NISM VA MONK TEST- CHAPTER 2 "CONCEPT AND ROLE OF A MUTUAL FUND" .

The below NISM VA Mock Test is based on Chapter 2 – CONCEPT AND ROLE OF A MUTUAL FUND. 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 “CONCEPT AND ROLE OF A MUTUAL FUND,“. and then try out the monk test series to check and sharpen their knowledge.

NISM VA Exam questions are mainly framed to check the student’s understanding of the concept 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-V-A. Mutual Fund Distributors Certification Examination.

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

Exam Duration	Total Questions	Marks are	Validity of Certificate
2 Hrs. (120 Minutes)	100	Out of 100 Passing Marks – 50	3 Years

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 MUTUAL FUND DISTRIBUTOR EXAM

MOCK TEST on CONCEPT AND ROLE OF A MUTUAL FUND- CHAPTER 2 –

NISM - CONCEPT AND ROLE OF MUTUAL FUND - CHAPTER 2 - MONK TEST

1 / 15

Which types of Mutual funds are more expensive, Active Mutual Funds or Passive Mutual Funds?

Passive Mutual Funds

Active Mutual Funds

Both Passive and Active type mutual funds are expensive

Can't say

2 / 15

What are the advantages of investing in Mutual Funds

Professional Managers are handling your money

Easy way to invest in diversified Stocks

Mitigation of Risk

All the above

3 / 15

Quant Funds choose the Stocks in their portfolio by

At random depending upon the wish of Mutual Fund Manager

Fund Manager studies the different charts and patter of share market then decides on stocks

They rely on data analysis and numbers undertaken by the machines to arrive at stock selection

Non of these

4 / 15

Smart Beta Funds are different from Traditional Index Funds and ETFs because

They change their exposure to portfolio index depending upon market conditions and requirement

They are extention to traditional Index Funds and ETF

They try to extract more returns from market as compared to traditional Index Funds and ETF

All of the above

5 / 15

Which of the below is true about Gilt Mutual Funds

It is close ended scheme

It has to invest 65% AUM amount in Govt securites

It has to invest all AUM amount in Govt. Securities

It has to invest 80% AUM amount in Govt. Securites

6 / 15

Which of the following in not true about Focused Fund ?

Focus fund can invest only in top 30 companies

Focus fund can invest in Large Cap, Mid Cap and Small cap companies

Minimum 75 % of AUM should be invested in Equity Schemes

It is open ended schemes

7 / 15

Equity Linked Savings Scheme has a locking period of

1 Year

2 Years

3 Years

4 Years

8 / 15

Value Fund or Contra Fund

are not same

They are different

Both are same

Both invests in growth type of stocks

9 / 15

Multi-Cap Mutual Fund invests

Minimum 30 % each in Large, Mid and Small Cap stocks

Minimum 35 % each in Large, Mid and Small Cap

Minimum 25 % each in Large, Mid and Small Cap

Non of these

10 / 15

The (SID) scheme information document is issued by:

AMFI

SEBI

AMC

Sponsor

11 / 15

In India, which body regulates mutual funds

SEBI

IRDA

AMFI

RBI

12 / 15

The day-to-day management of a mutual fund’s portfolio is done by

Sponsor

Asset Management Company (AMC)

Trustee

Custodian

13 / 15

Which of the following is not true about Exchange Traded Funds (ETFs)

They treaded on stock exchange

DMAT AC is required to purchase ETF

Their price fluctuates on stock exchange like shares

Expense Ratios of ETFs is generally costly than Mutual Funds

14 / 15

Which one of the following statements is not true about Close-ended funds ?

They have fix maturity period

Investor can puchase them only in NFO from fund house

They can transact the fund units after NFO only on exchange at specific time

Investor can continue to remain invested after maturity period on special request

15 / 15

Which of the following is not true about Open-ended funds

You can buy and sell open ended fund any time after NFO

They have no maturity date

Maxmimum AUM is fixed by AMFI

Investor can redeem units anytime and they will get money

Your score is

The average score is 68%

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

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NISM VA MONK TEST- CHAPTER 2 “CONCEPT AND ROLE OF A MUTUAL FUND” .