NISM Mutual Fund Exam Paper 1
Q (1): Suresh see's that his friends are investing in a finance scheme which is promising very high returns (a ponzi scheme). He also blindly invests in the same scheme. Which bias is Suresh exhibiting?
Herd mentality
Loss Aversion
Confidence bias
Anchoring
Q (2): According to guidelines given by SEBI, every mutual fund scheme should have a minimum of _ investors.
10
20
25
50
Q (3): Identify the FALSE statement(s) - A - Authorised signatories have to sign the request for transactions of institutional investors in mutual funds B - Even if the Memorandum of Association and Articles of Association does not permit invest in mutual funds, the company can invest in mutual fund on the basis of a Board Resolution
Statement A is False
Statement B is False
Both statements A and b are false
Q (4): How often does a mutual fund disclose the information on Total Expense Ratio charged to a mutual fund scheme and where is this published?
Daily - on the mutual fund website
Weekly - on the mutual fund website
Once a month in the fund Factsheet
Once a year when it makes the mandatory disclosures to SEBI and AMFI
Q (5): In whose beneficial interest is a mutual fund managed?
Trustees
Unit holders
Sponsors
AMC
Q (6): What is the investment of a constant amount at regular intervals in a mutual fund scheme called ?
Systematic Withdrawal Plan
Systematic Transfer Plan
Value Investing
Systematic Investment Plan
Q (7): The party in whose favour the Units are pledged is called a ____ .
Pledger
Pledgee
Pledge
Pledion
Q (8): With respect to model portfolio for Senior Citizens, it will not have any exposure to equity - State True or false ?
True
False
Q (9): If a Segregated portfolio is created, it shall be effective from ___ .
the day of credit event
seven days prior to the credit event
one year from the date of the credit event
the day that security was bought in the portfolio
Q (10): The loss booked from a debt investment of 15 months can be set off against __ .
Long term capital loss
Short term capital loss
Short term capital gain or long term capital gain
It cannot be set-off
Click Here for NISM VA Exam With Answer Ressult