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AMFI Mock Test 12 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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10/21/2017 6:01:38 PM

Total Questions  72
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


Question 1 :The ownership of the fund is [Mark 1]




Question 2 :Who appoint an Asset Management Company [Mark 1]





Question 3 :Who appoints a Custodian [Mark 1]





Question 4 :Sponsor must contribute at least ___ of the net worth of the AMC [Mark 1]





Question 5 :A mutual fund in India is constituted in the form of [Mark 1]





Question 6 :The Trust of any Mutual Fund is the [Mark 1]




Question 7 :Who ensures that the fund is managed by the AMC as per the defined objectives and in accordance with the Trust Deed and SEBI Regulations [Mark 1]





Question 8 :Who forms a Trust and appoint a Board of Trustees [Mark 1]





Question 9 :The trust is created through a document called [Mark 2]





Question 10 :Who is the primary guardians of the unit holders funds and assets [Mark 1]





Question 11 :The Trustees have the right to dismiss the AMC [Mark 1]



Question 12 :The trustees must enter into an investment management agreement with the AMC, such agreement is calledz [Mark 2]





Question 13 :The trustees must furnish a report on the funds activities and a certificate stating that the AMC has been managing the schemes independently of other activities to SEBI on a [Mark 1]





Question 14 :SEBI Regulations require that the meeting of trustees should be held at least once in every [Mark 2]





Question 15 :Who appoints the AMC [Mark 1]





Question 16 :The AMC of a mutual fund must have a net worth of at least [Mark 2]





Question 17 :An AMC can act as a trustee of any other mutual fund [Mark 1]



Question 18 :Which of the following is not the advantage of Investing through Mutual Funds [Mark 2]





Question 19 :During the Merger of two AMCs [Mark 2]





Question 20 :Unit holders who do not give their assent to the scheme merger or take over, have the option to [Mark 2]





Question 21 :For a closed ended Funds to merge following is mandatory, along with other formalities [Mark 2]





Question 22 :In an Open Ended Fund, investors get the option to redeem and buy units at any time from [Mark 1]





Question 23 :Which of the following is Fixed in a Closed ended fund [Mark 1]





Question 24 :In legal parlance, the investors or the unit holders in a Mutual Fund are [Mark 2]





Question 25 :In a close ended fund the liquidity to investors is available through [Mark 2]





Question 26 :The AMC recovers sales and distribution expenses from the investors in different ways at different times, Such recovery process is called [Mark 2]





Question 27 :CDSC or contingent deferred sales charge is a type of [Mark 2]





Question 28 :A type of exit load that reduces with time is called [Mark 1]





Question 29 :In the USA, mutual funds are set up as [Mark 1]





Question 30 :Like Distributors in India, it is [Mark 2]





Question 31 :There are no Close ended Funds in USA [MArk 1]



Question 32 :In the UK Open end funds are in the form of [Mark 1]





Question 33 :Which of the following is true about UTI [Mark 2]





Question 34 :The phase of 1996 to 99 is known for [Mark 2]





Question 35 :Average Asset size of the Mutual Fund size during the phase 1999 and 2005 was approx [Mark 2]





Question 36 :Which of the following is an example of AMC merger [Mark 2]





Question 37 :Can an AMC debit a scheme for payment made towards any penalties laid down by SEBI or other regulator in the market [Mark 2]



Question 38 :A fund had to pay Rs 1200 as a penalty, to one of its investor, for the delay in Redemption cheque, Can this be charged to the fund [Mark 1]



Question 39 :Expenses for Legal Publication and other general expenses not attributable to any scheme can not be charged to the fund [Mark 1]



Question 40 :Expenses on general investment management, like buying of Softwares, Research Books etc can be charged to the Fund [Mark 1]



Question 41 :Which of the following Financial Product Intermediary are required to pass and register with AMFI [Mark 1]





Question 42 :All Financial Planners are required to abide by a Code of Conduct as prescribed by [Mark 3]





Question 43 :Which of the following steps is to be taken for becoming an agent of an AMC [MArk 1]





Question 44 :Which of the following distribution channel forms the largest share of contribution to Mutual Fund Sales [Mark 1]





Question 45 :Mutual funds may sell their own products [Mark 1]



Question 46 :Sales officers and employees of the AMC may approach the investors and accept their contributions directly [Mark 1]



Question 47 :In India, independent individual Financial Planners may really be treated as a direct distribution channel or direct sales force for the AMC [Mark 1]



Question 48 :Mutual funds often use ______ to mobilize funds from high net worth individuals and institutional investors [Mark 1]





Question 49 :In which of the following funds direct selling brings the maximum mobalisation [Mark 1]





Question 50 :Sponsor of a Mutual Fund can become distributor for an AMC [Mark 1]





Question 51 :Which distribution channel is emerging as a significant distribution vehicle for Mutual Funds [Mark 1]





Question 52 :What are the rules prescribed for governing the minimum or maximum commissions payable by a fund to its distributor [Mark 3]





Question 53 :Fund distribution expenses are covered by [Mark 1]





Question 54 :A no load fund, charging no entry or exit loads, is authorized to charge the schemes with the commissions paid to Financial Planners as part of the regular management and distribution expenses allowed by SEBI [Mark 1]



Question 55 :Some funds pay the entire commission up front to the distributor ie at the time of sale of units, while others pay a part of it up front and the balance in phases and the latter practice is known as [Mark 3]





Question 56 :Which of the following are SEBIs objective [Mark 1]





Question 57 :Any fund mergers of bank sponsored funds with others will also involve RBI approvals besides all other approvals [Mark 1]



Question 58 :What is SAT [Mark 2]





Question 59 :Which of the following is a self regulatory organizations or SRO supervised by SEBI [Mark 1]





Question 60 :SRO is [Mark 1]





Question 61 :AMFI was incorporated in 1995 with the objective of representing the mutual fund industry collectively [Mark 3]





Question 62 :Who governs AMFI [Mark 1]





Question 63 :SEBI requires the offer document of an open end fund to be revised every [Mark 1]





Question 64 :The most important source of information for any prospective investor in Mutual Fund is [Mark 1]





Question 65 :Fundamental attributes are the essence of the scheme and include [Mark 2]





Question 66 :An investor who invests in units of a mutual fund without studying the information contained in the offer document cannot subsequently hold the fund responsible for loss [Mark 1]



Question 67 :Offer document is [Mark 1]





Question 68 :SEBI does not approve or disapprove anything contained in the offer document [Mark 1]



Question 69 :The front page of the Offer Document provides information about [Mark 1]





Question 70 :Who takes the legal responsibility for the accuracy of the statements made in the offer document [Mark 1]





Question 71 :If the schemes name implies that it will invest primarily in a particular type of security or in certain industry or industries, then its policy should be to invest at least ________ of the value of its total assets in the indicated type of security or industry [Mark 1]





Question 72 :For open end schemes, if illiquid assets are likely to be more than ________ of net assets, then the policy with respect to such assets must be disclosed [Mark 1]