NISM- VA – NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS – CHAPTER 7 – MONK TEST

NISM- VA – NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS – CHAPTER 7 – MONK TEST

The below NISM VA Mock Test is based on Chapter 7, “NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS”.  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 “NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS“, 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 give the readers 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 - NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS - CHAPTER 7 - MONK TEST

NISM- VA - NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS - CHAPTER 7 - MONK TEST

1 / 11

A _____________ Portfolio is created by MF Scheme to ensure fair treatment to all investors in case of a credit event and to deal with liquidity
risk.

Dummy Portfolio

Additional portfolio

Extra portfolio

Segregated Portfolio

2 / 11

NAV for index funds, liquid funds and other debt funds. is to be calculated up to at least ______ decimal places.

Two Decimal Places

Three Decimal Places

Four Decimal Places

Non of these

3 / 11

NAV for equity and balanced funds is to be calculated up to at least ______ decimal places.

Three Decimal Points

Two Decimal Points

Four Decimal Points

Non of these

4 / 11

"Outstanding Fees payable by MF" will come under the category of

Expenses

Prepaid Expenses

Accured Expenses

Non of these

5 / 11

Which of the following comes under the category  "Income accrued"

Divident received by MF investments

Divident not declared on MF investments

Divident earned but not received on MF investments

Non of these

6 / 11

A higher NAV value of a Mutual Fund Scheme indicates?

 

Higher the interest, dividend and capital gains earned by the scheme hence higher would be the NAV.

Lower the expenses, higher would be the NAV.

Higher the appreciation in the investment portfolio, higher would be the NAV.

All of the above

7 / 11

The formula for calculating NAV  is

 

( Net Asset - Net Lability ) ÷ No. of outstanding Units

Net Assets ÷ No. of outstanding Units

Total Asset ÷ No. of outstanding Units

Non of these

8 / 11

"Entry load" is banned in India ?

False

Allowed in some cases

True

can't say

9 / 11

What is the exit Load in a Mutual Fund Scheme?

Fees charge by SEBI when investors sells his unit before maturity period

Fees charge by AMFI when investors sells his unit before maturity period

Fees charge by AMC when investors sells his unit before maturity period

Non of these

10 / 11

‘Mark to Market’ means

Calculation of value of MF investment as per investmented value

Calculation of value of MF investment as per current market value

Calculation of value of MF investment as per SEBI's guidelines

Non of the above

11 / 11

Calculate the NAV of MF.. Given the following information:

(1) Investment in Equity -- 200 Cr  ( 2. ) Investment in Debt -  50 Cr is (3) Dividend accrued but not received -- 5 Cr     

(4) Interest earned but not received  --  5 Cr. (5) Fees Payable -- 2 Cr.   (6) MF Expenses - 10 Cr......

(7)  Total No of outstanding units 5 Crs.  Caculate NAV of a Mutual Fund is 

 

NAV is 50.5

NAV is 48.5

NAV is 49.6

NAV is 52.5

Your score is

The average score is 77%

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

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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