Investment Adviser Level 1 - Set 9
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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
Process of distributing investors wealth among various asset classes is known as _________.
Question 2 of 25
_____________ is the decision that comes out of calls on the likely behaviour of the market
Question 3 of 25
A resident’s total income comprises all his income accrued/ received or deemed to accrue/ received
Question 4 of 25
An investor purchases equity shares of a Sugar producing company. The returns from his investment do not face
Question 5 of 25
What maximum amount can be invested per year under National Pension System?
Question 6 of 25
The simplest objective of making a family budget is to ____
Question 7 of 25
Mr. Rajan’s investment portfolio comprises Rs.2 lakh in equity, Rs.5 lakh in debt and Rs. 1 lakh in his bank current account.
Over one year the returns on equity and debt are 5% and 12%. At the end of the year to maintain his current asset allocation, he
needs to _____________.
Question 8 of 25
A company may purchase its own shares, out of _____.
Question 9 of 25
Which of the following statements about reverse mortgage is untrue?
Question 10 of 25
__________exercises control over matters relating to direct and indirect taxes of the Central Government
Question 11 of 25
An investor holds a large portfolio of shares from different companies and industries. Her portfolio is likely to be
Question 12 of 25
Payment for a public issue can be made through which of the following modes?
Question 13 of 25
A high price to book value ratio may indicate that the companys shares are:
Question 14 of 25
Capital assets like equity shares which are listed in a recognised stock exchange in India will be treated as short term
capital assets if they are held by the taxpayer for a period of not more than_______months immediately preceding the date of
Question 15 of 25
The market for trading in securities already issued is called
Question 16 of 25
Puneet is earning Rs.15 lacs a year and expects his income to increase by 2% year on year (Y-O-Y).He also expects a
growth of 7% p.a. on his investments. He has 30 years of working left as he would like to retire at age 60. Calculate the
insurance he needs as per Human Life Value?
Question 17 of 25
In which of the following situations will the insured not have insurance cover?
Question 18 of 25
A Public issue is required to be kept open for a minimum of _________ working days
Question 19 of 25
Mr Mony plans to invest Rs. 100,000 every year from age 45 to 60 and Mrs Mony invests Rs. 30,000 from Age 30 till age
60.Both earn 12% return per annum. Whose corpus is higher and by how many times?
Question 20 of 25
Who among the following are the beneficiaries of the Reverse Mortgage Scheme?
Question 21 of 25
The asset allocation of an investor should be ideally aligned to:
Question 22 of 25
Rani requires a monthly income of Rs. 35,000 by todays value for her retirement 25 years away at the age of 60. She
expects to live up to 80 years. What is the retirement corpus required if the banks deposit into which she will invest her
retirement savings is likely to yield 8% and the rate of inflation is 6%?
Question 23 of 25
The share capital of a company will NOT increase when there is a
Question 24 of 25
Aruns taxable yearly income is Rs.15 lakh. He is told that the interest income of Rs.50,000 that he earned from his bank
deposits will be taxed at the marginal rate of tax applicable to him. What tax rate does apply for Arun?
Question 25 of 25
Registration and regulation of securities market intermediaries is the function of _____.