1. A close-ended mutual fund has a fixed:

2. The maximum load that a fund can charge is determined by the:

3. The amount required to buy 100 units of a scheme having an entry load of 1.5% and NAV
OF Rs.20 is:

4. A gilt fund is a special type of fund that invests:

5. Of the following fund types, the highest risk is associated with

6. The NAV of a mutual fund:

7. An open-ended mutual fund is one that has: 

8. An investor in a close-ended mutual fund can get his/her money back by selling his/her
units:

9. The “load” charged to an investor in a mutual fund is

10. A mutual fund is owned by

11. Units from an open-ended mutual fund are bought

12. A mutual fund is not

13. “Load” cannot be recovered

14. The most important advantage of a money market mutual fund is

15. Some close-ended funds are quoted at a discount to their NAV because

16. The NAV of each scheme should be updated on AMFI’s website

17. Debt funds target

18. In which of the following do debt funds not invest

19. Which of the following risks do not affect a debt fund

20. Assured return or guaranteed monthly income plans are essentially

21. A Fixed Term Plan Series is

22. NAVs of equity funds are not affected by

23. The greatest potential for growth in capital is offered by

24. A Systematic Withdrawal Plan, allows investors to get back the principal amounts invested in addition to the income on investment

25. Which of the following is untrue of an automatic reinvestment plan ?

26. Constraints imposed by most funds on check writing are :

27. The performance of a fund is largely measured by the success of

28. MFs generally invest in securities which are:

29. Which of the following is not an equity instrument

30. The drawback of an ordinary share is

31. An owner of preference shares is given which of the following rights

32. Market capitalisation of a company is calculated by multiplying the number of outstanding shares by

33. The Price/Earnings( P/E) Ratio is an important measure of a company’s anticipated performance. It is calculated using:

34. A Company whose earnings are strongly related to the state of economy is known as

35. A Growth stock refers to shares of a company whose earnings are projected to grow at the normal market rates

36. Which of the following is generally true for a growth stock

37. Shares of companies with large capital market capitalization

38. Dividend yield for a stock is

39. What are Value stocks?

40. A better performance than the return on index is given by

41. A change in key personnel especially the fund manager of an AMC does not necessitate a revision of the offer document

42. If fresh litigation cases or adjudication proceedings are referred by SEBI against the fund sponsors or a company associated with the sponsors, then the offer document needs to be revised

43. The offer document need not be revised if the management or the controlling interest in the AMC change

44. An AMC can explain adverse variations between expense estimates for the scheme on offer and actual expenses for past schemes on other medium than the offer documents:

45. The circumstances for refund of investment in the initial offer and period within which refund must be carried out are not specified in the offer document, but only on the application

46. The following do not form a part of the investment procedure described in an offer document

47. A disclosure should be made in the offer document if an AMC has invested more than the following percentage of its net assets in group companies

48. Information on estimated expenses to be incurred by a scheme is not found in the offer document, but in brochures of the fund

49. When comparing a fund’s performance with that of its peer group, the following cannot be compared

50. An AMC must explain adverse variation between expense estimates for the scheme on offer and actual Expenses for past schemes in

51. The offer document and key information memorandum contain financial information for

52. Information about trusteeship fees is included in the offer document but not in the key
information memorandum

53. The investment objectives of the fund an investor selects for investment

54. The minimum amount to be raised, and the maximum target amount

55. Mutual funds are allowed to borrow

56. As a part of borrowing policy, the following need not be disclosed in an offer document

57. Offer related information required to be listed in the offer document and key information memorandum includes

58. A scheme’s policy on dividends and distribution

59. Valuation norms for non-traded securities should be disclosed

60. Information on estimated expenses to be incurred by a scheme is not found in the offer document, but in brochures of the fund

61. The functions and responsibilities of the sponsor, AMC, trustees and custodian of the mutual fund are listed in

62. The investment policies listed out in the offer document of a fund do not include

63. The circumstances under which a scheme shall be wound up are to be described in the offer document at the time of the initial launch of the scheme itself

64. Procedure for redemption or repurchase need not

65. The following information about the constitution of the mutual fund is found in both the offer document and key information memorandum

66. For assured return schemes, information about the guarantor’s net worth which justifies the guarantor’s ability to meet any shortfalls in the returns assured under the scheme can be found in

67. SEBI restricts mutual fund investments in companies forming part of the same group as the AMC. This is :

68. The fund need not describe its accounting policies in the offer document as these are of no use to an investor

69. If a scheme’s name implies that it will invest primarily in a particular type of security or in certain industry/sector, then it should invest at least the following percentage of its total assets in the indicated type of security/industry/sector

70. In the offer document, funds are required to make disclosures summarizing associate transactions and their impact on the performance of the scheme for the last

71. The accounting policies of a fund should be in accordance with

72. The names and background of key personnel of the AMC

73. Tax treatment of investments does not

74. Documents available to investors for inspection do not include

75. Investor’s rights under a scheme are

76. The offer document for a scheme should describe how the NAV of the scheme is to be computed

77. An offer document contains an AMC’s investor grievance’s history for the past

78. Any pending cases or penalties levied on the sponsors of AMC should be disclosed in the offer document

79. Who among the following are not eligible to invest in MF

80. NRI’s are eligible to invest in Mutual Funds

81. The most important link between Mutual Fund and Investors is

82. Are Overseas Corporate Bodies allowed to invest in Mutual Funds

83. Who among the following are not Institutional Investors

84. It is compulsory to use fund agents/intermediaries for investing MFs

85. Generally, which category of investors need advice for Investing in Mutual Funds

86. Most eligible investors of Mutual Funds can broadly be grouped into either individual or institutional investors

87. Commission rates or loads applicable to big investors and small investors are

88. What document Mutual Fund distributors need to refer for finding out eligible category of investors in a particular Mutual Funds Scheme

89. As per AMFI figures, how many agents approximately, are there in India selling Mutual Funds

90. Which Mutual Fund has majority of the agents selling its Mutual Fund units in India

91. Mutual Fund agents/distributors are not allowed to sell Financial Products other than Mutual Funds

92. Is Mutual Fund agents/distributors in India required to pass any examination to qualify to sell Mutual Fund Units

93. How many major distributors Companies are there in India selling Mutual Fund units

94. The offer document is not a legal document

95. A copy of all changes in the offer document has to be filed with SEBI

96. The legal responsibility for the accuracy of the statements made in the offer document lies with

97. Though the offer document of a scheme is prepared as per SEBI Regulations and is filed with SEBI,SEBI does not certify the accuracy or adequacy of the document

98. The following need not be covered in a Key Information Memorandum

99. The front page of an offer document need not cover

100. A “glossary” of Defined Terms must be included in the offer document