Investment Adviser Level 1 - Set 17
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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
What maximum amount can be invested per year under National Pension System?
Question 2 of 25
Saurabh, aged 30, wants to retire at 45. He wants to maintain his present living standard. He spends Rs. 3,25,000 a year.
He is expected to live upto 85. Inflation is to be assumed at 4% p.a and expected returns are 7% p.a. What is the retirement
corpus required by Saurabh at his age 45 and what amount should he save every year end to meet his plan? His present
investments are Rs 10,00,000?
Question 3 of 25
Capital asset includes stock-in-trade held for the purposes of business or profession
Question 4 of 25
Which of the following best defines Financial Planning process?
Question 5 of 25
A high price to book value ratio may indicate that the companys shares are:
Question 6 of 25
The exempt amount under Transport allowance is
Question 7 of 25
Human Life Value forms the economic foundation of
Question 8 of 25
________option gives the buyer a right but not the obligation to sell the underlying at a predetermined price during a
Question 9 of 25
Investor complaints relating to the following Capital Market issues will not be entertained by SEBI
Question 10 of 25
The deduction from Gross Total Income available u/s 80E for Principal paid on Educational Loan is
Question 11 of 25
Who is the manager of public debt and responsible for the primary issue of government securities?
Question 12 of 25
A technical analyst studies ___________.
Question 13 of 25
Inflation does which of the following to retirement planning?
Question 14 of 25
Market Capitalisation is _____________.
Question 15 of 25
Long-term capital gains of a Debt Scheme without indexation are taxable at 10%
Question 16 of 25
Which of the following need to compulsorily register as investment adviser with SEBI?
Question 17 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 18 of 25
An RML will become due and payable only when the last surviving borrower dies or permanently moves out of the house.
Question 19 of 25
Pradeep has a monthly expense of Rs. 50,000 of which 60% is for household expenses. He is 30 years old and expects to
retire at the age of 55. He expects to incur additional expenses of Rs. 10,000 pm at current prices for discretionary expenses in
retirement. If inflation is seen at 6%, what is the expense that has to be met by retirement income?
Question 20 of 25
Insurance helps to
Question 21 of 25
Scanning the macro economic scenario and then identifying industries to choose from and zeroing in on companies,
Question 22 of 25
Insurance is meant to
Question 23 of 25
Any losses arising out of the transfer of short term capital assets can be set off against:
Question 24 of 25
Which of the following is a financial goal?
Question 25 of 25
Nifty index drops by 15% at 2:30 pm. Market will be halted –