MUTUAL FUND -- SET 16
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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 24
An Investor redeemed units of Gold ETF 20 months after Investment.What is the tax treatment for the capital gains he
Question 2 of 24
The ________ sets out concisely the information about the scheme that a prospective investor ought to know before
Question 3 of 24
Is it compulsory to use fund distributors / intermediaries for investing Mutual Fund Schemes?
Question 4 of 24
Who among the following can nominate?
Question 5 of 24
If an investor feels that the trustees have not fulfilled their obligations, then he/she can file a suit against the trustees for
breach of trust
Question 6 of 24
NAV of Gold Sector Funds Depends on _________
Question 7 of 24
Identify the correct statement
(i) Risk appetite of a Family increases as the number of earning members increases
(ii) Risk appetite decreases as the number of dependent members increases
(iii) Risk appetite is higher when life expectancy is longer
(iv) Well qualified & multi skilled professionals can afford to take more risk
Question 8 of 24
In which of the following funds, the Fund Manager will create a long term portfolio
Question 9 of 24
SEBI has mandated AMCs to put in place a due diligence process to regulate distributors if they have
Question 10 of 24
An AMC has delayed dispatch of dividend warrants and has to pay the penal interest on account of where such delay is
beyond regulatory limits. Which of the following statements is True?
Question 11 of 24
Stock picking is also known as
Question 12 of 24
Investor using ASBA facility in NFO transactions, makes the payment
Question 13 of 24
Relaxation from PAN requirements for micro SIP is available for
Question 14 of 24
The minimum holding period for capital gains to qualify as long term in the case of Gold ETF scheme is
Question 15 of 24
___________ is like a balance confirmation certificate issued by a bank
Question 16 of 24
What is the contribution of sponsor to net worth of Asset Management Company?
Question 17 of 24
Investors have the option to receive allotment of Mutual Fund units of open ended and closed end schemes in their demat
Question 18 of 24
Which of the following is not a fundamental attribute of scheme?
Question 19 of 24
Interval Funds are _________
Question 20 of 24
Which of the following need not be present in KIM?
Question 21 of 24
PHOTO IDENTIFICATION documents applicable for Micro SIP
Question 22 of 24
While evaluating performance for an index fund, which of the following is most important?
Question 23 of 24
A compliance officer of an AMC
Question 24 of 24
Investment Value is Rs 100 Crore. Dividend accrued for shares but not received is Rs 3.9 crore. Expenses payable is Rs
1 crore. Number of Units outstanding is 75 Lakhs. Calculate NAV?