n NISM Certifications
X NISM Series X
Medium

Mr. Mohan has deposited Rs. 5 lakhs with a fund manager. Out of this amount, the fund manager has invested Rs. 2.5 lakhs and earned Rs. 60000. What is the effective return for Mr. Mohan?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. 12%

    Correct answer

  2. B

    24%

  3. C

    9%

  4. D

    -18%

Why this is the answer

Return = Rs 60,000 / Rs 5,00,000 × 100 = 12%

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