NISM V-B Investor Services — Practice Questions
The heaviest chapter in V-B at 20% of the paper: KYC, the application form, cut-off times and applicable NAV, systematic transactions (SIP, SWP, STP), account statements, nomination, transmission and investor complaints.
65 questions on Investor Services in the ScoreSetu bank — each with a detailed explanation and, where useful, a memory hook.
What this topic covers
- KYC and the application form
- Cut-off times and applicable NAV
- SIP, SWP and STP
- Nomination, transmission and complaints
Free sample questions
1. If applicable NAV is Rs 40 and exit load is 1%, re-purchase price will be _____ .
- A. Rs 40.40
- B. Rs 39.60 ✅
- C. Rs 10.40
- D. Rs 9.60
Answer: B — Rs 39.60
Why: Re Purchase (Redemption) Price = Applicable NAV less Exit load (if any) = 40 less 1% = 40 - 0.40 = 39.60
💡 Re-purchase price = applicable NAV - exit load. 40 - 1% = Rs 39.60.
2. What is the applicable NAV for liquid scheme where redemption requests are received up to 3 pm ?
- A. Closing NAV of next business day
- B. Closing NAV of the day immediately preceding the next business day ✅
- C. Either 1 or 2
- D. None of the above
Answer: B — Closing NAV of the day immediately preceding the next business day
Why: For Liquid, if the redemption request is received before 3 pm, then the NAV of day immediately preceding the next business day is considered. Next business day NAV for applications received after cut off time.
💡 Liquid redemption before 3pm cut-off -> NAV of the day IMMEDIATELY PRECEDING the next business day.
3. Investor withdraws a fixed amount at regular intervals and this amount is credited in his bank account - This option is known as _________ .
- A. SIP
- B. SWP ✅
- C. STP
- D. Trigger
Answer: B — SWP
Why: Systematic Withdrawal Plan (SWP)
💡 SWP = fixed amount WITHDRAWN at regular intervals into bank (opposite of SIP).
Practise all 65 Investor Services questions
Plus the full 369-question NISM V-B bank and real-feel mock exams.