nism 5a mock test - Quiz Questions (Page 1 of 2)
This quiz contains 20 questions.
Question 1: What is the primary regulator of mutual funds in India?
- SEBI (Correct Answer)
- RBI
- NABARD
- IRDAI
Question 2: Which of these is a feature of a growth mutual fund scheme?
- No dividends paid
- Regular dividends paid
- Fixed maturity
- Debt focus
Question 3: What does the NAV of a mutual fund indicate?
- Value per unit (Correct Answer)
- Fund's profit
- Number of units
- Total assets
Question 4: Who is responsible for the safekeeping of mutual fund assets?
- Custodian (Correct Answer)
- Auditor
- Distributor
- Fund Manager
Question 5: Which document contains the investment strategy of a mutual fund?
- Scheme Information Document (Correct Answer)
- Offer Document
- Registration Document
- Compliance Manual
Question 6: What does SIP stand for in mutual funds?
- Systematic Investment Plan (Correct Answer)
- Standard Income Plan
- Secure Investment Plan
- Short Investment Package
Question 7: What is the maximum entry load allowed for mutual funds in India?
- Nil (Correct Answer)
- 1%
- 5%
- 2%
Question 8: Which mutual fund scheme offers tax benefits under Section 80C?
- Equity Linked Savings Scheme (Correct Answer)
- Liquid Fund
- Debt Fund
- Overnight Fund
Question 9: Which role manages the investment of a mutual fund portfolio?
- Fund Manager (Correct Answer)
- Custodian
- Broker
- Investor
Question 10: What needs to be assessed for a client before recommending a mutual fund?
- Risk profile (Correct Answer)
- Family history
- Age
- Educational background
Get ready for our NISM 5A mock test designed for mutual fund distribution. This practice exam reviews key areas like regulation, product features, scheme valuation, and ethics to help you master the subject. It’s a simple, clear quiz meant to boost your confidence for the NISM Series V-A certification. Give it a try and see how well you understand the fundamentals of mutual funds.
