Free online practice test
NAV and Returns Calculations Sectional Test 1
NISM · NISM Series V-A: Mutual Fund Distributors Certification Examination
Syllabus-checked original practice
Mapped to the official Series V-A: Mutual Fund Distributors syllabus and answer-checked on 15 August 2026.
View official syllabus sourceBefore you begin
- 1This sectional test contains 10 original NAV and Returns Calculations questions.
- 2Each wrong answer deducts marks using the scoring rule shown above. Unattempted questions score zero.
- 3You can mark a question for review and come back to it later using the question palette.
- 4The timer starts as soon as you click "Start test" and the test auto-submits when time runs out.
- 5You can review your answers and explanations for every question immediately after submitting.
About this NISM NAV and Returns Calculations sectional test
This sectional test isolates NAV and Returns Calculations from the NISM Series V-A: Mutual Fund Distributors pattern, so you can drill it on its own instead of only meeting it inside the full mock. It draws 10 original practice questions across 10 distinct topics, syllabus-checked the same as our full mocks.
Topics covered
Absolute Return
1 question
Annualized Return
1 question
CAGR
1 question
Expense Ratio Impact
1 question
Holding Value Change
1 question
NAV Calculation
1 question
Portfolio Valuation
1 question
Redemption Value
1 question
Units Allotted
1 question
Units to Redeem
1 question
Scoring and result analysis
Correct answers earn 1 mark and wrong answers deduct 0 marks. Unattempted questions score zero. This section's 10 questions are difficulty-tagged: 5 easy, 5 medium. After submitting, you receive topic-wise accuracy, time spent, answer explanations, and source links.
Frequently asked questions
Is this an official NISM question paper?
No. It's an independent practice test with original NAV and Returns Calculations questions, mapped to the official NISM Series V-A: Mutual Fund Distributors syllabus and answer-checked on 15 August 2026.
How many questions are in this NAV and Returns Calculations sectional test, and how long is it?
10 questions in 12 minutes.
Which topics does this test focus on?
It spans 10 topics, with the heaviest coverage on Absolute Return, Annualized Return, and CAGR.
Is there negative marking in this test?
No. This section carries no negative marking, so a wrong answer costs nothing beyond the mark you missed.