Professional Documents
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What do you mean by Net Asset Value (NA V)? Discuss how to calculate
NAV of a fund
Question No: 1
A mutual fund cannot have ________ liabilities on its balance sheet.
Long Term
Short Term
Contingent
Current
Question No: 2
All investments of Rs _______ and above need to comply with KYC Documentation
1,00,000
5,00,000
10,000
50,000
Question No: 3
An investors holding in a mutual fund is denoted in _________.
Shares
Bonds
Units
Debentures
Question No: 4
The value of the unit goes up or down depending on the ______________ .
Underlying securities
Sensex
Nifty
Inflation
Question No: 5
The AUM of the fund is the market value of its portfolio. This less the fund raising expenses and
_________ of the fund is the Net Assets of the fund.
Long Term
Short Term
Contingent
Current
Question No: 6
Mutual Fund agents/distributors are not allowed to sell Financial Products other than Mutual
Funds
True
False
.
.
Question No: 7
Dividends distributed by mutual funds are
Taxed at source
Taxed in the hands of the investors
Question No: 8
Which of the following is not a characteristic of company fixed deposits
Question No: 9
An equity oriented scheme has at least ______% of assets in equity.
85
80
65
60
Question No: 10
Liquid funds have more than ____% invested in instruments with maturities of less than one
year
100
90
95
98
Question No: 11
The _______ are responsible for protecting the interest of the investors in the mutual fund.
Sponsors
Trustees
Fund Managers
Custodians
Question No: 12
At least _______ of the trustees must be independent of the sponsor.
2/3rd
1/3rd
All
Question No: 13
The functioning of the AMC is overseen by the _______.
Sponsors
Trustees
Fund Managers
Custodians
Question No: 14
An AMC must have a minimum net worth of __________ at all times.
Rs 10 Crores
Rs 100 Crores
Rs 1000 Crores
Rs 25 Crores
Question No: 15
The Apex regulator of the securities markets is ________.
SEBI
RBI
RTA
AMFI
Question No: 16
________ insists on the registration of market participants under the specific regulations.
SEBI
RBI
RTA
AMFI
Question No: 17
The securities that a fund invests in depend upon its ________.
AMC
Corpus
Fund Manager
Investment objective
Question No: 18
Marking to market is the process of valuing the security at ______.
Book value
Market value
Face value
Net value
Question No: 19
The type of expenses that can be charged to a fund and the limit is decided by _______.
SEBI
RBI
RTA
AMFI
Question No: 20
Mutual funds have lower risks because of ________ & _______.
Question No: 21
The expenses are charged to the fund on a ______ basis.
Daily
Monthly
Yearly
Quarterly
Question No: 22
The NAV of a mutual fund :
is always constant
Question No: 23
An open-ended mutual fund is one that has :
Question No: 24
An investor in a close-ended mutual fund can get his/her money back by selling his/her units:
Question No: 25
The "load" charged to an investor in a mutual fund is
entry fee
Question No: 26
Units from an open-ended mutual fund are bought
on a stock exchange
from the fund itself
from AMFI
from a stock broker
Question No: 27
"Load" cannot be recovered
Question No: 28
The most important advantage of a money market mutual fund is
Question No: 29
Some close-ended funds are quoted at a discount to their NAV because
Question No: 30
The greatest potential for growth in capital is offered by
debt funds
gilt funds
growth funds
balanced funds
Question No: 31
A Systematic Withdrawal Plan, allows investors to get back the principal amounts invested in
addition to the income on investment
True
False
.
.
Question No: 32
Constraints imposed by most funds on check writing are:
Account balance should not fall below the minimum capital required
Checks issued must be for at least the minimum amount specified
Number of checks per month must not exceed a specified number
Both a & b above
Question No: 33
The performance of a fund is largely measured by the success of
Question No: 34
Generally invest in
unlisted
market-traded
thinly traded
privately placed
Question No: 35
Which of the following is not an equity instrument
preference shares
equity warrants
ordinary debentures
convertible debentures
Question No: 36
The drawback of an ordinary share is
Question No: 37
The amount of authority enjoyed by a self-regulatory organisation is defined by
AMC
Its own members
RBI
Question No: 38
The role of AMFI in the mutual funds industry is not to
Question No: 39
The rights of investors in a mutual fund scheme are laid down in
Question No: 40
After dividend declaration, unit-holders are entitled to receive dividend within
one week
one month
42 days
six weeks