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

Which of the followings are least comparable

Liquid and Savings accoun

GILT and Sector fund

ETF and Index fund

Liquid and Current account

2 / 50

Credit rating enables an investors to judge the

Risk of default by borrower

Interest rate risk

Duration of loan

Extent of securities against the borrowing

3 / 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

Same day

Next business day

Next preceding day

4 / 50

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

3 years

1 years

5 years

6 months

5 / 50

The lower risk among equity fund is

Growth fund

Value Fund

Index Fund

Dividend yield fund

6 / 50

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

none of above

AMFI

ACE

AGNI

7 / 50

Which of the followings is physical asset?

Gold future

Real estate

Securised deb

Real estate fund

8 / 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?

20000 units

Will be lower than 4000 units due to entry load

4000 units

Will be lower than 20000 units due to entry load

9 / 50

Balance funds are for

highly aggressive investor

Moderate conservative

Aggressive investors

Highly conservative

10 / 50

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

Documents filed with SEBI

Scheme Information Documents (SID)

Key Information Memorandum (KIM)

Fund Factsheet

11 / 50

Fundamental analysts are called "Chartists"

TRUE

FALSE

12 / 50

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

750

Insufficient details

10% Plus surcharge or 20% after index benefit

7750

13 / 50

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

FALSE

TRUE

14 / 50

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

1.2

0.05

0.175

0.024

15 / 50

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

FALSE

TRUE

16 / 50

Exit loads are generally lower for large investors

True

False

17 / 50

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

Better than benchmark return

Be comparable to that of benchmark index

cant say

Be worse than benchmark return

18 / 50

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

Alpha

Treynor

Spread

Sharpe

19 / 50

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

FALSE

TRUE

20 / 50

Mutual funds in India are not permitted to invest in

Real estate

Gold

Secularized deb

Art

21 / 50

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

TRUE

FALSE

22 / 50

Returns in international fund is dependent on

Asset class performance

None of the above

Exchange rates

Both of the above

23 / 50

STT is charged on

Equity share trading

Derivatives trading

All of the above

Equity MF

24 / 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.

1200

<1000

cant say

1000

25 / 50

Unaudited accounts of the scheme must be published

through monthly fact sheet

Only on AMC's website

Once every six month in one national & Regional news paper

Only at AMFI website

26 / 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

Both A and B are True

None of them are True

Only B is True

Only A is true

27 / 50

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

Gold

Equity

Bonds

Bank FD

28 / 50

The information on minimum investment amount, investor's service centers, and how to make purchase is provided in.

None of the above

Application form

Nomination Form

KIM

29 / 50

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

List of authorized signatories

Trust deed

certificate of registration

Board resolution and Memorandum and article of association

30 / 50

Which of the following is not government saving scheme?

KVP

POST

Infrastructure Bonds

RBI Bonds

31 / 50

Which of the following is true

STT is payable when investor does redemption from equity MF

STT is payable when investor sale debt MF

STT is payable when investor purchase equity MF

STT is payable when investor purchase debt MF

32 / 50

A mutual fund distributor is paid commission for..

First 3 years of Investment done by investor

First 10 years of investment done by investor

As long as investor held the investment

First 5 years of Investment done by investor

33 / 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 next business day

Same day

Closing NAV of Day immediately preceding the date of application

34 / 50

Time stamping arrangement is must at...

Offices declared as point of acceptance.

Offices of distributors

AMC offices

Bank distributor's branch

35 / 50

CRISIL's indicator for highest safety in a debenture is

High

AAA

Good

P1+

36 / 50

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

Anchoring bias

Recency bias

Overconfidence / Optimism bias

Herd Mentality bias

37 / 50

Performance of fund must always be measured relative to the

Investment objective

Benchmark

Asset Class

Index

38 / 50

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

Past performance

R-squared

Tracking error

BETA Coefficient

39 / 50

SIP is a good investment strategy because..

It helps regular income for investor

No load investment done

It offers benefits of rupee cost averaging

Investor gets units at a discount to NAV

40 / 50

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

9 months

13 months

12 months

6 months

41 / 50

Which of the following is not required for KYC norms.

All of the above

Proof of investment

Proof of Identity

Proof of address

42 / 50

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

SWP

STP

SIP

Value investment

43 / 50

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

Entry Load

Recurring Expenses

Exit load

CDSC

44 / 50

Index funds are safer because their NAV does not go down

FALSE

TRUE

45 / 50

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

Total return

Absolute return

Simple annualized

CAGR

46 / 50

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

High

Low

Entire

Half of it's

47 / 50

The investment in MF portfolio are valued at

Face value of portfolio

cost of investment

Book value of portfolio

Market value of portfolio

48 / 50

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

Real-Estate

Bank FD

Bonds

PPF

49 / 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 has to provide PAN details and als comply with KYC norms

The minimum investment has to be Rs. 50,000

The third party should also have a folio with the mutual fund

None of these

50 / 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 manage the fund

Expenses which are incurred by the AMC

Expenses which are incurred to launch the fund

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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