Investment Advisor Level 1 - Set 4
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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
The interest rate risk in a debt fund will depend on
Question 2 of 25
An expense of Rs 50,000 in todays money terms is likely to be required in 3 years. Inflation is expected at 10%. How much
will be the future requirement of money?
Question 3 of 25
If an option is out of the money and the strike price of the option is lower than the spot price of the underlying, then we are
referring to ____________?
Question 4 of 25
The amount of money required or Goal Value is a function of
Question 5 of 25
The purpose of ___________ insurance is to provide indemnity in respect of damages payable under law for personal
injury to third parties.
Question 6 of 25
Simple absolute return is an appropriate measure of return for
Question 7 of 25
Which of the following is not a formal approach in strategic asset allocation?
Question 8 of 25
The minimum tangible assets to be maintained by an individual investment adviser are Rs. _______.
Question 9 of 25
Which of the following categories of shares have to be mandatorily listed on a stock exchange?
Question 10 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 11 of 25
Which of the following is the elementary requirement of Insurable Risk?
Question 12 of 25
Price bands applicable for Nifty Futures Contracts is __________
Question 13 of 25
Which of the following statements is incorrect about endowment?
Question 14 of 25
Market Capitalisation is _____________.
Question 15 of 25
SCORES (SEBI Complaint Redress System) can accept complaint against___________
Question 16 of 25
Question 17 of 25
A retired person is depending on a monthly annuity income to finance his expenses. The greatest risk faced by his cash
Question 18 of 25
A client explains that she only wants an insurance policy that will cover her family against financial risk over the next five
years, while she still has dependent children and a large mortgage. It is unlikely her income will increase over this period. What
type of insurance is she looking for?
Question 19 of 25
Which of the following account cannot be opened under PPF scheme?
Question 20 of 25
___________administers government policies relating to:
(i) Public sector banks.
(ii)Term-lending financial institutions.
(iii)Life Insurance and General Insurance.
Question 21 of 25
In a CALL option the Buyer exercises the right if on the specified date the strike price is __________than the SPOT price.
Question 22 of 25
The return on equity stock for a year is 23%. The rate of inflation during the year is 5%. Calculate the real total return
Question 23 of 25
The decision that comes out of calls taken based on the market behaviour is_______
Question 24 of 25
To avail the benefit of section 54, the asset transferred should be ____________,being a residential house property.
Question 25 of 25
Which of the following does not form a study of the fundamental analysis?