INVESTMENT ADVISER LEVEL 2  SET 25
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Dear Candidate,
1. This is a Mock Examination of NISMSeriesXVIII: 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 NISMSeriesXVIII: Financial Education Certification Examination.
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Question 1 of 25
1. Question
A higher turnover in a stock indicates______

Question 2 of 25
2. Question
Green Shoe Option means______.

Question 3 of 25
3. Question
A Bond of face value Rs.5000 carries a coupon interest rate of 12%. It is quoted in the market at Rs.4500. What is the
current yield of the bond? 
Question 4 of 25
4. Question
Who among the following are exempted from SEBI (Investment Advisers) Regulation, 2013?

Question 5 of 25
5. Question
Which of the following is an indication of indebtedness?

Question 6 of 25
6. Question
This bias leads investors to choose what they are comfortable with

Question 7 of 25
7. Question
Which of the following does a fundamental analyst study?

Question 8 of 25
8. Question
If an Investor has completed KYC formalities with a Centralised KYC Registration Agency is applicable for

Question 9 of 25
9. Question
An Investor holds a security that is rated A+. The rating of the security migrates to A. What is the risk that the investor has
faced ? 
Question 10 of 25
10. Question
Which bond would most likely possess the least degree of interest rate risk?

Question 11 of 25
11. Question
Which of the following depends on the market?

Question 12 of 25
12. Question
Which of the following is the primary function of the secondary markets?

Question 13 of 25
13. Question
An investor bids Rs.45 in a book built public issue where the cutoff is discovered as Rs 50

Question 14 of 25
14. Question
Which of the following is not a feature of personal Financial Planning?

Question 15 of 25
15. Question
A person who has a complaint against an insurance company must lodge his complaint with___.

Question 16 of 25
16. Question
An investor who decides to go overweight on equities is taking a

Question 17 of 25
17. Question
Aditi is 30 years old. She deposits 25000 at the beginning of each year in deferred annuity scheme as a part of her
retirement planning. How much will be in the account after 25 years if it earns 9.5% compound annual interest? 
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 did the investor book on the sale, if the units related to equity 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 did the investor book on the sale, 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 long term capital gain did the investor book on the sale, 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) How much long term capital gain tax will the investor have to pay, if the units related to equity scheme? 
Question 22 of 25
22. Question
Case Study:
Mr. A wants to avail of a loan from a bank for purchasing a car worth Rs. 7.8 Lac. The bank charges a fixed rate of interest of 10% p.a. on
monthly reducing balance basis to sanction a loan which is 80% of the cost of vehicle. Loan amount is added by 1% upfront loan processing
fees in the loan amount. The loan is taken for 4 years. You compute the following:
Q22) The amount of loan sanctioned by the bank is ______ 
Question 23 of 25
23. Question
Case Study:
Mr. A wants to avail of a loan from a bank for purchasing a car worth Rs. 7.8 Lac. The bank charges a fixed rate of interest of 10% p.a. on
monthly reducing balance basis to sanction a loan which is 80% of the cost of vehicle. Loan amount is added by 1% upfront loan processing
fees in the loan amount. The loan is taken for 4 years. You compute the following:
Q23) The Equated Monthly Instalment (EMI) of loan is ______ 
Question 24 of 25
24. Question
Case Study:
Mr. A wants to avail of a loan from a bank for purchasing a car worth Rs. 7.8 Lac. The bank charges a fixed rate of interest of 10% p.a. on
monthly reducing balance basis to sanction a loan which is 80% of the cost of vehicle. Loan amount is added by 1% upfront loan processing
fees in the loan amount. The loan is taken for 4 years. You compute the following:
Q24) Suppose if he pays Rs 2 Lakhs after 24 months, what would have been the principal outstanding then? 
Question 25 of 25
25. Question
Case Study:
Mr. A wants to avail of a loan from a bank for purchasing a car worth Rs. 7.8 Lac. The bank charges a fixed rate of interest of 10% p.a. on
monthly reducing balance basis to sanction a loan which is 80% of the cost of vehicle. Loan amount is added by 1% upfront loan processing
fees in the loan amount. The loan is taken for 4 years. You compute the following:
Q25) What would have been the EMI had the processing fee not included in the Loan amount?