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

Question 1

Closed-ended funds are mainly traded on:

Question 2

Can closed-ended funds trade above NAV?

Question 3

Complex: A fund with high returns but very high management fees may finally give:

Question 4

Can a mutual fund investor directly select every stock in the portfolio?

Question 5

12b-1 fee is mainly related to:

Question 6

Which fund type stands ready to redeem units at NAV?

Question 7

Which fee is generally annual and based on assets under management?

Question 8

NAV stands for:

Question 9

If NAV = Rs. 12 and investor buys 1,000 units, total investment value is:

Question 10

If a fund's NAV falls due to expenses, the reason may be:

Question 11

If total assets are Rs. 500 crore, liabilities are Rs. 50 crore, and units are 30 crore, NAV is:

Question 12

Can management fees reduce NAV directly?

Question 13

Formula of NAV is:

Question 14

If an investor buys at NAV, this usually refers to:

Question 15

Which is more flexible for entry and exit?

Question 16

If total return formula includes dividend, it means:

Question 17

Closed-ended fund shares are bought from:

Question 18

A mutual fund mainly works by:

Question 19

Which of these is NOT a mutual fund fee?

Question 20

Can open-ended mutual funds issue new units anytime?

Question 21

Management fee is paid for:

Question 22

Front-end load is charged when:

Question 23

Who manages the investments in a mutual fund scheme?

Question 24

If NAV yesterday was Rs. 20 and today it is Rs. 22 with no dividend, return is:

Question 25

Can the market price of a closed-ended fund differ from NAV?

Question 26

Which is the main reason for front-end and back-end loads?

Question 27

Can a mutual fund be owned proportionally based on units held?

Question 28

Can mutual fund returns include both dividend and capital gains?

Question 29

Can the number of units in open-ended funds change daily?

Question 30

Back-end load is charged when:

Question 31

Tricky: Higher NAV always means better fund performance.

Question 32

Complex: If a closed-ended fund NAV is Rs. 100 but market price is Rs. 90, it trades at:

Question 33

If NAV last year was Rs. 50 and now it is Rs. 55 with Rs. 5 dividend, total return is:

Question 34

Most correct understanding of mutual fund returns is:

Question 35

Practice Set - 1