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AMFI Mock Test 14 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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5/22/2019 5:35:24 AM

Total Questions  72

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :Equity Linked Savings Schemes or ELSS offers [Mark 2]

Question 2 :Which of the following is the main disadvantage of a Funds of Fund [Mark 1]

Question 3 :Which of the following statement best defines an Active Fund [Mark 2]

Question 4 :Which of the following statement best defines a Passive Fund [Mark 2]

Question 5 :Index Funds or Passive Funds generally have a R Square, Ex Mark [Mark 1]

Question 6 :What are Global Depository Receipt [Mark 2]

Question 7 :Investment in ELSS schemes entitles the investor to claim an income tax rebate, but usually has a lock in period of [Mark 1]

Question 8 :ETF offers investor the benefit of [Mark 1]

Question 9 :A Fund of Funds invests in other [Mark 1]

Question 10 :Which among the following can be said to be the riskiest in the category [Mark 1]

Question 11 :An Exchange Traded Fund is a mutual fund scheme, which [Mark 2]

Question 12 :While selecting a Debt Fund which of the following is the most important factor to be looked for [Mark 1]

Question 13 :What would be the maximum initial issue expenses charged from the investors, if the mobilized from a mutual fund during the NFO is Rs 50crore [Mark 1]

Question 14 :The total net assets of a fund scheme increased from 100 crore to 120 crore of this, 5 crore was unrealized gain number of units is 10 crore the maximum dividend per unit the scheme can declare is [Mark 2]

Question 15 :A fund has a front local of 1Y and back end local of 0 point 5 The investor enters at NAV of Rs 10 and exits at NAV of Rs 12 The Return of investment earned by him is [Mark 2]

Question 16 :An investor buys one unit of a fund at NAV of Rs 20 the receives a dividend of Rs 3 when the Ex Div NAV is Rs 21 the unit is redeemed at an NAV of Rs 22 total return is [Mark 3]

Question 17 :A funds investments at market value total Rs 700 Crore total liabilities stand at Rs 50 Lacs and the number of units outstanding is 28 Crores What is the NAV [Mark 3]

Question 18 :An open ended mutual fund is one that has [Mark 1]

Question 19 :A Fixed Term Plan Series is [Mark 1]

Question 20 :MFs generally invest in securities which are [Mark 1]

Question 21 :A Growth stock refers to shares of a company whose earnings are projected to grow at the normal market rates [Mark 1]

Question 22 :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 [Mark 1]

Question 23 :The offer document and key information memorandum contain financial information for [Mark 2]

Question 24 :For assured return schemes, information about the guarantors net worth which justifies the guarantors ability to meet any shortfalls in the returns assured under the scheme can be found in [Mark 1]

Question 25 :Procedure for redemption or repurchase need not [Mark 2]

Question 26 :An offer document contains an AMCs investor grievances history for the past [Mark 2]

Question 27 :It is compulsory to use fund agents intermediaries for investing MFs [Mark 1]

Question 28 :Mutual Fund agents/distributors are not allowed to sell Financial Products other than Mutual Funds [Mark 1]

Question 29 :The following need not be covered in a Key Information Memorandum [Mark 1]

Question 30 :In an assured returns scheme, it assurance is only for a limited period, it must be stated in the offer document that there is no guarantee for sustaining the assured return for the remaining duration of the scheme [Mark 1]

Question 31 :Mutual Funds often use their own employees to mobilise funds from [Mark 1]

Question 32 :Lowest commissions are paid on [Mark 1]

Question 33 :To sell funds effectively, an agent need not [Mark 1]

Question 34 :When an agent purchases, offers or sells units, ensuring compliance with applicable regulations is the responsibility of [Mark 1]

Question 35 :In a mutual fund investors subscriptions are accounted for as [Mark 1]

Question 36 :If a fund calculates NAV daily, it will include all the transaction concluded up to [Mark 1]

Question 37 :Which of the following is not true for Index Funds [Mark 2]

Question 38 :Transfer Agents of a mutual fund are not responsible for [Mark 2]

Question 39 :The networth of an asset management company should be greater than [Mark 3]

Question 40 :The highest authority among the following is the [Mark 1]

Question 41 :The Board of Trustees of the UTI does not have nominees from [Mark 1]

Question 42 :The responsibilities of a unit holder do not include [Mark 2]

Question 43 :For scheme to be able to change its fundamental attributes, it must obtain the consent of [Mark 2]

Question 44 :Key Information Memorandum is [Mark 1]

Question 45 :The most important source of information for a prospective investor is [Mark 1]

Question 46 :Income distributed to unit holders by a debt fund is liable to dividend distribution tax [Mark 1]

Question 47 :Fundamental analysis involves [Mark 2]

Question 48 :Equity derivative instruments are [Mark 1]

Question 49 :Government securities are issued through the RBI [Mark 1]

Question 50 :A call provision in debt issue allows the issuer to [Mark 1]

Question 51 :It may not be possible to reinvest interest received at the same rate as principal This is known as [Mark 1]

Question 52 :A bond with a coupon of 9 percent when interest rates for similar maturities are 11 percent will sell [Mark 1]

Question 53 :In a mutual fund, having many schemes, all securities bought can be held in a general account and transferred later to various schemes to attain certain profit or loss objectives [Mark 1]

Question 54 :AMCs need not maintain records in support of each investment decision [Mark 1]

Question 55 :The expense ratio used for measuring fund performance is an indicator of [Mark 1]

Question 56 :Portfolio turnover rate of a fund measure the [Mark 1]

Question 57 :As per SEBI, mutual funds can borrow for short term to the extent of [Mark 1]

Question 58 :Which of the following is false [Mark 2]

Question 59 :Financial planners and their clients should focus on [Mark 1]

Question 60 :The constraint on financial planning due to insufficient investable resources can be remedied to some extent by [Mark 1]

Question 61 :A criticism of rupee cost averaging is [Mark 2]

Question 62 :Listing of shares at a stock exchange ensures [Mark 1]

Question 63 :Annual contribution to Public Provident Fund should be [Mark 2]

Question 64 :Dividends distributed by mutual funds are [Mark 1]

Question 65 :Direct investment in stock market can be a better option than investing through mutual funds if the investor [Mark 3]

Question 66 :Investment in gold is a hedge against inflation but investment in a precious metal fund falls in the high risk category [Mark 1]

Question 67 :Equity price risks are [Mark 1]

Question 68 :Mutual fund should be advised to expect [Mark 1]

Question 69 :A very high proportion of investment in all types of equity funds is advisable for investors [Mark 2]

Question 70 :Past performance should not be solely relied on for selecting a fund [Mark 1]

Question 71 :A funds declared NAV does not include loads [Mark 1]

Question 72 :The size of the market apitalization of a funds equity holdings is inversely proportional to the returns that [Mark 2]