Mock Test 2 - TheMFCentral

/50

NISM V-A Mock Test 2

NISM V-A (Mutual Fund Distributor Module) Exam | Mock Test 2

1 / 50

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

High

Low

Half of it's

Entire

2 / 50

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

TRUE

FALSE

3 / 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

4 / 50

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

Same day

Next business day

Closing NAV of day fund are available

Next preceding day

5 / 50

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

Simple annualized

Total return

Absolute return

CAGR

6 / 50

Time stamping arrangement is must at...

AMC offices

Offices declared as point of acceptance.

Offices of distributors

Bank distributor's branch

7 / 50

Balance funds are for

Aggressive investors

Highly conservative

highly aggressive investor

Moderate conservative

8 / 50

Index funds are safer because their NAV does not go down

TRUE

FALSE

9 / 50

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

7750

10% Plus surcharge or 20% after index benefit

Insufficient details

750

10 / 50

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

Alpha

Spread

Treynor

Sharpe

11 / 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

Same day

Closing NAV of Day immediately preceding the date of application

Closing NAV of Day immediately preceding next business day

12 / 50

Unaudited accounts of the scheme must be published

Once every six month in one national & Regional news paper

Only on AMC's website

Only at AMFI website

through monthly fact sheet

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?

20000 units

Will be lower than 4000 units due to entry load

Will be lower than 20000 units due to entry load

4000 units

14 / 50

Which of the followings is physical asset?

Gold future

Real estate

Real estate fund

Securised deb

15 / 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

1000

1200

cant say

16 / 50

STT is charged on

Equity MF

All of the above

Derivatives trading

Equity share trading

17 / 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

18 / 50

SIP is a good investment strategy because..

Investor gets units at a discount to NAV

It offers benefits of rupee cost averaging

It helps regular income for investor

No load investment done

19 / 50

Which of the following is not government saving scheme?

KVP

RBI Bonds

POST

Infrastructure Bonds

20 / 50

CRISIL's indicator for highest safety in a debenture is

High

Good

AAA

P1+

21 / 50

Credit rating enables an investors to judge the

Duration of loan

Risk of default by borrower

Interest rate risk

Extent of securities against the borrowing

22 / 50

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

TRUE

FALSE

23 / 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

None of these

The minimum investment has to be Rs. 50,000

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

24 / 50

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

PPF

Real-Estate

Bank FD

Bonds

25 / 50

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

Herd Mentality bias

Anchoring bias

Overconfidence / Optimism bias

Recency bias

26 / 50

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

0.024

0.05

1.2

0.175

27 / 50

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

6 months

5 years

1 years

3 years

28 / 50

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

TRUE

FALSE

29 / 50

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

FALSE

TRUE

30 / 50

Fundamental analysts are called "Chartists"

TRUE

FALSE

31 / 50

Performance of fund must always be measured relative to the

Index

Investment objective

Benchmark

Asset Class

32 / 50

Which of the followings are least comparable

Liquid and Current account

Liquid and Savings accoun

GILT and Sector fund

ETF and Index fund

33 / 50

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

Documents filed with SEBI

Fund Factsheet

Scheme Information Documents (SID)

Key Information Memorandum (KIM)

34 / 50

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

Equity

Bonds

Gold

Bank FD

35 / 50

The investment in MF portfolio are valued at

Book value of portfolio

Market value of portfolio

cost of investment

Face value of portfolio

36 / 50

Which of the following is true

STT is payable when investor purchase equity MF

STT is payable when investor purchase debt MF

STT is payable when investor does redemption from equity MF

STT is payable when investor sale debt MF

37 / 50

The lower risk among equity fund is

Growth fund

Index Fund

Dividend yield fund

Value Fund

38 / 50

Exit loads are generally lower for large investors

True

False

39 / 50

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

9 months

6 months

13 months

12 months

40 / 50

A mutual fund distributor is paid commission for..

First 5 years of Investment done by investor

First 10 years of investment done by investor

As long as investor held the investment

First 3 years of Investment done by investor

41 / 50

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

None of the above

KIM

Application form

Nomination Form

42 / 50

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

Recurring Expenses

Entry Load

CDSC

Exit load

43 / 50

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

SWP

Value investment

SIP

STP

44 / 50

Mutual funds in India are not permitted to invest in

Gold

Secularized deb

Real estate

Art

45 / 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

46 / 50

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

List of authorized signatories

certificate of registration

Board resolution and Memorandum and article of association

Trust deed

47 / 50

Which of the following is not required for KYC norms.

All of the above

Proof of Identity

Proof of address

Proof of investment

48 / 50

Returns in international fund is dependent on

Both of the above

Asset class performance

Exchange rates

None of the above

49 / 50

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

AGNI

ACE

none of above

AMFI

50 / 50

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

Be worse than benchmark return

Better than benchmark return

cant say

Be comparable to that of benchmark index

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.

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!

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

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