1. The value of investment in mutual funds..
- increase gradually every day.
- change with the value of the investment portfolio
- decrease gradually every day
- be volatile in logterm
2. The first ever mutual fund scheme in india was launched in
- 1964
- 1951
- 1970
- 1994
3. Investors buy units of open-ended funds during the continuous offer at the..
- NFO price
- Market Price
- NAV-Based Price
- Face Value
4. The investment objective of which of these funds would be to seek capital appreciation?
- Dividend yield fund
- Growth Fund
- Liquid Fund
- Income Fund
5. If we have a view that gold price will appreciate, which mutual fund schem should we invest in?
- Gold sector
- Gilt edged securities
- Index fund
- Gold ETF
6. One of the advantage if ETF is..
- Investor can see where his money is invested
- these schemes can generate higher returns than mutual fund.
- Investors can buy of sell units on stock exchanges at price that closely track valuation at that time.
- ETF offer tax benefits.
7. Mutual funds are constituted in India as a..
- Companies
- Trust
- Partnership firms.
- NGO
8. Mutual fund sponsorer can be compared to ..
- A depositor in company
- A company director
- Promoter of a company
- CEO
9. Which of these entities enables collection and payment of fund.
- Broker
- Banker
- R&T Agents,
- Custodian
10. The constitutes of mutual fund are appointed with the approval of ..
- Sponsorers
- Trustees
- SEBI
- AMC
11. The apllicable guidelines for mutual funds are set out in SEBI mutual fund regulation, 1996..
- True
- False
12. Sponsorers that are banks are also regulated by..
- AMFI
- Stock Exchanges,
- RBI
- SEBI
13. AMFI code of ethics prescribes that mutual fund scheme portfolios should be managed in interest of
- Identified class of unit holder
- All classes of unit holders
- Retail individual
- Institutional unit holders
14. Although AGNI is mandated. there are no penalties for breach of code of conduct.
- True
- False
15. "To achieve growth by investing in equity and equity related investments, balanced with income generation by investing in debt and money market instruments" is likely to be the investment objective of ___________ .
- Equity fund
- Monty market fund
- Balance fund
- Debt Fund
16. Annual report of AMC should necessarily mention the unclaimed amount and the number of such investors for each scheme.
- True
- False
17. Unit holders enjoy rights to the asset of the funds...
- According to the plan choosed by them.
- as per decided by trustees
- equally for all holders
- in proportion of holding
18. For fund of fund NAV is to be updated online in the website of AMFI and the mutual fund website..
- before 9 pm same day
- before 10 am following day
- bfore 10 pm same day
- bfore 9 pm following day
19. Which of the following is not a mandatory services standard as per SEBI.
- Periodic disclosure of the fund's holding
- Periodic disclosure of AMC'c accounts
- Online purchase and sells of units
- Dispatch of dividend within 30 days
20. Investors can sue trustees for breach of trust.
- True
- False
21. Which of the following is the function of an offer document
- To enable comparison of MFs
- To give the FM's commentary on market
- To report the performance of scheme
- To give investors information about acheme
22. NFO other than ELSS can remain open for _________
- 15 days
- 30 days
- 45 days
- Forever
23. Which of the following contain detail information on the portfolio characteristics and operational features of a scheme?
- Key Information of Memorandum
- Statement of additional information.
- Scheme information document
- Attendum
24. Which of the following is not fundamental attribute of scheme?
- Investment objective
- Name if Fund Manager
- Investment Pattern
- Type of risk profile
25. Which of the following is a synopsis of the offer document?
- Trust deed
- Memorandum of Association
- Statement of additional information
- Key information of memorandum
26. The format of KIM
- Given by SEBI
- Given by AMFI
- Varies to fund to fund
- By Stock Exchange
27. Identify which of these groups of investors is eligible to invest in mutual fund.
- Foreign companies
- PIOs
- OCB
- Foreign Nationals
28. Which of the following groups of investors require investment to be permitted through their constitutes?
- Institutional investors
- Retail individual
- NRI
- HNI
29. Some MF companies allow investors to transact through their website.
- True
- False
30. There is no need for educational qualification to be MF advisor.
- True
- False
31. Distributors are compansated by mutual fund companies primarily through..
- Salaries
- Annual fees
- Share in AMC's profit
- Commission
32. Which of the following statement is true?
- Distributors do not get upfront commission on self business but they get trail commission
- Distributors do not get trail commission on self business but get upfront commission.
- Distributors get upfront and trail on self business
- Distributors do not get upfront and trail on self business.
33. A mutual fund distributor is paid commission for..
- First 5 years of Investment done by investor
- First 3 years of Investment done by investor
- First 10 years of investment done by investor
- As long as investor held the investment
34. The guideline issued by AMFI for intermediaries are known as...
- AGNI
- ACE
- AMFI
- none of above
35. The investment in MF portfolio are carried at
- Face value of portfolio
- cost of investment
- Market value of portfolio
- Book value of portfolio
36. Exit loads are generally lower for large investors.
- True
- Flase
37. Time stamping arrangement is must at..
- Offices of distributors
- AMC offices
- Bank distributor's branch
- AMC offices declared as point of acceptance.
38. SEBI has put a stop on charging ____________ to the scheme.
- Exit load
- Entry Load
- Recurring Expenses
- CDSC
39. Unaudited accounts of the scheme must be published
- through monthly fact sheet
- Only at AMFI website
- Once every six month in one national news paper
- Only on AMC's website
40. Capital gain or loss from mutual fund investment are classified as a short term if investment are solf within
- 9months
- 6 months
- 12 months
- 13 months
41. An investor invested Rs.100000/- in a 370 day FMP and got Rs. 107750/-, what is capital gain in this case?
- 7750
- 750
- insufficient details
- 10% Plussurcharge or 20% after index benefit
42. Which of the following is true
- STT is payable when investor purchase equity MF
- STT is payable when investor Sale equity MF
- STT is payable when investor purchase debt MF
- STT is payable when investor sale debt MF
43. Liquid funds can not charge management fees of funds parked in a short term bank deposits.
- True
- False
44. STT is charged on
- Equity share trading
- Derivatives trading
- Equity MF
- All of the above
45. Which of the following is varified for companies with KYC norms.
- Proof of investment
- Proof of Identity and address
46. The information on minimum investment amount, investor's service centres, and how to make purchase is provided in..
- Application form
- Nomination Form
- KIM
- Offer document
47. Which of the following document is not require to be submitted by charitable trust to invest in MF?
- Trust deed
- List of authorized signatures
- Board resolution
- Memorandum and article of association
48. SIP is a good investment strategy because..
- Investor gets units at a discount to NAV
- It offers benefits of rupee cost averaging
- It helps regular income for investor
- No load investment done
49. Relaxation from documentation requirements for micro SIP is available for..
- Individual other than NRI and PIOs
- Individual including NRI & PIO
- NRI
- PIO
50. NRI can not make repartriable investment in MF using demand draft.
- True
- False
51. An investor plans to invest Rs.12000 in a scheme whos NAV is 12 and FV is 10, how many units is he likely to be obtained.
-
- increase gradually every day.
- change with the value of the investment portfolio
- decrease gradually every day
- be volatile in logterm
2. The first ever mutual fund scheme in india was launched in
- 1964
- 1951
- 1970
- 1994
3. Investors buy units of open-ended funds during the continuous offer at the..
- NFO price
- Market Price
- NAV-Based Price
- Face Value
4. The investment objective of which of these funds would be to seek capital appreciation?
- Dividend yield fund
- Growth Fund
- Liquid Fund
- Income Fund
5. If we have a view that gold price will appreciate, which mutual fund schem should we invest in?
- Gold sector
- Gilt edged securities
- Index fund
- Gold ETF
6. One of the advantage if ETF is..
- Investor can see where his money is invested
- these schemes can generate higher returns than mutual fund.
- Investors can buy of sell units on stock exchanges at price that closely track valuation at that time.
- ETF offer tax benefits.
7. Mutual funds are constituted in India as a..
- Companies
- Trust
- Partnership firms.
- NGO
8. Mutual fund sponsorer can be compared to ..
- A depositor in company
- A company director
- Promoter of a company
- CEO
9. Which of these entities enables collection and payment of fund.
- Broker
- Banker
- R&T Agents,
- Custodian
10. The constitutes of mutual fund are appointed with the approval of ..
- Sponsorers
- Trustees
- SEBI
- AMC
11. The apllicable guidelines for mutual funds are set out in SEBI mutual fund regulation, 1996..
- True
- False
12. Sponsorers that are banks are also regulated by..
- AMFI
- Stock Exchanges,
- RBI
- SEBI
13. AMFI code of ethics prescribes that mutual fund scheme portfolios should be managed in interest of
- Identified class of unit holder
- All classes of unit holders
- Retail individual
- Institutional unit holders
14. Although AGNI is mandated. there are no penalties for breach of code of conduct.
- True
- False
15. "To achieve growth by investing in equity and equity related investments, balanced with income generation by investing in debt and money market instruments" is likely to be the investment objective of ___________ .
- Equity fund
- Monty market fund
- Balance fund
- Debt Fund
16. Annual report of AMC should necessarily mention the unclaimed amount and the number of such investors for each scheme.
- True
- False
17. Unit holders enjoy rights to the asset of the funds...
- According to the plan choosed by them.
- as per decided by trustees
- equally for all holders
- in proportion of holding
18. For fund of fund NAV is to be updated online in the website of AMFI and the mutual fund website..
- before 9 pm same day
- before 10 am following day
- bfore 10 pm same day
- bfore 9 pm following day
19. Which of the following is not a mandatory services standard as per SEBI.
- Periodic disclosure of the fund's holding
- Periodic disclosure of AMC'c accounts
- Online purchase and sells of units
- Dispatch of dividend within 30 days
20. Investors can sue trustees for breach of trust.
- True
- False
21. Which of the following is the function of an offer document
- To enable comparison of MFs
- To give the FM's commentary on market
- To report the performance of scheme
- To give investors information about acheme
22. NFO other than ELSS can remain open for _________
- 15 days
- 30 days
- 45 days
- Forever
23. Which of the following contain detail information on the portfolio characteristics and operational features of a scheme?
- Key Information of Memorandum
- Statement of additional information.
- Scheme information document
- Attendum
24. Which of the following is not fundamental attribute of scheme?
- Investment objective
- Name if Fund Manager
- Investment Pattern
- Type of risk profile
25. Which of the following is a synopsis of the offer document?
- Trust deed
- Memorandum of Association
- Statement of additional information
- Key information of memorandum
26. The format of KIM
- Given by SEBI
- Given by AMFI
- Varies to fund to fund
- By Stock Exchange
27. Identify which of these groups of investors is eligible to invest in mutual fund.
- Foreign companies
- PIOs
- OCB
- Foreign Nationals
28. Which of the following groups of investors require investment to be permitted through their constitutes?
- Institutional investors
- Retail individual
- NRI
- HNI
29. Some MF companies allow investors to transact through their website.
- True
- False
30. There is no need for educational qualification to be MF advisor.
- True
- False
31. Distributors are compansated by mutual fund companies primarily through..
- Salaries
- Annual fees
- Share in AMC's profit
- Commission
32. Which of the following statement is true?
- Distributors do not get upfront commission on self business but they get trail commission
- Distributors do not get trail commission on self business but get upfront commission.
- Distributors get upfront and trail on self business
- Distributors do not get upfront and trail on self business.
33. A mutual fund distributor is paid commission for..
- First 5 years of Investment done by investor
- First 3 years of Investment done by investor
- First 10 years of investment done by investor
- As long as investor held the investment
34. The guideline issued by AMFI for intermediaries are known as...
- AGNI
- ACE
- AMFI
- none of above
35. The investment in MF portfolio are carried at
- Face value of portfolio
- cost of investment
- Market value of portfolio
- Book value of portfolio
36. Exit loads are generally lower for large investors.
- True
- Flase
37. Time stamping arrangement is must at..
- Offices of distributors
- AMC offices
- Bank distributor's branch
- AMC offices declared as point of acceptance.
38. SEBI has put a stop on charging ____________ to the scheme.
- Exit load
- Entry Load
- Recurring Expenses
- CDSC
39. Unaudited accounts of the scheme must be published
- through monthly fact sheet
- Only at AMFI website
- Once every six month in one national news paper
- Only on AMC's website
40. Capital gain or loss from mutual fund investment are classified as a short term if investment are solf within
- 9months
- 6 months
- 12 months
- 13 months
41. An investor invested Rs.100000/- in a 370 day FMP and got Rs. 107750/-, what is capital gain in this case?
- 7750
- 750
- insufficient details
- 10% Plussurcharge or 20% after index benefit
42. Which of the following is true
- STT is payable when investor purchase equity MF
- STT is payable when investor Sale equity MF
- STT is payable when investor purchase debt MF
- STT is payable when investor sale debt MF
43. Liquid funds can not charge management fees of funds parked in a short term bank deposits.
- True
- False
44. STT is charged on
- Equity share trading
- Derivatives trading
- Equity MF
- All of the above
45. Which of the following is varified for companies with KYC norms.
- Proof of investment
- Proof of Identity and address
46. The information on minimum investment amount, investor's service centres, and how to make purchase is provided in..
- Application form
- Nomination Form
- KIM
- Offer document
47. Which of the following document is not require to be submitted by charitable trust to invest in MF?
- Trust deed
- List of authorized signatures
- Board resolution
- Memorandum and article of association
48. SIP is a good investment strategy because..
- Investor gets units at a discount to NAV
- It offers benefits of rupee cost averaging
- It helps regular income for investor
- No load investment done
49. Relaxation from documentation requirements for micro SIP is available for..
- Individual other than NRI and PIOs
- Individual including NRI & PIO
- NRI
- PIO
50. NRI can not make repartriable investment in MF using demand draft.
- True
- False
51. An investor plans to invest Rs.12000 in a scheme whos NAV is 12 and FV is 10, how many units is he likely to be obtained.
-