Professional Documents
Culture Documents
Chapter 1
1
Gold funds
Gold exchange traded fund
Gold sector fund
Any of the above
Gilt funds
Diversified debt funds
Junk bonds schemes
Fixed maturity scheme
Chapter 2
7) Who generally focus on large investors.
a
b
c
d
a
b
c
d
Fund manager
Directors
Sponsors
Custodian
AMFI
SEBI
AMC
SPONSORS
Fund manager
Directors
AMC
None of the above
True
False
AMFI
SEBI
RBI
None of the above
Chapter 3
13) A debt Scheme would need to invest at least ______________.
a
b
c
d
50%
55%
65%
60%
14) The investors can appoint a ____________ who will be entitled to the Units in
the Units in the event of the demise of the investor/s.
a
b
c
d
Agent
Nominee
Any of the above
None of the above
15) Investors shall follow uniform performance reporting on the basis of total
return.
a
b
True
False
Chapter 4
16) AGNI refers to _______________.
a
b
c
7 days
10 days
15 days
30 days
18) In case of NFO of allotment of units or refund of moneys should be done with
in _____________ business days of the closures of the scheme.
a
b
c
d
7 days
10 days
5 days
4 days
2
6
5
3
Chapter 5
21) After passing the examination, to sell the mutual fund the next stage is to
register with AMFI.
a
b
True
False
22) In audio-visual media, the statement Mutual Fund investments are subject
to market risks, read thee offer document carefully before investing should
cover at least ____________ of the total screen.
a
b
c
d
5
6
4
7
sec
sec
sec
sec
Monthly
Weekly
Quarterly
Daily
True
False
NSE
BSE
Both
Either (A) or (B)
Sandeep Kokase:
Chapter 1.
1.The Mutual fund is constituted as
a. A Trust
b. A Private limited company
c. An asset management company
d. A trustee company
2.Investing in Mutual funds offers liquidity to investors.
a.True
b.False
3.Interval funds combine features of both open-ended and close ended schemes.
(a) TRUE
(b) FALSE
4. Investor wants to invest in only treasury bills and government securities. He
will invest in
(a) Actively Managed Funds
(b) Diversified Funds
(c) Sector Funds
(d) Gilt Funds
5.A mutual fund is not
a. A portfolio of stocks, bonds and other securities
b. A company that manages investment portfolios
c. A pool of funds used to purchase securities on behalf of investors
d. A collective investment vehicle
6._____________ linked to a host fund
(a)Foreign Investment Fund
(b) International funds
(c)Feeder Funds
(d) Normal Funds
7. An open-ended fund has to be listed on an exchange.
a.True
b. false
8.Sensex stands for
(a) Securities Index
(b) Sensitive Index
(c) SEBI Securities
(d) Sector Index
9.ETFs are
(a) Exchange Tradable Funds
(b) Exchange & Traded Funds
(c) Exchange Traded Funds
(d) Exchange Trading Funds
Chapter 2
1.___________ are the main people behind the mutual fund operation
(a) RTA
(b) AUM
(c) Custodian
(d) Sponsors
2._________have a key role in selling suitable types of units to their clients i.e. the
investors in the schemes
(a) Sponsors
(b) RTA
(c) Distributors
(d) Collecting Bankers
3.Sponsor must hold at least _________% of the AMCs capital
a.20%
b.30%
c.40%
d.50%
4. AMCs net worth has to be at least _________.
a.10crore
b.20crore
c.50crore
5.At least ____ of the trustees / directors on the Board of the trustee company,
would need to be independent trustees [
1 Marks ]
(a) 1/3
(b) 2/3
(c) 4
(d) 1
6.The appointment of an AMC can be terminated by a _______ of the trustees, or
by ____ of the Unit-holders.
(a) 75%,Majority
(b) Majority, Majority
(c) 75%,75%
(d) Majority,75%
7. _______ arranges for the requisite offices and infrastructure, engages
employees, provides for the requisite software, handles advertising and sales
promotion, and interacts with regulators and various service providers.
(a) RTAs
(b) Sponsors
(c) Custodian
(d) AMC
Chapter 3
1. Market Capitalization of a company can be calculated by multiplying the
market price of the company's share by the total number of its outstanding
shares in the market.
(a) TRUE
(b) FALSE
2. for call the money market the regulator is & money market mutual
funds are regulated by ________.
a.RBI, SEBI
b.SEBI, RBI
c.AMFI , RBI
Chapter 5.
1. A passive fund invests in the same securities, in the same proportion as in an
_______.
a.index
b.gold
c.commodities
d.none of above
2. If the interest rate goes up, yield of bonds will go_____.
a.down
b.up
c.no change
3. AMCs pay a trail commission for the period the investment is held in the
scheme.
a.True
b.False
4. Sectoral funds can invest more than 10% of its NAV in a single
company.
a.True
b.False
5. If rating of bond is change from AA- to AAA the price of bond
will_________&
4. Which schemes may have different face value than Rs 10 in the market?
a. older schemes
b. NFO
c. both of them
d. none of them
a. True
b. False
11. Investors can buy units of a close-ended scheme, from the fund, only during
its NFO.
a. True
b. False
Chapter 2
1. Mutual fund is managed by
a. AMC
b. Sponsor
c. Custodian
d. SEBI
3. The unit holders are ___________owners and the trust is the __________owner of
the mutual fund's assets.
a. beneficial, registered
b. indirect, direct
c. registered, beneficial
d. direct, indirect.
4. Distributors need to pass the prescribed certification test, and register with
AMFI.
a. True
b False
Chapter 3
1. SEBI regulates mutual funds, depositories, custodians and registrars & transfer
agents in the country.
a. true
b. false
a. 20% p. a.
b. 15% p.a.
c. 10% p.a.
d. 25% p.a.
4. PAN No. and KYC documentation are compulsory for mutual fund investments
in micro-SIP's
a. True
b. False
Chapter 4
1. Application form is attached to _________.
a. SID
b. SAI
c.KIM
d. None of the above.
2. Under the SEBI guidelines, NFOs other than ELSS and RGESS can remain open
for a maximum of _________ days.
a. 10
b. 15
c. 20
d. 30
Chapter 5
1) FULL FORM OF UTI?
A) UNITED TRUST OF INDIA
B) UNIT TRUST OF INDIA
C) UNION TRUST OF INDIA
4) SEBI has facilitated buying and selling of mutual fund units through the stock
exchanges?
TRUE OR FALSE?
Rahul:
CHAPTER 1
1.Sensex stands for [ 1 Marks ]
(a) Securities Index
(b) Sensitive Index
(c) SEBI Securities
(d) Sector Index
2.A mutual fund is not (1 mark)
a. A portfolio of stocks, bonds and other securities
b. A company that manages investment portfolios
c. A pool of funds used to purchase securities on behalf of investors
d. A collective investment vehicle
3.Interval funds combine features of both open-ended and close ended schemes.
[ 1 Marks ]
(a) TRUE
(b) FALSE
CHAPTER 2
1.Sponsor must hold at least _________% of the AMCs capital
a.20%
b.30%
c.40%
d.50%
2. AMCs net worth has to be at least _________.
a.10crore
b.20crore
c.50crore
3. Who starts the mutual fund?
a) AMC
B) TRUSTEE
C) SEBI
D) SPONSORS
Chapter 3
1. Dividend warrants have to be dispatched to investors within 30 days of
declaration of
the dividend
a.True
b.False
2. NAV has to be published
a.daily
b.weekly
c.monthly.
3. AMFI is an industry body, but not a self-regulatory organization
a.True
b.False
4. Unit holders can hold their units in demat form.
a. True
b. False
5.SRO STANDS OF ?
1)AMC prepares the Offer Document for the NFO. This needs to be approved by
the Trustees and the Board of Directors of the AMC which are also approved by
SEBI?
TRUE OR FALSE
EVERY MONTHS
EVERY 3 MONTHS
EVERY MONTHS
YEARLY
Chapter 5
7) KYD STANDS FOR?
A)KNOW YOUR DOCUMENT
B) KNOW YOUR DEPOSITOR
C) KNOW YOUR DEPOSITORY
D) KNOW YOUR DISTRIBUTOR
9) After passing the examination and completing KYD requirements, the next
stage is to register with AMFI , AMFI alots us ARN ..
ARN STANDS FOR?
A AGENT REGISTRATOIN NO
B ACCOUNT REGISTRATION NO
C AMFI REGISTRATION NO
10) There are SEBI regulations regarding the minimum or maximum commission
that distributors can earn
TRUE OR FALSE?
(However, SEBI has laid down limits on what the total expense (including
commission) in a scheme can be.)
12) A mutual fund distributor is paid UPFRONT commission for as long as the
investors money is held in the fund
TRUE OR FALSE?