NISM INVESTMENT ADVISER LEVEL 2 - 7
NISM INVESTMENT ADVISER LEVEL 2
Mock Test with Answer key - Click Here >>
Q 1. ________is an Individual Investor.
Hindu Undivided Family
Non Resident Indians
Qualified Foreign Investors
All of these
Q 2. A ________order is an instruction to buy or sell at the best price currently available in the market.
market
limit
stop loss
Immediate or cancel (IOC)
Q 3. A nomination made in a mutual fund folio
Can be changed by the PoA
Cannot be cancelled
Can be cancelled by the first holder in a jointly held account
Can be changed by all the holders signing for the change
Q 4. As per IRDA regulations IGMS (Integrated Grievance Management System) should be mandatory set up by
By All Insurers
Only by few selected insurers
Only by non life Insurers
Only by Life Insurers
Q 5. Case Study - Mahesh is a safe investor and invests regularly in Fixed Deposits and Bonds. He is planning to invest in a8% bonds of ABC Ltd. The bonds are being issued at face value but will be redeemable at a premiumof 6%. Such that the interest is p
0.0835
9%
0.092
0.098
Q 6. FMPs achieve lower mark-to-market risk by investing in
Long term securities whose maturity is 10 years in line with 10 year G-Sec
securities whose maturity matches that of the fund
floating rate securities with reset tenor less than six months
shorter term securities that mature before the tenor of the fund
Q 7. If an investor has registered with the Centralised KYC Registration Agency (KRA), this will be applicable with all _______.
Mutual Funds
Registered Stock Brokers
Depositories
All of these
Q 8. In case of a 'Satellite Portfolio', which of the following is NOT TRUE ?
Low Expected Returns
High Expected Returns
Tactical Managed
Managed in order to benefit from economic and market conditions
Q 9. Investment with ____ is seen as riskiest.
Low beta
High beta?
High credit rating
Low market volatility
Q 10. M/s. Fairdeal Money Managers are popular investment advisors. One of their client - Mrs. Seema has a registered Power Of Attorney (POA) of her son who is a NRI and living abroad for last many years. The POA is notarized abroad but not in India. She h
Notarisation / Registration is optional at the grantor’s end but compulsory at the attroney’s end
The POA has to be notarized/registered at both the grantor’s and attorney’s end and so it should be notarized in India also
There is no need to notarize a POA as its a private document between the mother and the son
The advice given to Mrs. Seema is correct
Q 11. Mr Gaurav, a client of M/s. Plansafe Investment Advisors was interested in investing in Mutual Funds in the name of his minor daughter. He was advised by Plansafe to invest in his own name and make his minor daughter a nominee as this would be easier
Mr. Gaurav can invest in his daughters name and he will be the guardian. His KYC would be required
Mr. Gaurav can invest in his daughters name and he will be the guardian. His KYC would not be required
Mr. Gaurav can invest in his daughters name and he will be the guardian. His KYC would be required only if the investment is above Rs 2 lakhs
The advice given to Mr. Gaurav was correct
Q 12. Mr. P earns a gross salary of Rs 50,000, including company's contribution to PF of Rs 5,000; an equal contribution is made by Mr. P. Deductions are made towards loan repayments of Rs 4,000 and investments of Rs 1,000. Mr. P receives Rs 3,000 towards
0.421
0.113
30.20%
0.208
Q 13. Ms. T invests Rs 60,000 in a 10% yielding asset, using leverage of 1.4 times. Borrowing was at 9% p.a. How much interest did Ms. T need to pay?
Rs 2,250
Rs 5,400
Rs 3,150
Rs 3,500
Q 14. Risks arising out of inflation, interest rates, political risk are
Stock Specific risk
Company Specific risk
non-systematic risk
Systematic risk
Q 15. The contract size for JPYINR in the Indian currency futures market is _______.
1000
10000
100000
1000000