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

Question 1

Can two investments with same return give different final income after tax?

Question 2

Can all mutual fund income be treated as completely tax-free?

Question 3

Which income type may have different tax treatment?

Question 4

Chapter 8 mainly teaches investors to focus on:

Question 5

Redemption from which scheme may attract Securities Transaction Tax (STT)?

Question 6

Can tax rules affect investor redemption decisions?

Question 7

Which is more important for investors according to Chapter 8?

Question 8

Which of these is closest to equity-oriented taxation relevance?

Question 9

The statement 'It is not how much you earn, but how much you keep after taxes' mainly refers to:

Question 10

Tricky: Mutual fund taxation depends only on investor salary slab.

Question 11

Complex: If Fund A earns Rs. 1,00,000 with 20% tax and Fund B earns Rs. 90,000 with 5% tax, which gives better post-tax income?

Question 12

Can short-term capital gains and long-term capital gains have same tax treatment always?

Question 13

The main purpose of Chapter 8 is to explain:

Question 14

Which is the most logical reason a distributor must understand taxation?

Question 15

A mutual fund is mainly considered as a:

Question 16

Tax applicable on income earned by mutual fund schemes depends mainly on:

Question 17

Tricky: Higher pre-tax return always means better investment.

Question 18

Most correct understanding is:

Question 19

If Investment A gives 12% return and high tax, while Investment B gives 10% return and low tax, the better option depends on:

Question 20

Practice Set - 1