NISM Series XV Mock Test 3

NISM Series XV Mock Test 3

NISM Series XV Exam | Mock Test 3

1 / 28

A company’s authorized capital is:

A) The amount raised through IPO

B) Maximum capital it is allowed to raise

C) Paid-up capital

D) Net worth

2 / 28

Which body is responsible for India's monetary policy?

A) Ministry of Commerce

B) RBI

C) SEBI

D) Ministry of Finance

3 / 28

Working capital is defined as:

A) Fixed Assets – Current Liabilities

B) Current Assets – Current Liabilities

C) Total Assets – Total Liabilities

D) Equity – Fixed Assets

4 / 28

Fiscal deficit implies:

A) Expenditure < Revenue

B) Expenditure = Revenue

C) Expenditure > Revenue

D) Revenue Surplus

5 / 28

A research analyst can trade in recommended securities only after:

A) The same day

B) 1 day

C) 30 days

D) 15 days

6 / 28

Which financial ratio measures operational efficiency?

A) Operating Profit Margin

B) Debt-to-Equity Ratio

C) P/E Ratio

D) Current Ratio

7 / 28

Higher standard deviation in returns indicates:

A) Lower risk

B) No risk

C) Higher risk

D) Steady returns

8 / 28

Research Analysts must preserve records for at least:

A) 1 year

B) 3 years

C) 5 years

D) 7 years

9 / 28

SWOT analysis includes all except:

A) Strengths

B) Weaknesses

C) Obligations

D) Opportunities

10 / 28

Diversifiable risk is also known as:

A) Market risk

B) Systematic risk

C) Unsystematic risk

D) Credit risk

11 / 28

Which of the following is a valuation multiple?

A) Dividend Payout

B) P/E Ratio

C) EPS

D) Current Ratio

12 / 28

Which of the following is least likely to affect valuation?

A) Management integrity

B) Capital structure

C) Regulatory compliance

D) Advertising expenses

13 / 28

Which valuation method discounts future cash flows to today’s value?

A) Dividend Discount Model

B) Price Multiples

C) DCF

D) Comparable Company Analysis

14 / 28

Front-running is considered:

A) Ethical

B) Encouraged

C) Unethical and illegal

D) A performance strategy

15 / 28

Which SEBI regulation governs insider trading?

A) SEBI (RA) Regulations

B) SEBI (ICDR) Regulations

C) SEBI (PIT) Regulations

D) SEBI (MF) Regulations

16 / 28

SEBI Research Analyst Regulations were introduced in:

A) 2009

B) 2010

C) 2014

D) 2016

17 / 28

When a company buys back its shares, its EPS will:

A) Increase

B) Decrease

C) Remain unchanged

D) Fall to zero

18 / 28

High inventory turnover indicates:

A) Overstocking

B) Efficient inventory management

C) Low sales

D) Obsolete inventory

19 / 28

Which statement is used to assess cash generation ability?

A) Profit & Loss Statement

B) Balance Sheet

C) Cash Flow Statement

D) Notes to Accounts

20 / 28

The CAPM assumes that:

A) Investors are irrational

B) Returns are normally distributed

C) There is no risk-free asset

D) Beta measures total risk

21 / 28

Relative valuation compares a firm’s value to:

A) Its historical price

B) Industry average or peer group

C) Book value

D) Debt level

22 / 28

P/E ratio does not consider:

A) Market capitalization

B) Net profit

C) Share price

D) Dividend payout

23 / 28

Which of the following will reduce Return on Equity (ROE)?

A) High Net Income

B) High Equity Base

C) High Turnover

D) High Leverage

24 / 28

Which policy tool is used by RBI to manage inflation?

A) CRR

B) Repo Rate

C) Reverse Repo Rate

D) All of the above

25 / 28

The DDM assumes dividends will grow at a:

A) Decreasing rate

B) Constant rate

C) Variable rate

D) Random rate

26 / 28

A decline in the interest coverage ratio suggests:

A) Lower profitability

B) Higher tax liability

C) Lower fixed assets

D) Better financial strength

27 / 28

Which of the following is not a measure of profitability?

A) Net Margin

B) Operating Margin

C) Interest Coverage

D) Return on Equity

28 / 28

Which of the following is not an equity market index in India?

A) Nifty 50

B) Sensex

C) FTSE 100

D) BSE 100

Your score is

The average score is 64%

0%

This NISM Series XV 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 XV (Research Analyst) 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

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