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

Mutual funds in India are not permitted to invest in

Real estate

Gold

Secularized deb

Art

2 / 50

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

750

7750

Insufficient details

10% Plus surcharge or 20% after index benefit

3 / 50

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

Scheme Information Documents (SID)

Fund Factsheet

Documents filed with SEBI

Key Information Memorandum (KIM)

4 / 50

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

AMFI

ACE

none of above

AGNI

5 / 50

The lower risk among equity fund is

Value Fund

Index Fund

Dividend yield fund

Growth fund

6 / 50

STT is charged on

Derivatives trading

Equity share trading

Equity MF

All of the above

7 / 50

Returns in international fund is dependent on

Exchange rates

Both of the above

Asset class performance

None of the above

8 / 50

SIP is a good investment strategy because..

No load investment done

It offers benefits of rupee cost averaging

Investor gets units at a discount to NAV

It helps regular income for investor

9 / 50

Credit rating enables an investors to judge the

Duration of loan

Interest rate risk

Risk of default by borrower

Extent of securities against the borrowing

10 / 50

Which of the followings is physical asset?

Gold future

Real estate

Securised deb

Real estate fund

11 / 50

CRISIL's indicator for highest safety in a debenture is

P1+

AAA

High

Good

12 / 50

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

CAGR

Absolute return

Total return

Simple annualized

13 / 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 4000 units due to entry load

Will be lower than 20000 units due to entry load

20000 units

14 / 50

Balance funds are for

Moderate conservative

highly aggressive investor

Aggressive investors

Highly conservative

15 / 50

The investment in MF portfolio are valued at

Face value of portfolio

Market value of portfolio

cost of investment

Book value of portfolio

16 / 50

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

3 years

6 months

5 years

1 years

17 / 50

Exit loads are generally lower for large investors

True

False

18 / 50

Performance of fund must always be measured relative to the

Index

Benchmark

Asset Class

Investment objective

19 / 50

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

TRUE

FALSE

20 / 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 should also have a folio with the mutual fund

The minimum investment has to be Rs. 50,000

None of these

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

21 / 50

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

13 months

6 months

12 months

9 months

22 / 50

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

Be comparable to that of benchmark index

Be worse than benchmark return

cant say

Better than benchmark return

23 / 50

Unaudited accounts of the scheme must be published

Only at AMFI website

Only on AMC's website

Once every six month in one national & Regional news paper

through monthly fact sheet

24 / 50

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

Entire

Low

Half of it's

High

25 / 50

Which of the following is true

STT is payable when investor does redemption from equity MF

STT is payable when investor purchase equity MF

STT is payable when investor purchase debt MF

STT is payable when investor sale debt MF

26 / 50

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

FALSE

TRUE

27 / 50

Fundamental analysts are called "Chartists"

TRUE

FALSE

28 / 50

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

Closing NAV of day fund are available

Next business day

Next preceding day

Same day

29 / 50

Which of the following is not government saving scheme?

POST

KVP

RBI Bonds

Infrastructure Bonds

30 / 50

Time stamping arrangement is must at...

Bank distributor's branch

Offices declared as point of acceptance.

AMC offices

Offices of distributors

31 / 50

A mutual fund distributor is paid commission for..

First 10 years of investment done by investor

First 3 years of Investment done by investor

As long as investor held the investment

First 5 years of Investment done by investor

32 / 50

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

CDSC

Exit load

Recurring Expenses

Entry Load

33 / 50

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

FALSE

TRUE

34 / 50

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

certificate of registration

Board resolution and Memorandum and article of association

List of authorized signatories

Trust deed

35 / 50

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

PPF

Bank FD

Real-Estate

Bonds

36 / 50

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

Past performance

BETA Coefficient

Tracking error

R-squared

37 / 50

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

Alpha

Treynor

Sharpe

Spread

38 / 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

KIM

Application form

39 / 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

None of them are True

Only B is True

Both A and B are True

Only A is true

40 / 50

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

1.2

0.05

0.175

0.024

41 / 50

Which of the following is not required for KYC norms.

Proof of Identity

Proof of address

Proof of investment

All of the above

42 / 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

Closing NAV of Day immediately preceding the date of application

Closing NAV of Day immediately preceding next business day

Same day

43 / 50

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

SWP

STP

Value investment

SIP

44 / 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.

1000

cant say

<1000

1200

45 / 50

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

Equity

Gold

Bank FD

Bonds

46 / 50

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

Overconfidence / Optimism bias

Herd Mentality bias

Anchoring bias

Recency bias

47 / 50

Index funds are safer because their NAV does not go down

FALSE

TRUE

48 / 50

Which of the followings are least comparable

ETF and Index fund

Liquid and Current account

Liquid and Savings accoun

GILT and Sector fund

49 / 50

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

Expenses which are incurred by investors in buying the fund

Expenses which are incurred to launch the fund

Expenses which are incurred by the AMC

Expenses which are incurred to manage the fund

50 / 50

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

TRUE

FALSE

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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