NISM-Series-V-A: Mutual Fund Distributors (English)

📂 Chapter-3

Question 1 of 20 Demo

Fund Accountant is responsible for:

A a) Investor grievances B b) NAV calculation C c) HR decisions D d) Preparing advertisements

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📂 SET-2

Question 2 of 20 Demo

Distribution phase of Wealth Cycle is a parallel of Retirement phase of Life Cycle - True or False?

A a) TRUE B b) FALSE

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📂 SET-11

Question 3 of 20 Demo

Arbitrage funds are meant to give better equity risk exposure - True or False?

A a) TRUE B b) FALSE

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📂 Chapter-5

Question 4 of 20 Demo

One of the objective of________ is to interact with the Securities and Exchange Board of India (SEBI) and to represent to SEBI on allmatters concerning the mutual fund industry.

A a) AMFI B b) NSE / BSE C c) Investor Forum D d) Mutual Fund Distributors Association

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Question 5 of 20 Demo

Annual report of Asset Management Company (AMC) should necessarily mention the unclaimed amount & the number of such investors for each scheme.

A a) True B b) False

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Question 6 of 20 Demo

An investor with 3-month investment horizon should prefer:

A a) Large cap equity fund B b) Liquid or ultra short duration fund C c) Mid cap fund D d) ELSS

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📂 SET-4

Question 7 of 20 Demo

Cash less medical insurance schemes has led to __________.

A a) More Liquidity with investors B b) Less Liquidity with investors

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📂 SET-2

Question 8 of 20 Demo

Net-asset Value (NAV) reflects

A a) True worth of each unit of the scheme B b) Value calculated transparently and based on freely shared information C c) Both (a) and (b) D d) Neither (a) and (b)

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📂 SET-16

Question 9 of 20 Demo

The MarketValue of a scheme is Rs 579crores. Dividend accrued but not received is Rs 18 crore. The Expenses payable are Rs 3 crore. The total number of outstanding units is 300 lakhs. What is the NAV of the scheme?

A a) 188 B b) 198 C c) 208 D d) 218

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📂 SET-1

Question 10 of 20 Demo

An interval fund is __________.

A a) It is largely open ended and becomes close ended at pre-specified intervals B b) It is largely close ended and becomes open ended at pre-specified intervals C c) None of the above

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📂 SET-16

Question 11 of 20 Demo

Fund XYZ had a total return of 14%, a beta of 0.95, and a standard deviation of 18%. The risk-free return was 4% and the overall market had a total return of 11%. What is this NUMERATOR while calculating Sharpe ratio?

A a) 10 B b) 0.55 C c) 4 D d) 0.77

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📂 SET-14

Question 12 of 20 Demo

Identify the true statement(s) - Beta is a measure of risk only for equity schemes Variance is a measure of risk for both debt and equity schemes A fall in prices of the debt securities due to default etc. is known as a 'credit event'

A a) Only A and B are true B b) Only A and C are true C c) Only B and C are true D d) All A, B and C are true

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📂 SET-16

Question 13 of 20 Demo

As per the Income Tax Act - which of the below option is True?

A a) Capital loss, short term or long term, can be set off against any other head of income B b) Long term capital loss can be set off against long term and short term capital gain C c) Short Term Capital gains is a tax free income D d) Short term capital loss is to be set off against short term capital gain or long term capital gain

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📂 SET-12

Question 14 of 20 Demo

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

A a) Trust deed B b) List of authorized signatories C c) Certificate of registration D d) Memorandum and article of association

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📂 SET-10

Question 15 of 20 Demo

Which of the following is not a benefit of investing in a Mutual Fund?

A a) Diversification of Risk B b) Professional Management of Funds C c) Time and cost savings D d) Custody of his share of the portfolio in his demat account

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📂 SET-16

Question 16 of 20 Demo

Every trust has beneficiaries and the beneficiaries, in the case of a mutual fund trust, are ___________.

A a) the Trustees of the AMC B b) the investors who invest in various schemes of the mutual fund. C c) the Employees of the Mutual Fund Company D d) the Chairperson and Managing Director of the AMC

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📂 Chapter-5

Question 17 of 20 Demo

Mutual funds are constituted as____ and therefore, they are governed by the_______ .

A a) Companies, Indian Companies Act B b) Trusts, Indian Trusts Act C c) Investment Agencies, SEBI Act D d) NGOs, NGO Act

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📂 SET-14

Question 18 of 20 Demo

There are no penalties for breach of code of conduct as mandated by AGNI - True or False?

A a) TRUE B b) FALSE

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Question 19 of 20 Demo

“Please read the scheme related documents carefully” – which documents does this line refer to?

A a) Scheme Information Document and audited balance sheet of the Asset Management Company B b) Trust deed and Key Information Memorandum C c) Statement of Additional Information and fund fact sheet D d) Scheme Information Document and Statement of Additional Information

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📂 Chapter-6

Question 20 of 20 Demo

Trail commission is linked to valuation of portfolio in the market

A a) True B b) False

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Finish Demo?

Session Ended