Mock Test 5 - TheMFCentral

NISM V-A Mock Test 5

NISM V-A Mock Test 5

NISM V-A (Mutual Fund Distributor Module) Exam | Mock Test 5

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1. If an investor invest Rs.100,00,000 in Equity MF Scheme at 3.30 pm through
outstation cheque he will get NAV of

Same day closing value

When fund gets credited

Previous day closing value

Next day closing value

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2. Trail commission to advisor helps in --

Retaining the investor for long term.

Portfolio Churning

New client acquisition

None of the above

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3. Which is true in case of PPF?

Partial withdrawal facility is available after one year

Investment & return are tax free

Both

None of the above

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4. Which is technical analysis-

Volume & price behavior

Mark to market

book value analysis

all of the above

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5. If beta of a scheme is less than one the the fund is-

More risky compare to market

Less risky compare to market

neither risky nor profitable.

beta doesn't make any impact on scheme performance

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6. I invest Rs 50 lacs at 2.30 pm with a local cheque for funds other
than liquid scheme, which NAV will you get ?

Next day NAV

Same days closing NAV

Previous day NAV

Closing NAV of the day preceding next business day

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7. In a balance fund with net assets of 750 crores what is the
expenses that can be charged ?

10.13

15.38

17.86

16.125

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8. Formula to find out the Standard Deviation in excel is

stdev

sd

stddev

stddv

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9. PAN card is not required in case of-

NRI

Minor & Senior Citizen

Corporate institution & trust

None of the above

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10. Who keeps detail report of transaction-

Custodian

AMC

R & T

Distributor

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11. Which of the following is against the ethics & Code of conduct guide line of AMFI

Churning investor's money to get better returns

All the associates of a distributor should be amfi approved

Keeping the interest of all unit holders

All of the above

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12. Distributors are paid-

Commission

Fees

Salary

All of the above

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13. KIM is attached with ?

Transaction slip

Application Form

Both A and B

Neither a nor b

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14. The person with whom the units are pledged is known as

Pledger

Pledgee

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15. On doing risk profiling which asset allocation does it give ?

Strategic Asset Allocation

Fixed Asset Allocation

Flexible Asset Allocation

Tactical Asset Allocation

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16. Which investment below gives international exposure

International Funds

Gold Fund

None

Both

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17. Time stamp machine contains-

Time stamping serial no

Machine identification

location code

all of the above

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18. If an investor invest 1 lakh rupees in a debt fund after 365 days it's value is
107756/- what is CAGR?

7.75%

7.47%

10% or 20% with indexation

10% or 20% with indexation

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19. Arrange in correct sequence

Risk profile, fund allocation, portfolio construction

Risk profile, portfolio construction, fund allocation

Portfolio construction,risk profile, fund allocation

Fund allocation. risk profile, portfolio construction

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20. In India mutual funds are-

Govt. institutions

Company

Trust

NBFC

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21. Unit capital is issued at-

10

25

50

100

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22. Fund management cost is more in-

Passive fund

Gilt fund

Liquid fund

Active fund

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23. A fixed term plan series is-

As open ended fund

A closed ended fund

A fixed term bank deposit

A fixed term corporate bond

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24. Exit load __________

Is same for all schemes

Is same for all amc's

Varies from investor to investor

Varies from scheme to scheme

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25. The expected return & yield of the scheme is mentioned in KIM

TRUE

FALSE

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26. Initial issue expenses in a liquid fund has to be-

0

0.000125

0.25 percentage

none of the above

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27. Which fund is an actively managed fund?

Index fund

Diversified equity fund

Growth fund

B&C

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28. In KIM it has been mentioned that the 65% investment will be in equity and
equity related instrument. this is called

Policy of scheme

Objective of scheme

portfolio of scheme

None of the above

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29. If an investor wants full exposure of gold his investment should be into

Gold ETFs

Physical gold

Shares of gold mining company

All of the above

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30. How frequently NAV of an equity scheme are calculated

Daily

Weekly

Quarterly

once in financial year

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31. SEBI is sole regulatory authority for MF are answerable

TRUE

FALSE

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32. How is company fixed deposit compare to bank fixed deposit ?

Low Risk

Highly Volatile

Less Safe

Lower Return

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33. Formula for CAGR calculation is

Interest * No of years

(P1-P0)/PO*100

(End Value/Start Value)^(1/ (Period)) -1

None of above

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34. Independent trustee are appointed by-

Sponsor

SEBI

AMFI

All of the above

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35. If client invest in liquid fund at 11.30 am and the fund gets cleared on the same day which NAV the client gets ?

Next day NAV

Closing NAV of the day preceding next business day

Same days closing NAV

Previous days closing NAV

36 / 50

36. The NAV of a fund is 15 applicable exit load is 1%, purchase NAV would be-

14.85

15

15.25

15.65

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37. For a customer holding units in demat , the AMC also requires to
do his KYC ?

TRUE

FALSE

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38. A schemes NAV value increases for the period of 2 yrs . it will show-

Absolute return

Simple return

compounded annualized return

all of the above

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39. What is the DDT for an individual in liquid fund ?

0.25

0.2

0.13

0.1

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40. The insurance associated with new pension schemes are regulated by-

PFRDA + IRDA

IRDA

PFRDA

None of the above.

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41. In case of breach of Code of conduct license is canceled by-

AMFI

SEBI

Sponsor

AMC

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42. What is the highest expense ratio in a Fund of Fund scheme ?

2.25%

1.75%

0.75%

1.50%

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43. The P/E ratio is an important measure of a company's anticipated performance.
it is calculated using

Market price and dividend

Market price and earning per share

Market capitalization and dividend

Market price and face value

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44. KYC is required for-

Guardian in case of minor

HUF

Sole proprietorship firm

All of the above.

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45. Which one of the following is not an eligible investor?

Insurance Companies

Govt Institutions

Foreign Citizens

Provident Fund

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46. FMP can give better interest than a Bank Deposit

TRUE

FALSE

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47. Minimum contribution of a sponsor in an AMC should be-

50.00%

60.00%

40.00%

25.00%

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48. What is true about premium paid in a life insurance company ?

Customer can decide premium

Premium can be availed under Sec 80 c

Premium can be shown as exp

Premium is volatile

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49. What is not true objective of life insurance-

Risk coverage

Investment

Both

None of the above

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50. KYC is compulsory -

For every investment

50000

50000 and above

first time investment

Your score is

The average score is 59%

0%

This mock test will help you become familiar with the exam format, assess your knowledge, and identify areas that may need further study.

Remember that while mock tests can be beneficial for practice, it’s important to thoroughly understand the concepts and principles behind each question.

Good luck with your preparation for the NISM Series V-A exam!

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