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?
Q (2): According to guidelines given by SEBI, every mutual fund scheme should have a minimum of _ investors.
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?
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
Systematic Investment Plan
Q (7): The party in whose favour the Units are pledged is called a ____ .
Q (8): With respect to model portfolio for Senior Citizens, it will not have any exposure to equity - State True or 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
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