Practice Set - 3 | Practice Set | NISM Series V-A: Mutual Fund Distributors Certification Examination

Question 1

Can a mutual fund guarantee profit in equity schemes?

Question 2

A fund's gross return is 15% and total annual expenses are 3%. Approximate net return to investor is:

Question 3

If an investor buys 2,000 units at NAV Rs. 25 and redeems at NAV Rs. 30 with no load, total capital gain is:

Question 4

Can trustees directly make stock buying decisions for the portfolio daily?

Question 5

If a fund gives 8% NAV appreciation and 4% dividend yield in a year, total return is:

Question 6

Complex: If an investor invests Rs. 24,500 in a fund with NAV Rs. 49, how many units are purchased?

Question 7

Which participant protects securities through safe custody?

Question 8

Most logically correct statement is:

Question 9

Can an investor holding more units own a larger share of the mutual fund scheme?

Question 10

If NAV is Rs. 50 and an investor redeems 100 units with 2% exit load, actual amount received is:

Question 11

If total assets are Rs. 900 crore, liabilities are Rs. 150 crore, and units outstanding are 50 crore, NAV is:

Question 12

Which is logically strongest for emergency money?

Question 13

Which situation is the strongest sign of mis-selling?

Question 14

If a closed-ended fund has NAV of Rs. 120 but is trading at Rs. 108 in the market, it is trading at:

Question 15

If Fund A has NAV Rs. 200 and Fund B has NAV Rs. 20, which statement is correct?

Question 16

Which is the trickiest false belief about mutual funds?

Question 17

A closed-ended fund trading above NAV means:

Question 18

Can a higher NAV automatically prove that Fund A performed better than Fund B?

Question 19

If management fee rises significantly while returns stay same, investor outcome will likely be:

Question 20

Practice Set - 3