1. The Mutual fund is constituted as

2. A Self Regulatory Organisation can regulate

3. Bank owned Mutual Funds are supervised by

4. In case of merger of two AMC, 75% of the unit holders have to approve the merger in case of

5. The first level regulator of AMCs is

6. As per SEBI guidelines, a due diligence certificate is not

7. An offer document contains an AMCs investor grievances history for the past

8. For scheme to be able to change its fundamental attributes, the fund managers must obtain the consent of

9. SEBI does not require the following to be included in the offer document issued by a mutual fund

10. Mutual funds do not justify the need for paying commission to agents when the investors skip out of the scheme before a specified period. In India this practice is adopted by

11. An aggrieved unit-holder of a mutual fund can sue

12. Distributors or agents

13. If a charitable trust approaches a distributor with an application for investment in a mutual fund, the distributor should

14. One of your friends who have invested in a mutual fund is about to get Canadian citizenship. What would you advise?

15. The AMFI code of ethics does not cover the following prescriptions

16. Unit holders’ right to information does not include

17. A Debt fund distributes 10% dividend. How much tax does the investor have to pay on this dividend?

18. Contingent Deferred Sales Charge (CDSC)

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

20. A high P/E multiple of a fund in comparison to average market multiple could be of

21. A company whose earnings are strongly related to the state of economy is a

22. A value manager does not look for

23. A bond’s rating indicates its

24. When interest rates rise, bond prices

25. As per SEBI, mutual funds can borrow for short term to the extent of

26. A mutual fund is not allowed to invest in the sponsor company,

27. Liabilities in the balance sheet of a mutual fund are

28. A funds weekly average net assets are Rs. 1000 crore. What is the limit on the expenses of the fund?

29. A fund’s investments at market value total Rs.700 crores, Total liabilities stand at Rs.50 lacs and the number of units outstanding is 28 Crores. What is the NAV?

30. For valuation of traded securities, which of the following is not 1?

31. A high portfolio turnover in an equity fund means

32. An actively managed equity fund expects to

33. An Investor buys one unit of a fund at an NAV of Rs.20. He receives a dividend of Rs.3 when the NAV is Rs. 21. The unit is redeemed at an NAV of Rs.22. Total Return is

34. For evaluating sectoral funds, the preferred benchmark would be the

35. The appropriate benchmark for evaluating a fund’s performance depends on

36. The Expense Ratio as a measure of a fund’s performance is defined as

37. The most suitable measure of fund performance for all fund types is

38. Financial planners and their clients should focus on

39. Financial Planning comprises

40. Which of the following is the first step in financial planning

41. Within an asset class, which individual security to invest in should be decided by ?

42. The biggest disadvantage of investment in real estate is

43. The maturity period of RBI Relief Bonds is

44. The most important factor look for when investing in a corporate fixed deposit is the

45. The most important reason for an investor to prefer a bank deposit to a mutual fund is

46. Annual contribution to Public Provident Fund should be

47. Compounding of interest is best explained by a

48. The strategy advisable for an investor to maximise investment return in the long run is

49. Listing of shares at a stock exchange ensures

50. Flexible asset allocation means

51. The transition phase of an investor’s wealth cycle is when the

52. A criticism of rupee-cost averaging is

53. A very high proportion of investment in all types of equity funds is advisable for investors

54. Of the following, which would be suitable for a retiree with a modest risk appetite

55. Which of the following lets an investor book profits in a rising market and increase holdings in a falling market

56. For older investors who want to transfer their wealth

57. A wealth preserving affluent investor is likely to invest pre-dominantly in

58. A fund with stable positive earnings

59. Investors should be advised to avoid investing in a debt fund with a

60. Which of the following funds should a risk-averse investor choose?

61. The Board of Trustees of the UTI does not have nominees from

62. A gilt fund is a special type of fund that invests

63. The private sector was granted permission to enter the mutual fund industry in

64. A close-ended scheme is quoted on the stock exchange at a discount to its NAV when

65. In the re-investment option offered by mutual funds, the number of units held by an investor increases because of

66. Transfer Agents of a mutual fund are not responsible for

67. Who is the primary guardian of unit holders’ funds/assets ?

68. If the schemes of a mutual fund are taken over by another mutual fund, which of the following is ?

69. The amount of authority enjoyed by a self-regulatory organisation is defined by

70. The role of AMFI in the mutual funds industry is not to

71. A due diligence certificate does not certify that

72. Along with the application, it is mandatory to distribute

73. An offer document contains the summary of expenses history of all schemes for the past

74. Excess distribution expenses are to be borne by the

75. Offer Document of a mutual fund is

76. Procedure for redemption or repurchase need not

77. SEBI guidelines for agents includes

78. Agents are compensated by mutual funds

79. An agent’s appointment by a fund

80. An investor buys units in a fund that has given excellent returns in the past, but his expectations are not met, as the fund does not perform well this year. The investor can

81. Are Overseas Corporate Bodies allowed to invest in Mutual Funds ?

82. Documents available to investors for inspection do not include

83. Distribution tax should be taken into account when computing net returns from

84. A mutual fund declares Re 1 as distribution. The income in the hands of unit holders is

85. For a close-ended fund, the repurchase price should not be lower than

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

87. A passive fund has the following feature

88. A growth manager looks for

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

90. Continuous tracking of the companies in which a mutual fund has invested is done by

91. Dividend yield for a stock is

92. Which of the following is applicable to the debt market in India?

93. A bond with a coupon of 9% when interest rates for similar maturities are 11% will sell

94. Certificates of Deposits (CDs) are issued by

95. Current yield relates interest on a security to

96. Mutual funds are allowed to borrow

97. Which of the following measures are not taken by SEBI for protecting investors of mutual funds

98. In a mutual fund investors’ subscriptions are accounted for as

99. A funds NAV is affected by

100. Which of the following expenses cannot be charged to the scheme