Practice Set - 2 | Practice Set | NISM Series V-A: Mutual Fund Distributors Certification Examination

Question 1

Which is most important for fair valuation?

Question 2

Segregated portfolio is mainly created to protect investors during:

Question 3

Can dividend be declared if distributable surplus exists but scheme faces temporary market fall?

Question 4

Can stock exchange restrictions on whole units mean investors cannot hold fractional units in mutual fund records?

Question 5

If net assets are Rs. 960 crore and outstanding units are 80 crore, NAV is:

Question 6

A fund has net assets of Rs. 500 crore and 25 crore units. If liabilities rise by Rs. 50 crore while assets stay same, new NAV becomes:

Question 7

If an index fund shows NAV only up to 2 decimal places instead of 4, the issue is mainly related to:

Question 8

Which statement is logically strongest regarding TER?

Question 9

Can AMC charge advisory fee on segregated portfolio even before any recovery happens?

Question 10

Most correct understanding of Chapter 7 is:

Question 11

A scheme with high assets but extremely high liabilities may still have:

Question 12

Can a mutual fund declare dividend by using investor capital if distributable surplus is insufficient?

Question 13

If daily NAV declaration of segregated portfolio is stopped, the biggest concern would be:

Question 14

Can liabilities ever increase the NAV of a mutual fund?

Question 15

Can a mutual fund investor hold 10.75 units of a scheme?

Question 16

If a fund has same assets and liabilities as yesterday but more outstanding units today, NAV will usually:

Question 17

A scheme has total assets of Rs. 800 crore, liabilities of Rs. 120 crore and 40 crore outstanding units. NAV will be:

Question 18

If a mutual fund scheme does not disclose its fair valuation policy in the Statement of Additional Information (SAI), it is mainly violating:

Question 19

Which of the following is the trickiest wrong belief?

Question 20

Practice Set - 2