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

Question 1

If investor ignores tax planning, result is:

Question 2

What is capital gain?

Question 3

What is holding period?

Question 4

If investor receives dividend, what happens?

Question 5

What is short-term capital gain?

Question 6

Which tax applies when units are sold?

Question 7

What is the main purpose of taxation in mutual funds?

Question 8

If investor sells after long period, what benefit is likely?

Question 9

Which factor affects tax calculation most?

Question 10

Which scenario leads to maximum tax efficiency?

Question 11

If investor waits longer before selling, what happens?

Question 12

If investor frequently switches funds, what is tax impact?

Question 13

Which factor determines tax type?

Question 14

What is tax planning?

Question 15

Which income is received without selling units?

Question 16

Which scenario gives better after-tax return?

Question 17

What is long-term capital gain?

Question 18

Which decision is best for minimizing tax impact?

Question 19

Which behavior increases tax liability?

Question 20

If investor sells at loss, tax impact is:

Question 21

If investor redeems units, what triggers tax?

Question 22

Which action improves net returns after tax?

Question 23

Which concept helps reduce tax burden?

Question 24

Which gain is usually taxed at higher rate?

Question 25

What is dividend income?

Question 26

If an investor holds units for longer duration, what is benefit?

Question 27

An investor sells units within short period and pays high tax. What mistake was made?

Question 28

If investor earns profit but does not sell, tax is:

Question 29

If investor books loss, what can be done logically?

Question 30

Practice Set - 1