NISM-Series-V-A: Mutual Fund Distributors Certification Examination

Sample Questions

1. Fundamental analysis is evaluation of the strength of the company’s price-volume charts.

a. True
b. False

2. In a top-down approach, sector allocation precedes stock selection.

a. True
b. False

3. Which of the following is a truly international asset class?

a. Real Estate
b. Equity
c. Debt
d. Gold

4. Loads and taxes may account for the difference between mutual fund’s scheme returns and
investor returns.

a. True
b. False

5. The most appropriate measure of returns for a mutual fund scheme in existence for several
years is ______.

a. Simple Return
b. Dividend Return
c. Annualised Return
d. CAGR

6. Risk can be measured by ______.

a. Variance
b. Standard Deviation
c. Beta
d. Any of the above

7. To reduce interest rate risk in a debt portfolio, a mutual fund may use Interest Rate Futures
(IRFs) for hedging.
a. True
b. False

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