NISM INVESTMENT ADVISER LEVEL 2 - 2
nism-investment-adviser-level-2
Mock Test with Answer key - Click Here >>
Q 1. Who is / are authorized to attest copy of PAN card after verifying with original for mutual fund transactions?
Gazetted official
Broker
KYD complaint mutual fund distributor registered with AMFI
All of the above
Q 2. The valuation of a bond for its residual tenor, using a market rate or yield to discount the cash flows, is also called as ?Marking-to-market? - State True or False?
True
False
Q 3. Investments in ______ offers scope for good capital appreciation as well as benefits under Section 80 of Income Tax.
Public Provident Fund
Bank Fixed Deposits
National Saving certificate
Equity Linked Saving Scheme (ELSS)
Q 4. A company declares 50% dividend. On which value is this payable ?
Market Price of the company's share
Face Value of the company's share
Either Face or Market value, which ever is lower
Either Face or Market value, which ever is higher
Q 5. The risk and return features of a mutual fund scheme will be defined by ______.
Investment objective and asset class chosen
Asset class performance and investment style adopted
Market cycles and portfolio selection
Economic cycle and fund manager expertise
Q 6. Generally more number of Initial Public Offers (IPO's) are made during ______.
phases of low economic growth
bullish market conditions
bearish market conditions
range bound market conditions
Q 7. In _____________ , the investor takes the investment decisions.
direct investment approach
discretionary portfolio management approach
non-discretionary portfolio management approach
direct investment and non-discretionary portfolio management approach
Q 8. Which of these is a fair observation on debt?
Debt is good in some cases like taking an educational loan for further studies
One should borrow only for consumption expenses
One should borrow whenever possible
Debt has to be avoided at all costs
Q 9. The Gross Domestic Product - GDP calculations are done on the value of goods and services at their _________ prices.
Cost
Market
Notional
Cost or Market -which ever is higher
Q 10. Mr. Swami has invested in an ELSS scheme of a mutual fund a year back. Now he wishes to invest in an MIP of the same mutual fund. Can it be held under the same folio?
Will depend upon the particular mutual fund policy
Can be held in either the same folio or different folio
Can be held only under the same folio
No, since the scheme is different
Q 11. For dealing in foreign exchange market, the intermediaries need to be registered with ________ .
SEBI
RBI
FEDAI - Foreign Exchange Dealers Association of India
Finance Ministry
Q 12. When a NRI becomes a Resident Indian, which of the following needs to be changed in the KYC wrt. Mutual Fund investments ?
Only Status
Only Bank Details
Only address
Status, Bank Details and Address
Q 13. Mr. P is a very conservative investor and is interested in protecting his capital. Which amongst the following would you suggest to him?
Equity Shares
Land in an upcoming city
Real Estate
Public Provident Fund - PPF
Q 14. Before making an investment in a mutual fund, Trusts should check which of the following document(s)?
Companies Act
The trusts Investment Charter
The mutual funds offer document
Both the trusts Investment Charter and the mutual funds offer document
Q 15. The seller of the option is also called the ______ of the option.
investor
writer
arbitrageur
exerciser