NISM INVESTMENT ADVISER LEVEL 2 - 9
NISM INVESTMENT ADVISER LEVEL 2
Mock Test with Answer key - Click Here >>
Q 1. Investors who undergo a change in status from resident to non-resident or vice versa have to ______________.
change their Status with the respective financial service providers
change the details of address
change the details in their bank accounts
all of the above
Q 2. EMI for a loan can be worked out using the _____ function in MS Excel
EMI
PV
PMT
NPV
Q 3. Which of the following factor is not considered as a description of risk ?
Current Yield
Volatility
Default
Mismatch between actual returns and estimated returns
Q 4. Theft / Burglary Insurance is an example of ________.
Income replacement need
Income protection need
Asset protection needs
All of the above
Q 5. If the nominal rate of interest is 9% and the rate of inflation is 3%, what is the real rate of interest?
6%
12%
6.27%
5.83%
Q 6. ________ is actually a consumption expenditure but can prove to be a smart investment.
Buying the latest model of a car
Going on a foreign vacation
Buying a hi end music system
Education
Q 7. In which analysis are the Economic, Industry and Company (EIC) factors considered ?
Bottom up approach of Technical Analysis
Candle Stick pattern of Technical Analysis
Top Down approach of Fundamental Analysis
Bollinger Band analysis
Q 8. If an investor invests in an IPO by leveraging, his profits will depend on ______.
The Interest he has paid and issue price
Shares allotted to him and the listing premium
Issue price & listing price
Cost of borrowing and period of borrowing
Q 9. For Long Term Debt instruments, the highest credit rating symbol assigned is ____ .
A+
AAA
A1
AX
Q 10. Which of the following process is most time consuming with respect to investments in equities ?
Non-discretionary Portfolio Management Services
Discretionary Portfolio Management Services
Mutual Funds
Direct Investing
Q 11. If a person wishes to take a loan against some portion of his Mutual Fund holdings, he will have to ____________.
Mark lien on the entire holdings, irrespective of the requirement
Transfer the required portion to a new folio and mark a lien on it
Transfer the required portion to a new folio and make the lender the joint holder
Mark lien only on the portion required in the existing folio
Q 12. ________ and ________ do NOT mean the same thing.
Coupon and Yield
Tenor and Tenure
Purchasing power risk and Inflation risk
Credit risk and Default risk
Q 13. The shares which are listed on a Stock Exchange after an IPO are listed at ________.
the issue price or at a premium or Discount to the issue price
the issue price only
a premium
a discount
Q 14. Mr. X has taken a short position in a 'PUT' option. He therefore believes that the price of the underlying will ______ .
not go below the strike price
not go above the strike price
go below the strike price
not go below the market price
Q 15. In non-discretionary Portfolio Management Services (PMS), ______ .
the portfolio manager takes the investment decisions
the broker takes the investment decisions
the portfolio manager advices but the investment decisions are taken by the client
the portfolio manager advices but the investment decisions are taken by the mutual fund adviser, in which funds to invest