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TEST DETAILS – The NISM MUTUAL FUND DISTRIBUTORS CERTIFICATION EXAM is a 100 mark exam
with 50% as passing marks. In all 100 questions will be asked with NO negative marking. The time
duration is 2 hours.
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NISM SERIES V A – MUTUAL FUND
DISTRIBUTORS CERTIFICATION EXAM –
PRACTICE TEST 6
PRACTICE TEST
6
Question 4 The benchmark for a Gilt fund investing in Government Securities with
maturities ranging from 1 to 3 years is
___________. (a) Si-Bex (b) Mi-Bex (c) Li-Bex (d) None of the
above
Question 7 The Market Value of a scheme is Rs 240 crores. Dividend accrued but
not received is Rs 30 crore. The Expenses payable are Rs 10 crore. The total
number of outstanding units is 120 lakhs. What is the NAV of the scheme ? (a)
175.8 (b) 216.66 (c) 224.7 (d) 311.74
Answer =
Explanation
Rs 240 crore
of Rs 30 crore
Correct Answer 8 Custody of his share of the portfolio in his demat
account
shares in their demat
Answer
Explanation
NISM SERIES V A – MUTUAL FUND
DISTRIBUTORS CERTIFICATION EXAM –
PRACTICE TEST 6
Question 10 Mr. Mohit invested Rs 5000 in a Mutual Fund on 1 Jan 2011 and when
he redeemed on 31 Dec 2012 he got Rs 12000. Calculate the
CAGR. (a) 54.90% (b) 69.75% (c) 70.80% (d) 125%
Question 13 Investors of debt oriented mutual funds do not have to pay STT -
True
or False ? (a)
TRUE (b) FALSE
Question 14 ' Not more than 25% of the Net Assets will be invested in the
Derivatives
Market' - This statement best describes
___________. (a) Investment Interest (b) Investment Objective (c)
Investment Policy (d) Investment Strategy
Correct Answer 15 The closing price of ICICI Bank on BSE / NSE on the day of calculation
of
NAV
Correct Answer 16 15 Days
NISM SERIES V A – MUTUAL FUND
DISTRIBUTORS CERTIFICATION EXAM –
PRACTICE TEST 6
Question 18 People who are better able to take the downside that comes with risk
are
those who have a ____________. (a)
Daring and adventurous psyche (b) Multi-skilled and
qualified professionals (c) Regular source of income
(d) All of the above
Correct Answer 17 TRUE
rawals happen on a daily basis in an
Answer unit capital keeps changing.
Explanation
Question 19 The unit holder who has given his money to the Mutual Fund can
decide
what securities or investments the scheme would buy - True or
False ? (a) TRUE (b) FALSE
Question 20 The advantages of mutual funds are :
(a) Liquidity (b) Economics of
scale (c) Both 1 and 2 (d) None
of the above
Question 22 Arbitrage funds are meant to give better equity risk exposure - True
or
False ? (a)
TRUE (b) FALSE
Question 24 The NSEs platform for Mutual Fund trading is called NEAT MFSS -
True or False ? (a)
TRUE (b) FALSE
Correct Answer 23 Weighted Average Maturity
the interest rate sensitivity of a
Answer on all the other three options are
Explanation
a debt security, higher would be its interest rate
weighted average maturity of debt securities in a
Question 26 The Mutual Fund distributor can charge a fee from the investor - True
or False ? (a)
TRUE (b) FALSE
Correct Answer 25 PFRDA
evelopment Authority (PFRDA) is
Answer sion System.
Explanation
Question 36 Nomination and Pledge options are not available for mutual fund
investors - True or False ?
(a) TRUE (b) FALSE
Question 39 ELSS schemes should contain the least amount of Ill Liquid
Investments
- True or False ? (a)
TRUE (b) FALSE
Question 40 Anyone who is aggrieved by a ruling of SEBI, can file an appeal with
the
Ministry of Finance - True or False ?
(a) TRUE (b) FALSE
NISM
BSE