nism mutual fund mock test - Quiz Questions (Page 1 of 2)
This quiz contains 20 questions.
Question 1: What is the primary objective of an equity fund?
- Growth of capital (Correct Answer)
- Regular income
- Tax savings
- Capital preservation
Question 2: Which is NOT a type of mutual fund scheme?
- Credit union
- Open-ended
- Close-ended (Correct Answer)
- Interval
Question 3: Who regulates mutual funds in India?
- Securities and Exchange Board of India (Correct Answer)
- Reserve Bank of India
- Ministry of Finance
- Insurance Regulatory and Development Authority
Question 4: What does NAV stand for in mutual funds?
- Net Asset Value (Correct Answer)
- New Asset Venture
- National Asset Value
- Negotiated Asset Venture
Question 5: What is a 'fund of funds'?
- A mutual fund investing in other funds (Correct Answer)
- A fixed deposit scheme
- An IPO term
- A type of bond fund
Question 6: Who can appoint trustees in a mutual fund?
- Sponsor of AMC (Correct Answer)
- Fund manager
- Investors
- SEBI
Question 7: What is the role of a registrar in a mutual fund?
- Maintain investors' records (Correct Answer)
- Manage fund investments
- Sponsor the fund
- Supervise tax matters
Question 8: What does CAGR stand for?
- Compound Annual Growth Rate (Correct Answer)
- Cash Annual Growth Rate
- Cumulative Annual Gain Rate
- Corporate Annual Growth Rate
Question 9: Which fund typically has the lowest risk?
- Money market fund (Correct Answer)
- Equity fund
- Sector fund
- Balanced fund
Question 10: What is SIP in mutual funds?
- Systematic Investment Plan (Correct Answer)
- Select Interest Process
- Secure Investor Portfolio
- Structured Investment Package
Take the NISM Mutual Fund mock test to see how well you understand mutual fund basics, rules, and investment strategies. This short quiz is made for those preparing for the NISM certification exam in India. It helps you review key topics related to financial products and current regulations. Test your skills and boost your confidence before the real exam.
