Q.1 Ownership of a Mutual Fund by a Unit Holder is ?
Ur ans is
Beneficial
Correct Anse is
Mutual and Beneficial
Q.2 Direct investing in equity share than to invest through Mutual Fund is advantageous because
Ur ans is
All the above
correct ans is
All the above
Q.3 Account Policies of Mutual Fund laid down by
Ur ans is
correct ans is
SEBI
Q.4 NAV Means
Ur ans is
Face Value of Units / No. of Units
correct ans is
(Market Value of Assets – Liabilities)/ units outstanding
Q.5 When you keep deposit with bank
Ur ans is
You are creditor of bank
correct ans is
You are lender of bank
Q.6 NFO units can be purchased from
Ur ans is
Mutual Fund itself
correct ans is
Mutual Fund itself
Q.7 Birth place of Mutual Fund was
Ur ans is
United States of America
correct ans is
United Kingdom
Q.8 Correct definition of Mutual Fund is
Ur ans is
It is an intermediary
correct ans is
It is an intermediary
Q.9 Which is second MF in India (formed by)
Ur ans is
State Bank of India
correct ans is
State Bank of India
Q.10 Assets under management of Mutual Funds as of 2004-05 is
Ur ans is
153000 crores
correct ans is
153000 crores
Q.11 After 2004 the
Ur ans is
it is a consolidation and growth of Mutual Funds
correct ans is
it is a consolidation and growth of Mutual Funds
Q.12 In 1999, a change happened for Mutual Fund industry was
Ur ans is
Dividend made tax free
correct ans is
Dividend made tax free
Q.13 For Mutual Fund Industry in Feb’2003, important development happened is
Ur ans is
Creation of level playing field
correct ans is
All the above
Q.14 Private Mutual Funds started functioning from
Ur ans is
1996
correct ans is
1993
Q.15 Which is correct
Ur ans is
UTI MF was established by an act of parliament
correct ans is
UTI MF was established by an act of parliament
Q.16 Deep discount bonds are well explained as
Ur ans is
Amt. of maturity is at face value & no income is given in between
correct ans is
Amt. of maturity is at face value & no income is given in between
Q.17 A bond having coupon rate 9 % , when current coupons for bonds of similar maturities are 11% will sell
Ur ans is
Above face value
correct ans is
Below face value
Q.18 A person purchases 200 units of a mutual fund at NAV of Rs. 12/- each. There was no entry load. The fund purchased securities worth Rs. 2400 using this money. After one year the fund had 20,000 units. The value of unitholder's holding in that mutual fund would be
Ur ans is
1 % of the net assets of the fund at that time
correct ans is
1 % of the net assets of the fund at that time
Q.19 A No load bond fund of size 200 Cr AMC Can deduct as investment advisory fee
Ur ans is
2 Crore
correct ans is
4 Crore
Q.20 Sponsor can
Ur ans is
Can act as distributor of fund
correct ans is
Can take all the above activities
Q.21 An agent/distributor should abide by code of conduct because
Ur ans is
AMC impose them to do so
correct ans is
It is good for good business
Q.22 Code of conduct for Mutual Fund given by
Ur ans is
AMFI
correct ans is
AMFI
Q.23 Fixed Term Plan well defined as have characteristic as
Ur ans is
All of above
correct ans is
All of above
Q.24 A NAV of a fund is 40. After a year it became 44, then annual average change in NAV is
Ur ans is