NISM – Series V A MOCK TEST 1
NISM - Series V A - Model Question Bank with Answer Key
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Question 1 |
Units’ of_____________ must be listed on the stock exchange.
Sector funds | |
Arbitrage funds | |
Close ended funds | |
Liquid funds |
Question 2 |
Open-ended schemes generally offer exit option to investors through a stock exchange.
True | |
False |
Question 3 |
Sector funds invest in a diverse range of sectors.
True | |
False |
Question 4 |
High yield bond schemes invest in junk bonds.
True | |
False |
Question 5 |
Investment objective is closely linked to ________.
Scheme | |
Option | |
Plan | |
SIP |
Question 6 |
The assets of the mutual fund are held by ______.
AMC | |
Trustees | |
Custodian | |
Registrar |
Question 7 |
Minimum networth requirement for a new AMC is _______.
Rs 50 crore | |
Rs 5 crore | |
Rs 4 crore | |
Rs 4 crore |
Question 8 |
AMC directors are appointed with the permission of Trustees.
True | |
False |
Question 9 |
Most investor service centres are offices of _______.
Trustees | |
Registrar | |
Custodian | |
Fund Accountant |
Question 10 |
Fund accounting activity of a scheme is to be compulsorily outsourced.
True | |
False |
Question 11 |
SEBI regulates __________.
Mutual Funds | |
Depositories | |
Registrar & Transfer Agents | |
All of the above |
Question 12 |
Investment objective defines the broad investment charter.
True | |
False |
Question 13 |
Statement of Account is to be sent to investors within ___ days of NFO closure.
3 | |
5 | |
7 | |
13 |
Question 14 |
Within ___ days of dividend declaration, warrants will have to be sent to investors.
7 | |
10 | |
15 | |
30 |
Question 15 |
Unit holders can hold their units in demat form.
True | |
False |
Question 16 |
NFOs other than ELSS can be open for a maximum of _____.
7 days | |
10 days | |
15 days | |
30 days |
Question 17 |
Legally, SAI is part of the SID.
True | |
False |
Question 18 |
Offer documents of mutual fund schemes are approved by SEBI.
True | |
False |
Question 19 |
Application form is attached to ______.
SID | |
SAI | |
KIM | |
None of the above |
Question 20 |
KIM has to be updated every 6 months.
True | |
False |
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There are 20 questions to complete.
Are you preparing for the NISM Series V-A Mutual Fund Distributors exam? This blog provides a comprehensive mock test designed to help you gauge your readiness and improve your knowledge in key areas of mutual fund distribution. Whether you’re a beginner or an experienced professional, our mock test simulates the real exam experience to help you get familiar with the types of questions you’ll encounter.
In this blog, you’ll find:
- Practice Questions: A set of multiple-choice questions covering all the essential topics included in the NISM Series V-A syllabus.
- Exam Insights: Gain valuable insights into the exam format, difficulty level, and how to approach different types of questions.
- Mock Test Simulations: Simulate the real exam environment with our timed mock tests, designed to replicate the pressure of the actual exam.
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How to pass the NISM VA exam?
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Does NISM provide mock tests?
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Which is the toughest exam in NISM?
- How many questions are on the NISM VA exam?
This blog is a valuable resource for anyone looking to pass the NISM Series V-A Mutual Fund Distributors certification exam and advance in their career in mutual fund distribution.
Prepare with confidence and take your exam readiness to the next level with our NISM Series V-A Mock Test!
