nism 5a mock test - Quiz Questions (Page 2 of 2)
This quiz contains 20 questions.
Question 11: What is the term for ongoing fees charged by a mutual fund?
- Expense ratio (Correct Answer)
- Exit load
- Entry load
- NAV
Question 12: Which type of mutual fund invests mainly in government securities?
- Gilt Fund (Correct Answer)
- Equity Fund
- Index Fund
- Infrastructure Fund
Question 13: Who regulates the mutual fund distributors?
- AMFI (Correct Answer)
- SEBI
- NSE
- BSE
Question 14: Which body governs investment advisors in India?
- SEBI (Correct Answer)
- IRDAI
- NABARD
- RBI
Question 15: What is a lock-in period in mutual funds?
- Time before withdrawals allowed (Correct Answer)
- Time for investing in securities
- Time before buying allowed
- Time for fund maturity
Question 16: What does a fund offer prospectus describe?
- All details about the fund (Correct Answer)
- Risk profile of the fund
- Past performance
- Management team
Question 17: Which metric is crucial for comparing mutual fund performance?
- Returns (Correct Answer)
- Dividends
- Inflation
- Market cap
Question 18: What is the main purpose of the Know Your Customer process?
- Identify clients (Correct Answer)
- Monitor sales
- Calculate taxes
- Evaluate performance
Question 19: Which risk arises due to economic changes affecting mutual funds?
- Market risk (Correct Answer)
- Credit risk
- Liquidity risk
- Inflation risk
Question 20: What framework is used for ethical conduct in mutual fund distribution?
- Code of Conduct (Correct Answer)
- Prospectus
- NAV
- Expense ratio
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.
