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AMFI Mock Test 01 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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5/22/2019 6:06:36 AM

Total Questions  72

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :The amount required buying 100 units of a scheme having an entry load of 1 point 5 percent and NAV OF Rs 20 is [Mark 2]

Question 2 :The NAV of a mutual fund [Mark 1]

Question 3 :The load charged to an investor in a mutual fund is [Mark 1]

Question 4 :Load cannot be recovered [Mark 1]

Question 5 :The NAV of each scheme should be updated on AMFIs website [Mark 1]

Question 6 :Assured return or guaranteed monthly income plans are essentially [Mark 1]

Question 7 :If a schemes name implies that it will invest primarily in a particular type of security or in certain industry or sector then it should invest atleast the following percentage of its total assets in the indicated type of security or industry or sector [Mark 2]

Question 8 :The names and background of key personnel of the AMC [Mark 1]

Question 9 :The accounting policies of a fund should be in accordance with [Mark 1]

Question 10 :Who among the following are not eligible to invest in MF [Mark 1]

Question 11 :Are Overseas Corporate Bodies allowed to invest in Mutual Funds [Mark 1]

Question 12 :As per AMFI figures how many agents approximately are there in India selling Mutual Funds [Mark 1]

Question 13 :How many major distributors Companies are there in India selling Mutual Fund units [Mark 1]

Question 14 :A glossary of Defined Terms must be included in the offer document [Mark 1]

Question 15 :Sales Practices cover the following areas [Mark 1]

Question 16 :For an open-ended fund the repurchase price should not be lower than [Mark 2]

Question 17 :For a close-ended fund the repurchase price should not be lower than [Mark 2]

Question 18 :For a scheme that has a load the AMC can charge an investment management fee not exceeding [Mark 2]

Question 19 :Initial expenses of launching schemes should not exceed [Mark 1]

Question 20 :A transfer in the management of a close ended scheme does not require the consent of [Mark 1]

Question 21 :The Board of Trustees of the UTI does not have nominees from [Mark 1]

Question 22 :Unit scheme US64 falls under the purview of SEBI [Mark 1]

Question 23 :If an investor failed to claim his redemption proceeds within 3 years he can claim the proceeds at [Mark 1]

Question 24 :Fundamental attributes of scheme [Mark 1]

Question 25 :A close ended has average weekly net assets of Rs 200 crore and As per SEBI regulations the AMC can charge the fund with investment and advisory fee upto [Mark 3]

Question 26 :A value manager does not look for [Mark 1]

Question 27 :In the wholesale debt market the largest proportion of trading is seen in [Mark 1]

Question 28 :A bonds rating indicates its [Mark 1]

Question 29 :The additional yield required to account for the risk of default by the borrower is known as [Mark 1]

Question 30 :If 10 year government securities yields 10 percent and a 10 Year fixed deposit in a company yields 12 percent and the yield spread is [Mark 2]

Question 31 :As per SEBI norms a funds investments in the equity shares of any one company are restricted to [Mark 2]

Question 32 :In case of listed securities of group companies of the sponsor mutual fund is not allowed to invest more than [Mark 2]

Question 33 :The Interest Rate Forecasting Unit of a debt fund is generally manned by [Mark 1]

Question 34 :If the NAV of an open ended fund was Rs 16 at the beginning of the year and Rs 22 after 13 months than the annualised change in NAV is [Mark 3]

Question 35 :As per SEBI mutual funds can borrow for short term to the extent of [Mark 2]

Question 36 :Which of the following is false [Mark 1]

Question 37 :Annual contribution to Public Provident Fund should be [Mark 2]

Question 38 :The current yield 2000 to 01 on Indira Vikas Patra works out to [Mark 1]

Question 39 :The tenure of an Indira Vikas Patra is [Mark 1]

Question 40 :The maturity period of RBI Relief Bonds is [Mark 1]

Question 41 :The annual yield on RBI Relief Bonds 2000 to 01 is [Mark 2]

Question 42 :Financial planning involves [Mark 1]

Question 43 :An equity fund can be said to be concentrated when [Mark 2]

Question 44 :As per SEBI regulations for valuation of investments held by mutual funds a security is considered nontraded when it [Mark 1]

Question 45 :Which of the following is not true as per SEBI regulations for debt funds [Mark 1]

Question 46 :Unit Trust of Indias US64 scheme [Mark 1]

Question 47 :Which of the following is true for equity linked savings scheme [Mark 1]

Question 48 :Unrated securities in the portfolio of a mutual fund are not to be valued [Mark 1]

Question 49 :The most important reason for an investor to prefer a bank deposit to a Mutual fund is [Mark 1]

Question 50 :An investor buys one unit of a fund at a NAV of Rs 20 and he receives a Dividend of Rs 3 when the NAV is Rs 21 and the unit is redeemed at an NAV of Rs 22 total return is [Mark 3]

Question 51 :A debt fund distributes 10 Percent dividend than how much tax does the investor have to pay on this dividend [Mark 2]

Question 52 :A debt fund distributes a 10 percent dividend than how much tax does the fund have to pay [Mark 2]

Question 53 :A mutual funds investments are guided by the [Mark 1]

Question 54 :UTI was the only mutual fund for the period [Mark 1]

Question 55 :Which scheme has the largest investor base [Mark 1]

Question 56 :Which was the first diversified equity investment scheme in India [Mark 1]

Question 57 :The private sector was granted permission to enter the mutual fund industry in [Mark 1]

Question 58 :The 1999 union government budget helped the mutual fund industry by [Mark 1]

Question 59 :During the period 1992 to 99 andthe mobilisation of funds by the mutual fund industry was about [Mark 2]

Question 60 :Which of the following characteristic of a fund that a risk averse investor should choose [Mark 2]

Question 61 :In which type of schemes should an unmarried professional will invest [Mark 2]

Question 62 :A funds investments at market value total Rs 700 Crores total liabilities stand at Rs 50 Lacs and the number of units outstanding is 28Crores What is the NAV [Mark 3]

Question 63 :Value averaging means [Mark 1]

Question 64 :Independence of personnel in the mutual fund structure ensures [Mark 1]

Question 65 :A fund with a 100% ex-marks with respect to the market index is likely to be [Mark 1]

Question 66 :The birth place of mutual funds is [Mark 1]

Question 67 :Fund ABC invests in Indian stock markets and Fund XVZ invests in international markets [Mark 1]

Question 68 :Identify which of the following pairs of terms matches this statement that Mutual fund in India is constituted as and in USA as [Mark 1]

Question 69 :NAV of a scheme is 11 point 57 than how many units can Mr Amit buy with Rs 5000 [Mark 3]

Question 70 :The maximum amount of initial issue expenses that can be recovered from a closed-end scheme is limited to [Mark 1]

Question 71 :If the average assets of an debt scheme is Rs 500 crore then the maximum amount of annual recurring expenses chargeable as per SEBI guidelines is [Mark 2]

Question 72 :Section 10(35) of the IT act applies to dividends paid to [Mark 1]