NISM Mutual Fund Exam Paper 10

Q (1): 

NAV of income funds is to be calculated upto ___ decimals

  (A) 4

  (B) 3

  (C) 2

  (D) 1

Q (2): 

NFO Open Date and Scheme Re-open date are one and the same thing.

  Partially True

  Partially False

  Completely True

  Completely False

Q (3): 

Offer Documents need SEBI approval

  (A) True

  (B) False

Q (4): 

Portfolio rebalancing is ?

  A one time process

  Has to be done in once in fortnight

  An indefinite continous process

  Has to done once in a year

Q (5): 

Real estate is an illiquid market; Gold has the advantage of liquidity.

  Both statements are right

  Both statements are wrong

  Only the 2nd statement is right

  Only the 1st statement is right

Q (6): 

Risk arising from a scheme's investment objective/strategy and proposed asset allocation is

  not present

  common to all schemes

  specific to that scheme

  not applicable to debt funds

Q (7): 

SEBI has banned Entry load in Mutual Fund from 1st August, 2009

  (A) True

  (B) False

Q (8): 

Securities and exchange board of India (SEBI) has approved a proposal to introduce a framework for lsquo;Accredited Investorsrsquo; in the Indian securities market. Who can be 'Accredited investors'?

  Individuals

  Hindu Undivided Families

  Partnership Firms

  All of the above

Q (9): 

Sharpe ratio computes.

  Risk premium of a fund as difference between the funds average return an risk free return divided by beta of the fund.

  Risk premium of a fund as difference between the funds average return an risk free return divided by standard deviation of the fund.

  Risk premium of a fund as difference between the funds average return an risk free return divided by P/E ratio of fund.

  The fluctuations of funds return around a mean level.

Q (10): 

&p>Standard deviation measures ?&/p>

  <p&Fluctuations of a fund result around a mean level.<

  <p&Sensitivity of a funds returns to changes in market index.<

  <p&Weighted average P/E ratios of all stocks held in portfolio.<

  <p&Risk premium of the fund.<