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

Question 1

Is hiding commission details from investors considered good practice?

Question 2

Which is an example of mis-selling?

Question 3

Can commission disclosure alone justify recommending an unsuitable fund?

Question 4

Which is the strongest sign of good distribution practice?

Question 5

Which action is ethical?

Question 6

Mis-selling mainly damages:

Question 7

What does transparent selling mainly build?

Question 8

Is promising fixed returns in equity mutual funds acceptable?

Question 9

Which platform is mainly used for investor complaint redressal after AMC fails to resolve an issue?

Question 10

Which is the best role of a mutual fund distributor?

Question 11

Can SEBI take action against repeated mis-selling?

Question 12

Can a distributor skip explaining risks if the investor wants fast investment?

Question 13

The first step before filing a complaint on SCORES is usually:

Question 14

Which is the main purpose of due diligence before empanelling distributors?

Question 15

Which statement is tricky but correct?

Question 16

Most tricky but correct: ethical distribution mainly means:

Question 17

Which of these supports fair selling?

Question 18

Who should be the center of every mutual fund recommendation?

Question 19

Which body protects investors in securities markets?

Question 20

Can advertisements of mutual funds be misleading under SEBI rules?

Question 21

Can SCORES be used for normal market losses caused by market fall?

Question 22

Can AMFI legally regulate mutual funds like SEBI?

Question 23

Which is better for a distributor in the long run?

Question 24

Is SEBI the main regulator of mutual funds in India?

Question 25

Is commission disclosure important for investor transparency?

Question 26

Is saying 'this fund is best for everyone' a proper advisory statement?

Question 27

Can a mutual fund distributor act only as a product seller without responsibility?

Question 28

Can AMFI Code of Conduct help reduce mis-selling?

Question 29

Is investor grievance redressal about solving investor complaints?

Question 30

Who issues the code of conduct for mutual fund intermediaries?

Question 31

Can SEBI guarantee profits in mutual fund investments?

Question 32

Can investors directly use SCORES without ever contacting AMC?

Question 33

Can a distributor ignore investor risk profile if the scheme has high returns?

Question 34

Is investor suitability more important than distributor preference?

Question 35

Is it correct for a distributor to recommend a fund only because it offers higher commission?

Question 36

AMFI mainly functions as:

Question 37

Is AMFI stronger than SEBI in legal regulatory power?

Question 38

Which statement is correct about SEBI?

Question 39

Which is NOT a fair practice?

Question 40

Practice Set - 2