NISM 5a mock test free 1

STP in Mutual Funds means

As per SEBI mandate,  Multi-asset allocation fund must invest atleast ______ % of its AUM in Gold, Equity and Debt

The Liquid Funds  are  for

For which of the following D-MAT AC is not required

1. Shares 2. ETF  3. Mutual Fund 4. Fixed Deposit

The major objective of financial markets is to

Corporate bonds are traded in the

The secondary market is also called

Which of these is a risk-free instrument

An investor seeking capital appreciation should invest in

Which of these is an example of a derivative

In an open-ended scheme, investors can buy/sell units

Which of the following mutual fund schemes has a fixed maturity date

A fund of funds (FoF) invests in

The role of a custodian in a mutual fund is to

Which of these is NOT a mutual fund category

The maximum number of schemes an AMC can manage is

The trustees must ensure

A mutual fund in India must be registered with

The role of the sponsor in a mutual fund is to

SEBI’s minimum net worth requirement for an AMC is

The mutual fund advertisement code is prescribed by

SEBI requires AMCs to provide a statement of accounts to investors in case of SIP at least:

The cut-off timing for purchase of liquid fund units for same-day NAV is

The maximum expense ratio for an equity mutual fund is

The cut-off time for redemption of liquid fund units for same-day NAV is

The cut-off time for purchase of equity mutual funds for same-day NAV is

In-person verification (IPV) for KYC can be done by

PAN is mandatory for mutual fund investment except for

The entity that maintains KYC records is called

Alpha measures

A higher Sharpe ratio indicates

Sharpe ratio measures

Standard deviation measures

A beta greater than 1 indicates

The measure of volatility of a security compared to the market is called

Point-to-point returns may be misleading because

Rolling returns are used to

Performance of a debt fund is often compared to

A negative alpha indicates

Tracking error measures

Index funds aim to

The performance of an equity large-cap fund is generally benchmarked against

Goal-based investing focuses on

Systematic Transfer Plan (STP) is used to

For children’s higher education in 10+ years, the ideal approach is

A risk-averse investor should prefer

ELSS funds are primarily used for

For a short-term goal (less than 1 year), the suitable mutual fund category is

Which type of mutual fund is suitable for long-term wealth creation

Risk profiling helps in

Asset allocation refers to

An emergency fund should ideally cover expenses for

The first step in financial planning is

SEBI mandates that each mutual fund scheme must have

Benchmarking in mutual funds means

Unsystematic risk can be reduced through

Systematic risk is also known as

The variability of returns from an investment is called

The process of verifying the identity of an investor is called

KYC for mutual fund investors in India is regulated by

Debt securities with maturity over 30 days are valued at

The valuation of listed equity shares in a mutual fund portfolio is done at

Mark-to-market valuation means

Mutual funds are required to prepare accounts

The financial statements of a mutual fund must be audited by

In an open-ended fund, the purchase price is generally

For equity and debt funds, NAV must be disclosed

Which entity is responsible for computing NAV?

The formula for calculating NAV is _______________.

The Full form of NAV is

Renewal of ARN requires

The validity of NISM Mutual Fund Distributor certification is

The full form of ARN is

Mutual fund distributors must have _________________.

The role of a mutual fund distributor is to

Which document contains statutory information about the mutual fund

SAI stands for

The Key Information Memorandum (KIM) is

The SID must contain

The full form of SID in mutual funds is

The mutual fund industry in India is regulated by

SEBI Mutual Fund Regulations were introduced in ____________.

As per SEBI, all mutual fund schemes must be classified under

The document that contains the rules for mutual fund operations is

called ____________________

As per the SEBI mandates, Mutual Funds must disclose their portfolio holdings

The trustees of a mutual fund act as

The custodian of a mutual fund is responsible for

Mutual fund is constituted as a __________ in India.

The AMC is appointed by________________

The sponsor of a mutual fund is

You can describe the mutual fund as ___________________

Which of the following entity is responsible for the day-to-day operations of a mutual fund?

Mutual fund units represent?

Which of the following is a key benefit of investing in mutual funds?

The pool of money in a mutual fund is invested in

What is ticket size in investing?

The minimum maturity period of Commercial Paper in India is:

The primary function of the capital market is

Which of the following is a money market instrument?

Which of the following is a real asset?