PRACTICE KIT – PAPER 1

No. QUESTION OPTION A OPTION B

1 A mutual fund distributor is paid commission for.. First 5 years of Investment done bFirst 3 years of Inves

2 The guideline issued by AMFI for intermediaries are known as... AGNI ACE

3 The investment in MF portfolio are valued at Face value of portfolio cost of investment

4 Exit loads are generally lower for large investors. TRUE FALSE

5 Time stamping arrangement is must at.. Offices of distributors AMC offices

6 SEBI has put a stop on charging                            to the scheme. Exit load Entry Load

7 Unaudited accounts of the scheme must be published through monthly fact sheet Only at AMFI websi

8 Capital gain or loss from mutual fund investment are classified as a short term i 9 months 6 months

9 An investor invested Rs.100000/in a 370 day FMP and got Rs. 107750/-, what is c 7750

10 Which of the following is true STT is payable when investor pur STT is payable when

11 Liquid funds can not charge management fees of funds parked in a short term baTRUE FALSE

12 STT is charged on Equity share trading Derivatives trading

13 Which of the following is not required for KYC norms. Proof of investment Proof of Identity

14 The information on minimum investment amount, investor's service centers, andApplication form Nomination Form

15 Which of the following document is not require to be submitted by charitable tr Trust deed List of authorized sig

16 SIP is a good investment strategy because.. Investor gets units at a discount It offers benefits of r

17 Relaxation from documentation requirements for micro SIP is available for.. HUF Non Individual

18 NRI can not make repartition investment in MF using demand draft. TRUE FALSE

19 An investor plans to invest Rs.12000 in a scheme whose NAV is 12 and FV is 10,

<1000
An investor is doing a liquid investment, fund is available and time is
20 12.30. NAV would be applicable for the                    Next working day Same day

21 Investor invest 50 lakh in GILT at 3.30 pm with a local cheque. he gets NAV ofClosing NAV of day fund are avaiSame day

22 Time stamping needs to start with serial no 1 on every business day. TRUE FALSE

23 Funds pay dividend in Dividend Option Dividend Re-Investm

24 Offering for repurchase, constant amounts worth of units at regular interval basisSIP STP
25 A company's PE ratio may be low because it is unlikely to replicate it's past pe TRUE FALSE

26 Fundamental analysts are called "Chartists" TRUE FALSE

27 If absolute return was 2.4% over 50 days, annualized return would be                            0.05

28 In case of liquid fund, investment less than 3 months old. which return would beTotal return CAGR

29 In case of equity fund, if fund has higher allocation to cash in bullish market theBe comparable to that of benchmaBe worse than bench

30 CRISIL's indicator for highest safety in a debenture is AAA High

31 During the period of turmoil, gold prices Go down Go up

32 Performance of fund must always be measured relative to the. Index Benchmark

33 Difference between scheme's actual return and optimal return for it's risk is Sharpe Treynor

34 While evaluating return for an index fund across a peer group, which of the fol BETA Coefficient Past performance

35 Balance funds are for Aggressive investors highly aggressive inv

36 The lower risk among equity fund is Index Fund Value Fund

37 Probabilities of losing money in equity is negligible if investment horizon is for 6 months 5 years

38 Returns in international fund is dependent on Exchange rates Asset class performa

39 Mutual funds in India are not permitted to invest in Gold Real estate

40 A value fund is expected to have                   exposure to front line stocks Entire High

41 Index funds are safer because their NAV does not go down TRUE FALSE

42 Which of the followings are least comparable Liquid and Savings account Liquid and Current a

43 An investor seeking capital appreciation, having high risk tolerance and long te Bonds Bank FD

44 Credit rating enables an investors to judge the Duration of loan Extent of securities a

45 Which of the following is not government saving scheme? Infrastructure Bonds RBI Bonds

46 An investor looking for capital appreciation, having a high risk tolerance and l Bank FD Equity

47 Which of the followings is physical asset? Securised debt Real estate

48 In new pension scheme(NPS) Tier I account new pension scheme is called pensTRUE FALSE

49 Investor in MF can choose asset class but not investment manager TRUE FALSE
50 Financial Planning Involves Helping client to select the out pe Assessing the clients

51 Value stocks Have high current dividend Yield high growth in

52 A better performance than the return on index is given by Passive fund manager An active fund mana

53 Emerging or new channel for distributors/marketing of mutual funds in India is Internet Stock Exchange

54 Trail commission means paying No commission at all The entire commissi

55 Agents are compensated by mutual funds Through salaries Through commission

56 The fund sponsors should have a sound financial track record of 7 years 5 years

57 Which of the following are self regulatory organization(SRO) BSE SEBI

58 Bank owned mutual fund are supervised by SEBI Jointly by SEBI & R

59 A passive fund manager Researches stocks extensively Does not buy and se

60 Debt securities bought at a discount to their face value are generally Interest bearing Zero coupon bonds

61 When interest rates rise, bond prices Also rise Are not affected

62 The maturity period of RBI relief bonds is 5 years 7 years

63 A trail commission is justified when An investor cancels his investmenThe investor redeem

64 A debt fund distributes 10% dividend . how much tax does the investor have to 0.1

65 What is the current PPF rate 8.00 Percentage 8.50 Percentage

66 What is the recurring expense on first 100 cr for equity schemes 2.00 Percentage 1.75 Percentage

67 Risk adjusted return is measured by Sharpe ratio Standard deviation

68 Intra day trading can be done on the basis of- Fundamental analysis Technical analysis

69 Mid cap stocks are risky in the time of Boom Recession/Economic

70 Who Appoints the AMC Custodian R&T

71 Which of the following has lowest risk Liquid fund (mmmf) Gilt funds

72 Long term capital gains in a debt fund without indexation for an investor is 0.1

73 What of the following is not a reason for investor to prefer mutual fund over B Tax benefits Possibility of capital

74 In the NPS each investment manager appoints own distributor TRUE FALSE
75 Need of Life insurance in life is Must Not required

76 All investor have similar requirements at similar stage in the life/wealth cycle TRUE FALSE

77 Name of asset allocation strategy if it is fixed @ 50 % Tactical Allocation Strategic Allocation

78 Model portfolio should be determined based on commission income possibility T

f RUE FALSE

79 Which of the following is true for model portfolio Stipulated by SEBI Guaranteed by AMC

80 As the no of earning member in a family increases risk appetite Increases Decreases

81 Equity investment through sip can be suggested for investor looking for Long term growth Short term target

82 How to compare index fund performance expenses

83 What type of bond fund carries least interest rate risk Short term bonds Long term Bonds

84 Arbitrage fund are not equity fund TRUE FALSE

85 Which of the following is true for FMP NAV do not fluctuate Capital Guaranteed

86 Index funds are                             fund Passive fund Active fund

87 The role of insurance is more critical for physical assets than financial assets TRUE FALSE

88 When price of gold goes up a buyer of gold future contract see it's value Go up Go down

89 The investment portfolio is created based on Market views of fund manager Investment objective

90 Commodities as an asset class does not include Food crops Industrial metals

91 Subsequent to NFO, open ended funds are open for purchase by existing inv open for purchase on

92 If a fund seeks to grow in value overtime it can be said that it's investment objeccapital appreciation safety of capital

93 Hybrid funds are invested in across equity market capitalizationInternational market

94 Mutual fund are constituted in India as Companies Trusts

95 Mutual Fund sponsor can be compared to Depositor of a company Company director

96 Which of the following is not a function of R&T agent Creating maintaining and updatingUpdating unit capita

97 Prior approval of SEBI needs to be taken before a person is appointed as trusteeTRUE FALSE

98 Person, other than Indian residents, should also comply with RBI guidelines forTRUE FALSE

99 The first step of financial planning is Evaluating the various alternativesdata gathering and g
PRACTICE KIT – PAPER 2
No. QUESTION OPTION A

1 In case of market correction                 , takes more hit than                 Fund. Growth , Value

2 Sponsor's net worth should be positive for Last 5 years

3 At time of NFO, which document compulsorily filed with SEBI SID

4 Collection and payment of fund is a responsibility of Custodian

5 Other than Indian residents, rest have to also comply RBI regulations TRUE

6 Which of the following not included in KIM Details of Key personal of AMC

7 Function of OD is Give detailed information about sch

8 What should be the Sector Fund Allocation for a single income family having small in 0

9 Which expense can be not charged to scheme? Expenses on investor communicati

10 Low PE indicates that stock is cheap and you should buy it TRUE

11 Which of the following need not be included in KIM? Detail of sponsor

12 As per income tax act, Arbitrage Funds are taxed as per debt scheme TRUE

13 Which is purely treated as an international asset Equity

14 Transfer of security from one scheme to another scheme is allowed in MF TRUE

15 Calculate the sales price of a unit when NAV is 15 and exit load 1% 15

16 If you get a cheque of 1 cr in a Gilt Fund at 2.30 pm, NAV date will be NAV at 2.30pm

17 Who allots Amfi Registration Number? AMFI

18 Which distribution channel don't have a huge branch network? Institution

19 Dividends in the hands of investors are taxable at the rate of 0.1

20 Last step in the process of designing model portfolio Sector selection

21 Goal based approach of financial planning focuses on Risk profiling

22 What is the rate of return of PPF 20 Percentage

23 What is the indicator of the risk adjusted performance ratio? Beta

24 Interest Rate sensitivity in Bond fund depends on Credit Profile

25 SEBI doesn't allow passing of commission to Distributor

26 If you get a 50L in equity fund at 3:30 pm today,investor will get the NAV of Yesterday
27 Index against which performance of a fund is measured, is called Tracking Error

28 FMP are essentially a closed ended Scheme TRUE

29 The information regarding Which category of investors can invest in MF, is given in Offer document

30 Who can not be the distributor of the AMC IFA

31 Asset allocation means Putting all eggs in Same basket

32 MIP is a Debt Scheme TRUE

33 Asset allocation should be in line with Financial Goal

34 A young investor having objective of capital appreciation should invest in GILT

35 In NPS class-C predominantly invests in Equity

36 Fund's risk relative to market is measured by tracking error

37 Which one is false about debenture Issued by PSU

38 Investor has read the OD and then the invested in the fund and fund goes down, then Gets remedy from SEBI

39 STT charge on equity Derivatives

40 Which function AMC can't do in house Custodian

41 Value of Bond goes down when Interest rate goes down

42 Which one is not exempted in wealth tax Gold sector fund

43 Institutional distributors needs to be Registered with SEBI

44 Standard risk are Uncommon to all

45 Request for purchase can be made In units and amount

46 In NPS investors get choice of the asset class but don't get choice of investment manaTRUE

47 In case of online transaction, transaction time is applicable Time shown in the computer of inve

48 If investors invest through demat can AMC asks for KYC requirement TRUE

49 According to the asset allocation rule, equity exposure should be equal to Age

50 Mutual fund is made up of Pool of trustees fund

51 Who can not invest in mutual funds? Foreign companies

52 Which is same as of OD? SID

53 Mutual fund distributor in India are member of AMFI. TRUE

54 Mutual fund in India is regulated by SEBI(Mutual Fund) act 1996. TRUE

55 Which of the following is appointed by trustee? Custodian

56 KIM has to be updated Twice in a year

57 Which of the following is more risky? Liquid fund

58 Material changes in KIM need to be updated once in a year

59 If an investor wants full exposure of gold his investment should be into Gold ETFs

60 If an investor invest 1 lakh rupees in a debt fund after 365 days it's value is 107756/ 0.0775

61 If an investor invest Rs.100,00,000 in Equity MF Scheme at 3.30 pm through outstat Same day closing value

62 Trail commission to advisor helps in -- Retaining the investor for long term

63 Exit load                         Is ame for all schemes

64 Which fund is an actively managed fund? Index fund

65 Arrange in correct sequence Risk profile, fund allocation, portfo

66 Which of the following is against the ethics & Code of conduct guide line of AMFI Churning investor's money to get bet

67 Minimum contribution of a sponsor in an AMC should be- 0.5

68 PAN card is not required in case of- NRI

69 FMP can give better interest than a Bank Deposit. TRUE

70 The insurance associated with new pension schemes are regulated by- PFRDA + IRDA

71 In India mutual funds are- Govt. institutions

72 Initial issue expenses in a liquid fund has to be- 0

73 A schemes NAV value increases for the period of 2 yrs . it will show- Absolute return

74 In KIM it has been mentioned that the 65% investment will be in equity and equity rela
Policy of scheme

75 KIM is attached with ? Transaction slip

76 Which is technical analysis- Volume & price behavior

77 Who keeps detail report of transaction- Custodian

78 Formula to find out the Standard Deviation in excel is stdev

79 Time stamp machine contains- Time stamping serial no

80 The expected return & yield of the scheme is mentioned in KIM TRUE

81 How frequently NAV of an equity scheme are calculated Daily

82 If beta of a scheme is less than one the the fund is- More risky compare to market
 83 What is not true objective of life insurance- Risk coverage

84 Unit capital is issued at- 10

85 Fund management cost is more in- Passive fund

86 Independent trustee are appointed by- Sponsor

87 Distributors are paid- Commission

88 KYC is required for- Guardian in case of minor

89 KYC is compulsory - For every investment

90 Formula for CAGR calculation is Interest * No of years

91 The NAV of a fund is 15 applicable exit load is 1%, purchase NAV would be- 14.85

92 In case of breach of Code of conduct license is canceled by- AMFI

93 Which is true in case of PPF? Partial withdrawal facility is availa

94 A fixed term plan series is- As open ended fund

95 The P/E ratio is an important measure of a company's anticipated performance. it is caMarket price and dividend

PRACTICE KIT – PAPER 3

No. QUESTION OPTION A OPTION B

1 Which one of the following is not an eligible investor? Insurance Companies Govt Institutions

2 For a customer holding units in demat , the AMC also requires to do hi TRUE FALSE

3 Which investment below gives international exposure International Funds Gold Fund

4 On doing risk profiling which asset allocation does it give ? Strategic Asset Allocation Fixed Asset Allocation

5 In a balance fund with net assets of 750 crores what is the expenses that 10.13

6 I invest Rs 50 lacs at 2.30 pm with a local cheque for funds other than Next day NAV Same days closing NAV

7 What is the DDT for an individual in liquid fund ? 0.25

8 If client invest in liquid fund at 11.30 am and the fund gets cleared on Next day NAV Closing NAV of the day

9 What is true about premium paid in a life insurance company ? Customer can decide premium Premium can be availed

10 The person with whom the units are pledged is known as Pledger Pledgee

11 What is the highest expense ratio in a Fund of Fund scheme ? 0.0225

12 SEBI is sole regulatory authority for MF are answerable TRUE FALSE

13 How is company fixed deposit compare to bank fixed deposit ? Low Risk Highly Volatile
14 Within how many days the dividend warrants to be dispatched on declara 15

15 A distributor needs different ARN for each AMC ? TRUE FALSE

16 A conservative investor need not be advised to invest in ? Gilt Fund Liquid Fund

17 The New Pension scheme is both regulated IRDA and PFRDA as it has aTRUE FALSE

18 Which is the fastest way of remitting funds on real time basis? NEFT D/D

19 Which of the following is a financial asset ? Govt Security Gold

20 Which of the following is an SRO ? AMFI SEBI

21 NFO other than ELSS can remain open for maximum                       7 days 15 days

22 In NFO the account statement is to be dispatched within – days on cl 5 days 15 days

23 Companies issuing short term debt is called CD Tbills

24 Within a category one can decide on investments based on Sharpe Ratio TRUE FALSE

25 Which of the following exempt from DDT ? Equity Oriented Fund Liquid Fund

26 The arbitrage funds are taxed like debt funds TRUE FALSE

27 Which of the below is not in a Transition phase ? Buying of house Providing for daughter m

28 The NAV of scheme is impacted by ? No of Investors Unit Capital

29 Technical analysis is projecting trend based on human behavior ? TRUE FALSE

30 Sub distributors work with Online platform Banks

31 Initial issue expense that can be charged to fund NIL

32 According to Performance Advertisements the return shown for equity fuAnnualised Yield Simple Return

33 In New Pension Scheme portfolio of Assets class E predominantly invesEquity debt

34 Expense ratio is most important in case of Index Fund Offshore Fund

35 Code of ethics for employees of AMC is described by SEBI AMFI

36 Recurring expenses in Equity scheme has a limit up to 0.015

37 In Transition phase of Wealth Cycle investor tends to increase the proportion of                 assets
Equity in his portfolio. Liquid

38 Which of the following is a Financial Asset? Gold Real State

39 Index fund can give better returns from its Benchmark. TRUE FALSE

40 The young BPO executives should not be advised to invest in long term sc
TRUE FALSE

41 Term “Stock picking” is used in which of the following? Bottom up approach Top down approach

42 What is the applicable rate of STT in case of repurchase of Equity sche 0.0013
43 Market value is 152 crore, Dividend accrued but not received= 8 crore, l 200

44 Investor selects an MF based on Investment Philosophy Investment Strategy

45               has been appointed by Trustee Custodian R&T

46 Risk May be defined as Asset Allocation High Transaction Cost

47 Financial Planner defines that client does not have resources to meet goaInform the Client Avoid telling as client w

48 Which of the following account in NPS is a Saving Account Tier I Tier II

49 Mutual Fund is exempted from Wealth Tax TRUE FALSE

50 KYC is required for investment more than 20000

51 If a minor Invests Rs 10,000 in MF, KYC is needed or not KYC for Minor is needed only if inv KYC for Minor is neede

52 Since Preparation of WILL is a long process, it has to be avoided TRUE FALSE

53 Close ended fund allows investors to sale their units By allowing fixed number of Units toBy selling number of uni

54               Allots the ARN Number AMC SEBI

55 Application for MF would be rejected if paid in Cheque DD

56 Mutual Fund Investor can't pledge units TRUE FALSE

57 Change in the value of NAV is Standard Risk Systematic Risk

58 Which one is called cum-dividend NAV? NAV on the date when trustee approvNAV of the date when n

59 When scheme is first launched and investor invests in MF... it is called NFO IPO

60 KIM Document is a summary of SID SAI

61 If investor invests in a Guilt fund at 3:30 p.m., he would get the units Current NAV Previous Days NAV

62 If investor invests in a Equity fund at 3:30 p.m., he would get the units Same day NAV NAV of Next Business D

63 The guideline issued by AMFI for intermediaries are known as AGNI ACE

64 Time stamping arrangements is must for Offices of Distributors AMC Offices

65 Unaudited accounts of the scheme must be published in the news paper Every 3 months Every 6 months

66 An Investor Invests Rs 100000 in a 365 days FMP and got Rs 107750, wha 7750

67 STT is charged on Equity Share Trading Derivative Trading

68 An investor plans to invest Rs 12000 in a scheme whose NAV is Rs 12, h<1000

69 Company's Earning per share would be indicated by following P/E Ratio Current Ratio

70 Beta of Index would be Less than 1 Equals to 1

71 While evaluating return for an index fund across a peer group, which of Beta Coefficient Past performance

72 The fund sponsors should have a sound financial track record of 12 months 3 Years

73 What is the current PPF Rate ? 0.075

74 Father wants his son to be a doctor and study will start after 5 years. Th A = P + (1+r) ^ n -1 A = P x (1+r) ^ n

75 Appropriate benchmark for G-sec fund I-sec+ I -bex CRISIL liquid fund inde

76 Which of the following has lowest risk ? Liquid Fund GILT Fund

77 If I require 500000 after 2 years, which method will I follow ? Discounting method with interest rateDiscounting method with

78 Mutual Fund Sponsors can be compared to Depositor of a company Company director

79 Which of the following can be charged to the scheme Salary of Fund Administratives Office rent

80 Low PE compared with peer group or industry standard indicates that stoTRUE FALSE

81 What would be the redemption value of a Unit if NAV is 15 and Exit loa 15

82 Last step in the process of designing model portfolio Sector Selection Asset Allocation

83 For a distribution channel, 60% of the employees should have AMFI Re TRUE FALSE

84 Equity Fund's Risk relative to market is measured by Tracking error Sharpe's Ratio

85 Standard Risk is Common to all Uncommon to all

86 Request of Purchase can be made Along with requisite form and ChequOnly With Cheque

87 If an investor invests 1,000,000 at 3:30 p.m through outstation cheque, Same day closing NAV When fund gets credited

88 Liquidity risk is highest in Mid Cap stocks Front Line Stocks

89 Mr A Holds 2000 Units, scheme declared 1:4 bonus. How many units wi 400

90 Investor can sue the trust for breach of trust TRUE FALSE

91 Distributors do not get commission on self business TRUE FALSE

92 Which of the following is an SRO ? AMFI SEBI

93 What remains constant in a close ended fund ? Unit Capital NAV

94 SEBI regulates Mutual Funds Depositories

95 Unit holders can hold their units in demat form TRUE FALSE

96 KIM needs to be updated every 3 months 6 months

97 Trail commission are linked to valuation of portfolio in the market TRUE FALSE

98 Risk can be measured by Variance Standard Deviation

 99 According to the Certified Financial Planner - Board of Standards (USA),
Establish and Define the client planneGather client data
PRACTICE KIT – PAPER 4
No. QUESTION OPTION A OPTION B

1 Commodity as an asset class does not include Fiber Spices

2 Financial Planning is just a process and so Financial Planner can use any TRUE FALSE

3 5 star fund indicates Lowest Expense ratio Lowest Load

4 Investor should invest in MF with few offices as office expense is chargedTRUE FALSE

5 NAV changes with Number of investor Number of Units remaining i

6 Investor select an MF based on matching Investment Philosophy Investment Policy

7 Indian investor in a US $ based fund benefit when $ becomes Weak Strong

8 Understanding the psychology helps in risk profiling TRUE FALSE

9 Securities of a fund are held by Custodian AMC

10 Risk may be defined as Asset Allocation High Transaction Cost

11 Financial Planner finds that client does not have resources to meet goals. Inform the Client Avoid telling as client will b

12 Which of the following is with drawable in NPS Tier I Tier II

13 Mutual fund is exempted from Wealth Tax TRUE FALSE

14 KYC is required for investment more than 50 K 5K

15 Which of the distribution channel does not have wide branch network Bank Distribution House

16 Which of the following is not a function of R&T Process Dividend and redempti Maintain the records

17 AMFI interacts with                 on all issues related to MF industry RBI SEBI

18 CVL system generates Acknowledge along with PAN MIN

19 High portfolio turnover ratio implies High Cost Low Expense

20 Since preparation of WILL is a long process, it has to be avoided TRUE FALSE

21 Benefit of Demat a/c is that Direct credit of bonus units Single contact point for chan

22 Among equity fund , growth fund has highest risk TRUE FALSE

23 What determines the interest rate sensitivity Credibility Quality

24 Fundamental Analyst are also called " Chartist" TRUE FALSE

25 Fundamental Analyst's decision are base on EPS in dollar Trialling EPS

26 Debenture is physical asset because the paper has some value TRUE FALSE

27 Investing in Gold ETF helps Guarantees high return Not permitted in India

28 Which of these activity are carried out before getting SEBI approval Updating the SID with NFO datApproval of the features by t
29 Childhood and transition are similar stage of LIFE cycle and WEALTH cyTRUE FALSE

30 Investor with a long term investment horizon for growth are likely to invesEquity Fund ST Debt Fund

31 Some allocation to GOLD is likely in most model portfolio TRUE FALSE

32 Approval of SEBI is needed to appoint a person as Trustee TRUE FALSE

33 What is the drawback of PPF One withdrawal at the end of S Interest and Withdrawals are

34 Commission paid at the time of investment are called Upfront Commission Rebate

35 Investors in NPS can choose asset class but not fund managers TRUE FALSE

36 Settlement responsibility in BSE / NSE Platform are with AMC Clearing House Concerned

37 Which of the following information does time stamp include Machine Identifier location code

38 Comprehensive FP should be restricted to five years TRUE FALSE

39 Closed ended fund has Fixed AUM Fixed Unit Capital

40 To which of the following PAN does not apply PIO NRI

41 Father wants to start his business, this is Asset Allocation Financial Goal

42 In India one can invest in MF only through distributor TRUE FALSE

43 SIP is called RCA (Rupee Cost Averaging) TRUE FALSE

44 Liquidity risk arises in Closed ended fund Open ended fund

45 A mutual fund is A pool of trustee money A pool of investment institut

46 The name and background of key personnel in AMC Are not included in SID Declared on MF website

47 Annual report should announce the unclaimed amount and no. of investor TRUE FALSE

48 STCG in GOLD is applicable if the holding period is less than 12 months 36 months

49                 allots the ARN number AMC AMFI

50 Application for MF would be rejected if paid in Cheque DD

51 Role of Credit rating agencies is highest in Debt Fund Gold Fund

52 Investors in PPF gets deduction up to 100000

53 Cut-off time are Agreed between AMC & DistribDifferent for every RTA

54 Money market in which MF invests are regulated by AMFI SEBI

55 For with-holding tax on income earned by NRI depends on nature of income

TRUE FALSE

56 Gilt fund is a good alternative to Capital Appreciation TRUE FALSE

57 Which of the following is growth asset Savings a/c Current A/c

58 Which is prohibited in AMC's Code of ethics Inter Scheme transfer Front Running
59 Loads are applicable to Transfer of Closed ended Sche Redemption

60 Bank on receipt of money from abroad issue IEC FIRC

61 Mutual Fund investor can't pledge units TRUE FALSE

62 Standard risk factors are Not market risk Specific to scheme

63 Unit holders are entitled to Receive information that can effprotection of capital even if m

64 Appropriate benchmark to large cap BSE small cap index Sensex

65 If market crashes after bull run which fund is more safer Growth Value

66 Insurance in case of MF is Up to 1 Lac per scheme 1Lac per fund

67 Net Avg asset of the scheme is 300cr and Investment transaction value for 0.3

68 Mutual Fund transaction on stock exchange are governed by stock exchangTRUE FALSE

69 Which one is called Cum-Dividend-NAV? NAV on the date when trustee aNAV of the date when notice

70 IF Gold price appreciates investors should invest in Gold sector fund Gold ETF

71 When scheme is first launched, AUM of the scheme would be nil TRUE FALSE

72 An investor looking to select a hybrid fund with tax benefits must choose.Conservative MIP Balance fund Equity oriented

73 Encroachment risk is higher for Land Building

74 Unaudited report has to be published in newspaper every 3 months 6 months

75 Tax differal is advantage Growth Dividend payout

76 The expense ratio is affected by Fund size Average account size

77 In a mutual fund investors subscription are accounted for as Liabilities Unit capital

78 A disclosure should be made in the offer document if an AMC has invested 0.5

79 Open ended fund can invest in unlisted securities up to- 0.05 0

80 Fund of Fund scheme invest in- Mutual Fund scheme International fund

81 A scheme can distribute dividend on its- Realized profit. Profit after tax

82 A newly married couple should invest into -- Debt fund Balance fund

83 If an investor wants to invest in Mutual fund through exchange platform Existing investor Broker

84 Standard risk factors are Changes from scheme to schemeCommon for all scheme

85 The presence of market makers provide liquidity in case of ETF TRUE FALSE

86 Net asset Rs.500cr./ total transaction value is Rs. 1000 cr what is portfolio 0.5

87 Avg net asset of scheme is 3000,total transaction of a scheme 10,000 what 0.3
 88 What is an ideal sector allocation in a sectoral fund <5 >5

89 Which of the following is true with respect to the automatic reinvestment It allows the investor to reinve It ensures that the investor re

90 Which of the following is not true for Exchange Traded Funds (ETF)? ETF combines the best features Its pricing is linked to the ind

91 In which of the following the investor generally bears the highest expenseExchange traded funds Balanced funds

92 Which of the following is not the advantage of mutual funds? Reduction of transaction costs Convenience and flexibility

93 Investor who wants long term exposure to gold should opt for ETF Gold Gold Sector Fund

94 Which is the short term Govt Security Commercial Paper T-Bills

95 Which is the most Illiquid Asset? Gold Equity

PRACTICE KIT – PAPER 5

No. QUESTION OPTION A OPTION B

1 Bank lends against Pledged units Dividend

2 SID is approved by Investor Sponsor

3 Cut-off time for NAV decided by AMC same for all scheme

4 preparation of WILL is pessimistic exercise, so it is better to avoid TRUE FALSE

5 Which document is not required for institutional investor P & L account Memorandum of the a

6 Distributors are provided commission for up to 3 yrs 5 yrs

7 SEBI is responsible to develop a cadre of well trained agents and distributors TRUE FALSE

8 High regular income yield is indicator of scheme weakness TRUE FALSE

9 Who promotes MF Sponsor custodian

10 Liquidity risk is highest in Mid cap stocks Front line stocks

11 A unit holder is not responsible for reading OD selecting stocks in a p

12 Accepted standard for return calculation in financial market is abs return CAGR

13 STT is applicable on Purchase of debt fund Redemption of debt fu

14 Mr A holds 1200 units , scheme declares 1:3 bonus. How many units will Mr A 300

15 Corporate deposit interest rate depends on liability of borrower asset of borrower

16 Commodity does not include Art Energy product

17 The value of investment in mutual funds.. Increase gradually every day. Change with the value
18 The first ever mutual fund scheme in India was launched in 1964

19 Investors buy units of open-ended funds during the continuous offer at the NFO price Market Price

20 The investment objective of which of these funds would be to seek capital appreDividend yield fund Growth Fund

21 If we have a view that gold price will appreciate, which mutual fund scheme shoGold sector Gilt edged securities

22 One of the advantage if ETF is.. Investor can see where his moneyThese schemes can ge

23 Mutual funds are constituted in India as a.. Companies Trust

24 Mutual fund sponsor can be compared to .. A depositor in company A company director

25 Which of these entities enables collection and payment of fund. Broker Banker

26 The constituents of mutual fund are appointed with the approval of .. Sponsor Trustees

27 The applicable guidelines for mutual funds are set out in SEBI (Mutual Fund) reTRUE FALSE

28 Bank sponsored mutual funds are also regulated by AMFI Stock Exchanges,

29 AMFI code of ethics prescribes that mutual fund scheme portfolios should be maIdentified class of unit holder All classes of unit hol

30 Although AGNI is mandated. there are no penalties for breach of code of conducTRUE FALSE

31 To achieve growth by investing in equity and equity related investments, balanced with income generation
Equitybyfund Money
investing in debt and money market marketisfund
instruments likely t

32 Annual report of AMC should necessarily mention the unclaimed amount and the
TRUE FALSE

33 Unit holders enjoy rights to the asset of the funds... According to the plan chooses byAs per decided by trus

34 For fund of fund NAV is to be updated on-line in the website of AMFI and the Before 9 pm same day Before 10 am followin

35 Which of the following is not a mandatory services standard as per SEBI. Periodic disclosure of the fund's Periodic disclosure of

36 Investors can sue trustees for breach of trust. TRUE FALSE

37 Which of the following is the function of an offer document To enable comparison of MFs To give the FM's com

38 NFO other than ELSS can remain open for                       15 days 30 days

39 Which of the following contain detail information on the portfolio characteristi Key Information of Memorandu Statement of additiona

40 Which of the following is not fundamental attribute of scheme? Investment objective Name ff Fund Manage

41 Which of the following is a synopsis of the offer document? Trust deed Memorandum of Asso

42 The format of KIM Given by SEBI Given by AMFI

43 Some MF companies allow investors to transact through their website. TRUE FALSE

44 There is no need for educational qualification to be MF advisor. TRUE FALSE

45 Distributors are compensated by mutual fund companies primarily through.. Salaries Annual fees

46 Which of the following statement is true? Distributors do not get upfront c Distributors do not ge

47 AMFI is SRO for mutual fund and regulates all mutual Fund TRUE FALSE

48 AMFI code of ethics prescribes that mutual fund schemes portfolios should be midentified special classes of unit all classes of unit hold

49 Transfer of investment from one scheme to another is allowed TRUE FALSE

50 If the investor wishes to change the distributor He will need to give written requhe needs to give the N

51 Investor can sue the trust for breach of trust TRUE FALSE

52 Since NFO is a marketing decision ,CIO has limited role in deciding it's structurTRUE FALSE

53 Info provided in the SAI addendum made in the scheme Updation in OD

54 Which of the following form a part of fundamental attributes of a fund Fund manager Investment objective o

55 What remains constant in closed ended fund? Unit capital NAV

56 Where do high-yield funds invest? Junk Bonds Gilt fund

57 High yield bond schemes invest in junk bonds? TRUE FALSE

58 Which ratio measures risk-adjusted return? Sharp Ratio Treynor ratio

59 Which funds have features of both open ended & close ended? Interval Fund Balance Fund

60 Which approach is used by Fund managers for picking up the Value stocks. Bottom up approach Top down

61 Can liquid funds invest in short term bank fixed deposit? Yes No

62 Expenses in fund of funds? Less then direct Investment in s More than direct inves

63 Which fund has highest risk? Liquid Income

64 Childhood & transition phase is common in life cycle & wealth cycle? TRUE FALSE

65 What is not mandatory in application form? Occupation Status of Individual

66 Is KIM a synopsis of offer document? TRUE FALSE

67 Absolute return is best judged if the investment horizon is <1yrs >1 yr

68 Dividend distribution tax in liquid fund payable by investor? Nil

 69 What is the rate of TDS in liquid mutual Fund? Nil

70 Who can distribute mutual fund through stock exchange? Equity Broker with out certificat NISM certified & AM

71 What is the beta of index fund? 1 More than 1

72 When a time stamping machine is installed should it be informed to trustees TRUE FALSE

73 The difference between the yield on gilt and the yield on a non government debtTRUE
s FALSE

74 Liquid schemes invest in securities Less then 91 days maturity More then 91 days ma

75 Mutual fund is Trust Company

76 Who is keeps the custody of security of Mutual Fund ? AMC R&T

77 AMFI is a SRO ? TRUE FALSE

78 AGNI is Code of Conduct For IntermediarRules & Regulations

79 NFO opening and closing detail mention in KIM SID

80 KIM is to updated Once in quarter Once in month

81 Recurring expenses includes Investment advisory fee Charged by the AMC,

82 Offer Document of Mutual Fund is approved by SEBI TRUE FALSE

83 Stock exchange brokers are permitted to distribute MF after passing the certify TRUE FALSE

84 If the post tax rate of return on an investment is 8% and the inflation rate is 6% t2.00 Percentage 1.89 Percentage

85 A client is investing Rs. 1 Cr. in gilt fund which day NAV he will get? Same day closing NAV Next Day NAV

86 How many minimum client is required for a scheme to run 20

87 There is no TDS on dividend distribution and redemption TRUE FALSE

88 Which documents are needed for KYC? PAN card Address proof

89 Which id proof is not valid identity proof for KYC (individual) Credit card Address proof

90 For additional purchase Only transaction slip to be filled Transaction slip with
PRACTICE KIT – PAPER 6
No. QUESTION OPTION A

1 Which of the following entities reaches MF product beyond geographical locations The Brokers

2 SEBI is sole regulatory authority for MF are answerable TRUE

3 Where the investor desires to hold MF unit in DMAT form the AMC will still be required to Per TRUE
 4 Offer document enable investor to compare the of MF scheme with another MF scheme TRUE

5 which of the following investors belong to institutional group? HUF

6 Performance advertisement Shall identify Nature of scheme

7 Benefits of STP is Paper work is minimized

8 Company has issued 10 core equity shares. It earns profit of Rs. 105 core on which it has Paid ta 10

9 Floating Rate Interest is ? government yield+ spread

10 Market price of which of the following investment instruments will fluctuates more ? Long Tenor debt

11 Asset considered for Asset Allocation ideally be Similar

12 Which of the following is most unlikely to have a model portfolio with 20% alloacation to sector Young Executive early in his ca

13 A distributor can be empaneled by AMC only if Such distributor and its repres

14 AGNI is mandated by ? AMFI

15 Junk Bond Scheme is also be known as High Yeild Scheme ? TRUE

16 According to Some studies Asset Allocations and Investment Policy can better explain the port TRUE

17 Which Of the following benefits of starting Health Inurance Policy early? Higher Money Back after 5 yea

18 Which of the gollowing is Government Savings Scheme? Infrastrucure Bond

19 Duration of PPF deposit is 15 years

20 Relaxation from Documetation required for MICRO SIP is available for Only Individuals other than NR

21 Intial Phase of Life Cycle is Accumulation? TRUE

22 Life insurance is meant for Tax planing

23 Real Estate mutual fund is Beyond means of retail investor

24 Black swan refer to Probabilities of large losses

25 A five star rating in MF schemes indicates that Lowest expense ration

26 Which of the bond fund carries least amount of interest risk Dynamic bond

27 Asset allocation must primarily based on Investment needs

28 Faced with the financial difficulties a family is likely to do all this except following Move to a larger house in a bett
29 Pre-retirement stage Annual investment amount gets

30 Teir I account of new pension scheme is called pension account ? TRUE

31 Which is false ? Government is trying to convert

32 Minimum Networth requirement of the AMC is Rs 10 crore

33 If a scheme is launched in the second six months of financial year the the 1 st update of the SID is due within Within 3 months of the end of t

34 Legally SAI is the part of SID TRUE

35 Income tax allows setting of certain types of capital gain losses against certain type of Income whiCapital losses can be offset aga

36 The                        is the main driver of returns in a mutual fund scheme . Return

37 Fundamental Analysis entails review of the company's Financial Statements

                                           ratio indicates how much investors in the share market are prepared to pay (to become owners of the company ) , in relation to the company'
38 . Earnings per Share

39 A                            fund maintains a portfolio that is in line with the passive fund . Active fund

40 Value investment style is an approach of picking up stocks which are valued                        , based on fundamental analysis
Lower
.

41 Which is approcach is also called stock picking . Top – down Approach

If the proceeds on redemption are higher than the amount invested then it is called
42                        . Capital Gain

43 Treasury Bills are short term debt instruments issued by the                            on behalf of the Goverment of India . SEBI

44 Commercial papers are short term Debt Securities issued by corporates. TRUE

45 Credit rating companies are like                                   . CRISIL

46 Higher the credit risk , lower is likely to be the yield on the debt security . TRUE

47 Which of the following are derivative                                   . Forwards

48 Every scheme should have at least                        investors . 15

49                        funds take Positions that are countrary to the market . Thematic Funds

50 Liquid schemes, which invest in securities of up 91 days maturity , have the                      risk amongest all kinds of schemes
Higher
.

51 What is MIBOR ? Mumbai Inter – Bank Offered

52 To convert the demat units into physical from . This process is called re-materialisation . TRUE

53 RTGS refers to                                   . Real time Growth Settlement

54 What is ASBA                              . Application Supported by Bloc

55 NSE's Mutua; Fund platform is called NEAT MFSS . TRUE

56 When a dividend is paid , the NAV of the units falls to that extent . TRUE

57 Risk can be measured by variance

58 SEBI has Facilitated buying and selling of mutual fund units through the stock exchanges. TRUE

59 ARN REFERS TO                              . Agent registration Number

In hoardings / posters, the statement , “ Mutual fund investments are subject to market risks, read the offer document carefully before investing ” is to be displayed at le
60                      inches height . 6

61 If a scheme is launched in the first 6 months of the financial year then the first update of the SID is due with in                   months of the end of the financial year
2 .

62 No single investor shall account for more than 20% of the corpus of the scheme/plans. TRUE

63 The asset management company shall confirm that a due diligence certificate is signed by the                            . Compliance officer

64 In case of specifice request recived from investors, mutual funds shall provide the account statement (SIP/STP) to the investor's within                        working 5days from
The mutual fund would update the current expense ratios on the website within                      
65 working days mentioning the effective date of the change . 5

66 Offer documents of mutual fund schemes are approved by SEBI . TRUE

67                                   regulates mutual funds, depositories, custodians and registrars & transfer agents in the country . RBI

68 The objectives of AMFI is/are                            . To recommend and Promote best

69 “ To generate income by investing predominantly in wide range of debt and money market securities “ is an objective of                      .
Diversify equity Scheme

70 Institutional Distributors Build Reach through Employees

71 The distributor can charge fees from the Investor TRUE

72 The difference between NAV and repurchase price is Entry Load

73 NAV of Income Funds is to be calculated upto                 decimals 4

74 Investments in Mutual Fund can be made using Cheque/DD

75 STP is the combination of SIP and SWP TRUE

76 In a Top Down approach, sector allocation precedes stock selection TRUE

77 Loads and taxes may account for the difference between scheme return and investor return TRUE

78 Mutual Fund Ranking and rating amount to same TRUE

79 Which of the following aspects of portfolio would an investor in a debt scheme give more importSector Selection

80 The comparable for a Liquid Scheme is Equity Scheme

 81 Providing Funds for daughter's Marraige is an example of Goal Oriented Financial Plan

82 Distribution phase of Wealth Cycle is a parallel of retirement phase of life cycle TRUE

83 Incase of NPS investor can choose which of the asset class of the following Equity

84 New Pension Scheme is regulated by PFRDA

85 What % of the total wealth of Indian People is in physical asset More than 10%

86 PFRDA refers to Private Fund Regulatory and D

87 Investment in a Financial Assets can be productive for the economy TRUE

88 NCDEX refers to National Contract Exchange

89 In case of the buying of the Gold Future Contract, entire value of the Gold has to be paid TRUE

90 ------exempted from the Wealth Tax Gold Deposit Scheme

91 Many investors invest money in Bank FD and not in Debt market because Lack of Interest

92 Interest earned in Bank FD is Taxable each year TRUE

93 The primary objective of the Financial Planner is to make available the right amount of money at TRUE
t

94 The third stage of the wealth cycle is Accumulation

95 In many health insurance policies, the customer has to bear the expenses and that can get reimb TRUE

96 Risk appetitte as no of dependant menber increases Decreases

97 Many have made available the risk profiling tool on their web sites AMCs

98 ------is the decision outcome based on the market behaviour Tactical Asset Allocation

99 Many Financial advisor work on the Model Portfolio TRUE

100 Which are the aspects that affect the Risk profiling of the investors? Family Information

PRACTICE KIT – PAPER 7

No. QUESTION OPTION A OPTION B

1 We have to do the registration of the mutual fund with the SEBI. Who gTrust R&T

2 AMFI do the following activity Publish NAV, AUM of the fund houseCompute
a NAV

3 In a liquid fund a application for repurchase comes at 3.30. Whats is t Closing NAV of the date of applicatio Closing NAV of the ne

4 In creating of model portfolio which is the first step Deciding the Asset Allocation Identify financial Goal
 5 Once the asset allocation is decided, sharpe ratio can help us to select TRUE FALSE

6 Once the asset allocation is decide, treynor ratio can help us to select t TRUE FALSE

7 With the increase in the regular income from the job risk taking ability of the investor                      
Remains the same Decreases

8 A repurchase comes in a GILT fund at 2.30 pm. Whats would be the NAClosing NAV of Next Business Day Closing NAV of the Ap

9 75% investment in debt is suggested to Aged couple with no immediate family40 year old man with a

10 An investor with interest to earn high return and willing to take high riskCautious Investor Conservative Investor

11 A person requires 1,00,000 rs for the specific goal after 3 years. If we 100000*(1+0.05)^3 100000*(1+0.05)*3

12 For an Micro SIP which one of the following is not a valid photo ID pro PAN proof Debit card with photo I

13 The responsiblity to manage funds in the new pension scheme is with PFRDA Insurance Companies

14 Where you get the information in regards to the key personals involved They are not published as it is not veryThey are published on t

15 Which of the following is not available in SID Type of Fund Risk Factor

16 Legally SAI is the part of SID TRUE FALSE

17 The date of the applicablity of the NAV is not dependent on Time at which the application is submib) Scheme in which th

18 The AMFI allots unique the ARN no which is valid for the period of thrTRUE FALSE

19 The following would not affect the trail commission to the advisor in m Portfolio value going up with the incr Investor making fresh p

20 The STT paid on the equity mutual fund sold on the stock exchange is 0.00125 Nil

21 The STT paid on th equity mutual fund purchased on the stock exchange 0.00125 Nil

22 STT paid on the re purchase of units by the AMC 0.00125 Nil

23 Which of the following when transacted on the stock exchange STT is noELSS GOLD ETF

24 Its is advisable for an average investor to do Tactical Asset allocation fo TRUE FALSE

25 In case of sudden wealth which among the following is least advisable Park the money in the liquid fund for aInvest all money into eq

26 Tactical asset allocation is suitable for seasoned investor with large invesTRUE FALSE

27 An application for re purchase in equity comes at 3.30. What would be Closing NAV of Next Business Day Closing NAV of the Ap

28 In case there is a redemption from a NRI who have invested the money on
TRUE FALSE

29 The investment grow faster in dividend re investment options as compareTRUE FALSE

30 Maximum expense that can we charged in a debt fund is 0.0175 b) 0.75%

31 In case of the growth option which of the following is not true The NAV capture the full value of the There is no dividend de

32 We require the board resolution from companies to invest is mutual fundTRUE FALSE

33 If the company have 10 cores if Issued shares. The profit it makes is 105 10

34 An investor in the debt scheme who completely want to eliminate invest TRUE FALSE

35 The fund have an average asset of 300 crore. The portfolio turnover for 0.36

36 The floating rate fund hold on to there value even if the interest rate are TRUE FALSE

37 Performance of the fund is most sensitive to the expense ratio in which Liquid Fund Diversified Equity Fun

38 Who among the following are not distributor for Mutual Funds National Distributors Branches of public Sec

39 Importance of credit rating agency is most important in Equity Funds Secutised Debt

40 Full form of AGNI AMFI gudieline and Norms for IntermiAMFI guideline and no

41 Which of the following scheme is exempted from the divident distributi Debt Oriented Funds Balance Funds

42 Sector selection is the key decision in the Bottom Up Apprach TRUE FALSE

43 Illiquid Shares would be valued at Value Decided by the broker Fair market value as the

44 Tax consultant should not advice financial planning to his client TRUE FALSE

45 Mother want to set apart Rs 25 lakhs in 3 years time Financial Goal Asset Allocation

46 Followinf is the Asset Allocation Dividend payout and Growth Option Art and Gold Fund

47 Limit of the commission to be paid to distributor is decided by SEBI TRUE FALSE

48 Whats is an NFO Investments? Investment done by any investor in t Additonal Purchase by

49 Whats is true about the FMP NAV dose fluctuate No defaul Involve

50 SAI needs to be updated every Yearly Monthly

51 Who is responsible for the information available in OD Trustee AMC

52 Which of the following government secuity have leasr maturity period CD CP

53 Which of the following credit rating is not required Shor term debt Fund Liquid Schemes

54 Insurance is more important in case of Physical Asset Vis a Vis financialTRUE FALSE
55 Which of the asset have the higest risk to be stolen Real Estate GOLD
56 Most best way to decide the risk appetite of the person is to ask client t TRUE FALSE

57 Share price of the Gold Mining Company is dependent on Gold Reserve Quality of the operation
58 Expense ration is more important in case of Offshore Fund Equity Fund

59 While construction of the portfolio the relative performance is done withPeer Group Asset Alllocaton

60 The balance funds based on flexible Asset Allication is lower riskier tha FALSE TRUE
61 Between whom the Trustdeed is executed between Trustee and Sponsor Sponsor and Custodian

62 Repurchasing the predecided no unit at the regular interval is called STP SWP

63 Unclaimed investment amount and dividend can be demand by the invesTRUE FALSE

64 Applicable NAV for the different scheme is as per the following time Office time of AMC Office time of R&T

65 While empannel with the AMC, every distributor have to provide the fo Correct and complete information Commitment to abide b

66 Transaction done of MF on the NSE NEAT and BSE Start the exchange TRUE
gu FALSE

67 Low P/E ratio indicate that it is unlikely to replicate its past performanceTRUE FALSE
68 Churning of the portfolio by the Fund Manager is called Portfolio Turnover Ratio Liquidity Ratio

69 Invesment in a Real Estate Mutual Fund is Beyond the means of the retail investoExtremally Liquid and

70 Advantage of investing in PPF is Loan is available any time Premature withdrwal is

71 Self Regulatory Organisation controls All his member to the limited extent All his member comple
72 In case of Joint holder the pan card requriment for 1 and 2 Holder
st nd All joint holders

73 Maximum number of nominee which can be added 5

74 In case New Pension scheme how many PFM( Pesion Fund Managers) a 5

75 Which is the right Sequence Liquid Fund, MIP,Gilt Fund Gilt Fund.Liquid Fund,

76 In Lower Interest Rate Senario Debt Product of MF will Generate higherTRUE FALSE
77 An employee of the mutual Fund can be an Agent TRUE FALSE

78 Commission on Investment done by Sponsor in a Fund is Not Payable Payable to Sponsor

79 Book Value of a Share is dependent on Accounting Policies of the compTRUE FALSE

80 Code of Conduct for AMC Personnel & Trustees are mentioned in Chapter II Chapter IV

81 If complaint of an investor is not solved by AMC, investor has to complaSEBI Trustees

82 Feeder Fund can invest in International Market as Anywhere as per Investment ObjectiveOnly International Equ
 83 Tax Deferral is available in Growth Dividend

84 Benchmark of Sectoral Fund investing in Banking Sector would be BSE Bankex Nifty Junior
85 Before going to SEBI for approval of a Fund Launch AMC needs to Take approval from Trustees Print the application Fo
86 Which of the Following Fund is most Sensitive to Expense Ratio Liquid Fund Index Fund
87 ASBA is an Excellent Facility for Additional Purchase in a Fund TRUE FALSE

88 Converting Units of a Mutual Fund from Demat Form to Physical & ViceTRUE FALSE

89 Indexation means Finalising the benchmark for the fund Adjusting the Purchase
90 Investor in Reaping Phase would primarily invest in Equity Securities yielding Reg

91 Most of the AMC publish Portfolio of their scheme on their Website Daily Monthly

92 Difference between Unit Certificate & Account Statement Unit certificate shows only the closin There is no difference

93 Which of the following is not the scheme specific risk factor? Risk arising from the schemes objectivRisk arising from the n
94 Expense Ratio of an Index Fund is 0.01

95 A Financial Planner can use any of the Model Portfolio available on the TRUE FALSE
96 In NPS Tier – I account is compulsory for opening Tier – II account TRUE FALSE

97 A Retired couple with Zero income should invest all the money in Liqui TRUE FALSE
98 SIP can be done by Standing Instruction ECS
99 Concentration risk is highest in Equity Share Bank deposit

100 A high amount of equity investment is suggested to the investor if he iAccumulation phase Transition phase
OPTION B OPTION C OPTION D Answer

First 3 years of Investment done bFirst 10 years of investment done by As long as investor held the invesD

ACE AMFI none of above A

cost of investment Market value of portfolio Book value of portfolio C

FALSE B

AMC offices Bank distributor's branch Offices declared as point of accepD

Entry Load Recurring Expenses CDSC B

Only at AMFI website Once every six month in one nationa Only on AMC's website C

6 months 12 months 13 months C

750 Insufficient details 10% Plus surcharge or 20% after iA

STT is payable when investor doeSTT is payable when investor purchaSTT is payable when investor sal B

FALSE A

Derivatives trading Equity MF All of the above D

Proof of Identity Proof of address All of the above A

Nomination Form KIM None of the above C

List of authorized signatories Board resolution and Memorandum and

certificate of registration C

It offers benefits of rupee cost aveIt helps regular income for investor No load investment done B

Non Individual NRI PIO C

FALSE B

1000 1200 cant say B

Same day Closing NAV of Day immediately prec

Closing NAV of Day immediatelyC

Same day Next business day Next preceding day. C

FALSE B

Dividend Re-Investment option Both of the above Growth option C

STP SWP Value investment C

FALSE A

FALSE B

0.024 1.2 0.175 D

CAGR Absolute return Simple annualized B

Be worse than benchmark return Better than benchmark return cant say B

High Good P1+ A

Go up Remain steady Mirror equities B

Benchmark Asset Class Investment objective B

Treynor Alpha Spread C

Past performance Tracking error R-squared C

highly aggressive investor Moderate conservative Highly conservative C

Value Fund Dividend yield fund Growth fund C

5 years 1 years 3 years B

Asset class performance Both of the above None of the above C

Real estate Art Secularized debt C

High Half of it's Low D

FALSE B

Liquid and Current account ETF and Index fund GILT and Sector fund D

Bank FD Real-Estate PPF C

Extent of securities against the bo Risk of default by borrower Interest rate risk C

RBI Bonds POST KVP A

Equity Bonds Gold B

Real estate Real estate fund Gold future B

FALSE A

FALSE A
Assessing the clients financial inf Advising client to invest only in sec None of the above B

Yield high growth in earning Are currently under valued None of the above C

An active fund manager All fund managers Non fund manager B

Stock Exchange All of the above None of the above C

The entire commission upfront Part of commission up front and bala The entire commission after five C

Through commission Through an annual fees Not in cash but in kind B

5 years 12 months 3 years B

SEBI AMFI RBI A

Jointly by SEBI & RBI RBI AMFI A

Does not buy and sell stocks oftenDoes not have to go through the proceDoes not have to track stocks C

Zero coupon bonds Paying interest at a floating rate None of the above B

Are not affected Falls Fluctuate either up or down C

7 years 6 years 8 years A

The investor redeems his investmen

An agent invests his own money, not An
t Agent retain the Investment D

0.2 0.12 None D

8.50 Percentage 7.75 Percentage 7.50 Percentage A

1.75 Percentage 2.25 Percentage 2.50 Percentage D

Standard deviation Treynor ratio A&C D

Technical analysis Economic analysis Political analysis B

Recession/Economic turmoil Political instability All of the above B

R&T Trustee Distributors C

Gilt funds Diversified debt fund Diversified equity fund A

0.15 0.2 No tax A

Possibility of capital gain Deposit insurance Investment convenience C

FALSE A
Not required can be done without None of above A

FALSE B

Strategic Allocation A&B None of above B

FALSE B

Guaranteed by AMC Decided by financial planner Common across industry C

Decreases Stays constant None of above A

Short term target Portfolio churning Tax benefit A

expenses Tracking error None of above C

Long term Bonds Mid term Bonds All of above A

FALSE B

Capital Guaranteed Fixed income None of above D

Active fund Both None of above A

FALSE A

Go down Retain the same value None of above A

Investment objective of fund risk appetite of investor profile of unit holder B

Industrial metals Real Estate Gold C

open for purchase only for existin available on stock market None of above A

safety of capital Capital adequacy Regular income A

International markets both equity and debt None of above C

Trusts Partnerships NGO B

Company director Promoter of Company CEO of a company C

Updating unit capital of fund Processing dividends & redemption pa

Settling investment transaction ofD

FALSE A

FALSE A

data gathering and goal setting establishing the client planner relatio Plan Review C
OPTION B OPTION C OPTION D Answer

Momentum , Value Value , Growth Growth , momentum C

last 2 years last 3 years last year A

SAI Annual Report Memorandum and Articles of AA

R&T Banker AMC B

FALSE A

Tax benefit of MF Expense and Load structure of sc Due diligence certificate of A D

Give current NAV Gives Fund suggestion None of the above A

0.7 0.5 0.3 A

Service tax Fees of custodian General administration expen D

FALSE B

Minimum investment amount and Risk

c profile of the scheme Opening and closing dates of A

FALSE B

Gold Real Estate Debt B

FALSE A

14.85 15.15 15.5 A

NAV at 3pm Same day NAV NAV of fund realization date D

SEBI AMC none of the above A

Corporate distributor Bank IFA D

0.15 0.33 Tax Free D

Asset allocation Scheme selection Client selection C

Achievement of the goal of invest Tax liability of investors Investible surplus of the invest B

8 Percentage 8.50 Percentage 9.25 Percentage B

Standard Deviation Sharpe's Ratio Variance C

Avg Maturity YTM Current Yield B

Investor Bank IFA B

Today Tomorrow NAV of fund realization date C

Benchmark Investment objective Ex-mark B

FALSE A

SAI MIN SIN A

Bank Employees of AMC All of the above C

Investing according to Market Investing in different assets investing only in Equity Gold aC

FALSE A

Age of Client Risk Appetite All of the above D

Liquid Equity debt C

Debt Gold Real Estate B

Sharps' Ratio Treynor Beta D

High credit risk It has maturity Duration is greater than 1 yr A

Cant sue the AMC Gets remedy from AMC Gets remedy from NSE B

Equity MF Equity Schemes All of Above D

Accounting Distribution Fund management A

Interest rate goes up IRR goes down YTM goes down B

Gold deposit Gold ETF Gold D

Registered with AMFI Listed on stock exchange All of Above B

Common to all Specific to a scheme Systematic B

In units only In units or amounts In amount only D

FALSE B

Time as web per web server Mid night Next day morning B

FALSE B

100-age Age-100 1B

Pool of institutional investors Pool of investment managers Pool of investment money D

Banks insurance companies NBFC A

SID+SAI SAI KIM sumarry of SAI + SID. B

FALSE A

FALSE A
Distributor AMC R&T C

Quarterly Once in a year Once in two year C

Index fund growth fund gilt fund C

Half yearly Whenever material changes take pOnce in two year C

Physical gold Shares of gold mining company All of the above D

0.0747 10% or 20% with indexation insufficient data A

When fund gets credited Previous day closing value Next day closing value B

Portfolio Churning New client acquisition None of the above A

Is same for all amc's Varies from investor to investor Varies from scheme to scheme.D

Diversified equity fund Growth fund B&C D

Risk profile, portfolio constructionPortfolio construction,risk profile,Fund allocation. risk profile, p B

All the associates of a distributor Keeping the interest of all unit holAll of the above A

0.6 0.4 0.25 C

Minor & Senior Citizen Corporate institution & trust. None of the above D

FALSE A

IRDA PFRDA None of the above. C

Company Trust NBFC C

0.000125 0.25 percentage none of the above A

Simple return compounded annualized return all of the above C

Objective of scheme portfolio of scheme None of the above. A

Application Form Both A and B Neither a nor b B

Mark to market book value analysis all of the above. A

AMC R&T Distributor C

sd stddev stddv A

Machine identification location code all of the above D

FALSE B

Weekly Quarterly once in financial year. A

Less risky compare to market neither risky nor profitable. beta doesn't make any impact B
 Investment Both None of the above B

25 50 100 A

Gilt fund Liquid fund Active fund. D

SEBI AMFI All of the above A

Fees Salary All of the above A

HUF Sole proprietorship firm All of the above. D

50000 50000 and above first time investment A

(P1-P0)/PO*100 ((End Value/Start Value)^(1/ (PeriNone of above C

15 15.25 15.65 B

SEBI Sponsor AMC A

Investment & return are tax free. Both None of the above B

A closed ended fund A fixed term bank deposit A fixed term corporate bond B

Market price and earning per shar Market capitalization and dividen Market price and face value B

OPTION B OPTION C OPTION D Answer

Govt Institutions Foreign Citizens Provident Fund C

FALSE B

Gold Fund None Both D

Fixed Asset Allocation Flexible Asset Allocation Tactical Asset Allocation A

15.38 17.86 16.125 D

Same days closing NAV Previous day NAV Closing NAV of the day preceding B

0.2 0.13 0.1 A

Closing NAV of the day preceding nexSame days closing NAV Previous days closing NAV D

Premium can be availed under Sec 80 Premium can be shown as exp Premium is volatile B

Pledgee B

0.0175 0.0075 0.015 C

FALSE A

Highly Volatile Less Safe Lower Return C

 7 10 30 D

FALSE B

Liquid Fund High Yield Bond Fund Short Term Plan C

FALSE B

D/D SWIFT RTGS D

Gold Real Estate None of the above A

SEBI BSE RBI C

15 days 21 days 30 days B

15 days 20 days 30 days A

Tbills Debentures CP D

FALSE A

Liquid Fund Income Fund Gilt fund A

FALSE B

Providing for daughter marriage Shifting of job for higher income Providing for foreign study for son C

Unit Capital Market Value of Portfolio Size of Fund C

FALSE A

Banks IFA Distribution companies D

0.01 0.02 0.0175 A

Simple Return Absolute return CAGR D

debt Govt. Sec. A

Offshore Fund Active Fund Fund of Fund A

AMFI Internal Audit Team Trustee. B

0.005 0.0125 0.025 D

Liquid Gold None of above. B

Real State Bank deposit None of above. C

FALSE B

FALSE B

Top down approach Both None of above. A

0.0033 0.0002 0.0025 D

 210.67 213.33 None of above. B

Investment Strategy Investment Policy Investment Objective D

R&T AMC Distributor C

High Transaction Cost Financial Loss Portfolio Rebalancing C

Avoid telling as client will be disheartAvoid telling as he may lose the clienIncrease risk to generate higher ret A

Tier II Tier III Tier IV B

FALSE A

10000 Not required Needed for a single rupee investmeD

KYC for Minor is needed only if inve If investor is a minor, KYC should beKYC is not at all required for minoC

FALSE B

By selling number of units in a fixed i by listing MF in stock exchange C

SEBI NISM AMFI D

DD Cash Bankers cheque C

FALSE B

Systematic Risk Unsystematic Risk A

NAV of the date when notice is issuedNAV after the date of dividend None of the above A

IPO Purchase Re-Purchase A

SAI OD SID+SAI D

Previous Days NAV NAV of Next Business Day Same day NAV C

NAV of Next Business Day Previous Days NAV Current NAV B

ACE AMFI None of the above A

AMC Offices Bank Distributors Branch Offices declared as point of accept D

Every 6 months Every 12 months None of the above B

750 Insufficient Data 1000 A

Derivative Trading Equity MF All of the Above D

1000 1200 Cant Say B

Current Ratio EPS Leverage Ration C

Equals to 1 more than 1 None of the above B

Past performance Tracking error R-Squared C

3 Years 5 Years 7 Years C

0.0775 0.08 0.085 C

A = P x (1+r) ^ n A = P / (1+r) ^ (1/n) -1 A = P / (1+r) ^ n B

CRISIL liquid fund index MIBOR CRISIL - MIP bladed index A

GILT Fund Diversified debt fund Diversified Equity fund A

Discounting method with inflation rat Compounding method with interest raCompounding method with inflation
C

Company director Promoter of a company CEO of a company C

Office rent General Administration Expenses Fees of Custodian D

FALSE A

14.85 15.5 15.15 B

Asset Allocation Scheme selection Client Selection C

FALSE B

Sharpe's Ratio Treynor Beta D

Uncommon to all Systematic Specific to all A

Only With Cheque Only Purchase requisite form A

When fund gets credited Previous day closing NAV Next Day NAV B

Front Line Stocks Index Stocks Gilt Security A

500 8000 Depends on NAV C

FALSE B

FALSE A

SEBI AMC None of above. D

NAV Both A

Depositories RTA All of the Above D

FALSE A

6 months Once a year No need to update it C

FALSE A

Standard Deviation Beta Any of the above D

 Gather client data Define client goals Analyse and Evaluate Client's FinanD

PTION B OPTION C OPTION D Answer

pices Energy Art D

ALSE B

owest Load Highest Performance Best Portfolio C

ALSE B

umber of Units remaining investeSize of Portfolio Market value of the portfolio D

vestment Policy Investment Objective Investment Strategy C

rong Euro Becomes Weak Steady B

ALSE A

MC R&T Broker A

gh Transaction Cost Portfolio re balancing Probability financial Loss D

void telling as client will be disheAvoid telling as he may lose the clientIncrease risk to generate higher retur A

er II Tier III Tier IV B

ALSE A

K Any Amount 100K C

stribution House Broking company IFA D

aintain the records Settling investors transaction of fund Calculation of NAV D

EBI Govt All of the above B

IN KYC Folio B

ow Expense High return Non Performance A

ALSE B

ngle contact point for change of aSingle point for portfolio valuation All of the above D

ALSE B

uality YTM Avg Maturity D

ALSE B

ialling EPS Historic EPS Projected EPS D

ALSE B

ot permitted in India Provide risk cover Reduce storage cost and risk D

pproval of the features by truste Dispatch product literature Printing KIM and application form B
ALSE B

T Debt Fund Income fund liquid Fund A

ALSE A

ALSE A

terest and Withdrawals are not ta Half yearly Compounded interest Not Guaranteed by Govt A

ebate Trail AUM Retention Fee A

ALSE B

earing House Concerned Stock Exchange Member A

cation code Serial No All of the above D

ALSE B

xed Unit Capital Fixed NAV Assured Dividend B

RI Minor & Senior Citizen None of above D

nancial Goal Appreciation Financial Planning B

ALSE B

ALSE A

pen ended fund Gold Debt A

pool of investment institutions A pool of investment managers A pool of investment fund D

eclared on MF website Are included in SAI Are not relevant so not disclosed C

ALSE A

months 6 months 9 months B

MFI SEBI NISM B

D Cash Bankers cheque C

old Fund Real Estate Fund Equity A

10000 70000 75000 C

fferent for every RTA Prescribed by SEBI Different from AMC to AMC C

EBI RBI Stock exchange C

ALSE A

ALSE B

urrent A/c Real Estate Govt Security C

ont Running Security transaction through associate Distributor of MF through AMC B

edemption Purchase and redemption Purchase B

RC MIN + Folio B

ALSE B

pecific to scheme not relevant to investor common to all scheme D

otection of capital even if marke Sue the MF or Trust Assured return even if there is no gu A

nsex BSE 500 BSE Mid cap Index B

alue Sector Theme B

Lac per fund More than 1 lac None of the above D

0.36 Insufficient Data 3.6 D

ALSE B

AV of the date when notice is issue

NAV after the date of dividend None of the above A

old ETF Index Fund Gilt edge Security B

ALSE A

alance fund Equity oriented Balance fund Debt oriented Aggressive MIP B

uilding Gold Art A

months 12 months 3 financial year B

vidend payout Dividend reinvest Capital gain A

verage account size Portfolio composition Stock market conditions A

nit capital Deposits None of the above B

0.25 0.4 0.1 B

0.0475 0.06 0.0525 A

ternational fund Index fund Gilt fund. A

ofit after tax realized & non realized profit none of the above A

alance fund Equity fund Liquid Funds C

oker AMC Distributor B

ommon for all scheme Both None of above B

ALSE A

2 1 data insufficient B

4 3.33 5C
5 Not more than 2 >10 C

ensures that the investor reaps t Some funds allow the investor the inveAll of the above. D

pricing is linked to the index It offers the investors the benefit of fl ETFs recover heavy load from the invD

alanced funds Commodity funds Fund of funds. D

onvenience and flexibility Tailor made portfolio Liquidity. C

old Sector Fund Gold Future Jewellery's A

Bills Certificate of Deposit Gilt B

quity Debt Real state D

OPTION B OPTION C OPTION D Answer

Dividend Nomination Redemption A

Sponsor AMC and Trustee Custodian C

same for all scheme by trustee Prescribed by SEBI D

FALSE B

Memorandum of the articles of asPAN card Authorized signatory list A

5 yrs 10 yrs investors stay invested D

FALSE B

FALSE B

custodian AMC trustee A

Front line stocks Index stock Gilt security A

selecting stocks in a portfolio o regular monitoring investment awareness of risk factors B

CAGR total return simple annualized return B

Redemption of debt fund Redemption of equity fund All of above C

400 3600 depends on NAV C

asset of borrower credit rating profit of borrower C

Energy product spices Fibres A

Change with the value of the inv Decrease gradually every day Be volatile in long-term B
 1951 1970 1994 A

Market Price Both none of the above B

Growth Fund Liquid Fund Income Fund B

Gilt edged securities Index fund Gold ETF D

These schemes can generate highe

Investors can buy of sell units onETF offer tax benefits. C

Trust Partnership firms. NGO B

A company director Promoter of a company CEO C

Banker R&T Agents, Custodian C

Trustees SEBI AMC B

FALSE A

Stock Exchanges, RBI SEBI C

All classes of unit holders Retail individual Institutional unit holders B

FALSE A

Money market fund Balance fund Debt Fund C

FALSE A

As per decided by trustees equally for all holders In proportion of holding D

Before 10 am following day after 10 pm same day Before 9 pm following day B

Periodic disclosure of AMC'c ac On-line purchase and sells of uniDispatch of dividend within 30 daC

FALSE A

To give the FM's commentary onTo report the performance of sc To give investors information abo D

30 days 45 days Forever A

Statement of additional informatiScheme information document Addendum C

Name ff Fund Manager Investment Pattern Type of risk profile B

Memorandum of Association Statement of additional informat Key information of memorandum D

Given by AMFI Varies to fund to fund By Stock Exchange A

FALSE A

FALSE B

Annual fees Share in AMC's profit Commission D

Distributors do not get trail com Distributors get upfront and trail Distributors do not get upfront andD

FALSE B

all classes of unit holders retail individual class None of above B

FALSE A

he needs to give the NOC from prAMC may allow or disallow All of above A

FALSE B

FALSE B

Updation in OD Updation in KIM None of above A

Investment objective of fund Load None of above B

NAV both None of the above A

Gilt fund Equity growth Fund Treasury bills A

FALSE A

Treynor ratio Both None of the above C

Balance Fund Sector Fund Thematic Fund A

Top down Both None of the above A

No A

More than direct investment in Equal to direct investment in sc None B

Income G-securities Liquid Plus B

FALSE B

Status of Individual Mode of holding PAN A

FALSE A

>1 yr Anytime <2Yrs A

0.125 0.1038 0.3 A

 0.125 0.1038 0.3 A

NISM certified & AMFI registe Both None of the above B

More than 1 Less than 1 None of the above A

FALSE A

FALSE A

More then 91 days maturity Less then 1 year maturity More then 1 year maturity A

Company Society None of the above A

R&T Custodian Sponsor C

FALSE B

Rules & Regulations Terms & Conditions Non of the above A

SID OD All of above D

Once in month Once in year weekly C

Charged by the AMC, R&T fee Marketing and selling fee All of above D

FALSE B

FALSE A

1.89 Percentage 8.00 Percentage Non of the above B

Next Day NAV Previous day NAV NAV of the day when funds are reaD

10 30 50 A

FALSE A

Address proof Photo id proof All of above D

Address proof Driving license All of the above A

Transaction slip with purchase c Only cheque None of the above B

A OPTION B OPTION C OPTION D Answer

rs The Custodian The Distributer R & T Agents. C

FALSE A

FALSE B
 FALSE B

NRI Proprietary firm FII D

ify Nature of schemeshall only advertise compoundeshall mention the dividend declaAll of the above D

k is minimized Idle funds situation reduced Both None C

10 10.5 12 11.5 A

nt yield+ spread yield spread base + spread payable only on maturity C

r debt Short tenor Debt Floating Rate Securities Debentures A

only Physical Only Financial Asset Mix of different kind of AssD

ecutive early in his caWell Placed Mid Level ExecutiInvestor in Distribution Phase Senior Executive with Well C

butor and its repres Such distributor is approved Such Distributor is registered w Approved by SEBI A

AMFI and SEBI RBI SEBI A

FALSE A

FALSE A

ney Back after 5 yeaProtection against Insurance CoBoth of the above None Of the above B

re Bond RBI releif Bond Post Office recurring Deposit All of the above C

6 years 7 years 3 years A

iduals other than NRIndividual Including NRI and Individuals Including NRI but noIndividuals including PIOs C

FALSE B

g Risk protection Investment Savings B

eans of retail investorProvided benefits of real estat Are popular investment options Are not easy to liquidate B

es of large losses MF ratings Kind of offer documents Incentive to distributer A

pense ration Lowest load Demonstrate superior performan Best portfolio C

ond G-sec fund Income fund Money market fund D

needs Insurance needs Taxation needs Financial goals D

larger house in a bettEconomise Expenses Wifes starts working Husband takes additional paA
vestment amount getsParents reach towards peak ofSaving for retirement gets mini Saving for investment is notB

FALSE A

nt is trying to convertInvestment in bank FD can be tInvestment share can be translateInvestment in MF helps the A

e Rs 5 crore Rs 4 core Rs 2 crore A

months of the end of tWith 3 months from the begininWithin 3 months from the end ofWithin 6 months of the end oC

FALSE A

ses can be offset agaLong term capital losses from Short term capital losses can be Long term capital losses in eD

Profit of invested company Portfolio None of the above C

Statements Quality of Management Competitive Position All of the above D

er Share Price to Earnings ratio Book Value Per Share Price to Book Value B

d Index Fund Equity fund Debt fund B

High Medium A&B A

n Approach Bottom – up Approach Either A & B None Of the above B

in Capital Loss No Profit No Loss None Of the above A

Reserve Bank of India Central Government State Government B

FALSE A

ICRA CARE & FITCH All of the Above D

FALSE B

Futures Options and swaps All of The above D

15 20 25 30 B

Funds Mid cap funds Contra funds Dividend yield funds C

Lowest Zero None of the above B

nter – Bank Offered Money Inter – Bank offered OfMutual Inter – Bank offered rate Multiple Inter – bank OffredA

FALSE A

Growth Settlement Real Time Gross Settlement Real Technique Gross SettlemenReal Technique Growth SettB

n Supported by BlocApplication Supported by Blo Application Supported by Bloc None of the Above C
 FALSE A

FALSE A

Standard Deviation Beta Any of the above D

FALSE A

stration Number AMFI Registration Number Application Registration NumberAccount Registration NumbeB

6 9 5 8D

2 6 5 3D

FALSE B

e officer Chif executive officer Managing Director Any of the above A

5 10 7 15 A

5 7 2 10 C

FALSE B

SEBI AMFI All of the above B

mend and Promote best

To interact with the securities To represent to the Government, All of the above D

equity Scheme Diversify Debt Scheme balanced scheme None B

Agents Sub Brokers Any of the Above D

FALSE A

d Exit Load Expense Dividend Stripping B

4 3 2 1A

D Remittance ASBA Any of the Above D

FALSE A

FALSE A

FALSE A

FALSE B

ection Stock Selection Weighted Average Maturity No of Securities in portfolioC

eme Balanced Scheme Gilt Fund Savings Bank Account D

nted Financial Plan Comprehensive Financial Plan Financial Goal None of the above C

FALSE A

Corporate Debt government Securities All of the above D

IRDA PFRDA+IRDA None of this A

10% More than 25% More than 50% All of the above C

nd Regulatory and DProvident Fund Regulatory an Pension Fund Regulatory and DeAll of the above C

FALSE A

ontract Exchange National Currency Exchange National Commodity Exchange National Conversion ExchanC

FALSE B

sit Scheme MF Both A and B None of this C

erest Lack of awareness Lack of Money Lack of confidence B

FALSE A

FALSE A

ion Transition Reaping Intergenerational Transfer D

FALSE A

Increases No change Any of the above A

Research Houses Both None of this C

sset Allocation Strategic Asset Allocation Flexible Asset Allocation Fixed Asset Allocation A

FALSE A

ormation Financial Information Personal Information All of the above D

OPTION B OPTION C OPTION D Answer

R&T Sponsor AMC C

Compute NAV Manages money under None of the above A

Closing NAV of the next business dayClosing NAV of the day preceedingClosing NAV of the day preceesingB

Identify financial Goal Selection of Sector Selection of the scheme A

FALSE A

FALSE B

Decreases Increases Insufficient data C

Closing NAV of the Application Day Closing NAV of the day preceedingClosing NAV of the day preceedingB

40 year old man with a family with gr Young call centre executive Yound couple with 2 school going A

Conservative Investor Adventurous Investor Aggressive Investor D

100000*(1+0.05)*3 100000/(1+0.05)^3 100000/(1+0.05)*3 C

Debit card with photo ID Credit card with Photo ID Voter ID proof C

Insurance Companies AMCs PFMs D

They are published on the website of Available in SAI ( Statement of Add C

Risk Factor Due Diligence certificate None of the above D

FALSE A

b) Scheme in which the money is inveThe day on which the application is The amount which is getting investC

FALSE A

Investor making fresh purchase duringChange in the unit capital of the th Investor redeeming the money durinC

Nil 0.0025 0.00017 A

Nil 0.0025 0.00017 A

Nil 0.0025 0.00017 C

GOLD ETF Index ETF Diversified Equity Fund B

FALSE B

Invest all money into equity at one go Start STP from liquid fund into EquReview the financial plan B

FALSE A

Closing NAV of the Application Day Closing NAV of the day preceedingClosing NAV of the day preceedingA

FALSE B

FALSE B
b) 0.75% 0.025 0.0225 D

There is no dividend declared The number of units increases over There is a Tax Deffereal C

FALSE B

8 Not sufficient Data 5A

FALSE B

3.6 3 0.25 B

FALSE A

Diversified Equity Fund ETF Sector Fund A

Branches of public Sector Bank Branches of reserve bank of India Branches of Forein Banks C

Secutised Debt ETF B

AMFI guideline and norms for Invest AMFI guideline for Asset Manage AMFI Guideline for Non Indians A

Balance Funds Liquid Funds Equity Funds D

FALSE B

Fair market value as the the guideline Price decided by the offmarket TradNone of the above B

FALSE B

Asset Allocation Financial Planning Financial Desire A

Art and Gold Fund Growth and Value Fund Active fund and Passive Fund B

FALSE B

Additonal Purchase by the existing invFirst time investment in any of the Additional Purhase by the existing A

No defaul Involve Returns can be reasonably predictedAll of the above C

Monthly Quarterly Half Yearly C

AMC Sponsor Custodian A

CP T Bills Gilt Scheme C

Liquid Schemes GILT Schemes FMPs C

FALSE A
GOLD Mutual Fund Bank Balance B
FALSE B

Quality of the operation of the compa Gold Price All of the above D
Equity Fund Debt Fund Sector Fund C

Asset Alllocaton Model Portfolio Tracking error A

TRUE A
Sponsor and Custodian Trustee and AMC AMC and Sponsor A

SWP SIP All of the above B

FALSE A

Office time of R&T As per the time of stock market Cut-Off time decided by SEBI for D

Commitment to abide by instruction giv

Provide all information and documeAll of the above D

FALSE B

FALSE A
Liquidity Ratio Annual Turnover Ration All of the above A

Extremally Liquid and cost effedctive Highly illiquid Offer the benefit of both real esta D

Premature withdrwal is allowable afterAny amount of investment in the s Tax free return every year D

All his member completely All mutual fund company All share brokers B
All joint holders Only 1 Holder
st Any One B

1 3 2C

3 3 6D

Gilt Fund.Liquid Fund,MIP Diversify Debt,Gilt Fund, Liquid FuMIP ,Liquid Fund, Diversify Debt. C

FALSE A
FALSE B

Payable to Sponsor Payable to Distributor whose ARN iNone of the above A

FALSE A
Chapter IV Schedule II Schedule V ( 5th Schedule) D

Trustees Sponsor R&T A

Only International Equity Only International Debt All of the above A

Dividend Dividend Reinvest A

Nifty Junior S&P Nifty S&P 500 A

Print the application Form Finalise the Launch Date All of the above A
Index Fund Equity Fund Off shore Fund B
FALSE B

FALSE A

Adjusting the Purchase Price of the FuConsidering the growth of partcular All of the above B
Securities yielding Regular Return Both None of the above B

Monthly Six Monthly Yearly A

There is no difference Unit certificate is issued at the ti Account statement shows closing bal
A

Risk arising from the non- diversificatNo previous experience in managingMovement in NAV because of the D
0.0125 0.025 0.015 D

FALSE B
FALSE A

FALSE B
ECS PDCs All of the above D
Bank deposit Real Estate Commodity B

Transition phase Distribution phase No such relation with any phase of A

l