‘923922, 11:48 PM NISM - Series V A- Model Question Bank with Answer Key ~ NISM & MARKET NEWS NISM & MARKET NEWS National Institute Of Securities Markets NISM - Series V A - Model Question Bank with Answer Key ravi (92:05 BS NISM - Question Bank ® 44 comments NISM - Series V A - Model Question Bank with Answer Key 1. Units of, must be listed on the stock exchange. a. Sector funds b. Arbitrage funds c. Close ended funds d. Liquid funds 2. Open-ended schemes generally offer exit option to investors through a stock exchange. a. Tue b. False 3. Sector funds invest in a diverse range of sectors. a. True b. False 4. High yield bond schemes invest in junk bonds. a. True b. False 5. Investment objective is closely linked to a. Scheme b. Option ‘oninenism blogspot cony201710"insm-serlee-v-mode-question-bank-uith him! ae9123722, 11:48 PM NISM - Series V A- Model Question Bank with Answer Key ~ NISM & MARKET NEWS cc. Plan d. SIP 6. The assets of the mutual fund are held by___ a. AMC b. Trustees c. Custodian d. Registrar 7. Minimum networth requirement foranew AMCis____ a Rs 50 crore b. Rs 5 crore c.Rs 4 crore d. Rs 10 crore 8, AMC directors are appointed with the permission of Trustees. a. True b, False 9. Most investor service centres are offices of a. Trustees b. Registrar cc. Custodian d. Fund Accountant 10. Fund accounting activity of a scheme is to be compulsorily outsourced. a. True b. False 11. SEBI regulates a. Mutual Funds b. Depositories c. Registrar & Transfer Agents d. All of the above ‘oninenism blogspot cony2017I0"insm-serlee-v-mode-question-bank-uith him! ane9123722, 11:48 PM NISM - Series V A- Model Question Bank with Answer Key ~ NISM & MARKET NEWS 12. Investment objective defines the broad investment charter. a. True b, False 13. Statement of Account is to be sent to investors within ____ days of NFO closure. a3 b.5 7 d.15 14. Within ___ days of dividend declaration, warrants will have to be sent to investors. a7 b.10 15 d.30 15. Unit holders can hold their units in demat form. a. True b, False 16. NFOs other than ELSS can be open for a maximum of a.7 days b. 10 days c.15 days d.30 days 17. Legally, SAlis part of the SID. a. True b, False 18. Offer documents of mutual fund schemes are approved by SEBI. ‘oninenism blogspot cony2017I0"insm-serlee-v-mode-question-bank-uith him! ane9123722, 11:48 PM NISM - Series V A- Model Question Bank with Answer Key ~ NISM & MARKET NEWS a. True b. False 19. Application form is attached to__. a. SID b.SAl c. KIM d. None of the above 20. KIM has to be updated every 6 months. a. True b, False 21. Institutional distributors build reach through a. Employees b. Agents c. Sub-brokers d. Any of the above 22. The maximum initial commission that a scheme can pay to distributors is a. Nil b, 0.05% 1% d. 2% 23. The distributor can charge a fee from the investor. a. True b. False 24, Stock exchange brokers are permitted to distribute mutual funds without the requirement of passing the certifying test. a. True ‘oninenism blogspot cony2017I0"insm-serlee-v-mode-question-bank-uith him! ane9123722, 11:48 PM NISM - Series V A- Model Question Bank with Answer Key ~ NISM & MARKET NEWS b, False 25. Trail commissions are linked to valuation of portfolio in the market. a. True b, False 26. Net assets of a scheme are nothing but its investment portfolio. a. True b, False 27. The difference between NAV and re-purchase price is___ a. Entry Load b. Exit Load c. Expense d. Dividend Stripping 28. NAV of income funds is to be calculated upto ___ decimals. ad b.3 a2 di 29, Securities Transaction Tax is applicable to Equity Schemes. a. True b. False 30. Wealth tax is payable at the applicable rates on equity mutual fund units. a. True b, False 31. For a debt scheme with corpus of Rs. 250 cr, what is the maximum amount that can be charged by the AMC as recurring expense, if all moneys have come from the Top 15 cities? a. Rs. 5.625 cr ‘oninenism blogspot. cony201710"insm-serlee-v-mode-question-bank-uith him! ene9123722, 11:48 PM NISM - Series V A- Model Question Bank with Answer Key ~ NISM & MARKET NEWS b. Rs. 5 cr c. Rs. 4.625 cr d. Rs. 5.25 cr 32. As per SEBI regulations, foreign nationals are permitted to invest in Indian mutual funds, subject to KYC. a. True b. False 33. PAN Card is not required for mutual fund investments below Rs 50,000 per mutual fund per financial year, where payment is in cash. a. True b. False 34, Investments in mutual fund can be made using___. a. Cheque / DD b. Remittance c.ASBA d. Any of the above 35. Cut-off timing guidelines are not applicable for__. a. NFOs b. International Funds c. Both of the above d. None of the above 36. STP is a combination of SIP and SWP. a. True b, False 37. Investors’ KYC details are stored in the server of a. AMC b. AMFI ‘oninenism blogspot cony2017I0"insm-serlee-v-mode-question-bank-uith him! ene9123722, 11:48 PM NISM - Series V A- Model Question Bank with Answer Key ~ NISM & MARKET NEWS c. SEB) d. KRA 38. Fundamental analysis is evaluation of the strength of the company’s price- volume charts. a. True b, False 39. In a top-down approach, sector allocation precedes stock selection. a. True b, False 40. Which of the following is a truly international asset class? a. Real Estate b. Equity c. Debt d. Gold 41. Loads and taxes may account for the difference between scheme returns and investor returns. a. True b, False 42. The most appropriate measure of returns for a scheme in existence for several years is__. a. Simple Return b. Dividend Return c.Annualised Return d.CAGR 43. Risk can be measured by a. Variance ‘oninenism blogspot cony2017I0"insm-serlee-v-mode-question-bank-uith him! m89252, 144 PA NISM - Series VA -Model Question Bank wth Answer Key ~ NISM & MARKET NEWS b, Standard Deviation c. Beta d. Any of the above 4A, Equity markets are more predictable in the long term than the short. a. True b. False 45. Arbitrage funds are meant to give better equity risk exposure a. True b. False 46. The comparable for a liquid scheme is a. Equity scheme b. Balanced Scheme ¢. Gilt Fund d. Savings Bank account 47. Which of the following aspects of portfolio would an investor in a debt scheme give most importance? a. Sector selection b, Stock selection c. Weighted Average Maturity d. Number of securities in portfolio 48, Mutual fund ranking and rating amount to the same. a. True b. False 49. More than 50% of the wealth of Indians is held in physical assets. a. True b. False ‘oninenism blogspot. cony201710"insm-serlee-v-mode-question-bank-uith him! anenana, 144 PM NISM -Series VA - Model Question Bank wih Answer Key ~ NISM & MARKET NEWS 50. Gold Futures are superior to ETF Gold as a vehicle for life-long investment in gold. a. True b. False 51. As regards wealth tax, ETF Gold is superior to physical gold. a. True b. False 52. The National Pension System is regulated by__. a. SEBI b. IRDA c. PFRDA d. AMFI 53, An investor under the National Pension System can choose which of the following asset classes? a. Equities b. Corporate debt c. Government Securities d. All of the above 54. Today's costs can be translated into future requirement of funds using the formula: a.A=PX(1+i)n b.A=P/(1+i)n c.P=AnxX(1+i) d.P=AnX(I+i) 55. Providing funds for a daughters marriage is an example of a. Goal-oriented Financial Plan b. Comprehensive Financial Plan c. Financial goal ‘oninenism blogspot. cony201710"insm-serles-v-mode-question-bank-uith him! one9123722, 11:48 PM NISM - Series V A- Model Question Bank with Answer Key ~ NISM & MARKET NEWS d. None of the above 56. According to the Certified Financial Planner — Board of Standards (USA), the first stage in financial planning is a. Analyse and Evaluate Client's Financial Status b. Establish and Define the Client-Planner Relationship c. Gather Client Data, Define Client Goals d. Develop and Present Financial Planning Recommendations and / or Options 57. Investor can get into long term investment commitments in __ a. Distribution Phase b, Transition Phase c. Inter-generational Phase d. Accumulation Phase 58. Distribution phase of Wealth Cycle is a parallel of Retirement phase of Life cycle. a. True b. False 59. Risk appetite of investors is assessed through a. Risk Appetizers b. Asset Allocators c. Risk Profilers d. Financial Plan 60. The objective of asset allocation is risk management. a. True b. False 61. The asset allocation that is worked out for an investor based on risk profiling is called a. Tactical Asset Allocation ‘oninenism blogspot cony2017I0"insm-serlee-v-mode-question-bank-uith him! sone9123722, 11:48 PM NISM - Series V A- Model Question Bank wih Answer Key ~ b, Fixed Asset Allocation c. Flexible Asset Allocation d. Strategic Asset Allocation a. True b. False individual a. 100% b. 80% c. 60% d. 40% Share: f W G+ © Related Posts: NISM-500 NIM - Series V ‘Question Bank- A-Model VA Series Question Bank with Answer Key 62. Model portfolios are a waste of time for financial planners 63. How much equity would you suggest for a young well settled unmarried (SM & MARKET NEWS. Newer Post Home 44 comments: SHAILENDRA 23 June 2017 at 19:20 Thanks, it's really helpful. Reply ‘oninenism blogspot. cony201710"insm-serlee-v-mode-question-bank-uith him! Older Post ne