Free practice set
NISM V-A practice questions with answers
This is a free set of 20 original practice questions on topics that overlap with NISM Series V-A: Mutual Fund Distributors. It is the certification most people take before they distribute or sell mutual funds in India.
PaisaTrade is not affiliated with NISM, NSE Academy or SEBI. These are our own practice questions, not official exam questions, and they do not cover the full syllabus. Check the official website for the current syllabus, test pattern and fees.
Topic areas covered here
From the course
Mutual Funds & SIP
- Fund types and categories
- SIP, STP and SWP
- Investor services and NAV
From the course
Tax Basics
- Taxation of mutual funds
From the course
Scam Shield: Tips, Finfluencers & Frauds
- Investor protection and grievance redressal
- Code of conduct and mis-selling
From the course
Goal-Based Investing with Mutual Funds
- Financial planning and asset allocation
- Selecting funds and expense ratio
- Taxation of mutual funds
Practice questions
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Question 1
What do you receive when you invest in a mutual fund?
Question 2
Which fund type can usually grow most over long periods but swing the most?
Question 3
A SIP invests…
Question 4
How long is the ELSS lock-in?
Question 5
What is the main difference between direct and regular plans?
Question 6
What does a SIP mandate do?
Question 7
Shares held 10 months are sold at a gain. What is the gain called?
Question 8
Dividends from shares are taxed…
Question 9
Under the Income-tax Act, 2025, the old 80C deduction is now…
Question 10
Profit from F&O trading is treated as…
Question 11
Salary plus capital gains from shares, no trading business. Which form?
Question 12
A short-term capital loss can be set off against…
Question 13
Which line is the clearest red flag?
Question 14
A registration starting with INH belongs to…
Question 15
Why do fake apps allow a small first withdrawal?
Question 16
Why do operators share 'free' tips?
Question 17
A video of a famous investor promises 10% daily returns. Most likely…
Question 18
What is the national cyber-fraud helpline number?
Question 19
Meera's essential expenses are ₹50,000 a month. Roughly how big should her emergency fund be?
Question 20
A goal costs ₹5 lakh today and is 10 years away. What should you plan for?