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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

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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

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

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

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Of the following fund types the highest risk is associated with

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

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The sponsor of a mutual fund may be
compared to 

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A fixed term plan series is

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A funds NAV is affected by

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

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Commercial Paper is issued by Corporate bodies

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

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An Open-ended mutual fund is one that has:

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

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

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A close-ended mutual fund has a fixed:

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

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Shares of companies with large capital market
capitalisation

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

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The custodian of a mutual fund: 

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

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

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The trust that manages a mutual fund is
appointed by 

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The AMC of a mutual fund cannot 

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NAVs of equity funds are not affected by

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

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

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

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

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The highest authority among the following is
the 

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The offer document is not a legal document 

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The following need not be covered in a Key Information Memorandum

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Units from an open-ended mutual fund are bought

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A Gilt Fund is a special type of fund that invests

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A better performance than the return on index
is given by 

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Technical analysis guides the decision on 

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

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

38 / 50

A compliance officer

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The greatest potential for growth in capital is offered by

40 / 50

'Key Information Memorandum' is

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

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The entity that SEBI does not regulate is

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A high turnover rate for a fund indicates 

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A call provision in a debt issue allows the issuer to

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Equity derivative instruments are

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Issuing and redeeming units of a mutual
fund is the role

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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:

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A put provision in a debt issue allows

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A mutual fund owned by 

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The maximum load that a fund can charges determined by the

Your score is

The average score is 61%

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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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