NISM Series V A: Mutual

Fund Distributors Model

Question Paper
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Fund Distributors model question paper then
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Series V A: Mutual Fund Distributors
Certification Exam.

Q.1. An investor gives a cheque of Rs 2 lacs

for investing in a ELSS scheme at 2.30 pm
at a Mutual Fund office. The NAV of which
day will be applicable to him?
A.
B.
C.
D.

NAV of the same day

NAV of the next business day
NAV of the day on which funds will be available
None of the above

Q.2. An investor holds 5000 units of a scheme

and this scheme announces a 1 : 5 bonus. How

many more units will be allotted to the investor?
A.
B.
C.
D.

25000
10000
5000
1000

Q.3. An investor who has a long term view and is

looking for capital appreciation and also has high risk
tolerance should opt for investments in ___________.
A.
B.
C.
D.

Gold
Equities
Fixed Deposits
High interest bearing junk bonds

Q.4. Day to day management of the MF schemes

is handled by the Trustees - True or False ?

A. False
B. True

Q.5.Debt-oriented, close-ended / interval,

schemes /plans need to disclose their portfolio
in their website every month, by the _____
working day of the succeeding month.
A.
B.
C.
D.

3rd
10th
12th
15th

Q.6. In case a Mutual Fund scheme is winded

up and some of the illiquid securities are
sold after a period of two years, the funds so
received are to be _________.
A. kept by the Mutual Fund under the head 'Other
Profits'
B. transferred to the Investor Education Fund
C. paid to the old investors
D. transferred to AMFI and to be used for Mutual
Fund promotional activities

Q.7. Investors in the _____________ should

allot a higher proportion to Income Funds.

A.
B.
C.
D.

Accumulation Phase
Distribution Phase
Inter-generational transfer phase
Sudden Wealth category

Q.8. Long term debt funds would be sensible in

declining interest rate scenarios - True or False ?
A. True
B. False

Q.9. Minors are not legally eligible to contract,

so for investing in Mutual Funds they _________.
A.
B.
C.
D.

have to become 18 years before investing

can invest thro' their guardians
can invest only in long term capital gain funds
can invest in specific 'Minors Only' Mutual Funds

Q.10. The Pension Account of National

Pension System (NPS) is known as ________.
A.
B.
C.
D.

Tier I
Tier II
Tier III
Asset Class E

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