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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

A high turnover rate for a fund indicates 

2 / 50

Commercial Paper is issued by Corporate bodies

3 / 50

A call provision in a debt issue allows the issuer to

4 / 50

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

5 / 50

A funds NAV is affected by

6 / 50

Units from an open-ended mutual fund are bought

7 / 50

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

8 / 50

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

9 / 50

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

10 / 50

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

11 / 50

A close-ended mutual fund has a fixed:

12 / 50

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

13 / 50

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

14 / 50

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

15 / 50

A Gilt Fund is a special type of fund that invests

16 / 50

The following need not be covered in a Key Information Memorandum

17 / 50

Issuing and redeeming units of a mutual
fund is the role

18 / 50

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

19 / 50

The custodian of a mutual fund: 

20 / 50

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

21 / 50

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

22 / 50

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

23 / 50

Of the following fund types the highest risk is associated with

24 / 50

A better performance than the return on index
is given by 

25 / 50

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

26 / 50

The offer document is not a legal document 

27 / 50

The maximum load that a fund can charges determined by the

28 / 50

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

29 / 50

The entity that SEBI does not regulate is

30 / 50

The AMC of a mutual fund cannot 

31 / 50

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

32 / 50

A compliance officer

33 / 50

A mutual fund owned by 

34 / 50

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

35 / 50

'Key Information Memorandum' is

36 / 50

The highest authority among the following is
the 

37 / 50

Shares of companies with large capital market
capitalisation

38 / 50

The sponsor of a mutual fund may be
compared to 

39 / 50

NAVs of equity funds are not affected by

40 / 50

A put provision in a debt issue allows

41 / 50

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

42 / 50

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

43 / 50

A fixed term plan series is

44 / 50

Equity derivative instruments are

45 / 50

An Open-ended mutual fund is one that has:

46 / 50

The greatest potential for growth in capital is offered by

47 / 50

Technical analysis guides the decision on 

48 / 50

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

49 / 50

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

50 / 50

The trust that manages a mutual fund is
appointed by 

Your score is

The average score is 62%

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