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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

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

2 / 50

'Key Information Memorandum' is

3 / 50

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

4 / 50

A fixed term plan series is

5 / 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

6 / 50

Units from an open-ended mutual fund are bought

7 / 50

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

8 / 50

A compliance officer

9 / 50

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

10 / 50

A call provision in a debt issue allows the issuer to

11 / 50

The following need not be covered in a Key Information Memorandum

12 / 50

The offer document is not a legal document 

13 / 50

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

14 / 50

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

15 / 50

A mutual fund owned by 

16 / 50

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

17 / 50

Technical analysis guides the decision on 

18 / 50

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

19 / 50

The AMC of a mutual fund cannot 

20 / 50

Of the following fund types the highest risk is associated with

21 / 50

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

22 / 50

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

23 / 50

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

24 / 50

A close-ended mutual fund has a fixed:

25 / 50

NAVs of equity funds are not affected by

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

27 / 50

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

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The greatest potential for growth in capital is offered by

29 / 50

Issuing and redeeming units of a mutual
fund is the role

30 / 50

The highest authority among the following is
the 

31 / 50

The maximum load that a fund can charges determined by the

32 / 50

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

33 / 50

A put provision in a debt issue allows

34 / 50

Equity derivative instruments are

35 / 50

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

36 / 50

A Gilt Fund is a special type of fund that invests

37 / 50

Shares of companies with large capital market
capitalisation

38 / 50

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

39 / 50

An Open-ended mutual fund is one that has:

40 / 50

The entity that SEBI does not regulate is

41 / 50

Commercial Paper is issued by Corporate bodies

42 / 50

The custodian of a mutual fund: 

43 / 50

A better performance than the return on index
is given by 

44 / 50

The trust that manages a mutual fund is
appointed by 

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

46 / 50

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

47 / 50

The sponsor of a mutual fund may be
compared to 

48 / 50

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

49 / 50

A funds NAV is affected by

50 / 50

A high turnover rate for a fund indicates 

Your score is

The average score is 59%

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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
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

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