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

Question 1

Can long-term capital gains and short-term capital gains have different tax rates?

Question 2

Which is the strongest false belief?

Question 3

Which statement is most correct?

Question 4

Complex: Fund A gives Rs. 2,00,000 gain with 15% tax. Fund B gives Rs. 1,90,000 gain with 5% tax. Which gives better post-tax income?

Question 5

Which investor statement is most incorrect?

Question 6

Complex: Fund A earns Rs. 80,000 tax-free. Fund B earns Rs. 1,00,000 with 25% tax. Which is better?

Question 7

Can an investor choose a lower gross return investment for better tax efficiency?

Question 8

Can taxation rules differ between debt funds and equity funds?

Question 9

Can the same investor face different tax outcomes from different mutual fund categories?

Question 10

Which tax concept matters most while comparing investment options?

Question 11

Most logical reason for understanding taxation before investing is:

Question 12

Tricky: A higher dividend payout always means a better investment choice.

Question 13

If two mutual fund schemes give the same return but one has lower tax liability, the better choice is usually:

Question 14

If an investor sells units quickly after purchase, which gain is more likely relevant?

Question 15

Can tax-saving decisions affect redemption timing?

Question 16

Can equity-oriented mutual fund redemption attract STT?

Question 17

Complex: If pre-tax return is 14% and effective tax impact reduces 4%, final useful return becomes:

Question 18

If Investment X has lower return but much lower tax than Investment Y, the correct comparison should use:

Question 19

If an investor ignores taxation completely, the biggest risk is:

Question 20

Best lesson of Chapter 8 is:

Question 21

Which is most related to equity mutual fund taxation?

Question 22

Tricky: Mutual funds are called pass-through vehicles because taxes are never applicable.

Question 23

Can dividend distribution and redemption both have tax relevance?

Question 24

Tricky: If two funds have same NAV, their tax impact must also be same.

Question 25

Practice Set - 2