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c.
d.
c.
d.
b.
c.
d.
gilt funds
growth funds
balanced funds
h.
g.
h.
25%
10%
g.
h.
h.
g.
h.
i.
j.
i.
j.
k.
l.
i.
j.
k.
l.
l.
the Internet
n.
n.
o.
p.
2.
3.
4.
investment managers
distribution agents
regulators
o.
p.
l.
q. True
r. False
216 The most important source of information for a
prospective investor is
o. offer document
p. Annual Report of the AMC
q. Economic Times
r. AMFI Newsletter
217 The offer document need not be studied by an
investor before investing in a scheme
q. True
r. False
218 The offer document is not a legal document
o. True
p. False
219 Initial issue expenses are charged to a scheme in
the first year itself
m. True
n. False
220 Scheme-wise annual report of a mutual fund
need not be
q. sent to all unit-holders
r. forwarded to SEBI
s. published as an advertisement
t. stock exchanges
221 Mutual funds value their investments
o. at purchase price
p. on a mark-to-market basis
q. at par
r. at book value
222 Investors are totally exempt from paying any tax
on the dividend income they receive from mutual
funds
o. True
p. False
223 Income distributed to unit-holders by a debt fund
is liable to dividend distribution tax
o. True
p. False
224 A close-ended has average weekly net assets of
Rs 200 crore.As per SEBI regulations, the AMC can
charge the fund with investment and advisory fees
upto:
o. Rs 2.25 crore
p. Rs 2.00 crore
q. Rs 2.50 crore
r. Rs 3.00 crore
m.
n.
o.
p.
o.
u.
v.
w.
x.
u.
v.
inflation risk
interest-rate risk
x.
y.
z.
y.
z.
z.
o.
p.
True
False
y.
z.
secured debentures
all of the above
aa.
bb.
cc.
dd.
y.
z.
aa.
bb.
company specific
market level
sector specific
all of the above
x.
y.
True
False
ee.
ff.
gg.
hh.
performance
risk
both the above
none of the above
cc. True
dd. False
423. The differerentiating factor among debt funds of
comparable maturity and quality is
aa. gross yields
bb. costs
cc. fund age
dd. tenure of the fund manager
424. Distribution tax should be taken into into
account when computing net returns from
aa. equity funds
bb. debt funds
cc. both the above
dd. none of the above
425. All debt fund investors are exposed to risk of
principal loss
ee. True
ff. False
426. Running a money market mutual fund requires
more of
cc. credit analysis skills
dd. equity analysis skills
ee. patience
ff. trading skills
427. Which is the most important in selecting debt
fund for better return
ee. past performance
ff. level of interest rates
gg. fund expertise
hh. the securities in which it has invested
428. Investors should be advised to avoid investing in
a debt fund with a
cc. lower rated portfolio and higher expense
ratio
dd. higher rated portfolio and lower expense
ratio
ee. lower rated portfolio and lower expense
ratio
ff. lower rated portfolio and higher expense
ratio
v.
ee.
ff.
gg.
hh.
A Value Fund
A Growth Fund
An Index Fund
Could be any of the above three, one cannot
generalise
kk. Rs.1000
ll. none of the above
461. When a scheme with assured returns is being
launched, which of the following need not be
published in the offer document?
ii. Means of fulfilling the guarantee
jj. Information for all schemes launched by the
fund in the past
kk. comparison with other mutual funds
ll. Investment objective
462. Mutual fund units can be distributed by
ee. trustees of the fund
ff. the AMC
gg. Non-banking finance companies
hh. banks
463. A debt fund distributes 10% dividend. How
much tax does the investor have to pay on this
dividend?
ii. 10%
jj. 12%
kk. 20%
ll. None
464. A debt fund distributes a 10% dividend. How
much tax does the fund have to pay?
ii. 10%
jj. 12%
kk. 10.2%
ll. None
465. How many scrips is the NIFTY constitutes of
cc. 40
dd. 100
ee. 30
ff. none of the above
466. Which of the following is the first step in
financial planning
ii. Asset Allocation
jj. Selection of fund
kk. Studying the features of a scheme
ll. None of the above
467. Why should one buy an insurance policy?
gg. It gives high current returns
hh. It gives good capital appreciation over its
term
ii. It should be bought due to the need for
insurance and not as an investment
jj. All of the above
468. SEBI Regulations for Mutual Funds were
formulated in
aa.
bb.
cc.
dd.
1992
1993
1995
1996
mm.
asset classification, sector
selection, selection of fund managers and
schemes
nn. selection of fund managers and schemes,
sector selection, asset classification
491. Compounding of interest is best explained by a
gg. balanced fund
hh. growth fund
ii. value fund
jj. income fund
492. From whom can a unit-holder seek redressal if
his complaint is not entertained by the mutual fund
ii. AMC
jj. Board of Trustees
kk. SEBI
ll. RBI
493. An investor wishes to switch between a money
market mutual fund and an equity fund. What would
you advise him?
gg. It would be better to stick to one type of
fund, the one that meets his investment
objective.
hh. He should keep switching parts of his
investment from the equity fund to the
money market fund as the market rises and
switch back to the equity fund when the
market falls
ii. He should switch from the money market
fund to the equity fund in a rising market
and switch back to money market fund when
the market falls
jj. none of the above
494. For choosing an appropriate benchmark to
measure a scheme's performance, all of the following
are required except
ee. the composition and size of the portfolio
ff. the investment objective
gg. historical data of fund performance
hh. the nature of investments
495. Which of the following characterise the fund
that a risk averse investor should choose
ee. Gross dividend yield 15% Beta 1.5, ExMarks 90
ff. Gross dividend Neil 10%, Beta 1, Ex-Marks
70
gg. Gross dividend yield 11%, Beta 0.9, ExMarks 80
hh. Gross dividend yield 12%, Beta 1.2, ExMarks 80
Ans
b
b
d
d
c
c
b
c
d
c
b
b
d
c
b
d
b
d
c
c
b
d
c
a
d
d
c
b
c
d
b
c
b
b
b
c
b
c
a
b
b
a
b
c
b
b
c
b
Q. No
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
Ans
a
d
b
d
c
c
c
c
b
d
c
a
d
d
b
c
c
d
c
d
b
b
d
d
c
a
c
a
d
a
c
b
b
b
d
a
b
c
b
b
b
c
c
b
a
b
a
d
Q. No
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
Ans
d
a
b
c
a
d
a
d
d
b
b
c
a
d
d
b
b
a
c
a
b
c
a
d
c
d
d
a
d
a
d
a
b
c
b
d
a
c
b
c
a
b
c
b
d
c
d
c
Q. No
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
Ans
c
d
d
d
b
a
c
d
a
d
a
d
c
c
b
d
c
b
b
d
c
b
b
d
d
b
c
c
c
c
d
b
d
c
b
a
c
a
d
b
d
b
b
a
d
b
c
c
Q. No
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
Ans
b
d
b
d
b
c
a
d
a
c
b
d
d
a
a
a
b
b
b
d
b
a
b
a
c
a
c
c
b
b
d
a
b
b
c
c
c
a
b
b
b
b
a
b
c
a
a
c
49
50
B
A
99
100
c
a
149
150
b
c
199
200
b
a
249
250
A
n
s
a
b
d
c
c
a
a
d
b
a
c
b
b
c
a
b
a
b
a
d
b
b
b
b
b
c
b
a
b
a
b
a
b
c
c
b
b
d
c
a
b
c
d
a
a
c
d
b
Q. No
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
A
n
s
a
a
a
d
b
b
d
d
b
a
d
c
d
d
c
b
b
b
b
a
a
c
d
b
a
b
b
c
b
b
a
a
b
d
c
d
b
d
d
b
s
d
c
d
d
c
b
b
Q. No
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
A
n
s
b
a
d
b
b
d
a
b
d
b
d
a
b
c
b
b
c
c
b
a
b
b
a
b
a
d
d
a
c
a
b
b
a
d
c
b
a
c
a
c
b
c
d
b
b
c
b
a
Q. No
401
402
403
404
405
406
407
408
409
410
411
412
413
414
415
416
417
418
419
420
421
422
423
424
425
426
427
428
429
430
431
432
433
434
435
436
437
438
439
440
441
442
443
444
445
446
447
448
A
n
s
b
c
c
b
a
c
c
d
d
a
c
b
c
a
b
a
a
a
b
b
a
a
a
b
a
d
c
a
b
c
c
c
c
b
c
b
b
b
c
d
c
c
d
b
d
d
a
d
Q. No
451
452
453
454
455
456
457
458
459
460
461
462
463
464
465
466
467
468
469
470
471
472
473
474
475
476
477
478
479
480
481
482
483
484
485
486
487
488
489
490
491
492
493
494
495
496
497
498
A
n
s
a
b
b
c
a
c
c
c
a
c
c
d
d
c
d
a
c
d
b
c
b
a
c
c
c
a
d
c
b
b
a
b
b
a
c
b
b
c
a
c
b
c
b
c
c
c
c
c
c
a
299
300
c
b
349
350
b
a
399
400
b
b
449
450
b
b
499
500
d
b