INVESTMENT ADVISER LEVEL 2 -- SET 20
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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
Which of the following stocks has high beta?
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Question 2 of 25
2. Question
Which of the following depends on the market?
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Question 3 of 25
3. Question
Which of these is not a part of CORE PORTFOLIO?
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Question 4 of 25
4. Question
Which of the following statement regarding bond pricing is true?
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Question 5 of 25
5. Question
It is sensible to invest in long term debt funds in case of declining interest rate scenario
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Question 6 of 25
6. Question
Which bond would most likely possess the least degree of interest rte risk?
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Question 7 of 25
7. Question
_____ Ratio indicates of how much each share is worth, as per the company’s own books
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Question 8 of 25
8. Question
What is Call Option in debt securities?
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Question 9 of 25
9. Question
Which of the following is essential for the public issue of a debt security?
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Question 10 of 25
10. Question
11% Government of India security is quoted at Rs. 110, the yield will be
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Question 11 of 25
11. Question
The compounded return of a Fund is 12.55%. The annualised standard deviation of the fund is 6.98%. Risk-free return of
T-Bills is 8%. Calculate Sharpe ratio. -
Question 12 of 25
12. Question
A bond pays 10% interest per annum. The inflation rate for that year is 5%. What is the real return?
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Question 13 of 25
13. Question
Which of the following terms represents an upper price limit for a stock, based on the quantity of willing sellers?
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Question 14 of 25
14. Question
BCSBI stands for
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Question 15 of 25
15. Question
A non-discretionary PMS puts the onus of decision making on the investor, with the portfolio manager providing support
and execution facilities -
Question 16 of 25
16. Question
Sumeet, aged 25 plans to retire at age 55. His life expectancy is 75. His current annual expenditure is Rs.250000. He
estimates no reduction in his expenses post-retirement. If interest rate is expected to be 8.5% and inflation is 5% p.a. estimate
how much will he have to save per annum in order to achieve his target, provided he does not wish to leave an estate. -
Question 17 of 25
17. Question
The Duration of Zero coupon bond would be
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Question 18 of 25
18. Question
Case Study:
An investor bought units of a scheme as follows: Feb 5, 2014 500 units @ Rs12; Aug 7, 2014 600 units @ Rs13. He sold 600 units at Rs14 on
March 2, 2015. Cost Inflation Index numbers are 2012‐13 852; 2013‐14 939; 2014‐15 1024; 2015‐16 1075 (assumption). Assume the investor is in
20% tax bracket. Ignore STT, Surcharge & Education Cess.
Q18) How much long term capital gain tax will the investor have to pay, if the units related to debt scheme? -
Question 19 of 25
19. Question
Case Study:
An investor bought units of a scheme as follows: Feb 5, 2014 500 units @ Rs12; Aug 7, 2014 600 units @ Rs13. He sold 600 units at Rs14 on
March 2, 2015. Cost Inflation Index numbers are 2012‐13 852; 2013‐14 939; 2014‐15 1024; 2015‐16 1075 (assumption). Assume the investor is
in 20% tax bracket. Ignore STT, Surcharge & Education Cess.
Q19) How much short term capital gain tax will the investor have to pay, if the units related to equity scheme? -
Question 20 of 25
20. Question
Case Study:
An investor bought units of a scheme as follows: Feb 5, 2014 500 units @ Rs12; Aug 7, 2014 600 units @ Rs13. He sold 600 units at Rs14 on
March 2, 2015. Cost Inflation Index numbers are 2012‐13 852; 2013‐14 939; 2014‐15 1024; 2015‐16 1075 (assumption). Assume the investor is
in 20% tax bracket. Ignore STT, Surcharge & Education Cess.
Q20) How much short term capital gain tax will the investor have to pay, if the units related to debt scheme? -
Question 21 of 25
21. Question
Case Study:
An investor bought units of a scheme as follows: Feb 5, 2014 500 units @ Rs12; Aug 7, 2014 600 units @ Rs13. He sold 600 units at Rs14 on
March 2, 2015. Cost Inflation Index numbers are 2012‐13 852; 2013‐14 939; 2014‐15 1024; 2015‐16 1075 (assumption). Assume the investor is in
20% tax bracket. Ignore STT, Surcharge & Education Cess.
Q21) If it were Units of a Non Equity Scheme then when would it become Long Term? -
Question 22 of 25
22. Question
Case Study:
Following are the assets and liabilities of Mr. Parag Assets : House costing Rs 25 lacs but now valued at Rs 40 lacs. Equity Shares – Rs 7
lacs, Debentures Rs 3 lacs, Long Term Fixed Deposits – Rs 10 lacs, Short Term Bank Fixed Deposits – Rs 2 lacs, Car Rs 4 lacs, SUV Rs 6
lacs, Open Ended Equity Schemes – Rs 6 lacs, Open Ended Debt Schemes – Rs 5 lacs, Liquid Schemes – Rs 5 lacs, Saving Bank a/c Rs 1
lac. Liabilities : Housing loan – Rs 12 lacs, Loan from friends – Rs 5 lacs, Vehicle loan Rs 4 lacs and Credit card outstanding Rs 1 lac.
Q22) What is Mr. Parag’s leverage ratio ? -
Question 23 of 25
23. Question
Case Study:
Following are the assets and liabilities of Mr. Parag Assets : House costing Rs 25 lacs but now valued at Rs 40 lacs. Equity Shares – Rs 7
lacs, Debentures Rs 3 lacs, Long Term Fixed Deposits – Rs 10 lacs, Short Term Bank Fixed Deposits – Rs 2 lacs, Car Rs 4 lacs, SUV Rs 6
lacs, Open Ended Equity Schemes – Rs 6 lacs, Open Ended Debt Schemes – Rs 5 lacs, Liquid Schemes – Rs 5 lacs, Saving Bank a/c Rs 1
lac. Liabilities : Housing loan – Rs 12 lacs, Loan from friends – Rs 5 lacs, Vehicle loan Rs 4 lacs and Credit card outstanding Rs 1 lac.
Q23) Calculate the value of Mr. Parag’s liquid assets -
Question 24 of 25
24. Question
Case Study:
Following are the assets and liabilities of Mr. Parag Assets : House costing Rs 25 lacs but now valued at Rs 40 lacs. Equity Shares – Rs 7
lacs, Debentures Rs 3 lacs, Long Term Fixed Deposits – Rs 10 lacs, Short Term Bank Fixed Deposits – Rs 2 lacs, Car Rs 4 lacs, SUV Rs 6
lacs, Open Ended Equity Schemes – Rs 6 lacs, Open Ended Debt Schemes – Rs 5 lacs, Liquid Schemes – Rs 5 lacs, Saving Bank a/c Rs 1
lac. Liabilities : Housing loan – Rs 12 lacs, Loan from friends – Rs 5 lacs, Vehicle loan Rs 4 lacs and Credit card outstanding Rs 1 lac.
Q24) Calculate the Networth of Mr. Parag. -
Question 25 of 25
25. Question
Case Study:
Following are the assets and liabilities of Mr. Parag Assets : House costing Rs 25 lacs but now valued at Rs 40 lacs. Equity Shares – Rs 7
lacs, Debentures Rs 3 lacs, Long Term Fixed Deposits – Rs 10 lacs, Short Term Bank Fixed Deposits – Rs 2 lacs, Car Rs 4 lacs, SUV Rs 6
lacs, Open Ended Equity Schemes – Rs 6 lacs, Open Ended Debt Schemes – Rs 5 lacs, Liquid Schemes – Rs 5 lacs, Saving Bank a/c Rs 1
lac. Liabilities : Housing loan – Rs 12 lacs, Loan from friends – Rs 5 lacs, Vehicle loan Rs 4 lacs and Credit card outstanding Rs 1 lac.
Q25) Calculate Mr. Parag’s solvency ratio.