Investment Adviser Level 1 - Set 11
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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
_________ Funds help investors overcome the difficulty in choosing schemes among multiple schemes in the market
Question 2 of 25
Who is not covered under National Pension scheme?
Question 3 of 25
Surinder had taken a 25-year life insurance policy with a sum assured of Rs. 1,000,000 with the premium being paid in a
half-yearly mode. After paying the premium for five years, Surinder is unable to continue paying the premium payment. What
happens to the policy?
Question 4 of 25
Which of the following is true for a growth stock?
Question 5 of 25
To avail the benefit of section 54, within a period of 3 years from the date of transfer of the old house, the taxpayer should
construct a new residential house in India.
Question 6 of 25
If a new issue was offered to the public at 15 times earnings but the market was pricing similar shares at 19 times, this
would be _____________.
Question 7 of 25
Which of the following does a fundamental analyst study?
Question 8 of 25
Which of the following persons is expected to comply with registration requirement under SEBI (Investment Advisers)
Question 9 of 25
Standard Deviation is a measure of Total Risk whereas Beta is a measure of Market Risk
Question 10 of 25
________option gives the buyer a right but not the obligation to sell the underlying at a predetermined price during a
Question 11 of 25
Who is the manager of public debt and responsible for the primary issue of government securities?
Question 12 of 25
_____________ is generally used as a hedge against inflation?
Question 13 of 25
What maximum amount can be invested per year under National Pension System?
Question 14 of 25
An Investor places Rs 10,000 in a cumulative bank deposit for 3 years at 10% interest, compounded annually. The
maturity amount is
Question 15 of 25
The estate owner who wishes to pass on his estate to his legal heirs is called as
Question 16 of 25
What is the range of period for which Treasury Bills (T-Bills) are issued?
Question 17 of 25
A person who has a complaint against an insurance company must lodge his complaint with___.
Question 18 of 25
As per Section 139(1) of the ITA the due date for filing a return of income in case of Companies is
Question 19 of 25
Which of the risk is systematic risk?
Question 20 of 25
Which policy provides for a lump sum benefit to be paid if the named insured contracts certain specified diseases such
as cancer, heart attack, stroke, kidney failure or multiple sclerosis?
Question 21 of 25
A person can have maximum of ______________ PPF accounts in his/her name at different places in India?
Question 22 of 25
What is the tax benefit available on the Senior Citizen Savings Scheme?
Question 23 of 25
In January, 2014 Mr. Rahul sold his residential house property which was purchased in May, 2013. Capital gain on such
sale amounted to Rs. 8,40,000. In this case the house property is a short-term capital asset and, hence, gain of Rs. 8,40,000 will
be charged to tax as short-term capital gain.
Question 24 of 25
Which funds can be purchased and sold at real time price rather than at NAV?
Question 25 of 25
Assuming Mr. Shukla’s life expectancy is 75 years and he retires at 60 years. His yearly expense on his 60th birthday is
Rs. 5, 00,000. Assuming that the inflation adjusted return on the investment is 2% what should be retirement corpus