NISM- VA LEGAL AND REGULATORY FRAMEWORK – CHAPTER 4 – MONK TEST

The below NISM VA Mock Test is based on Chapter 4, “LEGAL AND REGULATORY FRAMEWORK“.  The NISM VA (Mutual Fund Distributors Certification Examination) course has twelve chapters.

We plan to give our readers a chapter-wise mock test series for the NISM VA exam. The reader should first read the complete test material PDF provided by NISM for the chapter “LEGAL AND REGULATORY FRAMEWORK“. and then try out the mock test series to check and sharpen their knowledge.

NISM VA Exam questions are mainly framed to check the student’s understanding of the topics and a deep knowledge of the subject. There is no fixed pattern of MCQs. The student has to read the complete material provided by NISM and then try out the given mock test to check their knowledge. This mock test will provide readers with the required practice for their final exam.

NISM-Series-VA. Mutual Fund Distributors Certification Examination.

The exam is taken online at the centers allotted by NISM. There are a total of 100 MCQ Questions.

Readers can get complete information about the NISM VA Mutual Fund Distributor Exam on the official website of NISM. www.nism.ac.in

NISM- VA LEGAL AND REGULATORY FRAMEWORK - CHAPTER 4 - MONK TEST

NISM- VA LEGAL AND REGULATORY FRAMEWORK - CHAPTER 4 - MONK TEST

1 / 10

The Mutual Fund under all its schemes shall not own more than ____ percent of a company’s paid-up capital bearing voting rights.

5%

10%

15%

20%

2 / 10

After the completion of ____  years, the  MF scheme, the Performance advertisement of mutual fund schemes shall be provided in
terms of CAGR for the past 1 year, 3 years, 5 years, and since inception.

2 Years

3 Years

4 Years

5 Years

3 / 10

The right to terminate the appointment of an AMC is with the Unit Holder. How much percentage of Unit Holders can perform this action

50% Unit Holders

60% Unit Holders

75% Unit Holders

Non of these

4 / 10

The celebrity endorsements shall not promote a particular scheme
of a Mutual Fund house/AMC.

True

False

Can't Say

Non of these

5 / 10

Celebrity endorsements of Mutual Funds at the industry level are allowed.. True or False

True

False

Can't Say

Non of these

6 / 10

Which  body ensures that the Indian mutual fund industry remains one of the most regulated and transparent investment options for
investors.

AMFI

AMC

SEBI

Non of these

7 / 10

In India, the Insurance market is regulated by

IDRAI

IRDAI

IARDI

Non of these

8 / 10

Maximum Nomination, Investors can specify for their Mutual Fund Investment.

2 Nominies

3 Nominies

4 Nominies

5 Nominies

9 / 10

The Securities and Exchange Board of India (SEBI) regulates

Money Market

Stock Market

securities markets

Non of these

10 / 10

Reserve Bank of India regulates the

Banking System

Money Market

Both Banking System and Money Market

Non of these

Your score is

The average score is 82%

0%

Restart quiz

Readers would also like to try following the Monk Test

1. . NISM VA – MOCK TEST on Chapter 1

2.. NISM VA – MONK TEST on CHAPTER 2

3. NISM VA – MONK TEST on CHAPTER 3

4. NISM- VA – MONK TEST on CHAPTER 4

5. NISM- VA – CHAPTER 5 on MONK TEST

6. NISM- VA – CHAPTER 6 on MONK TEST

7. NISM- VA – CHAPTER 7 on MONK TEST

8. NISM- VA – CHAPTER 8 on MONK TEST

9. NISM- VA – CHAPTER 9 on MONK TEST

10. NISM- VA – CHAPTER 10 on MONK TEST

11. NISM- VA – CHAPTER 11 on MONK TEST

12. NISM- VA – CHAPTER 12 on MONK TEST

NISM VA Practice Test Series — 100 Questions each

NISM VA Practice Paper 1 — 100 Questions

NISM VA Practice Paper 2 — 100 Questions

NISM VA Practice Paper 3 — 100 Questions

NISM VA Practice Paper 4 — 100 Questions

NISM VA Practice Paper 5 — 100 Questions

NISM VA Final Preparation Test – 150 Questions