INVESTMENT ADVISER LEVEL 2 -- SET 14
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Dear Candidate,
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
1. Question
DRF is the acronym for__________
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Question 2 of 25
2. Question
Bear Spread means
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Question 3 of 25
3. Question
One year interest rates in US and India are say 7% and 11% respectively and the spot rate of USD in India is Rs. 38. One
year forward exchange rate should be Rs._____ -
Question 4 of 25
4. Question
If the post tax rate of return on an investment is 8% and the inflation rate is 5% the real rate of return is___
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Question 5 of 25
5. Question
What is true about the characteristics of Bond?
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Question 6 of 25
6. Question
Final settlement on USD INR Currency Derivatives is done using
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Question 7 of 25
7. Question
A higher turnover in a stock indicates______
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Question 8 of 25
8. Question
Which of the following is a Financial Goal?
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Question 9 of 25
9. Question
Every listed public company making an initial offer of any security of __________ has to issue it only in dematerialized
form in accordance with the Depositories Act 1996 -
Question 10 of 25
10. Question
Daily settlement on USD INR Currency Derivatives is done using
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Question 11 of 25
11. Question
Which funds can be purchased and sold at real time price rather than at NAV?
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Question 12 of 25
12. Question
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 13 of 25
13. Question
The objective of the Depositories Act 1996 is?
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Question 14 of 25
14. Question
What is the expansion of BSBDA?
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Question 15 of 25
15. Question
One of the most popular tools used by technical analysts is:
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Question 16 of 25
16. Question
A bond holder of a company has one of the following relationship with it. Identify
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Question 17 of 25
17. Question
Forward rate in Currency Market is
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Question 18 of 25
18. Question
Case Study:
An Investor had bought HDFC 9.70% 2017 bond issued on 19 July 2007 and maturing on 19 July 2017 with annual payment of interest. He paid
Rs. 103 on Nov 1, 2014 to the seller which includes Market Price and Broken Period Interest.The Duration of the bond is 2.46 years.
Q18) Calculate the yield of the bond? (Hint : Use XIRR Function -
Question 19 of 25
19. Question
Case Study:
An Investor had bought HDFC 9.70% 2017 bond issued on 19 July 2007 and maturing on 19 July 2017 with annual payment of interest. He
paid Rs. 103 on Nov 1, 2014 to the seller which includes Market Price and Broken Period Interest.The Duration of the bond is 2.46 years.
Q19) Calculate the Modified Duration of the bond? -
Question 20 of 25
20. Question
Case Study:
An Investor had bought HDFC 9.70% 2017 bond issued on 19 July 2007 and maturing on 19 July 2017 with annual payment of interest. He paid
Rs. 103 on Nov 1, 2014 to the seller which includes Market Price and Broken Period Interest.The Duration of the bond is 2.46 years.
Q20) Calculate the percentage change in price of a bond if the yield of a bond were to change by 20 basis points? -
Question 21 of 25
21. Question
Case Study:
An Investor had bought HDFC 9.70% 2017 bond issued on 19 July 2007 and maturing on 19 July 2017 with annual payment of interest. He
paid Rs. 103 on Nov 1, 2014 to the seller which includes Market Price and Broken Period Interest.The Duration of the bond is 2.46 years.
Q21) If the yield of the bond increases by 40 basis points, What will happen to the Price of the bond? -
Question 22 of 25
22. Question
Case Study:
Mr.Hari retired from MODELEXAM . He is covered under the Payment of Gratuity Act, 1972. He served for 30 years and 9 months. Hari
received a Gratuity of Rs.400000. His monthly basic salary at the time of retirement was Rs. 30,200 p.m. and Dearness Allowance was 50% of
Basic Salary p.m. House Rent Allowance was Rs. 15000 p.m. He lives in an ownership flat. His monthly Family Expenses amounts to Rs
20,000 per month. Hari is aged 57 and his expectancy is 75. His wife is aged 52 and her life expectancy is 75.
Q22) Compute Taxable amount of Gratuity? -
Question 23 of 25
23. Question
Case Study:
Mr.Hari retired from MODELEXAM . He is covered under the Payment of Gratuity Act, 1972. He served for 30 years and 9 months. Hari
received a Gratuity of Rs.400000. His monthly basic salary at the time of retirement was Rs. 30,200 p.m. and Dearness Allowance was 50% of
Basic Salary p.m. House Rent Allowance was Rs. 15000 p.m. He lives in an ownership flat. His monthly Family Expenses amounts to Rs
20,000 per month. Hari is aged 57 and his expectancy is 75. His wife is aged 52 and her life expectancy is 75.
Q23) Calculate Taxable amount of HRA? -
Question 24 of 25
24. Question
Case Study:
Mr.Hari retired from MODELEXAM . He is covered under the Payment of Gratuity Act, 1972. He served for 30 years and 9 months. Hari
received a Gratuity of Rs.400000. His monthly basic salary at the time of retirement was Rs. 30,200 p.m. and Dearness Allowance was 50% of
Basic Salary p.m. House Rent Allowance was Rs. 15000 p.m. He lives in an ownership flat. His monthly Family Expenses amounts to Rs
20,000 per month. Hari is aged 57 and his expectancy is 75. His wife is aged 52 and her life expectancy is 75.
Q24) Calculate the Retirement Corpus required at the time of retirement? (Hari wants to provide till Life expectancy of his
wife).Assume Inflation as 5.5% and Post Retirement Yield as 7.75% -
Question 25 of 25
25. Question
Case Study:
Mr.Hari retired from MODELEXAM . He is covered under the Payment of Gratuity Act, 1972. He served for 30 years and 9 months. Hari received
a Gratuity of Rs.400000. His monthly basic salary at the time of retirement was Rs. 30,200 p.m. and Dearness Allowance was 50% of Basic
Salary p.m. House Rent Allowance was Rs. 15000 p.m. He lives in an ownership flat. His monthly Family Expenses amounts to Rs 20,000 per
month. Hari is aged 57 and his expectancy is 75. His wife is aged 52 and her life expectancy is 75.
Q25) Mr.Hari came to know about Senior Citizen Saving Scheme and wants to Invest in it. What is the minimum age at entry?