NISM V-A Mutual Fund Questions and Answers - PDF

Question no. 1

Which of the following is/are correct regarding Real Estate Investment Trusts?
(i) These trusts are registered with SEBI and invest in commercial real estate projects.
(ii) The minimum subscription amount in an initial offer shall be Rs. 2 lakh
(iii) Both (i) and (ii) are correct
(iv) Both (i) and (ii) are incorrect

Question no. 2

Complete the following sentence: 
AMCs are required to invest seed capital of ___________ percent of the amount raised subject to a maximum of Rs.__________________ lakh in all the growth option of the mutual fund schemes (excluding close-ended schemes) through the lifetime of the scheme
(i) 1%, 50 Lakh
(ii) 2%, 25 Lakh
(iii)5%, 50 Lakh
(iv)None of the above

Question no. 3 

The custodian has the custody of the investments in a scheme and a custodian is largely independent of
(i) Sponsors
(ii) AMCs
(iv)Both (i) and (ii)

Question no. 4

SEBI does not approve or disapprove Offer Documents, it gives its observations
(i) True 
(ii) False

Question no. 5

A transaction charge is paid to distributors for investments of
(i) Rs. 10,000 and over
(ii) Rs. 100000 and over
(iii)Rs. 50,000 and over
(iv) Rs. 20,000 and over

Question no. 6:

As per the Finance Act 2018, "Health and Education Cess" will be levied at the rate of ____________ on aggregate of base tax and surcharge.
(i) 4%
(ii) 5%

Question no. 7: 

There is an exit load of _____________________ percent on redemption from the short-term debt fund up to three months.
(i) 0.25%
(ii) 1.25%
(iv)None of the above

Question no. 8: 

Which of the following document must be read carefully in order to get details on risk factors before investing in Mutual Fund Units?
(i) KIM
(ii) SAI
(iv)None of the above

Question no. 9:

A high fiscal deficit can have negative impact on interest levels and economic activity.
(i) True
(ii) False 

Question no. 10: 

The cap on equity investment is ___________________ in active choice for private sector subscribers under NPS.
(i) 75%
(ii) 30%

Question no. 11: 

According to the Certified Financial Planner – Board of Standards (USA), the last stage in financial planning is _____________.
(i) Analyse and Evaluate Client’s Financial Status
(ii) Establish and Define the Client-Planner Relationship
(iii)Monitor the Financial Planning Recommendations
(iv)Develop and Present Financial Planning Recommendations and/or Options

Question no. 12: 

The asset allocation that is worked out for an investor based on risk profiling is called _______.
(i) Tactical Asset Allocation
(ii) Fixed Asset Allocation
(iii)Flexible Asset Allocation
(iv)Strategic Asset Allocation

Question no. 13:

The funds that combine features of both open-ended and close-ended schemes are called
(i) Interval Funds
(ii) Dual Funds
(iii)Middle Funds
(iv)Intermediary Funds

Question no. 14:

Day to day operations of mutual fund is handled by
(i) Assest Managent Company
(ii) Sponser
(iv)None of the above

Question no. 15:

When the trustees / AMC make any change in the fundamental attributes of a scheme, Unit-holders are given the option to exit at the prevailing Net Asset Value. This exit window must be kept open for
(i) 30 days
(ii) 15 days
(iii)5 Days
(iv)10 Days

Question no. 16:

_____________________ is a category of funds that invest in a diverse mix of securities that cut across sectors and market capitalization
(i) Equity-Mixed Funds
(ii) Juxtaposed Funds
(iii) Diversified equity fund
(iv)None of the above

Question no. 17:

Bonds / Debentures are generally issued for tenors beyond
(i) 1 week
(ii) 180 days
(iii) One year
(iv)None of the above

Question no. 18:

How many types of Pension Accounts are offered under National Pension System?
(i) 2
(ii) 3
(iv)More than 4

Question no. 19:

__________________________ are exchanged in low volumes and often have limited numbers of interested buyers and sellers, which can lead to volatile changes in price when a transaction does occur.
Thinly-traded securities
(ii) Tightly-traded securities
(iii)Densly-traded securities
(iv) Show-traded securities

Question. 20:

When money market instruments and debt securities with residual maturity of up to 60 days are not traded on a particular day, they shall be valued on
(i) Net Assest Value Basis
(ii) Yield Matrix Basis
(iii)Amortization Basis
(iv)None of the above

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