Mock Test 7 - TheMFCentral

NISM V-A Mock Test 7

NISM V-A Mock Test 7

NISM V-A (Mutual Fund Distributor Module) Exam | Mock Test 7

1 / 50

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

Beta Coefficient

Past performance

Tracking error

R-Squared

2 / 50

Beta of Index would be

Less than 1

Equals to 1

more than 1

None of the above

3 / 50

Company's Earning per share would be indicated by following

P/E Ratio

Current Ratio

EPS

Leverage Ration

4 / 50

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

<1000

1000

1200

Cant Say

5 / 50

STT is charged on

Equity Share Trading

Derivative Trading

Equity MF

All of the Above

6 / 50

An Investor Invests Rs 100000 in a 365 days FMP and got Rs 107750, what would be capital gain in this case ?

7750

750

Insufficient Data

1000

7 / 50

Unaudited accounts of the scheme must be published in the news
paper

Every 3 months

Every 6 months

Every 12 months

None of the above

8 / 50

Time stamping arrangements is must for

Offices of Distributors

AMC Offices

Bank Distributors Branch

Offices declared as point of acceptance

9 / 50

The guideline issued by AMFI for intermediaries are known as

AGNI

ACE

AMFI

None of the above

10 / 50

If investor invests in a Guilt fund at 3:30 p.m., he would get the
units at which NAV ?

Current NAV

Previous Days NAV

NAV of Next Business Day

Same day NAV

11 / 50

KIM Document is a summary of

SID

SAI

OD

SID+SAI

12 / 50

The fund sponsors should have a sound financial track record of

12 months

3 Years

5 Years

7 Years

13 / 50

What is the current PPF Rate ?

7.50%

7.75%

8.00%

8.50%

14 / 50

Father wants his son to be a doctor and study will start after 5 years. The current expense is 2500000. How to calculate the expense after 5 years

A = P + (1+r) ^ n -1

A = P x (1+r) ^ n

A = P / (1+r) ^ (1/n) -1

A = P / (1+r) ^ n

15 / 50

Appropriate benchmark for G-sec fund

I-sec+ I -bex

CRISIL liquid fund index

MIBOR

CRISIL - MIP bladed index

16 / 50

Which of the following has lowest risk ?

Liquid Fund

GILT Fund

Diversified debt fund

Diversified Equity fund

17 / 50

If I require 500000 after 2 years, which method will I follow ?

Discounting method with interest rate

Discounting method with inflation rate

Compounding method with interest rate

Compounding method with inflation rate

18 / 50

Mutual Fund Sponsors can be compared to

Depositor of a company

Company director

Promoter of a company

CEO of a company

19 / 50

Which of the following can be charged to the scheme

Salary of Fund Administratives

Office rent

General Administration Expenses

Fees of Custodian

20 / 50

Low PE compared with peer group or industry standard indicates
that stock is cheap.

TRUE

FALSE

21 / 50

What would be the redemption value of a Unit if NAV is 15 and Exit load is 1%

15

14.85

15.5

15.15

22 / 50

Last step in the process of designing model portfolio

Sector Selection

Asset Allocation

Scheme selection

Client Selection

23 / 50

For a distribution channel, 60% of the employees should have AMFI Registration Number

TRUE

FALSE

24 / 50

Equity Fund's Risk relative to market is measured by

Tracking error

Sharpe's Ratio

Treynor

Beta

25 / 50

Standard Risk is

Common to all

Uncommon to all

Systematic

Specific to all

26 / 50

Request of Purchase can be made

Along with requisite form and Cheque

Only With Cheque

Only Purchase requisite form

27 / 50

If an investor invests 1,000,000 at 3:30 p.m through outstation cheque, he will get NAV of

Same day closing NAV

When fund gets credited

Previous day closing NAV

Next Day NAV

28 / 50

Liquidity risk is highest in

Mid Cap stocks

Front Line Stocks

Index Stocks

Gilt Security

29 / 50

Mr A Holds 2000 Units, scheme declared 1:4 bonus. How many units will Mr A Gets ?

400

500

8000

Depends on NAV

30 / 50

Investor can sue the trust for breach of trust

TRUE

FALSE

31 / 50

Distributors do not get commission on self business

TRUE

FALSE

32 / 50

Which of the following is an SRO ?

AMFI

SEBI

AMC

None of above

33 / 50

What remains constant in a close ended fund ?

Unit Capital

NAV

Both

34 / 50

SEBI regulates

Mutual Funds

Depositories

RTA

All of the Above

35 / 50

Unit holders can hold their units in demat form

TRUE

FALSE

36 / 50

KIM needs to be updated every

3 months

6 months

Once a year

No need to update it

37 / 50

Trail commission are linked to valuation of portfolio in the market

TRUE

FALSE

38 / 50

Risk can be measured by

Variance

Standard Deviation

Beta

Any of the above

39 / 50

According to the Certified Financial Planner - Board of Standards (USA), the third stage in Financial Planning is

Establish and Define the client planner relationship

Gather client data

Define client goals

Analyse and Evaluate Client's Financial Status

40 / 50

Commodity as an asset class does not include

Fiber

Spices

Energy

Art

41 / 50

Financial Planning is just a process and so Financial Planner can use any profile found in the web

TRUE

FALSE

42 / 50

5 star fund indicates

Lowest Expense ratio

Lowest Load

Highest Performance

Best Portfolio

43 / 50

Investor should invest in MF with few offices as office expense is
charged to the fund

TRUE

FALSE

44 / 50

NAV changes with

Number of investor

Number of Units remaining invested

Size of Portfolio

Market value of the portfolio

45 / 50

Investor select an MF based on matching

Investment Philosophy

Investment Policy

Investment Objective

Investment Strategy

46 / 50

Indian investor in a US $ based fund benefit when $ becomes

Weak

Strong

Euro Becomes Weak

Steady

47 / 50

Understanding the psychology helps in risk profiling

TRUE

FALSE

48 / 50

Securities of a fund are held by

Custodian

AMC

R&T

Broker

49 / 50

Risk may be defined as

Asset Allocation

High Transaction Cost

Portfolio re balancing

Probability financial Loss

50 / 50

Financial Planner finds that client does not have resources to meet goals. He Should

Inform the Client

Avoid telling as client will be disheartened

Avoid telling as he may lose the client

Increase risk to generate higher return and meet the goal

Your score is

The average score is 72%

0%

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!

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