Mock Test 6

NISM V-A Mock Test

NISM V-A Mock Test 6

NISM V-A (Mutual Fund Distributor Module) | Mock Test-6

1 / 50

If a minor Invests Rs 10,000 in MF, KYC is needed or not

KYC for Minor is needed only if investment exceeds Rs 20000

KYC for Minor is needed only if investment exceeds Rs 50000

If investor is a minor, KYC should be of his guardian even for a single rupee investment

KYC is not at all required for minors

2 / 50

KYC is required for investment more than

20000

10000

Not required

Needed for a single rupee investment

3 / 50

Mutual Fund is exempted from Wealth Tax

TRUE

FALSE

4 / 50

Which of the following account in NPS is a Saving Account

Tier I

Tier II

Tier III

Tier IV

5 / 50

Financial Planner defines that client does not have resources to
meet goals. He should

Inform the Client

Avoid telling as client will be dishearted

Avoid telling as he may lose the client

Increase risk to generate higher return

6 / 50

Risk May be defined as

Asset Allocation

High Transaction Cost

Financial Loss

Portfolio Rebalancing

7 / 50

______ has been appointed by Trustee

Custodian

R & T

AMC

Distributor

8 / 50

Investor selects an MF based on

Investment Philosophy

Investment Strategy

Investment Policy

Investment Objective

9 / 50

Market value is 152 crore, Dividend accrued but not received= 8crore, liabilities = 2 crore Total no of outstanding units is 75 lakhs. What will be the NAV of the scheme?

200

210.67

213.33

None of above.

10 / 50

What is the applicable rate of STT in case of repurchase of Equity
scheme

0.13%

0.33%

0.02%

0.25%

11 / 50

The young BPO executives should not be advised to invest in long term schemes because of their lavish life style ?

TRUE

FALSE

12 / 50

Index fund can give better returns from its Benchmark.

TRUE

FALSE

13 / 50

Which of the following is a Financial Asset?

Gold

Real State

Bank deposit

None of above

14 / 50

In Transition phase of Wealth Cycle investor tends to increase the
proportion of_______ assets in his portfolio

Equity

Liquid

Gold

None of above

15 / 50

Recurring expenses in Equity scheme has a limit up to

1.50%

0.50%

1.25%

2.50%

16 / 50

Code of ethics for employees of AMC is described by

SEBI

AMFI

Internal Audit Team

Trustee

17 / 50

Expense ratio is most important in case of

Index Fund

Offshore Fund

Active Fund

Fund of Fund

18 / 50

In New Pension Scheme portfolio of Assets class E predominantly
investment in

Equity

debt

Govt. Sec.

19 / 50

According to Performance Advertisements the return shown for
equity funds over 1 years are

Annualised Yield

Simple Return

Absolute return

CAGR

20 / 50

Initial issue expense that can be charged to fund

NIL

1.00%

2.00%

1.75%

21 / 50

Sub distributors work with

Online platform

Banks

IFA

Distribution companies

22 / 50

Technical analysis is projecting trend based on human behavior ?

TRUE

FALSE

23 / 50

The NAV of scheme is impacted by ?

No of Investors

Unit Capital

Market Value of Portfolio

Size of Fund

24 / 50

Which of the below is not in a Transition phase ?

Buying of house

Providing for daughter marriage

Shifting of job for higher income

Providing for foreign study for son

25 / 50

The arbitrage funds are taxed like debt funds

TRUE

FALSE

26 / 50

Which of the following exempt from DDT ?

Equity Oriented Fund

Liquid Fund

Income Fund

Gilt fund

27 / 50

Within a category one can decide on investments based on Sharpe
Ratio

TRUE

FALSE

28 / 50

Companies issuing short term debt is called

CD

Tbills

Debentures

CP

29 / 50

In NFO the account statement is to be dispatched within â days
on closure of NFO ?

5 days

15 days

20 days

30 days

30 / 50

NFO other than ELSS can remain open for maximum _________

7 days

15 days

21 days

30 days

31 / 50

Which of the following is an SRO ?

AMFI

SEBI

BSE

RBI

32 / 50

Which of the following is a financial asset ?

Govt Security

Gold

Real Estate

None of the above

33 / 50

Which is the fastest way of remitting funds on real time basis?

NEFT

D/D

SWIFT

RTGS

34 / 50

The New Pension scheme is both regulated IRDA and PFRDA as it
has an insurance component ?

TRUE

FALSE

35 / 50

A conservative investor need not be advised to invest in ?

Gilt Fund

Liquid Fund

High Yield Bond Fund

Short Term Plan

36 / 50

Within how many days the dividend warrants to be dispatched on
declaration?

15

7

10

30

37 / 50

Since Preparation of WILL is a long process, it has to be avoided

TRUE

FALSE

38 / 50

Close ended fund allows investors to sale their units

By allowing fixed number of Units to sale

By selling number of units in a fixed interval

By listing MF in stock exchange

39 / 50

______ Allots the ARN Number

AMC

SEBI

NISM

AMFI

40 / 50

Application for MF would be rejected if paid in

Cheque

DD

Cash

Bankers cheque

41 / 50

Mutual Fund Investor can't pledge units

TRUE

FALSE

42 / 50

Change in the value of NAV is

Standard Risk

Systematic Risk

Unsystematic Risk

43 / 50

Which one is called cum-dividend NAV?

NAV on the date when trustee approves dividend

NAV of the date when notice is issued to meet trusteed to finalize dividend

NAV after the date of dividend

None of the above

44 / 50

When scheme is first launched and investor invests in MF... it is
called

NFO

IPO

Purchase

Re-Purchase

45 / 50

KIM Document is a summary of

SID

SAI

OD

SID+SAI

46 / 50

If investor invests in a Guilt fund at 3:30 p.m., he would get the
units at which NAV ?

Current NAV

Previous Days NAV

NAV of Next Business Day

Same day NAV

47 / 50

The guideline issued by AMFI for intermediaries are known as

AGNI

ACE

AMFI

None of the above

48 / 50

Time stamping arrangements is must for

Offices of Distributors

AMC Offices

Bank Distributors Branch

Offices declared as point of acceptance

49 / 50

Unaudited accounts of the scheme must be published in the news
paper

Every 3 months

Every 6 months

Every 12 months

None of the above

50 / 50

An Investor Invests Rs 100000 in a 365 days FMP and got Rs 107750, what would be capital gain in this case ?

7750

750

Insufficient Data

1000

Your score is

The average score is 67%

0%

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!

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