NISM V-A Mock Test 3 (50 Questions with Answers)

Practice this NISM V-A Mock Test to test your preparation and improve your score. This test includes exam-level, case-based, and True/False questions designed to match the actual exam pattern.

/50

NISM Series V-A Mock Test 3

Practice this NISM VA Mock Test to test your preparation and improve your score. This test includes exam-level, case-based, and True/False questions designed to match the actual exam pattern.

No. of Questions: 50

Time: 60 Mins

No Negative Marking

1 / 50

An investor invests ₹1 lakh in an equity fund for 10 years with high risk appetite. What is the most suitable expectation?

A. Stable returns

B. Guaranteed returns

C. High volatility with potential high returns

D. Fixed income

2 / 50

If inflation is 6% and return is 5%, real return is:

A. Positive

B. Negative

C. Zero

D. Constant

3 / 50

Mutual funds eliminate all types of risk.

A. True

B. False

4 / 50

A fund invests in both equity and debt. It is:

A. Debt fund

B. Equity fund

C. Hybrid fund

D. Index fund

5 / 50

Investor follows others blindly during market rise. This is:

A. Anchoring

B. Herding

C. Loss aversion

D. Recency bias

6 / 50

NAV increases due to:

A. Increase in liabilities

B. Decrease in assets

C. Increase in asset value

D. Increase in units

7 / 50

Expense ratio affects:

A. NAV calculation

B. Risk

C. Liquidity

D. Investor returns

8 / 50

Direct plan has lower expense ratio than regular plan.

A. True

B. False

9 / 50

A distributor recommends unsuitable product for commission. This violates:

A. Suitability principle

B. Risk principle

C. NAV rule

D. Tax law

10 / 50

Which document provides scheme details?

A. KYC

B. SID

C. NAV report

D. Statement

11 / 50

A fund consistently underperforms benchmark. This indicates:

A. High liquidity

B. Low risk

C. Poor management

D. High return

12 / 50

Higher risk always guarantees higher returns.

A. True

B. False

13 / 50

A systematic investment reduces:

A. Timing risk

B. Return

C. Risk

D. NAV

14 / 50

STP is used when:

A. Investing from large sum of a fund

B. Paying tax

C. Trading stocks

D. Withdrawing funds

15 / 50

SWP is ideal for:

A. Growth

B. Tax saving

C. Risk reduction

D. Regular income

16 / 50

A conservative investor prefers:

A. Equity

B. Debt

C. Sector fund

D. Small-cap fund

17 / 50

Index funds aim to outperform benchmark.

A. True

B. False

18 / 50

Tracking error measures:

A. Return

B. Risk

C. Deviation from index

D. Expense

19 / 50

A fund with high volatility is suitable for:

A. Conservative investor

B. Aggressive investor

C. Retired investor

D. Risk-averse investor

20 / 50

Capital gain arises on:

A. Purchase

B. Holding

C. Redemption

D. Investment

21 / 50

ELSS has lock-in period.

A. True

B. False

22 / 50

A diversified portfolio reduces:

A. Systematic risk

B. Unsystematic risk

C. Inflation

D. Liquidity

23 / 50

Mutual fund units are priced at:

A. Market price

B. NAV

C. Fixed value

D. Premium

24 / 50

Cut-off timing affects:

A. Tax

B. Risk

C. Returns

D. NAV applicability

25 / 50

Higher expense ratio always increases returns.

A. True

B. False

26 / 50

Which is liquid investment?

A. Real estate

B. Equity

C. Liquid fund

D. Gold

27 / 50

AMC is responsible for:

A. Regulation

B. Custody

C. Audit

D. Portfolio management

28 / 50

Trustee protects:

A. AMC

B. Investor

C. Government

D. Broker

29 / 50

Mutual funds guarantee returns.

A. True

B. False

30 / 50

A person invests based on past NAV trends only. This is:

A. Rational

B. Diversification

C. Hedging

D. Recency bias

31 / 50

A benchmark helps in:

A. NAV calculation

B. Performance comparison

C. Tax calculation

D. Risk elimination

32 / 50

Which fund is high risk?

A. Liquid

B. Debt

C. Small-cap

D. Overnight

33 / 50

SIP eliminates all risk.

A. True

B. False

34 / 50

A long-term goal requires:

A. Equity allocation

B. Debt only

C. Savings only

D. Gold only

35 / 50

Investor grievance is handled by:

A. AMC only

B. Broker

C. Bank

D. SEBI system

36 / 50

Which is tax-saving fund?

A. Debt

B. Hybrid

C. ELSS

D. Liquid

37 / 50

NAV is declared daily.

A. True

B. False

38 / 50

A higher TER results in:

A. Higher returns

B. Lower returns

C. No impact

D. Higher NAV

39 / 50

Direct plan is suitable for:

A. Advisor-based investing

B. Beginners only

C. Self-investors

D. Risky investors

40 / 50

Regular plan includes:

A. No commission

B. Distributor commission

C. Government fee

D. Tax

41 / 50

Diversification removes all risks.

A. True

B. False

42 / 50

Mutual fund objective is:

A. Wealth creation

B. Speculation

C. Gambling

D. Trading

43 / 50

A portfolio concentrated in one sector is:

A. Diversified

B. Risky

C. Safe

D. Balanced

44 / 50

A short-term investor should prefer:

A. Debt/liquid

B. Equity

C. Small-cap

D. Sector fund

45 / 50

Higher return means lower risk.

A. True

B. False

46 / 50

Redemption proceeds depend on:

A. Purchase price

B. Applicable NAV

C. Market rumor

D. Fund manager

47 / 50

Which reduces timing risk?

A. Lump sum

B. Trading

C. SIP

D. Speculation

48 / 50

A scheme launch is called:

A. NFO

B. IPO

C. NAV

D. AMC

49 / 50

Mutual funds are regulated in India.

A. True

B. False

50 / 50

Main role of mutual fund is:

A. Speculation

B. Gambling

C. Trading

D. Pool and invest funds

Your score is

The average score is 78%

Exit

Please share your feedback to help us improve.

Anonymous feedback

Thank you for your feedback!

NISM VA Mock Tests | NISM VA Notes & MCQs

Report a question