NISM SERIES V A
MUTUAL FUND DISTRIBUTOR
DEMO
MUTUAL FUND DISTRIBUTORS (AMFI) EXAM
DEMO
Question 1 The basis of Fundamental Analysis is studying the companies
‘Price Volume chart’ and then taking a decision on buying/selling
- True or False ?
(i) TRUE
(ii) FALSE
Question 2 The average net asset of a Mutual Fund scheme is Rs 500 crores
and the investment transactions amounted to Rs 2000 crores in a
year. What is the average holding period of the investments ?
(i) 2 months
(ii) 3 months
(iii) 4 months
(iv) 6 months
Correct Answer 1 FALSE
Answer Fundamental Analysis entails review of the company’s fundamentals
Explanation viz. financial statements, quality of management, competitive position
in its product / service market etc.
Technical analysts study price-volume charts of the company’s share
prices.
Correct Answer 2 3 months
Answer Total Transactions = Rs 2000 cr
Explanation Avg Asset = Rs 500 cr
So 2000 / 500 = 4 times in a year the investments were churned
4 times a year = every 3 months.
NISM SERIES V A
MUTUAL FUND DISTRIBUTOR
DEMO
Question 3 Which of the below is not a high risk fund ?
(i) Banking Sector Fund
(ii) Diversified Equity Fund
(iii) Income Fund
(iv) Pharma Sector Fund
Question 4 Every investor should invest in ____________ as a part of his core
portfolio.
(i) Arbitrage Funds
(ii) Diversified Equity Funds
(iii) Sector Funds
(iv) Thematic Funds
Correct Answer 3 Income Fund
Correct Answer 4 Diversified Equity Funds
NISM SERIES V A
MUTUAL FUND DISTRIBUTOR
DEMO
Question 5 The NAV of a Mutual Fund scheme is Rs 180. If the exit load is 2%,
what will be the effective re-purchase price ?
(i) 176
(ii) 176.4
(iii) 177.5
(iv) 177.8
Question 6 AMFI is the sole regulator of Mutual Funds in India- True or False ?
(i) TRUE
(ii) FALSE
Correct Answer 5 176.4
Answer Rs 180 less 2%
Explanation 180 X 2 / 100 = 3.6
180-3.6 = 176.40
Correct Answer 6 FALSE
Answer SEBI is the regulator of MF's in India.
Explanation
NISM SERIES V A
MUTUAL FUND DISTRIBUTOR
DEMO
Question 7 Long Term Capital Gain Tax is Debt Schemes is charged at
_________.
(i) 20% with indexation
(ii) 10% without indexation
(iii) Lower of 1 and 2
(iv) There is no tax on Debt Schemes
Question 8 The scheme in which physical gold is deposited in a bank and
interest is received on such deposit is known as ___________.
(i) Loan against Gold scheme
(ii) Gold Deposit Scheme
(iii) Gold Transfer Scheme
(iv) There is no such scheme
Correct Answer 7 Lower of 1 and 2
Answer In the case of Long Term Capital Gain, investor pays tax at the lower of
Explanation the following:
- 10% plus surcharge plus education cess, without indexation
- 20% plus surcharge plus education cess, with indexation
Correct Answer 8 Gold Deposit Scheme
Answer Gold deposit schemes are offered by some banks in India and are like a
Explanation fixed deposit in gold.
An investor depositing gold receives interest at regular intervals and on
maturity the gold of equivalent weight is returned.
NISM SERIES V A
MUTUAL FUND DISTRIBUTOR
DEMO
Question 9 The Trustees have to take the consent of Unit Holders
_______________.
(i) when the trustee’s decide to wind up the scheme
(ii) whenever required by 75% of the unit holders
(iii) whenever required by SEBI in the interest of unit holders
(iv) All of the above
Question 10 The date of applicability of the NAV is not dependent on
___________.
(i) scheme in which the money is invested
(ii) time at which the application is submitted
(iii) place at which the application is submitted
(iv) All of the above
Correct Answer 9 All of the above
Correct Answer place at which the application is submitted
10
NISM SERIES V A
MUTUAL FUND DISTRIBUTOR
DEMO
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