Correct

Sr No Question Option A Option B Option C (optional) Option D (optional)

Answer

1 DDT( Dividend Distribution Tax) in debt fund is? ₹0.25 ₹0.13 ₹0.20 ₹0.10 A

Mr. X has 1000 shares of XYZ ltd. , company declares 1:2 bonus, how many additional
2 ₹1,000.00 ₹2,000.00 ₹500.00 ₹3,000.00 C
shares will he get?
Calculate NAV. Market price of Stock -95 Cr, Market price of Money market instrument –
3 6.44 Cr, Dividend accrued but not received -1.99 Cr and Fees payable – 0.25 Cr. Out ₹137.57 ₹132.26 ₹138.24 A
standing Units -75 Lakh
Mr. X has invested in equity scheme at an NAV of Rs.10.50, Current NAV is Rs.12. Which
4 Notional Gain Valuation Gain B
kind of gain is it ?
Depreciation of fixed
5 Which amongst the following recurring expenses attributes to any Mutual Fund schemes Marketing expenses Fund Accounting Fees None of the above B
Assets

6 Capital loss can not be set off against any head of income. TRUE FALSE A

Equity oriented Mutual

7 STT is payable on : Equities Equity futures All of the above D
Funds
Index funds ( Along with Investment Management Fees ) ,recurring expenses are upto
8 TRUE FALSE B
2.5%.

9 Beta of less than one is considered to be less risky more risky no difference A

10 The difference between NAV and re-purchase price is _______ Entry Load Exit Load Expenses Dividend Stripping B

Mrs. XYZ invests Rs. 50,000 in equity fund, the NAV=22 and the Face value is Rs. 100.
11 ₹500.00 ₹2,200.00 ₹2,800.50 ₹2,272.70 D
How many units will she get?

12 Face Value per unit is usually Rs.10 Rs.1000 Rs.100 A

While Running new fund offer, investor can invest in existing schemes of AMC
13 TRUE FALSE A
subsequently

14 An Investor who is looking for price appreciation in long term should opt for which plan? Growth Dividend Payout Dividend Reinvest A

15 In international Fund, domestic fund is also known as : Feeder Fund Host Fund Fund of Fund None of the above A

16 Which does not pull the return down ? Tax Expenses Yield All of the above C

17 The following distribution channel is not likely to have wide network for distribution Banks IFA Regional Distributor Post Office B

18 Distributors are appointed by AMFI AMC Trustees Sponsor B

19 institutional distributors build reach through EMPLOYEES AGENTS SUB BROKERS any of the above D

20 distributor can charge fee from the investor TRUE FALSE A

21 Which of the following is considered to be a part of institutional category ? FII HUF PIO A

22 Every distributor must be allotted: ARN ARN and EUIN EUIN None of the above B

Distributors have got a new distribution channel by offering MF on the stock market to their
23 TRUE FALSE A
investors.

24 Which group of people are allowed to invest in Mutual funds? Minor HUF NRI All of the above D

25 Appointment of AMC can be terminated by_____ Central Government 75% of Unit Holders Trusties Any of the above B

26 Trust deed is signed between trustees & _______ AMC RTA CEO of AMC Sponsors D

27 Which of the following is not required to be registered with SEBI? R&T agent Custodian Fund Accountant None of the above C
28 Who can appoint a trustee? AMC SEBI Sponsor Custodian C

29 Life Insurance is meant for Investment Tax Saving Liquidity Risk Coverage D

30 Childhood stage in Life Cycle and Wealth Cycle are same. TRUE FALSE B

31 Winning lottery is an example of Sudden Wealth Wealth Distribution Wealth Reaping A

32 Last Step of developing model portfolio is Identify Risk Scheme Selection Investor Profile Setting Financial Goals B

Advise the client against put client in touch with

Client approaches the Financial Planner for getting a housing loan. The financial planner Arrange for financiers for Advise client on terms and
33 loan as it is unethical to concerned people for getting A
should do all of the below except: the client conditions of the loan
borrow the loan
Today’s cost can be translated into future requirement of funds using the
34 A = P X (1 + i)^n A = P / (1 + i)^n P = A^ n X (1 + i) P = A^ n X (1 + i) A
formula:
Goal-oriented Financial Comprehensive Financial
35 Providing funds for a daughter’s marriage is an example of _______. Financial goal None of the above C
Plan Plan
Rs. 5 Lakh investment in Rs. 50,000 in Liquid
36 Same day NAV is applicable for application submitted before 3 PM in the following case Rs. 1.50 Lakh in Debt Fund Any scheme B
Equity Fund Fund
Shares of Gold Mining
37 Nomination is not possible in the following asset Gold Gold ETF Gold Sector Fund A
Companies

38 What is/are the benefit/s of Demat? Paperless Transaction Direct credit of dividend None of the above All of the above D

39 Time stamping is done at Distributors Office Banks Point of Service Point of Acceptance D

40 HUF Karta can be female TRUE FALSE B

41 A person can invest in mutual fund without pan card for a limit of_______per AMC ₹1,00,000.00 ₹50,000.00 ₹20,000.00 Not permited B

Time mentioned of web

42 Time stamping of online transactions is considered as Time of the web site Time of the PC brouser, at order Time with investor C
punched
ETF offers advantage of buy and sell their units in the stock exchange at various prices
43 TRUE FALSE A
during the day that closely track the market at that time.
A bank issues Foreign Inward Remittance Certificate (FIRC) for money coming from
44 TRUE FALSE A
abroad.

45 The person to whom units are pledged is known as : Pledgor Pledgee Lender Broker B

46 Foreigner can not invest in Mutual funds even after completing KYC. TRUE FALSE A

NAV of the business day

on which the funds are
If an investor make a purchase of Rs 1.5 cr in Gilt Fund with Local Cheque. NAV applicable
47 Same Day NAV Next Business Day NAV available for utilization None of the above C
will be
before the cut-off time of
that day is applicable

48 Money markets are regulated by RBI SEBI AMFI Central Government A

49 Individual investor can't pledge Mutual fund Units. TRUE FALSE B

50 Investment objective is closely linked to _____ scheme plan option sip A

51 SEBI does not allow payment of commission Investors Distributors Bank A

Some pension funds are limited by charter to take equity exposure only through Index
52 TRUE FALSE B
Funds.
 Anyone who is aggrieved by a ruling of SEBI, can file an appeal with the Securities
53 TRUE FALSE A
Appellate Tribunal (SAT) .

AMFI Guidelines and AMFI Guidelines and Norms

54 Full Form of AGNI A
Norms for intermediaries for investors

55 If dividend is not paid within 30 days from date of declaration, interest is charged at rate of ₹0.18 ₹0.24 ₹0.12 ₹0.15 D

56 _________ is an example of Self Regulatory Organization ( SRO) BSE SBI AMFI None of the above A

Scheme other than ELSS and RGESS can remain open for subscription for maximum of
57 10 days 15 Days 8 Days 2 Days B
_____

58 Format of KIM is prescribed by SEBI Trustees AMC Custodian A

Within 3 months from the

59 SAI needs to be updated Once in a year Every 6 months No need to update B
closure of Financial Year

60 KIM is attached with _____ Application Form Transaction slip OD All of the above A

61 KIM has to be updated every ______ 6 months 1 year End of 1st quarter Need based D

Which among these documents is not a source of information about investors eligible to
62 OD SID Scheme Annual Report KIM C
invest in MF Scheme ?

63 KIM is abridged version of Offer Document. TRUE FALSE A

64 Free risk profiling tool is available with following companies websites AMC Distribution Agencies Research Agencies All of the above D

65 When share market corrects, altering the investment strategy is called Tactical Allocation Strategic Allocation Market Allocation None of the above A

66 for a young call centre employee who is un married, the wealth cycle phase would be Accumulation Distribution stage Reaping Stage A

Portfolio of a middle class person for retirement planning should not be high on equity as
67 TRUE FALSE B
there the risk is also high.

68 Asset allocation should be done according to : Investment needs Financial goals Insurance needs B

69 Which of the following family information has influence on Risk Appetite Earning Members Dependent Members Life Expectancy All of the above D

70 Asset Allocation can vary because of which reason Change in market change in interest rate Both of the above None of the above C

71 Risk appetite of investors is assessed through _______ Risk Appetizers Asset Allocators Risk Profilers Financial Plan C

72 What is the market price of a stock having a P/E Ratio of 10 and EPS of 5? ₹50.00 ₹2.00 ₹500.00 None of the above A

What is the book value of a stock which is having a share capital of Rs. 1300 Crores,
73 ₹14.00 ₹12.00 ₹140.00 ₹16.00 A
Reserve and Surplus of Rs. 100 Crores and having outstanding shares of 100 crores?

74 return on portfolio is 6%, risk free return is 3% and beta is 0.5. calculate the treynor ratio. ₹3.00 ₹6.00 ₹4.00 ₹5.00 B

Return on portfolio is 6%, risk free return is 2% and Standard Deviation is 0.5. Calculate
75 ₹6.00 ₹8.00 ₹4.00 ₹5.00 B
the sharp ratio.
Standard deviation can be calculated in excel with the help of which of the following
76 Std Cov Var STDEV D
formulas?
What is the CAGR on the portfolio where the fund was purchased at 10.5% and sold at
77 ₹0.06 ₹0.11 ₹0.07 ₹0.09 A
12.5% after 3 years
What is the absolute return on the fund which had an NAV of 13.8 after the NFO launch at
78 2800 times ₹2.80 ₹0.28 ₹3.80 B
the face value of 10?
Mr. X has invested in equity scheme on Jan 31, NAV was Rs.10.50. On May 31, NAV was
79 -₹0.02 -₹0.20 -₹0.02 -₹0.00 A
Rs.10.32. Calculate simple return on scheme in this period ?
80 Formula of calculating the future cost of Rs.25 lacs today after 5 years with inflation of 8% 25 lacs * ( 1+0.08) ^ 5 25 lacs / ( 1+0.08) ^ 5 25 lacs / ( 1+0.08) * 5 A

81 Risk can be measured by : Variance Standard deviation Beta Any of the above D

82 Conservative investor does not invest in Sector Fund Large size fund Balance Fund Arbitrage fund A

83 Value funds are generally more suitable than Growth funds in stable market bullish market bearish market All of the above C

The average net assets of a fund is 500 Cr. And the total buying and selling is 1000
84 20 Times 2 Times 0.5 Times 10 Times B
Cr.What is the portfolio turnover ratio
Equity Oriented Balance
85 Investors looking to select hybrid funds with tax benefit must choose Conservative MIP Debt orriented Balance Fund Aggressive MIP C
Fund

86 Junk bonds invest in _____ T- Bills Gilts Low yield bonds High Yield bonds D

87 Arbitrage funds are taxed as : Equity funds Debt funds Hybrid Funds Balanced Funds A

88 Equity oriented funds invest in __________ % in equities ₹0.50 More than 50% ₹0.60 65% & above D

89 Fund of funds invest in NAV of other funds Equity Securities Debt Securities None of the above A

90 During economic turmoil it can be risky to invest in ________ Mid & Small Cap Large Cap Diversified Equity fund Growth Fund A

91 FMP suffers Interest Rate Risk. TRUE FALSE B

92 More than 50% of the wealth of indians are in financial assets TRUE FALSE B

93 Under the new pension scheme, tier || account is a savings account. TRUE ₹0.00 A

94 Deposit Insurance is applicable in case of Mutual Funds. Up to 1 lakh Up to 10 lakh Nil C

95 Financial asset included Real Estate Gold Capital Market Securities All of the above C

96 Investors can buy gold deposits through mutual funds and Banks. TRUE FALSE B

97 Real Estate is under control of investor who draws psychological comfort. TRUE FALSE A

98 Which of the following asset class is riskier asset in New Pension Scheme ( NPS ) ? Asset Class E Asset Class C Asset Class G A

99 In the event of turmoil, value of gold ________ Increases Decreases Remains Constant None of the above A

100 Which of the following is a physical asset ? Building Gold ETF MF FD A