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NISMSeriesVA:MutualFundDistributorsCertification
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1.Openendedschemesgenerallyofferexitoptiontoinvestorsthroughastockexchange.

True

False

2.Unitsof_____________mustbelistedonthestockexchange.

Sectorfunds

Arbitragefunds

Closeendedfunds

Liquidfunds

3.Sectorfundsinvestinadiverserangeofsectors.

True

False

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4.Highyieldbondschemesinvestinjunkbonds.

True

False

5.Investmentobjectiveiscloselylinkedto________.

Scheme

Option

Plan

SIP

6.Theassetsofthemutualfundareheldby______.

AMC

Trustees

Custodian

Registrar

7.MinimumnetworthrequirementforAMCis_______.

Rs10crore

Rs5crore

Rs4crore

Rs2crore

8.AMCdirectorsareappointedwiththepermissionofTrustees.

True

False

9.Mostinvestorservicecentresareofficesof_______.

Trustees

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Registrar
 Custodian

FundAccountant

10.Fundaccountingactivityofaschemeistobecompulsorilyoutsourced.

True

False

11.SEBIregulates__________.

MutualFunds

Depositories

Registrar&TransferAgents

Alloftheabove

12.Investmentobjectivedefinesthebroadinvestmentcharter.

True

False

13.StatementofAccountistobesenttoinvestorswithin___daysofNFOclosure.

15

14.Within___daysofdividenddeclaration,warrantswillhavetobesenttoinvestors.

10

15

30
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15.Unitholderscanholdtheirunitsindematform.

True

False

16.NFOsotherthanELSScanbeopenforamaximumof_____.

7days

10days

15days

30days

17.Legally,SAIispartoftheSID.

True

False

18.OfferdocumentsofmutualfundschemesareapprovedbySEBI.

True

False

19.Applicationformisattachedto______.

SID

SAI

KIM

Noneoftheabove

20.KIMhastobeupdatedevery6months.

True

False

21.Institutionaldistributorsbuildreachthrough______.
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 Employees

Agents

Subbrokers

Anyoftheabove

22.ThemaximuminitialcommissionthatanAMCcanpaytodistributorsis____.

Nil

0.05%

1%

2%

23.Thedistributorcanchargeafeefromtheinvestor.

True

False

24.Stockexchangebrokersarepermittedtodistributemutualfundswithouttherequirementofpassingthecertifyingtest.

True

False

25.Trailcommissionsarelinkedtovaluationofportfoliointhemarket.

True

False

26.Netassetsofaschemearenothingbutitsinvestmentportfolio.

True

False

27.ThedifferencebetweenNAVandrepurchasepriceis_______.

EntryLoad
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 ExitLoad

Expense

DividendStripping

28.NAVofincomefundsistobecalculatedupto___decimals.

29.ForaschemewithcorpusofRs.250cr,whatisthemaximumamountthatcanbechargedbytheAMCasinvestment
managementfees?

Rs.2.50cr

Rs.2.8125cr

Rs.3.125cr

Rs.2.875cr

30.SecuritiesTransactionTaxisapplicabletoEquitySchemes.

True

False

31.Wealthtaxispayableattheapplicableratesonequitymutualfundunits.

True

False

32.ForeignnationalsarepermittedtoinvestinIndianmutualfunds,subjecttoKYC.

True

False

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33.PANCardisnotrequiredformutualfundinvestmentsbelowRs20,000,wherepaymentisincash.

True

False

34.Investmentsinmutualfundcanbemadeusing_____.

Cheque/DD

Remittance

ASBA

Anyoftheabove

35.Cutofftimingguidelinesarenotapplicablefor_____.

NFOs

InternationalFunds

Boththeabove

Noneoftheabove

36.STPisacombinationofSIPandSWP.

True

False

37.InvestorsKYCdetailsarestoredintheserverof_____.

AMC

AMFI

SEBI

KRA

38.Fundamentalanalysisisevaluationofthestrengthofthecompanyspricevolumecharts.

True

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 False

39.Inatopdownapproach,sectorallocationprecedesstockselection.

True

False

40.Whichofthefollowingisatrulyinternationalassetclass?

RealEstate

Equity

Debt

Gold

41.Loadsandtaxesmayaccountforthedifferencebetweenschemereturnsandinvestorreturns.

True

False

42.Themostappropriatemeasureofreturnsforaschemeinexistenceforseveralyearsis______.

SimpleReturn

DividendReturn

AnnualisedReturn

CAGR

43.Riskcanbemeasuredby______.

Variance

StandardDeviation

Beta

Anyoftheabove

44.Equitymarketsaremorepredictableinthelongtermthantheshort.
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 True

False

45.Arbitragefundsaremeanttogivebetterequityriskexposure.

True

False

46.Thecomparableforaliquidschemeis_______.

Equityscheme

BalancedScheme

GiltFund

SavingsBankaccount

47.Whichofthefollowingaspectsofportfoliowouldaninvestorinadebtschemegivemostimportance?

Sectorselection

Stockselection

WeightedAverageMaturity

Numberofsecuritiesinportfolio

48.Mutualfundrankingandratingamounttothesame.

True

False

49.Morethan50%ofthewealthofIndiansisheldinphysicalassets.

True

False

50.GoldFuturesaresuperiortoETFGoldasavehicleforlifelonginvestmentingold.

True
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 False

51.Asregardswealthtax,ETFGoldissuperiortophysicalgold.

True

False

52.TheNationalPensionSystemisregulatedby______.

SEBI

IRDA

PFRDA

AMFI

53.AninvestorundertheNationalPensionSystemcanchoosewhichofthefollowingassetclasses?

Equities

Corporatedebt

GovernmentSecurities

Alloftheabove

54.Todayscostscanbetranslatedintofuturerequirementoffundsusingtheformula:

A=PX(1+i)n

A=P/(1+i)n

P=AnX(1+i)

P=AnX(1+i)

55.Providingfundsforadaughtersmarriageisanexampleof_______.

GoalorientedFinancialPlan

ComprehensiveFinancialPlan

Financialgoal

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 Noneoftheabove

56.AccordingtotheCertifiedFinancialPlannerBoardofStandards(USA),thefirststageinfinancialplanningis
_____________.

AnalyseandEvaluateClientsFinancialStatus

EstablishandDefinetheClientPlannerRelationship

GatherClientData,DefineClientGoals

DevelopandPresentFinancialPlanningRecommendationsand/orOptions

57.Investorcangetintolongterminvestmentcommitmentsin________.

DistributionPhase

TransitionPhase

IntergenerationalPhase

AccumulationPhase

58.DistributionphaseofWealthCycleisaparallelofRetirementphaseofLifeCycle.

True

False

59.Riskappetiteofinvestorsisassessedthrough_______.

RiskAppetizers

AssetAllocators

RiskProfilers

FinancialPlan

60.Theobjectiveofassetallocationisriskmanagement.

True

False

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 61.Theassetallocationthatisworkedoutforaninvestorbasedonriskprofilingiscalled

TacticalAssetAllocation

FixedAssetAllocation

FlexibleAssetAllocation

StrategicAssetAllocation

62.Modelportfoliosareawasteoftimeforfinancialplanners.

True

False

63.Howmuchequitywouldyousuggestforayoungwellsettledunmarriedindividual

100%

80%

60%

40%

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