1. NISM Investment Adviser(Level 1)
Model Question Paper
If you are looking for NISM Series X-A:Investment
Adviser (Level 1)Model Question Paper then you are at
the right place. Just move to the next page to grab model
questions of NISM-Series-X-A: Investment Adviser (Level
1) Certification exam.

2. Q.1. A NPS subscriber can lodge his complaints
using ______.
A. SCORES
B. CGMS
C. IGMS
D. BOLT

3. Q.2. A person with the fiduciary responsibility to administer
the estate of the deceased person is termed as an ______.
A. Nominee
B. Testator
C. Executor
D. Legatee

4. Q.3. A strategy which brings in the element of market timing
and view based allocation to portfolio management is known
as?
A. Dynamic Asset Allocation
B. Strategic Asset Allocation
C. Tactical Asset Allocation
D. Periodic Asset Allocation

5. Q.4. After how many years, withdrawals are allowed for
a PPF account?
A. 8 years
B. 7 years
C. 5 years
D. 3 years

6. Q.5. An investment adviser needs to apply for renewal
of his registration certificate within?
A. 6 months before expiry
B. 3 months before expiry
C. 9 months before expiry
D. 12 months before expiry

7. Q.6. If the variance of a security is 25, what is the
standard deviation?
A. 625
B. 5
C. 50
D. 20

8. Q.7.Income tax authorities can attach PPF
accounts to recover tax dues - True or False ?
A. True
B. False

9. Q.8. Loss from Business or Profession cannot be
set-off from ______ .
A. Short Term Capital Gain
B. Long Term Capital Gain
C. Income from Salary
D. Income from Other Sources.

10. Q.9. The rate at which RBI lends short term
money to the Bank is known as__________ .
A. Repo Rate
B. Reverse Repo Rate
C. Bank Rate
D. CRR

11. Q.10. The standard deviation of returns is 30% for Stock
A and 20% for Stock B. The covariance between the
returns of A and B is 0.006. The correlation of returns
between stocks A and B is ________.
A. 0.10
B. 0.20
C. 0.30
D. 0.35

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