NISM Mutual Fund Distributor Mock Test on Scheme Related Information
NISM Mutual Fund Distributor Mock Test on Scheme Related Information. The NISM Series VA Exam seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds. Claim your NISM VA Certification. Following is a Free Mock Test for NISM VA with answers and explanation on Scheme Related Information. Start practicing questions and pass your NISM exam successfully.
Free NISM Mutual Fund Distributor Mock Test on Scheme Related Information
Q 1. Which of the following is / are part of scheme related documents?
[a] Scheme Information Document (SID)
[b] Statement of Additional Information (SAI)
[c] Key Information Memorandum (KIM)
[d] All of the above
Show Answer
Correct Answer: [d] All of the above
Notes: SID, SAI, KIM all are the part of scheme related document.
Q 2. The principle of “Caveat emptor” means “let the buyer beware”. State whether True or False.
[a] True
[b] False
Show Answer
Correct Answer: [a] True
Q 3. In case of Mutual Fund, SEBI approves the Scheme Related Documents. State whether True or False.
[a] True
[b] False
Show Answer
Correct Answer: [b] False
Notes: SEBI does not approve or disapprove the Scheme Related Documents. However, SEBI gives its observations.
Read Also:- Practice Questions for NISM Series VA Exam on Risk, Return and Performance of Funds
Q 4. SID, SAI and KIM of mutual fund scheme need to be updated periodically. These documents are updated through the issuance of –
[a] Endorsement
[b] Amendment
[c] Corrigendum
[d] Addendum
Show Answer
Correct Answer: [d] Addendum
Q 5. What is the mandatory period for updating Key Information Memorandum (KIM)?
[a] monthly
[b] quarterly
[c] half-yearly
[d] annually
Show Answer
Correct Answer: [c] half-yearly
Notes: Key Information Memorandum (KIM) shall be updated at least once in half-year.
Q 6. A pictorial representation of the risk to the principal invested in a mutual fund product for informed decision making is known as –
[a] Risk Chart
[b] Riskometer
[c] Performance Meter
[d] None of the above
Show Answer
Correct Answer: [b] Riskometer
Q 7. Which of the following is NOT a statutory document?
[a] Scheme Information Document (SID)
[b] Statement of Additional Information (SAI)
[c] Key Information Memorandum (KIM)
[d] Fund Fact Sheet
Show Answer
Correct Answer: [d] Fund Fact Sheet
Read Also:- NISM Series V-A Mock Test – 1
Q 8. NAV of the mutual fund scheme is disclosed on the website of ……………………
[a] RBI
[b] AMC
[c] Both a & b
[d] Neither a nor b
Show Answer
Correct Answer: [b] AMC
Q 9. SID and SAI documents are prepared in the format prescribed by……………………
[a] AMC
[b] AMFI
[c] Trustee
[d] SEBI
Show Answer
Correct Answer: [d] SEBI
Q 10. The line “Please read the scheme related documents carefully” refers to which document(s)?
[a] Scheme Information Document (SID)
[b] Statement of Additional Information (SAI)
[c] Both a & b
[d] Neither a nor b
Show Answer
Correct Answer: [c] Both a & b
Read Also:- Know more about NISM Series VA Exam – Mutual Fund Distributors Certification
आपको यह पोस्ट कैसा लगा ? अपने सुझाव और कमेन्ट देने के लिए नीचे दिये गए कमेन्ट सेक्सन का प्रयोग करें। अगर आपको यह पोस्ट पसंद आया तो इसे अपने दोस्तों के साथ जरूर शेयर करें।
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