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NISM VA Extra Mock Test With Answer
NISM VA Extra Mock Test With Answer
NISM VA Extra Mock Test With Answer
1 DDT( Dividend Distribution Tax) in debt fund is? ₹0.25 ₹0.13 ₹0.20 ₹0.10 A
Mr. X has 1000 shares of XYZ ltd. , company declares 1:2 bonus, how many additional
2 ₹1,000.00 ₹2,000.00 ₹500.00 ₹3,000.00 C
shares will he get?
Calculate NAV. Market price of Stock -95 Cr, Market price of Money market instrument –
3 6.44 Cr, Dividend accrued but not received -1.99 Cr and Fees payable – 0.25 Cr. Out ₹137.57 ₹132.26 ₹138.24 A
standing Units -75 Lakh
Mr. X has invested in equity scheme at an NAV of Rs.10.50, Current NAV is Rs.12. Which
4 Notional Gain Valuation Gain B
kind of gain is it ?
Depreciation of fixed
5 Which amongst the following recurring expenses attributes to any Mutual Fund schemes Marketing expenses Fund Accounting Fees None of the above B
Assets
6 Capital loss can not be set off against any head of income. TRUE FALSE A
9 Beta of less than one is considered to be less risky more risky no difference A
10 The difference between NAV and re-purchase price is _______ Entry Load Exit Load Expenses Dividend Stripping B
Mrs. XYZ invests Rs. 50,000 in equity fund, the NAV=22 and the Face value is Rs. 100.
11 ₹500.00 ₹2,200.00 ₹2,800.50 ₹2,272.70 D
How many units will she get?
While Running new fund offer, investor can invest in existing schemes of AMC
13 TRUE FALSE A
subsequently
14 An Investor who is looking for price appreciation in long term should opt for which plan? Growth Dividend Payout Dividend Reinvest A
15 In international Fund, domestic fund is also known as : Feeder Fund Host Fund Fund of Fund None of the above A
16 Which does not pull the return down ? Tax Expenses Yield All of the above C
17 The following distribution channel is not likely to have wide network for distribution Banks IFA Regional Distributor Post Office B
19 institutional distributors build reach through EMPLOYEES AGENTS SUB BROKERS any of the above D
21 Which of the following is considered to be a part of institutional category ? FII HUF PIO A
22 Every distributor must be allotted: ARN ARN and EUIN EUIN None of the above B
Distributors have got a new distribution channel by offering MF on the stock market to their
23 TRUE FALSE A
investors.
24 Which group of people are allowed to invest in Mutual funds? Minor HUF NRI All of the above D
25 Appointment of AMC can be terminated by_____ Central Government 75% of Unit Holders Trusties Any of the above B
26 Trust deed is signed between trustees & _______ AMC RTA CEO of AMC Sponsors D
27 Which of the following is not required to be registered with SEBI? R&T agent Custodian Fund Accountant None of the above C
28 Who can appoint a trustee? AMC SEBI Sponsor Custodian C
29 Life Insurance is meant for Investment Tax Saving Liquidity Risk Coverage D
30 Childhood stage in Life Cycle and Wealth Cycle are same. TRUE FALSE B
32 Last Step of developing model portfolio is Identify Risk Scheme Selection Investor Profile Setting Financial Goals B
38 What is/are the benefit/s of Demat? Paperless Transaction Direct credit of dividend None of the above All of the above D
39 Time stamping is done at Distributors Office Banks Point of Service Point of Acceptance D
41 A person can invest in mutual fund without pan card for a limit of_______per AMC ₹1,00,000.00 ₹50,000.00 ₹20,000.00 Not permited B
45 The person to whom units are pledged is known as : Pledgor Pledgee Lender Broker B
46 Foreigner can not invest in Mutual funds even after completing KYC. TRUE FALSE A
Some pension funds are limited by charter to take equity exposure only through Index
52 TRUE FALSE B
Funds.
Anyone who is aggrieved by a ruling of SEBI, can file an appeal with the Securities
53 TRUE FALSE A
Appellate Tribunal (SAT) .
55 If dividend is not paid within 30 days from date of declaration, interest is charged at rate of ₹0.18 ₹0.24 ₹0.12 ₹0.15 D
56 _________ is an example of Self Regulatory Organization ( SRO) BSE SBI AMFI None of the above A
Scheme other than ELSS and RGESS can remain open for subscription for maximum of
57 10 days 15 Days 8 Days 2 Days B
_____
60 KIM is attached with _____ Application Form Transaction slip OD All of the above A
61 KIM has to be updated every ______ 6 months 1 year End of 1st quarter Need based D
Which among these documents is not a source of information about investors eligible to
62 OD SID Scheme Annual Report KIM C
invest in MF Scheme ?
64 Free risk profiling tool is available with following companies websites AMC Distribution Agencies Research Agencies All of the above D
65 When share market corrects, altering the investment strategy is called Tactical Allocation Strategic Allocation Market Allocation None of the above A
66 for a young call centre employee who is un married, the wealth cycle phase would be Accumulation Distribution stage Reaping Stage A
Portfolio of a middle class person for retirement planning should not be high on equity as
67 TRUE FALSE B
there the risk is also high.
68 Asset allocation should be done according to : Investment needs Financial goals Insurance needs B
69 Which of the following family information has influence on Risk Appetite Earning Members Dependent Members Life Expectancy All of the above D
70 Asset Allocation can vary because of which reason Change in market change in interest rate Both of the above None of the above C
71 Risk appetite of investors is assessed through _______ Risk Appetizers Asset Allocators Risk Profilers Financial Plan C
72 What is the market price of a stock having a P/E Ratio of 10 and EPS of 5? ₹50.00 ₹2.00 ₹500.00 None of the above A
What is the book value of a stock which is having a share capital of Rs. 1300 Crores,
73 ₹14.00 ₹12.00 ₹140.00 ₹16.00 A
Reserve and Surplus of Rs. 100 Crores and having outstanding shares of 100 crores?
74 return on portfolio is 6%, risk free return is 3% and beta is 0.5. calculate the treynor ratio. ₹3.00 ₹6.00 ₹4.00 ₹5.00 B
Return on portfolio is 6%, risk free return is 2% and Standard Deviation is 0.5. Calculate
75 ₹6.00 ₹8.00 ₹4.00 ₹5.00 B
the sharp ratio.
Standard deviation can be calculated in excel with the help of which of the following
76 Std Cov Var STDEV D
formulas?
What is the CAGR on the portfolio where the fund was purchased at 10.5% and sold at
77 ₹0.06 ₹0.11 ₹0.07 ₹0.09 A
12.5% after 3 years
What is the absolute return on the fund which had an NAV of 13.8 after the NFO launch at
78 2800 times ₹2.80 ₹0.28 ₹3.80 B
the face value of 10?
Mr. X has invested in equity scheme on Jan 31, NAV was Rs.10.50. On May 31, NAV was
79 -₹0.02 -₹0.20 -₹0.02 -₹0.00 A
Rs.10.32. Calculate simple return on scheme in this period ?
80 Formula of calculating the future cost of Rs.25 lacs today after 5 years with inflation of 8% 25 lacs * ( 1+0.08) ^ 5 25 lacs / ( 1+0.08) ^ 5 25 lacs / ( 1+0.08) * 5 A
81 Risk can be measured by : Variance Standard deviation Beta Any of the above D
82 Conservative investor does not invest in Sector Fund Large size fund Balance Fund Arbitrage fund A
83 Value funds are generally more suitable than Growth funds in stable market bullish market bearish market All of the above C
The average net assets of a fund is 500 Cr. And the total buying and selling is 1000
84 20 Times 2 Times 0.5 Times 10 Times B
Cr.What is the portfolio turnover ratio
Equity Oriented Balance
85 Investors looking to select hybrid funds with tax benefit must choose Conservative MIP Debt orriented Balance Fund Aggressive MIP C
Fund
86 Junk bonds invest in _____ T- Bills Gilts Low yield bonds High Yield bonds D
87 Arbitrage funds are taxed as : Equity funds Debt funds Hybrid Funds Balanced Funds A
88 Equity oriented funds invest in __________ % in equities ₹0.50 More than 50% ₹0.60 65% & above D
89 Fund of funds invest in NAV of other funds Equity Securities Debt Securities None of the above A
90 During economic turmoil it can be risky to invest in ________ Mid & Small Cap Large Cap Diversified Equity fund Growth Fund A
92 More than 50% of the wealth of indians are in financial assets TRUE FALSE B
93 Under the new pension scheme, tier || account is a savings account. TRUE ₹0.00 A
95 Financial asset included Real Estate Gold Capital Market Securities All of the above C
96 Investors can buy gold deposits through mutual funds and Banks. TRUE FALSE B
97 Real Estate is under control of investor who draws psychological comfort. TRUE FALSE A
98 Which of the following asset class is riskier asset in New Pension Scheme ( NPS ) ? Asset Class E Asset Class C Asset Class G A
99 In the event of turmoil, value of gold ________ Increases Decreases Remains Constant None of the above A