1. Which among the following investment avenues does not offer income on a regular basis?

2. Which amongst the following asset categories can also be purchased for consumption purposes apart from an investment?

3. The purchasing power of currency changes on account of which of the following?

4. What is the real rate of return?

5. When the interest rate in the economy increases, the price of existing bonds .

6. ——–indicates how much money can be generated per unit of mutual fund in case the scheme is liquidated.

7. Each mutual fund scheme must have a stated investment objective. State whether True or False.

8. Which of the following is an advantage of mutual funds?

9. The transparency levels in mutual funds are very low. State whether True or False.

10. Which amongst the following categories of mutual funds have a fixed maturity date?

11. Mutual funds are constituted as ‘Trusts’ in India. Who are the beneficiaries of the trust?

12. Who handles the day-to-day management of the mutual fund?

13. Whose job is it to track the various corporate actions like a bonus, dividend, or rights issues in companies where the mutual fund scheme has invested?

14. Registrar and Transfer Agency function must be independent of the Asset Management Company, and it cannot be retained in-house. State whether this statement is True or False.

15. With which agency are the mutual fund distributors registered?

16. Which of the following regulates mutual funds in India?

17. Mutual funds can buy and sell securities only on delivery basis. State whether this statement is True or False.

18. What minimum percentage of the mutual fund scheme corpus must be invested in equity and related instruments in the case of Equity Linked Savings Schemes (ELSS)?

19. Which of the following statements is ‘True’ with respect to celebrity endorsement for mutual funds?

20. Investors have the right to specify up to nominees for their mutual fund investment folios.

21. “Please read the scheme related documents carefully” – which documents does this line refer to?

22. Which of the following statements is ‘TRUE’ with respect to the Scheme Information Document (SID) and Statement of Additional Information (SAI)?

23. How often should the Key Information Memorandum (KIM) be updated?

24. The NAV of scheme is disclosed on the website of ______?

25. Which among the following is not a statutory document?

26. Only individuals are allowed to distribute mutual funds in India. State whether True or False.

27. Mutual Fund Distributors Certification Examination offered by ___ is required for becoming a mutual fund distributor.

28. In what form do mutual fund distributors earn revenue?

29. Mutual fund distributors can only earn upfront commission from the mutual funds. State whether True or False.

30. Mutual fund distributors earn no commission when the investor chooses to invest in “direct” plans. State whether True or False.

31. As per the fair valuation principles laid out by SEBI, it is mandatory to disclose the valuation policy in .

32. Investors have bought 20 crore units of a mutual fund scheme at Rs. 10 each. The by the scheme is Rs 8 crore, scheme expenses payable (accrued but not paid yet) is Rs 4 crore. Calculate the scheme’s NAV per unit.

33. What is the maximum Total Expense Ratio chargeable in case of index funds?

34. In case of mutual fund schemes, dividends can be paid only out of

35. Mutual funds are allowed to charge differential exit loads based on the amount of investment.

36. What is the tax applicable on the income earned by the mutual fund schemes?

37. Redemption from which of the following mutual fund schemes would attract Securities Transaction Tax (STT) for an investor?

38. In the non-equity-oriented funds, with equity in the range of 35 to 65 percent of portfolio, the rate of long-term capital gains tax is .

39. In case of capital gains from mutual fund investments, Tax Deduction at Source (TDS) is applicable for:

40. The Income Tax Act allows setting-off of the short-term capital loss against long term capital gains. State whether True or False.

41. What term is used to describe the Net Asset Value (NAV) of the scheme after the dividend is paid out (Remember the NAV would have dropped to the extent of the dividend paid)?

42. At what price are the bonus units issued to the unitholder?

43. Which of the following statements is True?

44. Whose KYC needs to be completed in case of an application by a minor?

45. How many (maximum) bank accounts can a resident individual investor register with a mutual fund folio?

46. Government securities can be considered to be completely risk-free from defaults. State whether True or False.

47. Unsystematic risk can be reduced through diversification. State whether True or False.

48. Which of the following type of analysis tracks the price and volume data related to trading in the security?

49. Which is the most appropriate measure of evaluating how closely an index fund is tracking its benchmark?

50. An investor invested in scheme A when the scheme’s NAV was Rs. 120 per unit. The investor redeemed the investments at the NAV of Rs. 135. Calculate the simple return.

51. Which of the following is a measure of fluctuation in periodic returns in an equity mutual fund scheme?

52. ‘Once it is finalized, a mutual fund scheme’s benchmark cannot be changed at a later date.’ State whether the statement is True or False.

53. Which amongst the following is a measure of risk-adjusted returns of mutual fund scheme?

54. Which of the following cannot be considered for the purpose of selecting a scheme’s benchmark?

55. ———-takes into account all dividends generated from the basket of constituents that make up the index in addition to the capital gains.

56. Which of the following scheme categories would be considered the least risky in terms of credit risk?

57. For an investor to get a quick sense of the level of risk involved in a mutual fund scheme, SEBI suggested a simplified framework known as .

58. Passive funds are safe, as the NAV of such funds do not go down even when the respective markets fall. State whether this is True or False.

59. Which among the following schemes would have lower risk of concentration?

60. ——are close-ended debt funds.

61. Which of the following will define the risk and return features of a mutual fund scheme?

62. According to SEBI guidelines, every mutual fund scheme should have a minimum of ___ investors.

63. Smita is a young investor and her parents advise her to invest in fixed deposits of banks for her retirement. If Smita follows her parents’ advice, what risk does she face?

64. The ARN number is assigned by_________.

65. Which of the following need to compulsorily register as investment adviser with SEBI?

66. Which of these funds have the lowest to highest risk sequence?

67. The expenses of ________ cannot be charged to a mutual fund scheme.

68. Mutual funds can accept cash to the tune of Rs __________ from small investors who do not have a PAN.

69. Identify the TRUE statement:

70. Asset allocation means_____________.

71. The facility of Application Supported by Blocked Amount (ASBA) can be used for:

72. When is the Scheme Information Document (SID) updated?

73. Which of these entities can invest in Indian mutual funds?

74. Distributors can ‘opt-out’ of charging transaction charges:

75. Which is the first step that a mutual fund distributor should take in building a mutual fund portfolio for his investors?

76. Relaxation in documentation requirements for micro-SIPs is available for:

77. Gold Future Contracts:

78. Different investors have different investment needs and objectives. This is the reason Mutual Fund offers different:

79. Identify the true statement with respect to ‘Unclaimed Dividend’ in mutual fund schemes:

80. Does every trust have beneficiaries?

81. Which of the following is the most important source of information for a prospective mutual fund investor?

82. The offer document need not be studied by an investor before investing in a scheme.

83. Mutual funds value their investments:

84. Investors are totally exempt from paying any tax on the dividend income they receive from mutual funds.

85. A close-ended scheme has average weekly net assets of Rs 200 crore. As per SEBI regulations, the AMC can charge the fund with investment and advisory fees up to:

86. Which of the following is the first step in financial planning?

87. Which of the following need to compulsorily register as investment adviser with SEBI?

88. Mutual fund units can be distributed by:

89. Which of the following can deal with multiple insurance companies?

90. When a scheme with assured returns is being launched, which of the following need not be published in the offer document?

91. Which of the following is NOT a function of the Asset Management Company (AMC)?

92. Which document must be provided to every investor when they invest in a mutual fund scheme?

93. What is the main purpose of a benchmark index for a mutual fund scheme?

94. Which of the following is a non-financial transaction in mutual funds?

95. The cut-off time for purchase of units in a liquid fund for same-day NAV is:

96. What is the minimum number of investors required in a mutual fund scheme as per SEBI regulations?

97. Which of the following is true regarding the Know Your Customer (KYC) process?

98. What does the term ‘load’ refer to in mutual funds?

99. Which of the following is NOT a type of mutual fund scheme?

100. What is the role of AMFI in the mutual fund industry?