Investment Adviser Level 1 - Set 10
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1. This is a Mock Examination of NISM-Series-XVIII: Financial Education Certification Examination.
2. This mock test has 50 questions of 1 marks each. Please note that the actual examination for NISM Series XVIII: Financial Education Certification Examination has 50 questions of 1 mark each.
3. There is no negative marking.
4. The passing score for the examination is 60%
5. This mock examination is only to give the candidates an experience of NISM testing system.
6. Please note that passing this mock test would not make you eligible for claiming a certificate for NISM-Series-XVIII: Financial Education Certification Examination.
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Question 1 of 25
Which among the following is a drawback of Standard Deviation?
Question 2 of 25
Assuming Mr. Dubeys life expectancy is 85 years and he retires at 60 years. His yearly expense on his 60th birthday is
Rs. 10,00,000/. Assuming that the inflation adjusted return on the investment is 5% what should be retirement corpus
Question 3 of 25
The returns in a debt portfolio are largely driven by interest rates and yield spreads
Question 4 of 25
Rajesh has bought a Put option. He would be Out of Money when ___________is more than ______________?
Question 5 of 25
Value management is a style adopted by the managers to buy stocks that have a low _________?
Question 6 of 25
Which of the following statement withrespect to Reverse Mortgage is incorrect?
Question 7 of 25
As per Section 139(1) of the ITA the due date for filing a return of income in case of Non Corporate under Audit is
Question 8 of 25
Sameer has informed you that one of the financial institutions is offering an FDR with an interest rate of 12% p.a. (quarterly
compounding) on a 3 year cumulative deposit. He wants to know the annual yield on this deposit. The same is _____________
Question 9 of 25
Mr.Shyam bought a bat in 2011 for Rs 233. One year later He was surprised to see that the same bat costs Rs 250. What is
the inflation rate here?
Question 10 of 25
One of Sameers insurance agent friends is insisting him for a pure term insurance of Rs. 50 lakh. For 20 years. He is
offering two payment options for the same as follows: Option 1: Single Premium Rs. 1.80 lakh Option 2: Annual Premium Rs.
12,850 per annum. Sameer wants to know if he decides to take this policy, which payment option should be exercised if he
takes risk free rate of return 6% into account. The same is __________.
Question 11 of 25
Systematic Transactions offer investors the facility to
Question 12 of 25
A new bond maturing in 10 years is issued at Rs.100, coupon of 9% payable annually. If interest rate falls to 8% after a
year, the investor will face a _______
Question 13 of 25
Which of the following doesn’t come under small savings schemes in India?
Question 14 of 25
A retired person needs inflation adjusted annuity in his post-retirement period. If inflation is assumed at 4% p.a. and rate
on annuity is 7.5% p.a., what should be the real rate of return?
Question 15 of 25
Amudha learns that she has to pay 30% of his interest income as tax. She is also told that a surcharge at 10% and
educational cess at 3% will also apply. What is the effective rate at which her interest income will be taxable?
Question 16 of 25
An investor bought a house for Rs. 10 lakhs. He earned a monthly rental income of Rs. 3000 for 2 years. He then sold off
the house for Rs. 12 lakhs. What is his total annualised return?
Question 17 of 25
The amount of money required or Goal Value is a function of
Question 18 of 25
Which of the following administers government policies related to pension reforms?
Question 19 of 25
Which of the following is true with regards to HLV?
Question 20 of 25
Futures could be used for _____________?
Question 21 of 25
The Prime Responsibility of SRO is
Question 22 of 25
An investor holds a large portfolio of shares from different companies and industries. Her portfolio is likely to be
Question 23 of 25
In case of NPS which of the following is True?
Question 24 of 25
A person should invests his emergency funds ideally in_______.?
Question 25 of 25
The bye laws of the stock exchanges are same across exchanges and need to be approved by SEBI. State whether True or