NISM 19B Practice Quiz

Question 1

What entity publishes the NISM-Series-XIX-B: Alternative Investment Funds (Category III) Distributors workbook?

Question 2

The NISM Certification Examination for Alternative Investment Funds (Category III) Distributors is designed for persons working in which domain in India?

Question 3

What is the primary purpose of the NISM certification programs?

Question 4

According to the workbook, what is a key characteristic of alternative asset classes?

Question 5

Which of the following is considered a traditional investment according to the provided comparative listing?

Question 6

What is the minimum passing score for the NISM-Series-XIX-B certification examination?

Question 7

The workbook mentions that reproduction of the publication in any form without prior permission is strictly prohibited. Who holds the copyright?

Question 8

The workbook disclaimer states that the contents are for general reading and educational purposes only and are not meant to serve as a guide for what?

Question 9

Who developed the NISM-Series-XIX-B workbook?

Question 10

The School for Certification of Intermediaries (SCI) at NISM is engaged in developing and administering which programs?

Question 11

The NISM-Series-XIX-B examination aims to enhance the quality of sales and distribution and enable better quality investor services for which specific type of AIF?

Question 12

The assessment structure for the NISM-Series-XIX-B examination includes which type of questions?

Question 13

What is the negative marking percentage for each question in the NISM-Series-XIX-B examination?

Question 14

What is the primary characteristic that differentiates Alternative Investment Funds (AIFs) from publicly traded funds?

Question 15

According to the workbook, what is generally a primary characteristic of traditional investments regarding liquidity?

Question 16

Which type of fund invests primarily in unlisted securities of start-ups, emerging or early-stage venture capital undertakings?

Question 17

An Angel Fund is included under which type of AIF?

Question 18

What is the minimum Net Tangible Assets requirement for an individual investor to qualify as an Angel Investor, excluding the value of their principal residence?

Question 19

Which type of AIF invests primarily in equity or equity linked instruments or partnership interests of investee companies?

Question 20

Which type of AIF is defined as one that employs diverse or complex trading strategies and invests and trades in securities having diverse risks or complex products including listed and unlisted derivatives?

Question 21

According to the SEBI (Alternative Investment Funds) Regulations, AIFs are divided into how many categories for registration and other purposes?

Question 22

Which category of AIFs invests primarily in start-ups, early stage ventures, social ventures, SMEs, infrastructure or other sectors as may be specified?

Question 23

Which category of AIFs includes AIFs that do not classify under Category I AIF or Category III AIF and generally invest in unlisted securities like debt funds and private equity funds?

Question 24

Which category of AIFs employs diverse or complex trading strategies and may employ leverage, including through investment in listed or unlisted derivatives?

Question 25

Category III AIFs such as Hedge Funds or funds which trade with a view to make short-term returns fall under which category as per SEBI regulations?

Question 26

Which category of AIFs is generally considered the riskiest among the three categories?

Question 27

Category III AIFs are most suited for which type of investors, considering their risk-return profile?

Question 28

Category III AIFs are allowed to take leverage positions through which instruments?

Question 29

Which section of the Private Placement Memorandum (PPM) would provide details on the targeted securities, investment style, and sectors of a Category III AIF?

Question 30

Category III AIFs are permitted to invest directly into an investee company or through units of other SEBI-registered AIFs without labelling themselves as what?

NISM 19B Free Mock Test (AIF Category III Distributors)

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