

46 / 50

46. It may not be possible to reinvest interest received at the same rate as principal. This is known as

47 / 50

47. A close-ended mutual fund has a fixed:

48 / 50

48. Technical analysis guides the decision on 

49 / 50

49. A company whose earnings are strongly related to the state of economy is known as

50 / 50

50. The day on which NAV is calculated by a fund is known as

Your score is

The average score is 59%

0%


Mock Test 1  |  Mock Test 2  |  Mock Test 3  |  Mock Test 4  |  Mock Test 5  |  Mock Test 6  |  Mock Test 7  |  Mock Test 8  |  Mock Test 9  |  Mock Test 10

This mock test will help you familiarize yourself with the exam format, assess your knowledge, and identify areas that may need further study.

Remember that while mock tests can benefit practice, it’s important to understand the concepts and principles behind each question thoroughly.

Good luck with your preparation for the NISM Series V-A exam!NISM Exam

For the latest and most accurate information, please visit the NISM website at https://certifications.nism.ac.in/nismaol/.