📊 NISM Series V-D Chapter 1 of 22 ⚖ 5 of 150 marks weightage

Ch.1: Investment Landscape

Practice questions for NISM-Series-VD: Mutual Fund - Specialised Investment Fund Distributors Certification Examination, Chapter 1: Investment Landscape — covering savings vs. investment, physical vs. financial assets, equity/debt/money market instruments, Indian financial market structure and intermediaries (RTA, Custodian, Depository), financial regulators, investment risks, inflation and real rate of return, financial goals, and asset allocation. Carries 5 out of 150 marks. The exam has 150 MCQs, 60% passing score, and −10% negative marking per wrong answer.

What You Will Learn in This Chapter

Distinction between saving and investing, and the characteristics of physical vs. financial assets
Equity, debt and money market instruments, and the risk-return trade-off across asset classes
Structure of the Indian financial market — primary vs. secondary market, and the role of intermediaries (RTA, Custodian, Depository)
Indian financial regulators (SEBI, RBI, IRDAI, PFRDA, Ministry of Finance) and their respective mandates
Investment risks (interest rate, reinvestment, credit), inflation and real rate of return, financial goals by time horizon, and strategic vs. tactical asset allocation

Key Terms:Financial AssetsPhysical AssetsPrimary MarketSecondary MarketRegistrar and Transfer Agent (RTA)CustodianDepositoryReal Rate of ReturnInterest Rate RiskAsset Allocation

Free Sample Question

Q1MCQEasyInflation

What does a high inflation rate primarily indicate?

✓A general increase in the price level of goods and services over time.

BA decrease in the overall economic growth rate.

CAn increase in the unemployment rate.

DA strengthening of the domestic currency against foreign currencies.

💡 Inflation is defined as the rate at which the general level of prices for goods and services is rising, and consequently, the purchasing power of currency is falling.

44 more questions in this chapter

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About this content: These practice questions are based on the NISM-Series-VD: Mutual Fund - Specialised Investment Fund Distributors Certification Examination Workbook published by the National Institute of Securities Markets (NISM), Mumbai (March 2026 edition). NISM is a SEBI-established institution. Questions cover Chapter 1: Investment Landscape with verified answers and explanations. BullWiser is an independent exam preparation platform — not affiliated with NISM, SEBI or AMFI. Last updated: July 24, 2026.

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Ch.2: Concept & Role of a Mutual Fund →