NISM INVESTMENT ADVISER LEVEL 2 - 4
NISM INVESTMENT ADVISER LEVEL 2
Mock Test with Answer key - Click Here >>
Q 1. Which of these tools of investments generally requires the maximum demand on the time of an investor?
SIP in Mutual Funds
Discretionary Portfolio Management services
Non- Discretionary Portfolio Management services
Direct Investing
Q 2. There is no fixed maturity for _____ .
Fixed Deposits
Debentures
Close Ended Mutual Funds
Open Ended Mutual Funds
Q 3. Life insurance is a good example of _______ .
Asset protection needs
Income protection need
Income replacement need
All of the above
Q 4. Who has to complete the Know Your Customer (KYC) process when an investment is done by a minor?
The Parent or the Guardian
The minor himself / herself
Both Minor and Guardian
KYC is not required when an investment is done by minor
Q 5. The extent of reduction in portfolio risk from an asset depends strongly on its ______ .
Higher returns from the asset
Negative correlation with other assets in the portfolio
Higher variance
Higher standard deviation
Q 6. GDP computation values goods and services at their ________.
Cost Prices
Market Prices
Depreciated Prices
None of the above
Q 7. ______ is never disclosed in a FACTSHEET.
The composition of the portfolio
Sector wise allocation
Comparison with benchmark returns
The timing of investments
Q 8. The Core Portfolio is that portfolio of securities that have been bought keeping the short terms market trends in mind and to benefit from such short term movements - State True or False ?
True
False
Q 9. Model Portfolio' means ___________.
A single portfolio for all investors of an age group
A portfolio for each client profile, which is customised for each investor
A special portfolio suitable for all types of investors
A portfolio which gives the highest returns
Q 10. Longer time to expiry in a forex derivative __________.
increases the premium on Call Options but reduces the premium on Put Options
increases the premium on Put Options but reduces the premium on Call Options
increases the premium on both Call and Put Options
decreases the premium on both Call and Put Options
Q 11. _________ gives the buyer a right but not the obligation to SELL the underlying at a predetermined price during a predetermined period.
Put Option
Call Option
In the Money CALL Option
Futures
Q 12. Which of these asset classes may do well when there is low growth and low inflation in the economy and interest rates are being cut?
Equities
Bonds
Gold
Art
Q 13. The main benefit of diversification in a portfolio is __________.
Maximising returns
Guaranteeing returns
Enhancing risk adjusted returns
Eliminating risk
Q 14. A person can have a maximum of ____ PPF Account(s) in his/her name in India.
5
3
2
1
Q 15. Which of these sector stocks is will be LESS popular for investment when the economy is in an UPTURN?
Commodities
Pharmaceuticals
Construction
Auto