INVESTMENT ADVISER LEVEL 2 -- SET 5
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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
Commercial Paper can be issued for maturities between a minimum of 7 days and a maximum upto one year from the date
of issue -
Question 2 of 25
2. Question
In Normal Settlement, Re-bad delivery reporting and pickup happens on______________
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Question 3 of 25
3. Question
If market quotes USD/INR as 43.61/63, at what rate can you buy USD at the given quote:
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Question 4 of 25
4. Question
Statement 1 : Variance is square root of standard deviation. Statement 2 : Standard deviation is the square root of variance.
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Question 5 of 25
5. Question
Current Annual Income of the Insured Rs 10 Lakhs
Retirement Age – 60
Current Age – 33
Estimated return on investment – 10%
Expected annual inflation rate – 6%Calculate Human Life Value
Assume Type as Zero -
Question 6 of 25
6. Question
The present value of a sum of money________as the Discounting rate________
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Question 7 of 25
7. Question
If current price of a bond is Rs 98.50, its Duration is 2.7613 and yield is likely to change from 6.00% to 5.80%, then the
likely price of the bond is______ [Use Modified Duration for Calculating Change in Price].The bond is paying annual coupon -
Question 8 of 25
8. Question
___________is given to limit the loss in a buy or sell trade by specifying a price to execute an opposite trade.
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Question 9 of 25
9. Question
Process of distributing investor’s wealth among various asset classes is known as _________.
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Question 10 of 25
10. Question
Supervision of Depositories such as NSDL and CDSL is the role of
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Question 11 of 25
11. Question
The benefit accruing to traders who play in different markets simultaneously, because markets are imperfect, is called
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Question 12 of 25
12. Question
Banking Codes and Standards framed by BCSBI is a _________
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Question 13 of 25
13. Question
Are there any fee / charges that need to be paid for lodging the complaint with the Ombudsman?
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Question 14 of 25
14. Question
A scheme under which the company grants option (A right but not an obligation ) to an employee to apply for shares of
the company at a pre determined price is known as____________ -
Question 15 of 25
15. Question
A foreign company has a manufacturing unit in India.The production of this unit will be included in_________
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Question 16 of 25
16. Question
Which among the following is a drawback of Standard Deviation?
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Question 17 of 25
17. Question
Non-systematic risk in an equity portfolio can be minimized by diversification across companies
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Question 18 of 25
18. Question
Case Study:
Mr. Y, aged 40, has the following goals ahead of him. (1) Son post-graduate education due in Year 6. Current cost Rs 15,00,000 p.a. to be
incurred each year for 2 years. Likely Inflation 15% p.a. (2) Daughter’s marriage: Scheduled in end of Year 7. Current cost Rs 1,00,00,000.
Inflation is assumed to be at 10% p.a. Mr. Y has provided a corpus of Rs 2,00,00,000 towards these two needs. The corpus is invested in a
mix of debt and equity yielding 8% p.a. Ignore taxation.
Q18) What is the likely outflow on account of daughter’s marriage in the year it is planned? -
Question 19 of 25
19. Question
Case Study:
Mr. Y, aged 40, has the following goals ahead of him. (1) Son post-graduate education due in Year 6. Current cost Rs 15,00,000 p.a. to be
incurred each year for 2 years. Likely Inflation 15% p.a. (2) Daughter’s marriage: Scheduled in end of Year 7. Current cost Rs 1,00,00,000.
Inflation is assumed to be at 10% p.a. Mr. Y has provided a corpus of Rs 2,00,00,000 towards these two needs. The corpus is invested in a
mix of debt and equity yielding 8% p.a. Ignore taxation.
Q19) Calculate the amount required for Post Graduate education in Year 6 and Year 7 respectively? -
Question 20 of 25
20. Question
Case Study:
Mr. Y, aged 40, has the following goals ahead of him. (1) Son post-graduate education due in Year 6. Current cost Rs 15,00,000 p.a. to be
incurred each year for 2 years. Likely Inflation 15% p.a. (2) Daughter’s marriage: Scheduled in end of Year 7. Current cost Rs 1,00,00,000.
Inflation is assumed to be at 10% p.a. Mr. Y has provided a corpus of Rs 2,00,00,000 towards these two needs. The corpus is invested in a
mix of debt and equity yielding 8% p.a. Ignore taxation.
Q20) How much will be left in the corpus after both goals are fulfilled? -
Question 21 of 25
21. Question
Case Study:
Mr. Y, aged 40, has the following goals ahead of him. (1) Son post-graduate education due in Year 6. Current cost Rs 15,00,000 p.a. to be
incurred each year for 2 years. Likely Inflation 15% p.a. (2) Daughter’s marriage: Scheduled in end of Year 7. Current cost Rs 1,00,00,000.
Inflation is assumed to be at 10% p.a. Mr. Y has provided a corpus of Rs 2,00,00,000 towards these two needs. The corpus is invested in a mix
of debt and equity yielding 8% p.a. Ignore taxation.
Q21) How would you describe the investment policy Mr. Y is using for the corpus? -
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?
