NISM Series V A Mutual Fund Distributors Exam Series - 24

NISM Series VA Mutual Fund Distributors Exam Series - 24

 34

Access More Mock Tests Now


Q 1. When does Tax Deduction at Source (TDS) apply to dividends from mutual fund schemes for resident Indians?

a) TDS is not applicable for dividends from mutual fund schemes for resident Indians

b) TDS is applicable if the dividend amount exceeds Rs. 10,000

c) TDS is applicable if the dividend amount exceeds Rs. 5,000

d) TDS is applicable at a flat rate of 10%

e) TDS applies only to non-resident investors
 
Q 2. How does an STP operate?

a) It involves redeeming units from one scheme and reinvesting them in another scheme of a different mutual fund.

b) It involves redeeming units from one scheme and reinvesting them in another scheme of the same mutual fund.

c) It involves buying units in one scheme and selling them in another scheme.

d) It involves converting units from one scheme to another scheme.

e) It involves transferring units between different investors.
 
Q 3. What documents are required before the transfer of units is affected?

a) Passport and utility bill

b) KYC documentation from the nominee, death certificate of the deceased unit-holder, and indemnity

c) Bank statement and PAN card

d) Nomination certificate and address proof

e) None of the above
 
Q 4. What is the NAV called after a dividend is announced but before it is paid out?

a) Pre-Dividend NAV

b) Ex-Dividend NAV

c) Cum-Dividend NAV

d) Dividend NAV

e) None of the above
 
Q 5. What must an investor hold to sign up for a Transfer of Income Distribution cum capital withdrawal plan (DTP)?

a) Units in the Growth option of a scheme

b) Units in the Dividend option of a scheme

c) Units in the Equity option of a scheme

d) Units in the Debt option of a scheme

e) Units in multiple schemes simultaneously
 
Q 6. Which platform is primarily used for stock trading transactions?

a) Unified Payment Interface (UPI)

b) Application Supported by Blocked Amount (ASBA)

c) Stock exchange platform

d) Mutual Fund Utility (MFU) platform

e) Aadhaar Enabled Payment Services (AEPS)
 
Q 7. How does the strength of the rupee affect returns in gold funds?

a) A stronger rupee increases returns

b) A stronger rupee decreases returns

c) A weaker rupee increases returns

d) A weaker rupee decreases returns

e) No impact on returns
 
Q 8. What is the primary determinant of the value of gold in India?

a) Domestic demand for gold

b) International price of gold

c) Government regulations on gold imports

d) Currency exchange rates

e) None of the above
 
Q 9. How has the use of tracking errors evolved?

a) It was initially used to measure how closely an index fund tracked market returns

b) It was initially used to measure the volatility of the market

c) It was initially used to measure the risk associated with the fund

d) It was initially used to measure the difference between the market return and the index fund return

e) It was initially used to measure the difference between the fund's actual return and its optimal return
 
Q 10. How are thematic funds different from diversified and sector funds?

a) They invest only in one sector

b) They invest across various sectors

c) They focus on specific investment themes

d) They have lower risk levels

e) They offer higher liquidity
 
Q 11. Which investment vehicle is ideal for investors looking for a more predictable return than conventional debt schemes?

a) International equity funds

b) Fixed Maturity Plans (FMPs)

c) Target Maturity Funds (TMFs)

d) Equity mutual funds

e) Cryptocurrency investments
 
Q 12. What happens to bond prices when interest rates in the economy decrease?

a) Bond prices remain the same

b) Bond price increase

c) Bond prices decrease

d) Bond prices become more volatile

e) Bond prices become less attractive
 
Q 13. Which scenario suggests the need for outsourcing investment management?

a) Having adequate skills but limited time

b) Enjoying the process of investment management

c) Not having the necessary skills or knowledge

d) Having ample time but no interest in managing investments

e) None of the above
 
Q 14. What do entities involved in mutual funds receive for their contributions?

a) They receive profits directly

b) They receive a portion of the scheme's profits or losses

c) They receive a fee or commission for their contributions to launching and operating the schemes

d) They receive government subsidies

e) None of the above
 
Q 15. Who benefits from the profits or losses of a mutual fund scheme?

a) Mutual fund managers only

b) Unitholders only

c) Both mutual fund managers and unitholders

d) Government entities

e) None of the above

Access More Mock Tests Now