Investment Adviser Level 1 - Set 12
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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
Simran before moving to Australia has formally authorized Sameer to act on her behalf on all matters. What type of Power
of Attorney (POA) has Simran opted for?
Question 2 of 25
Mr.Mussadi plans to invest Rs.200000 at the age of 45 and is expecting a return of about 12%. On the other hand
Mrs.Mussadi invests Rs.100000 at the age of 30 years with similar return expectation. Both take the money at retirement at 60
years. Will Mrs. Mussadi make more returns? If Yes, how many times?)
Question 3 of 25
The terms on which a security is issued is primarily decided by
Question 4 of 25
Who can open an account with public provident fund?
Question 5 of 25
An unlisted company cannot make a public issue of debentures. State whether True or False
Question 6 of 25
Raghuveer redeemed certain units of Debt Mutual Fund scheme in FY18-19. What is amount of Security Transaction Tax
that he needs to pay?
Question 7 of 25
Selling a PUT OPTION means
Question 8 of 25
Which of the following instruments under Section 80C enjoys an EEE status?
Question 9 of 25
Investment Under Senior Citizen Saving scheme is eligible for tax benefit under which section of Income Tax Act?
Question 10 of 25
Which of these PUT options are OTM?
Question 11 of 25
An Investor invests in Equity and Gold ETF in the ratio 70:30. However after some time he feels that Equity markets will
underperform in the short term while Gold will give good returns over the same time frame. He switches the allocation to 70:30
in favor of Gold ETF. This is an example of
Question 12 of 25
The concept of time value of money implies that
Question 13 of 25
___________ is a standardized measure of the relationship between two variables that range from -1.00 to +1.00
Question 14 of 25
For a person to be qualified as a NRI, he must have stayed outside India for a minimum period of _____ days in a previous
Question 15 of 25
A bond pays 10% interest per annum. The inflation rate for that year is 5%. What is the real return?
Question 16 of 25
To avail the benefit of section 54, within a period of one year before or two years after the date of transfer of old house,
the taxpayer should acquire a residential house in India or should construct a residential house in India within a period of three
years from the date of transfer of the old house.
Question 17 of 25
A bond maturing in 10 years is issued at Rs.100, coupon of 9% payable annually. If interest rate is 8% after a year, the
coupon received from the bond now needs to be reinvested at __________?
Question 18 of 25
Mr. Mohit’s current annual income is Rs.8.75 Lakh which is expected to increase by 8%p.a. till he retires at 60 years of
age. His current age is 36 years. Mr.Mohit consumes 20% of his income on self and his professional upgrades. He wants to
buy an insurance cover which shall provide for the loss of income to his family in case of any eventuality with his life today. If
the claim proceeds are invested in an investment instruments returning 9% p.a. compute the insurance cover needed to
replace the income needs of his family in case of his death?
Question 19 of 25
Large Cap Funds invest in_________
Question 20 of 25
Abhishek has bought a call option. He will make a profit by exercising his right on a specified date,if the ___________ is
more than the _____________?
Question 21 of 25
What is the age limit for reverse mortgage scheme in India?
Question 22 of 25
Anmol wishes to obtain a return of 10% p.a over a period of 8 years from a security. What investment should he make in
the security to get Rs.2 lakh over this period?
Question 23 of 25
Making one’ s son a doctor is an example of _________
Question 24 of 25
Investment A has given the following returns in the past 3 years : 4.5%, 12%,19.5%
Investment B has given the following returns in the past 3 years : – 1.5%, 12%, 25.5%
Question 25 of 25
An investment earns a return of 11% p.a., but the income is taxable in the hands of the investor. The investors marginal
tax rate is 30%. What is his after tax rate of return