Mock Test 2 - TheMFCentral

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NISM V-A Mock Test 2

NISM V-A (Mutual Fund Distributor Module) Exam | Mock Test 2

1 / 50

If a third party payment is to be made for subscribing to a mutual fund scheme, then which of the following is/are essentially required?

The third party has to provide PAN details and als comply with KYC norms

None of these

The third party should also have a folio with the mutual fund

The minimum investment has to be Rs. 50,000

2 / 50

Returns in international fund is dependent on

Exchange rates

Asset class performance

Both of the above

None of the above

3 / 50

Which of the following is not government saving scheme?

RBI Bonds

Infrastructure Bonds

POST

KVP

4 / 50

STT is charged on

Equity MF

Equity share trading

Derivatives trading

All of the above

5 / 50

Which of the following is true

STT is payable when investor purchase debt MF

STT is payable when investor does redemption from equity MF

STT is payable when investor sale debt MF

STT is payable when investor purchase equity MF

6 / 50

SIP is a good investment strategy because..

No load investment done

Investor gets units at a discount to NAV

It offers benefits of rupee cost averaging

It helps regular income for investor

7 / 50

An investor invested Rs.100000/- in a 370 days FMP and got Rs. 107750/-, what is capital gain in this case?

7750

750

Insufficient details

10% Plus surcharge or 20% after index benefit

8 / 50

The investment in MF portfolio are valued at

cost of investment

Face value of portfolio

Market value of portfolio

Book value of portfolio

9 / 50

Unaudited accounts of the scheme must be published

Once every six month in one national & Regional news paper

Only at AMFI website

through monthly fact sheet

Only on AMC's website

10 / 50

Index funds are safer because their NAV does not go down

TRUE

FALSE

11 / 50

An investor is doing a liquid investment, fund is available and time is 12.30. NAV would be applicable for the _______

Next working day

Same day

Closing NAV of Day immediately preceding next business day

Closing NAV of Day immediately preceding the date of application

12 / 50

In case of equity fund, if fund has higher allocation to cash in bullish market the performance is likely to..

Be worse than benchmark return

Be comparable to that of benchmark index

Better than benchmark return

cant say

13 / 50

An investor plans to invest Rs.12000 in a scheme whose NAV is 12 and FV is 10, how many units is he likely to be obtained.

cant say

1000

1200

<1000

14 / 50

Which of the following document is not require to be submitted by charitable trust to invest in MF?

Board resolution and Memorandum and article of association

List of authorized signatories

Trust deed

certificate of registration

15 / 50

SEBI has put a stop on charging ____________ to the scheme.

CDSC

Entry Load

Recurring Expenses

Exit load

16 / 50

A mutual fund distributor is paid commission for..

As long as investor held the investment

First 5 years of Investment done by investor

First 3 years of Investment done by investor

First 10 years of investment done by investor

17 / 50

Capital gain or loss from mutual fund investment are classified as a short
term investment are if sold within

6 months

9 months

13 months

12 months

18 / 50

If absolute return was 2.4% over 50 days, annualized return would be____________

0.05

0.175

0.024

1.2

19 / 50

Performance of fund must always be measured relative to the

Investment objective

Benchmark

Asset Class

Index

20 / 50

In case of liquid fund, investment less than 3 months old. which return would be calculated?

Total return

CAGR

Absolute return

Simple annualized

21 / 50

The information on minimum investment amount, investor's service centers, and how to make purchase is provided in.

Nomination Form

None of the above

Application form

KIM

22 / 50

The lower risk among equity fund is

Growth fund

Dividend yield fund

Index Fund

Value Fund

23 / 50

Offering for repurchase, constant amounts worth of units at regular interval basis is called

SIP

Value investment

SWP

STP

24 / 50

A Trader believes that he can always outperform the market. This is an example of __________.

Recency bias

Anchoring bias

Overconfidence / Optimism bias

Herd Mentality bias

25 / 50

Time stamping needs to start with serial no 1 on every business day.

FALSE

TRUE

26 / 50

Identify the True statement/s:

A) An Addendum must accompany the KIM B) Addendum is considered to be a part of the Scheme related documents

Only A is true

Both A and B are True

Only B is True

None of them are True

27 / 50

The guideline issued by AMFI for intermediaries are known as...

ACE

AMFI

AGNI

none of above

28 / 50

Investor invest 50 lakh in GILT at 3.30 pm with a local cheque. he gets NAV of

Next business day

Closing NAV of day fund are available

Next preceding day

Same day

29 / 50

While evaluating return for an index fund across a peer group, which of the following is more important?

Tracking error

Past performance

R-squared

BETA Coefficient

30 / 50

Difference between scheme's actual return and optimal return for it's risk is

Sharpe

Alpha

Treynor

Spread

31 / 50

A value fund is expected to have ________ exposure to front line stocks

High

Entire

Half of it's

Low

32 / 50

Probabilities of losing money in equity is negligible if investment horizon is for at least

6 months

5 years

3 years

1 years

33 / 50

Which expenses can be changed by the AMC to a mutual fund scheme?

Expenses which are incurred to launch the fund

Expenses which are incurred to manage the fund

Expenses which are incurred by the AMC

Expenses which are incurred by investors in buying the fund

34 / 50

Mr. Mahesh invests Rs. 2,00,000 in a mutual fund with a face value of Rs. 10 and NAV of Rs. 50. How many units will be allotted to him?

4000 units

Will be lower than 20000 units due to entry load

20000 units

Will be lower than 4000 units due to entry load

35 / 50

If one wants to know the General Risk Factors, than which documents should he read?

Fund Factsheet

Documents filed with SEBI

Key Information Memorandum (KIM)

Scheme Information Documents (SID)

36 / 50

CRISIL's indicator for highest safety in a debenture is

Good

AAA

P1+

High

37 / 50

An investor seeking capital appreciation, having high risk tolerance and
long term horizon must invest in

Real-Estate

Bank FD

PPF

Bonds

38 / 50

Exit loads are generally lower for large investors

False

True

39 / 50

Credit rating enables an investors to judge the

Interest rate risk

Duration of loan

Risk of default by borrower

Extent of securities against the borrowing

40 / 50

Balance funds are for

highly aggressive investor

Moderate conservative

Aggressive investors

Highly conservative

41 / 50

Liquid funds can not charge management fees of funds parked in a short term bank deposits

FALSE

TRUE

42 / 50

Which of the following is not required for KYC norms.

All of the above

Proof of investment

Proof of address

Proof of Identity

43 / 50

Which of the followings are least comparable

GILT and Sector fund

ETF and Index fund

Liquid and Savings accoun

Liquid and Current account

44 / 50

Fundamental analysts are called "Chartists"

FALSE

TRUE

45 / 50

Mutual funds in India are not permitted to invest in

Art

Secularized deb

Gold

Real estate

46 / 50

A company's PE ratio may be low because it is unlikely to replicate it's past performance

FALSE

TRUE

47 / 50

Which of the followings is physical asset?

Real estate

Real estate fund

Securised deb

Gold future

48 / 50

NRI can not make repartition investment in MF using demand draft.

FALSE

TRUE

49 / 50

Time stamping arrangement is must at...

Bank distributor's branch

Offices declared as point of acceptance.

AMC offices

Offices of distributors

50 / 50

An investor looking for capital appreciation, having a high risk tolerance
and long tem horizon must invest in

Equity

Bank FD

Bonds

Gold

Your score is

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

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

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