Practice Set - 1 | Practice Set | NISM Series V-A: Mutual Fund Distributors Certification Examination

Question 1

Which is the strongest purpose of fair valuation policy?

Question 2

Which decimal precision is generally used for liquid funds NAV?

Question 3

Can valuation policy be hidden from investors for confidentiality?

Question 4

Which is the correct base for TER calculation?

Question 5

Can dividend be declared from borrowed money?

Question 6

Can AMC charge advisory fee on segregated portfolio?

Question 7

Which is included in Total Expense Ratio?

Question 8

Can index funds use 4 decimal place NAV calculation?

Question 9

Which factor mainly affects NAV daily?

Question 10

Interest receivable but not yet received is treated as:

Question 11

Which is NOT part of fair valuation disclosure?

Question 12

Can TER directly reduce investor returns?

Question 13

Can a mutual fund hold fractional units for investors?

Question 14

Can outstanding units remain same while NAV changes?

Question 15

Can NAV increase even if no new units are issued?

Question 16

Which is deducted first while calculating NAV?

Question 17

Can daily declaration of segregated portfolio NAV improve transparency?

Question 18

Which of these increases mutual fund liabilities?

Question 19

If total assets of a mutual fund are Rs. 500 crore and liabilities are Rs. 50 crore, net assets will be:

Question 20

Can liabilities ever increase NAV?

Question 21

Can NAV be calculated without knowing outstanding units?

Question 22

Can a fund distribute dividend from capital of unit holders?

Question 23

Can segregated portfolio be created without a credit event?

Question 24

If net assets are Rs. 300 crore and outstanding units are 20 crore, NAV is:

Question 25

If total assets are Rs. 100 crore and liabilities are Rs. 20 crore with 10 crore units, NAV is:

Question 26

If liabilities rise but assets stay same, NAV will:

Question 27

Which of the following best describes fair valuation?

Question 28

Can TER be unlimited for any scheme?

Question 29

Which statement is most correct about NAV?

Question 30

Practice Set - 1