nism va mock test - Quiz Questions (Page 2 of 2)
This quiz contains 20 questions.
Question 11: Which is a type of mutual fund?
- Equity fund (Correct Answer)
- Pension plan
- Real estate fund
- Savings account
Question 12: What is the benefit of a mutual fund?
- Diversification (Correct Answer)
- Guaranteed high returns
- No market risk
- Tax exemption
Question 13: What is required for opening a mutual fund account?
- KYC compliance (Correct Answer)
- Broker's license
- Employer's guarantee
- Loan application
Question 14: What does SEBI stand for?
- Securities and Exchange Board of India (Correct Answer)
- State Economic Board of India
- Services and Equities Bureau of India
- Standard Equity Board of India
Question 15: What is an open-ended fund?
- Allows continuous buying and selling (Correct Answer)
- Scheduled investment plan
- Fixed unit trust
- Futures trading
Question 16: What is a fund's portfolio?
- Collection of investments (Correct Answer)
- A financial statement
- A dividend declaration
- A corporate merger
Question 17: How often can mutual fund units be bought?
- Any business day (Correct Answer)
- Once a year
- Quarterly
- Bi-annually
Question 18: Which document is critical for understanding a fund?
- Offer Document (Correct Answer)
- Financial Times
- Trading Account Statement
- Stock Tips Newsletter
Question 19: What fee do fund managers charge?
- Management fee (Correct Answer)
- Brokerage fee
- Stamp duty
- Clearance fees
Question 20: Which service is provided by RTA?
- Record-keeping (Correct Answer)
- Loan disbursement
- Tax consulting
- Advertising
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.
