NISM Mutual Fund Exam Paper 5

Q (13): 

Units of ________ must be listed on the stock exchange.

  Sector funds

  Arbitrage funds

  Close ended funds

  Liquid funds

Q (14): 

Wealth tax is payable at the applicable rates on equity mutual fund units

  (A) True

  (B) False

Q (15): 

What is best description of Indexation?

  The cost of acquisition is adjusted upwards to reflect the impact of inflation

  The cost of acquisition is adjusted upwards to reflect the impact of bonus and dividend

  The cost of acquisition is adjusted upwards to manage capital gain

  None of the above

Q (16): 

What is the range of equity exposure in monthly income plans (MIP)?

  5% to 20%

  5% to 30%

  0 % to 25%

  5% to 40%

Q (17): 

When comparing a fund's performance with that of its peer group, the following cannot be compared

  Two debt funds with 5 year maturities

  A broad-based equity fund with an IT Sector Fund

  A bond fund with a bond

  A government securities fund with a government security

Q (18): 

Where does the headquarters of CRISIL situated?

  Delhi

  Haryana

  Mumbai

  Karnataka

Q (19): 

Which is the having low risk

  Income Fund

  Growth Fund

  Money Market Mutual Fund

  Index Fund

Q (20): 

Which of the following can invest

  Foreign citizen

  Any entity that is not an Indian resident

  OCBs which is managed by foreigners.

  OCI card holder.

Q (21): 

Which of the following instruments can mutual funds scheme invest in?

  Stocks

  Corporate bonds

  Government securities

  All of the above