NISM-Series-19D: Category I and II Alternative Investment Fund Managers Mock Tests

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NISM-Series-19D: Category I and II Alternative Investment Fund Managers Mock Tests 1 100 Questions • Mock Simulation	Free First Test
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NISM-Series-19D: Category I and II Alternative Investment Fund Managers Mock Tests Case-based 1 100 Questions • Case-based only	Locked - Purchase to Unlock
NISM-Series-19D: Category I and II Alternative Investment Fund Managers Mock Tests Case-based 2 100 Questions • Case-based only	Locked - Purchase to Unlock
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Examination Objectives

Gain a brief understanding of the investment landscape and various types of investments, including traditional and alternative asset classes.
Develop a detailed understanding of Alternative Investment Funds (AIFs) management, covering:
- The suitability of AIF products and their role in portfolio diversification.
- The AIF ecosystem and the functions of its various service providers.
- The roles of AIF Managers and their key management teams in performing fund management duties, fund governance, and managing conflicts of interest.
- Fund structures, fee structures, performance measurement techniques and their interpretations, and the importance of performance benchmarking.
- Various investment strategies, investment due diligence processes, and the governance structure in AIFs as followed by investors.
- The Code of Conduct for AIFs, AIF Managers, and their key management teams.
- The legal documentation involved and the significance of negotiations among stakeholders in the AIF domain.
- Valuation techniques used, the role of third-party registered valuers, and fund monitoring and reporting.
- The various exit options available to AIFs.
- Taxation aspects and related regulations for Category I and II AIFs in India.
Understand the regulatory environment in which AIFs operate in India, including regulations such as SEBI (AIF) Regulations, FEMA, PMLA, SEBI (PIT) Regulations, and SEBI (PFUTP) Regulations.

Assessment Structure

It consists of 60 multiple-choice questions, each worth 1 mark, contributing a total of 60 marks.
There are 4 case-based questions, with each case comprising 5 sub-questions, and each sub-question is worth 2 marks, totaling 40 marks (4 cases * 5 questions/case * 2 marks/question).
The total duration for the examination is 2 hours.
Candidates must achieve a minimum score of 60% (60 marks out of 100) to pass the examination.
A negative marking of 25% of the marks assigned to a question will be applied for incorrect answers.
Candidates should be proficient in using Microsoft Excel or OpenOffice Calc for numerical computations, as these software programs are available at the test centres.
The sample questions provided in the workbook are for reference only, and the difficulty level in the actual examination may vary.

Syllabus Outline with Weights

Chapter No	Chapter Name	Weightage (marks)
1	Investments Landscape	2
2	Types of Investments	Not available
3	Alternative Investment Funds in India and its Suitability	2
4	Alternative Investment Funds Ecosystem	5
5	Alternative Investment Fund Structuring	10
6	Fee Structure of AIFs	10
7	Fund Performance and Benchmarking of AIFs	10
8	Legal Documents and Negotiations	6
9	Investment Strategies	10
10	Investment Process and Governance of Funds	10
11	Valuation	10
12	Fund Monitoring, Reporting and Exit	10
13	Taxation	5
14	Regulatory Framework	10
	Total Marks	100

Note: As per the source, no specific marks are allocated for Chapter 2.

Study Materials

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NISM-Series-19D: Category I and II Alternative Investment Fund Managers Workbook

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Exam Instructions

Each test contains multiple-choice questions.
Each test contains up to 100 multiple-choice questions.
The last test in a series may contain fewer questions if the bank does not divide evenly.
Navigate freely between questions.
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