nism va mock test - Quiz Questions (Page 1 of 2)
This quiz contains 20 questions.
Question 1: What is included in the NISM VA syllabus?
- Mutual fund distribution (Correct Answer)
- Investment banking
- Cryptocurrency trading
- Stock brokerage
Question 2: Who regulates mutual funds in India?
- SEBI (Correct Answer)
- RBI
- NSE
- BSE
Question 3: What is a NAV?
- Net Asset Value (Correct Answer)
- Non-Agency Value
- New Asset Vision
- National Asset Volume
Question 4: What is SIP?
- Systematic Investment Plan (Correct Answer)
- Standard Investment Process
- Secure Income Plan
- Simple Investment Plan
Question 5: Which rule governs mutual fund distribution?
- SEBI Regulations (Correct Answer)
- Income Tax Act
- Companies Act
- Negotiable Instruments Act
Question 6: What is the role of an AMC?
- Manages mutual funds (Correct Answer)
- Audits financial statements
- Regulates stock exchanges
- Issues shares
Question 7: What is the full form of KYC?
- Know Your Customer (Correct Answer)
- Keep Your Confidentiality
- Knowledge Yard Certificate
- Key Yield Calculation
Question 8: What kind of risk do mutual funds mitigate?
- Diversification risk
- Regulatory risk
- Political risk
- Credit risk (Correct Answer)
Question 9: What is an ELSS?
- Equity Linked Savings Scheme (Correct Answer)
- Ethical Lifestyle Savings Scheme
- Environmental Linked Savings Scheme
- Emerging Markets Linked Scheme
Question 10: What does SIP help in achieving?
- Regular investing (Correct Answer)
- High risk ventures
- Immediate profits
- Currency trading
Take this nism va mock test to check your understanding of mutual fund distribution basics. It covers the rules, product ideas, and real-life methods in the industry. This quiz is simple and helps you see if you’re ready for the certification. Try it out, and see how prepared you are for the real exam in India.
