NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination.

📂 SET-3

Question 1 of 20 Demo

The Beta of a portfolio is the _________ .

A Sum of the betas the constituent securities in that portfolio B Simple average of the beta’s of the constituent securities in that portfolio C Same as the beta of the stock with the highest market capitalization D Value weighted average of the beta’s of the constituent securities in that portfolio

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📂 SET-11

Question 2 of 20 Demo

The quotation for a Government Bond Futures contract is expressed as ______.

A 100 minus the applicable discount yield B 100 minus the applicable investment yield C price quoted for every Rs. 100 of face value D price quoted for every Rs. 2,000 of face value

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📂 SET-2

Question 3 of 20 Demo

Arman wants to withdraw Rs.12000 from his Mutual Fund; NAV is Rs.12 ;Exit Load is 1%. Face Value is Rs.10. How many units he will redeem?

A 1000 B 1010 C 1200 D Information is not sufficient

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📂 MUTUAL FUNDS 1

Question 4 of 20 Demo

For a benchmark to be credible and relevant for a mutual fund scheme, it should match which of the following ?

A The overall size of the scheme B The scheme’s expense ratio C The scheme’s investment objective D All of the above

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📂 SET-1

Question 5 of 20 Demo

As per news, the Government can lose a vote of confidence and this can affect the stock markets pretty badly. If you are an active trader, what is the ideal step you will take?

A Buy index futures B Sell index futures C Double your portfolio holdings D Buy Blue Chip shares

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📂 SET-6

Question 6 of 20 Demo

If you are a seller of put option, you expect ___________ of the underlying asset.

A No change in the price B Increase in the price C Both of the above D Decrease in the price

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📂 SET-5

Question 7 of 20 Demo

The Derivatives market helps in _________ .

A Transfer of risk from those who are exposed to risk but have low risk appetite to participants with high risk appetite B The reallocation of risk among the market participants C Both of the above D None of the above

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📂 Chapter-9

Question 8 of 20 Demo

Which of the following is true regarding nominees of mutual fund investors?

A The nominee can be an individual, including minors and NRIs B The nominee can be central and state governments and local authorities. C Both a and b D Neither a nor b

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📂 SET-4

Question 9 of 20 Demo

In case of any conflict between the Principles of Fair Valuation and AMC's Valuation Guidelines ______________

A The Valuation Guidelines will prevail B The Principles of Fair Valuation will prevail C Both are same so there will never be an conflict D SEBI will decide which is correct

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📂 SET-1

Question 10 of 20 Demo

If the interest rate increases, the premium on CALL option will also increase - State True or False ?

A “True” B “False”

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📂 Chapter-2

Question 11 of 20 Demo

Identify the true statement(s) regarding arbitrage funds: A) Arbitrage funds are riskier compared to equity mutual funds B) Arbitrage funds aim to exploit price inefficiencies between different market segments

A Statement A only B Statement B only C Both statements A and B D None of the above

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📂 SET-2

Question 12 of 20 Demo

Mr. Guru buys a bond for Rs. 54.50 and sells a Rs. 55 strike call option for Rs. 0.10. Calculate the net payoff for Mr. Guru if the bond price is Rs. 55.50 at expiration.

A Rs. 0.40 B Rs. 0.60 C Rs. - 0.50 D Rs. - 0.20

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📂 INTEREST RATE DERIVATIVES 3

Question 13 of 20 Demo

What does a 'Normal' shape of term structure indicate?

A It indicates that the rate is same for all terms B It indicates that the rate rises with the term C It indicates that the rate falls with the term D It indicates that the rate first rises and then falls with the term

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📂 Chapter-5

Question 14 of 20 Demo

While the SID, SAI and KIM need to be updated periodically, the interim changes are updated by the AMC through the issuance _________.

A Fact Sheet B Director's Report C Auditor's Report D Addendum

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📂 SET-9

Question 15 of 20 Demo

Hindu Undivided Families invest through the ________ on behalf of the family.

A Karta B Guardian C Power of Attorney Holder D Nominee

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📂 SET-9

Question 16 of 20 Demo

Identify which among the following is the first step in the sequence of creating a mutual fund product?

A Launching the New Fund Offer (NFO) B Filing of Scheme Information Document (SID) with SEBI for observation C Launch of advertising and public relations campaigns by AMC D Approval of Trustees and AMC board for the new product and drafting of SID

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📂 SET-1

Question 17 of 20 Demo

Complaints can be filed against which of these entities in SEBI Complaint Redress System (SCORES) (a) Brokers/stock exchanges (b) Listed companies/registrar & transfer agents (b) Commercial Banks

A (a) and (b) B (a) and (c) C (b) and (c) D Only (a)

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📂 SET-8

Question 18 of 20 Demo

The investor has the option to convert the demat units into physical form. This process is called

A Dematerialisation B Rematerialisation C Unit Certificate D Physical Delivery Request

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📂 SET-6

Question 19 of 20 Demo

What is the time duration in which SEBI has to approve the scheme related documents ?

A 7 working days B 3 working days C 14 working days D SEBI does not approve the documents. It gives its observations

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📂 SET-7

Question 20 of 20 Demo

The contract size in futures market is defined by ____________

A The Stock Brokers B The Stock Exchange C The Parties to the contract D SEBI

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Finish Demo?

Session Ended