Investment Adviser Level 1 - Set 14
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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
For risk to be insurable which one of following is not correct?
Question 2 of 25
A retired person is depending on a monthly annuity income to finance his expenses. The greatest risk faced by his cash
Question 3 of 25
Mr. Verma is 30 years of age and he is getting a salary of Rs.50,000/- per month. He wishes to save 40 % of his half yearly
salary every year at the beginning of the year. If his salary increases by 12 % every year and ROI is 15 % per annum then what
will be his accumulated savings at the age of 45?
Question 4 of 25
CERSAI has been authorized by the Government of India to act as Central KYC Registry
Question 5 of 25
The decision that comes out of calls taken based on the market behaviour is_______
Question 6 of 25
If Rs 100000 is invested for a period of 5 years at interest of 10% p.a compounded quarterly, find the maturity value?
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 Non Audit is
Question 8 of 25
An active ________ promotes the growth of the primary market and capital formation.
Question 9 of 25
Debt Mutual Fund schemes mostly invest their funds in _______.?
Question 10 of 25
The KYC requirements for a mutual fund folio have to be completed by:
Question 11 of 25
Under the Investment Adviser Regulations, 2013 notified by SEBI, which of the following has not been considered as one
of the eligibility criteria for investment advisers?
Question 12 of 25
Nifty/Sensex drops by 15% at 11 Am. Market halt will be for
Question 13 of 25
Risk free rate implies a return equal to ________.
Question 14 of 25
Mr. Vijay invested a sum of Rs.6800 at the beginning of every quarter at 10% per annum compounded quarterly for a
period of 12 years. Calculate the Future value of the amount invested?
Question 15 of 25
Two assets A and B have a correlation coefficient of -0.325. It means that
Question 16 of 25
A PPF account is not subject to attachment (seizure of the account by Court order) under
any order or decree of a court.
Question 17 of 25
Registration and regulation of securities market intermediaries is the function of _____.
Question 18 of 25
Avinash wants to know relative advantages of having exposure to Gold as an asset class through Gold Exchange Traded
Funds (Gold ETFs) over physical gold. Which of the following is not appropriate in this context?
Question 19 of 25
A high price to book value ratio may indicate that the companys shares are:
Question 20 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 21 of 25
Ajay bought an equity share whose face value is Rs. 10 for Rs. 250 and earned 50% dividend in year 1, 60% dividend in
year 2, and sold it off after three years for Rs. 300. What is the Total Return on his investment in Simple Annualised format?
Question 22 of 25
The terms on which a security is issued is primarily decided by
Question 23 of 25
Which of the following statement withrespect to Reverse Mortgage is incorrect?
Question 24 of 25
Price bands applicable for Nifty Futures Contracts is __________
Question 25 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