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WorksheetsNISM real
Total questions: 100
Worksheet time: 8hrs 20mins
Name
Class
Date
1.
Which of the following entities reaches MF product beyond geographical locations
a)
The Brokers
b)
The Custodian
c)
The Distributer
d)
R & T Agents.
2.
SEBI is sole regulatory authority for MF are answerable
a)
TRUE
b)
FALSE
3.
Where the investor desires to hold MF unit in DMAT form the AMC will still be required to Perform KYC to such investors
a)
TRUE
b)
FALSE
4.
Offer document enable investor to compare the of MF scheme with another MF scheme
a)
TRUE
b)
FALSE
5.
which of the following investors belong to institutional group?
a)
HUF
b)
NRI
c)
Proprietary firm
d)
FII
6.
Performance advertisement
a)
Shall identify Nature of scheme
b)
shall only advertise compounded annualise yield Calculated using the prescribe procedure
c)
shall mention the dividend declared or paid in Rs per unit along with face value of each unit ofthat scheme and the prevailing NAV at the time ofDeclaration of Dividend
d)
All of the above
7.
Benefits of STP is
a)
Paper work is minimized
b)
Idle funds situation reduced
c)
Both
d)
None
8.
Company has issued 10 core equity shares. It earns profit of Rs. 105 core on which it has Paid tax of Rs. 5 core and distributed dividend of Rs 20 core. What is EPS ?
a)
10
b)
10.5
c)
12
d)
11.5
9.
Floating Rate Interest is ?
a)
government yield+ spread
b)
yield spread
c)
base + spread
d)
payable only on maturity
10.
Market price of which of the following investment instruments will fluctuates more ?
a)
Long Tenor debt
b)
Short tenor Debt
c)
Floating Rate Securities
d)
Debentures
11.
Asset considered for Asset Allocation ideally be
a)
Similar
b)
only Physical
c)
Only Financial Asset
d)
Mix of different kind of Asset
12.
Which of the following is most unlikely to have a model portfolio with 20% alloacation to sector fund?
a)
Young Executive early in his career.
b)
Well Placed Mid Level Executive
c)
Investor in Distribution Phase
d)
Senior Executive with Well Settled Children
13.
A distributor can be empaneled by AMC only if
a)
Such distributor and its representative has/have cleared certifying Exam
b)
Such distributor is approved by AMFI
c)
Such Distributor is registered with Stock Exchange
d)
Approved by SEBI
14.
AGNI is mandated by ?
a)
AMFI
b)
AMFI and SEBI
c)
RBI
d)
SEBI
15.
Junk Bond Scheme is also be known as High Yeild Scheme ?
a)
TRUE
b)
FALSE
16.
According to Some studies Asset Allocations and Investment Policy can better explain the portfolio performance as compared to Stock selection and Investment Timimg?
a)
TRUE
b)
FALSE
17.
Which Of the following benefits of starting Health Inurance Policy early?
a)
Higher Money Back after 5 years
b)
Protection against Insurance Company rejecting claim on the ground of pre-existing illness
c)
Both of the above
d)
None Of the above
18.
Which of the gollowing is Government Savings Scheme?
a)
Infrastrucure Bond
b)
RBI releif Bond
c)
Post Office recurring Deposit
d)
All of the above
19.
Duration of PPF deposit is
a)
15 years
b)
6 years
c)
7 years
d)
3 years
20.
Relaxation from Documetation required for MICRO SIP is available for
a)
Only Individuals other than NRIs and PIOs
b)
Individual Including NRI and PIOs
c)
Individuals Including NRI but not PIOs
d)
Individuals including PIOs but not NRIs
21.
Intial Phase of Life Cycle is Accumulation?
a)
TRUE
b)
FALSE
22.
Life insurance is meant for
a)
Tax planing
b)
Risk protection
c)
Investment
d)
Savings
23.
Real Estate mutual fund is
a)
Beyond means of retail investor's
b)
Provided benefits of real estate & MF investing
c)
Are popular investment options
d)
Are not easy to liquidate
24.
Black swan refer to
a)
Probabilities of large losses
b)
MF ratings
c)
Kind of offer documents
d)
Incentive to distributer
25.
A five star rating in MF schemes indicates that
a)
Lowest expense ration
b)
Lowest load
c)
Demonstrate superior performance
d)
Best portfolio
26.
Which of the bond fund carries least amount of interest risk
a)
Dynamic bond
b)
G-sec fund
c)
Income fund
d)
Money market fund
27.
Asset allocation must primarily based on
a)
Investment needs
b)
Insurance needs
c)
Taxation needs
d)
Financial goals
28.
Faced with the financial difficulties a family is likely to do all this except following
a)
Move to a larger house in a better locality
b)
Economise Expenses
c)
Wifes starts working
d)
Husband takes additional part time job
29.
Pre-retirement stage
a)
Annual investment amount gets reduced
b)
Parents reach towards peak of their earning capacity
c)
Saving for retirement gets minimized
d)
Saving for investment is not required
30.
Teir I account of new pension scheme is called pension account ?
a)
TRUE
b)
FALSE
31.
Which is false ?
a)
Government is trying to convert financial Asset to physical asset
b)
Investment in bank FD can be transfered to loan
c)
Investment share can be translated into projects
d)
Investment in MF helps the real economic
32.
Minimum Networth requirement of the AMC is
a)
Rs 10 crore
b)
Rs 5 crore
c)
Rs 4 core
d)
Rs 2 crore
33.
If a scheme is launched in the second six months of financial year the the 1st update of the SID is due within
a)
Within 3 months of the end of the financial Year
b)
With 3 months from the begining of Next financial year
c)
Within 3 months from the end of the next financial year
d)
Within 6 months of the end of the financial Year
34.
Legally SAI is the part of SID
a)
TRUE
b)
FALSE
35.
Income tax allows setting of certain types of capital gain losses against certain type of Income which of the following is true in case of such provision.
a)
Capital losses can be offset again salary
b)
Long term capital losses from equity MF can Be offset against long term gain from property
c)
Short term capital losses can be offset against dividend income for the year In which the loss has occurred
d)
Long term capital losses in equity MF is not available for setting of against business or Salary income
36.
The is the main driver of returns in a mutual fund scheme .
a)
Return
b)
Profit of invested company
c)
Portfolio
d)
None of the above
37.
Fundamental Analysis entails review of the company's
a)
Financial Statements
b)
Quality of Management
c)
Competitive Position
d)
All of the above
38.
ratio indicates how much investors in the share market are prepared to pay (to become owners of the company ) , in relation to the company's earnings<br />.
a)
Earnings per Share
b)
Price to Earnings ratio
c)
Book Value Per Share
d)
Price to Book Value
39.
A fund maintains a portfolio that is in line with the passive fund .
a)
Active fund
b)
Index Fund
c)
Equity fund
d)
Debt fund
40.
Value investment style is an approach of picking up stocks which are valued , based on fundamental analysis .
a)
Lower
b)
High
c)
Medium
d)
A & B
41.
Which is approcach is also called stock picking .
a)
Top – down Approach
b)
Bottom – up Approach
c)
Either A & B
d)
None Of the above
42.
If the proceeds on redemption are higher than the amount invested then it is called<br /> .
a)
Capital Gain
b)
Capital Loss
c)
No Profit No Loss
d)
None Of the above
43.
Treasury Bills are short term debt instruments issued by the on behalf of the Goverment of India .
a)
SEBI
b)
Reserve Bank of India
c)
Central Government
d)
State Government
44.
Commercial papers are short term Debt Securities issued by corporates.
a)
TRUE
b)
FALSE
45.
Credit rating companies are like .
a)
CRISIL
b)
ICRA
c)
CARE & FITCH
d)
All of the Above
46.
Higher the credit risk , lower is likely to be the yield on the debt security .
a)
TRUE
b)
FALSE
47.
Which of the following are derivative .
a)
Forwards
b)
Futures
c)
Options and swaps
d)
All of The above
48.
Every scheme should have at least investors .
a)
15
b)
20
c)
25
d)
30
49.
funds take Positions that are countrary to the market .
a)
Thematic Funds
b)
Mid cap funds
c)
Contra funds
d)
Dividend yield funds
50.
Liquid schemes, which invest in securities of up 91 days maturity , have the risk amongest all kinds of schemes .
a)
Higher
b)
Lowest
c)
Zero
d)
None of the above
51.
What is MIBOR ?
a)
Mumbai Inter – Bank Offered Rate
b)
Money Inter – Bank offered Offered Rate
c)
Mutual Inter – Bank offered rate
d)
Multiple Inter – bank Offred rate
52.
To convert the demat units into physical from . This process is called re-materialisation .
a)
TRUE
b)
FALSE
53.
RTGS refers to .
a)
Real time Growth Settlement
b)
Real Time Gross Settlement
c)
Real Technique Gross Settlement
d)
Real Technique Growth Settlement
54.
What is ASBA .
a)
Application Supported by Blocked Account
b)
Application Supported by Blocked Acknowledgement
c)
Application Supported by Blocked Amount
d)
None of the Above
55.
NSE's Mutua; Fund platform is called NEAT MFSS .
a)
TRUE
b)
FALSE
56.
When a dividend is paid , the NAV of the units falls to that extent .
a)
TRUE
b)
FALSE
57.
Risk can be measured by
a)
variance
b)
Standard Deviation
c)
Beta
d)
Any of the above
58.
SEBI has Facilitated buying and selling of mutual fund units through the stock exchanges.
a)
TRUE
b)
FALSE
59.
ARN REFERS TO .
a)
Agent registration Number
b)
AMFI Registration Number
c)
Application Registration Number
d)
Account Registration Number
60.
In hoardings / posters, the statement , “ Mutual fund investments are subject to market risks, read the offer document carefully before investing ” is to be displayed at least<br /> inches height .
a)
6
b)
9
c)
5
d)
8
61.
If a scheme is launched in the first 6 months of the financial year then the first update of the SID is due with in months of the end of the financial year .
a)
2
b)
6
c)
5
d)
3
62.
No single investor shall account for more than 20% of the corpus of the scheme/plans.
a)
TRUE
b)
FALSE
63.
The asset management company shall confirm that a due diligence certificate is signed by the .
a)
Compliance officer
b)
Chif executive officer
c)
Managing Director
d)
Any of the above
64.
In case of specifice request recived from investors, mutual funds shall provide the account statement (SIP/STP) to the investor's within working days from the receipt of such request without any charges .
a)
5
b)
10
c)
7
d)
15
65.
The mutual fund would update the current expense ratios on the website within <br />working days mentioning the effective date of the change .
a)
5
b)
7
c)
2
d)
10
66.
Offer documents of mutual fund schemes are approved by SEBI .
a)
TRUE
b)
FALSE
67.
regulates mutual funds, depositories, custodians and registrars & transfer agents in the country .
a)
RBI
b)
SEBI
c)
AMFI
d)
All of the above
68.
The objectives of AMFI is/are .
a)
To recommend and Promote best business practices
b)
To interact with the securities and Exchange Board of India (SEBI)
c)
To represent to the Government, Reserve bank of india
d)
All of the above
69.
“ To generate income by investing predominantly in wide range of debt and money market securities “ is an objective of .
a)
Diversify equity Scheme
b)
Diversify Debt Scheme
c)
balanced scheme
d)
None
70.
Institutional Distributors Build Reach through
a)
Employees
b)
Agents
c)
Sub Brokers
d)
Any of the Above
71.
The distributor can charge fees from the Investor
a)
TRUE
b)
FALSE
72.
The difference between NAV and repurchase price is
a)
Entry Load
b)
Exit Load
c)
Expense
d)
Dividend Stripping
73.
NAV of Income Funds is to be calculated upto decimals
a)
4
b)
3
c)
2
d)
1
74.
Investments in Mutual Fund can be made using
a)
Cheque/DD
b)
Remittance
c)
ASBA
d)
Any of the Above
75.
STP is the combination of SIP and SWP
a)
TRUE
b)
FALSE
76.
In a Top Down approach, sector allocation precedes stock selection
a)
TRUE
b)
FALSE
77.
Loads and taxes may account for the difference between scheme return and investor return
a)
TRUE
b)
FALSE
78.
Mutual Fund Ranking and rating amount to same
a)
TRUE
b)
FALSE
79.
Which of the following aspects of portfolio would an investor in a debt scheme give more importance
a)
Sector Selection
b)
Stock Selection
c)
Weighted Average Maturity
d)
No of Securities in portfolio
80.
The comparable for a Liquid Scheme is
a)
Equity Scheme
b)
Balanced Scheme
c)
Gilt Fund
d)
Savings Bank Account
81.
Providing Funds for daughter's Marraige is an example of
a)
Goal Oriented Financial Plan
b)
Comprehensive Financial Plan
c)
Financial Goal
d)
None of the above
82.
Distribution phase of Wealth Cycle is a parallel of retirement phase of life cycle
a)
TRUE
b)
FALSE
83.
Incase of NPS investor can choose which of the asset class of the following
a)
Equity
b)
Corporate Debt
c)
government Securities
d)
All of the above
84.
New Pension Scheme is regulated by
a)
PFRDA
b)
IRDA
c)
PFRDA+IRDA
d)
None of this
85.
What % of the total wealth of Indian People is in physical asset
a)
More than 10%
b)
More than 25%
c)
More than 50%
d)
All of the above
86.
PFRDA refers to
a)
Private Fund Regulatory and Development Authority
b)
Provident Fund Regulatory and Development Authority
c)
Pension Fund Regulatory and Development Authority
d)
All of the above
87.
Investment in a Financial Assets can be productive for the economy
a)
TRUE
b)
FALSE
88.
NCDEX refers to
a)
National Contract Exchange
b)
National Currency Exchange
c)
National Commodity Exchange
d)
National Conversion Exchange
89.
In case of the buying of the Gold Future Contract, entire value of the Gold has to be paid
a)
TRUE
b)
FALSE
90.
------exempted from the Wealth Tax
a)
Gold Deposit Scheme
b)
MF
c)
Both A and B
d)
None of this
91.
Many investors invest money in Bank FD and not in Debt market because
a)
Lack of Interest
b)
Lack of awareness
c)
Lack of Money
d)
Lack of confidence
92.
Interest earned in Bank FD is Taxable each year
a)
TRUE
b)
FALSE
93.
The primary objective of the Financial Planner is to make available the right amount of money at the right time.
a)
TRUE
b)
FALSE
94.
The third stage of the wealth cycle is
a)
Accumulation
b)
Transition
c)
Reaping
d)
Intergenerational Transfer
95.
In many health insurance policies, the customer has to bear the expenses and that can get reimbursed from the Insurance company
a)
TRUE
b)
FALSE
96.
Risk appetitte as no of dependant menber increases
a)
Decreases
b)
Increases
c)
No change
d)
Any of the above
97.
Many have made available the risk profiling tool on their web sites
a)
AMCs
b)
Research Houses
c)
Both
d)
None of this
98.
------is the decision outcome based on the market behaviour
a)
Tactical Asset Allocation
b)
Strategic Asset Allocation
c)
Flexible Asset Allocation
d)
Fixed Asset Allocation
99.
Many Financial advisor work on the Model Portfolio
a)
TRUE
b)
FALSE
100.
Which are the aspects that affect the Risk profiling of the investors?
a)
Family Information
b)
Financial Information
c)
Personal Information
d)
All of the above
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