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AMFI Mock Test 16 

Mock Test  :  RMG Student Exclusive :        
Total Marks 99

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10/21/2017 10:52:57 AM

Total Questions  72
 

Pass Marks is 55%

Time Left : 00:00:00 Hrs

 


Question 1 :Financial planning [Mark 1]





Question 2 :In which of the following cases one can get the benefit from the power of compounding [Mark 2]





Question 3 :Rupee Cost Averaging is a [Mark 2]





Question 4 :Basic Indexed Portfolio [Mark 3]





Question 5 :A fixed ratio of asset allocation means [Mark 2]





Question 6 :PPF have the option to withdraw [Mark 1]





Question 7 :Beta measures [Mark 1]





Question 8 :_____ divides the risk premium by the funds standard deviation [Mark 1]




Question 9 :Which of the portfolio will you recommend for Young Couple with Two Incomes and two Children [Mark 2]





Question 10 :What would you advice your friend who have won a lottery ticket in KBC for Rs 1 crore [Mark 2]





Question 11 :The ownership of the fund is [Mark 1]




Question 12 :Who appoint an Asset Management Company [Mark 1]





Question 13 :Who appoints a Custodian [Mark 1]





Question 14 :Sponsor must contribute at least ___ percent of the net worth of the AMC [Mark 1]





Question 15 :A mutual fund in India is constituted in the form of [Mark 1]





Question 16 :The Trust of any Mutual Fund is the [Mark 1]




Question 17 :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 2]





Question 18 :Who forms a Trust and appoint a Board of Trustees [Mark 1]





Question 19 :The trust is created through a document called [Mark 1]





Question 20 :Who is the primary guardians of the unit holders funds and assets [Mark 1]





Question 21 :The Trustees have the right to dismiss the AMC [Mark 1]



Question 22 :The trustees must enter into an investment management agreement with the AMC, such agreement is called [Mark 2]





Question 23 :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 2]





Question 24 :SEBI Regulations require that the meeting of trustees should be held at least once in every [Mark 1]





Question 25 :Who appoints the AMC [Mark 1]





Question 26 :The AMC of a mutual fund must have a net worth of at least [Mark 1]





Question 27 :An AMC can act as a trustee of any other mutual fund [Mark 1]



Question 28 :Which of the following is not the advantage of Investing through Mutual Funds [Mark 2]





Question 29 :During the Merger of two AMCs [MArk 2]





Question 30 :Unit holders who do not give their assent to the scheme merger or take over, have the option to [Mark 3]





Question 31 :For a closed ended Funds to merge following is mandatory, along with other formalities [Mark 2]





Question 32 :In an Open Ended Fund, investors get the option to redeem and buy units at any time from [Mark 1]





Question 33 :Which of the following is Fixed in a Closed ended fund [Mark 1]





Question 34 :In legal parlance, the investors or the unit holders in a Mutual Fund are [Mark 1]





Question 35 :In a close ended fund the liquidity to investors is available through [Mark 1]





Question 36 :The AMC recovers sales and distribution expenses from the investors in different ways at different times, Such recovery process is called [Mark 1]





Question 37 :CDSC contingent deferred sales charge is a type of [Mark 1]





Question 38 :A type of exit load that reduces with time is called [Mark 1]





Question 39 :In the USA, mutual funds are set up as [Mark 1]





Question 40 :Like Distributors in India, it is [Mark 2]





Question 41 :There are no Close ended Funds in USA [Mark 1]



Question 42 :In the UK, Open end funds are in the form of [Mark 1]





Question 43 :Which of the following is true about UTI [Mark 3]





Question 44 :The phase of 1996 to 99 is known for [Mark 2]





Question 45 :Average Asset size of the Mutual Fund size during the phase 1999 and 2005 was [Mark 1]





Question 46 :Which of the following is an example of AMC merger [Mark 2]





Question 47 :Can an AMC debit a scheme for payment made towards any penalties laid down by SEBI or other regulator in the market [Mark 1]



Question 48 :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 49 :Expenses for Legal Publication and other general expenses not attributable to any scheme can not be charged to the fund [Mark 1]



Question 50 :Expenses on general investment management, like buying of Softwares, Research Books etc can be charged to the Fund [Mark 1]



Question 51 :Which of the following Financial Product Intermediary are required to pass and register with AMFI [Mark 2]





Question 52 :All Financial Planners are required to abide by a Code of Conduct as prescribed by [Mark 1]





Question 53 :Which of the following steps is to be taken for becoming an agent of an AMC [Mark 2]




Question 54 :Which of the following distribution channel forms the largest share of contribution to Mutual Fund Sales [Mark 1]





Question 55 :Mutual funds may sell their own products [Mark 1]



Question 56 :Sales officers and employees of the AMC may approach the investors and accept their contributions directly [Mark 1]



Question 57 :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 58 :Mutual funds often use _________ to mobilize funds from high net worth individuals and institutional investors [Mark 2]





Question 59 :In which of the following funds direct selling brings the maximum mobalisation [Mark 1]





Question 60 :Sponsor of a Mutual Fund can become distributor for an AMC [Mark 1]





Question 61 :Which distribution channel is emerging as a significant distribution vehicle for Mutual Funds [Mark 1]





Question 62 :What are the rules prescribed for governing the minimum or maximum commissions payable by a fund to its distributor [Mark 3]





Question 63 :Fund distribution expenses are covered by [Mark 1]





Question 64 :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 65 :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, the latter practice is known as [Mark 2]





Question 66 :Which of the following are SEBIs objective [Mark 1]





Question 67 :Any fund mergers of bank sponsored funds with others will also involve RBI approvals besides all other approvals [Mark 1]



Question 68 :What is SAT [Mark 1]





Question 69 :Which of the following is a self regulatory organizations supervised by SEBI [Mark 1]





Question 70 :SRO is [Mark 2]





Question 71 :AMFI was incorporated in 1995 with the objective of representing the mutual fund industry collectively [Mark 2]





Question 72 :Who governs AMFI [Mark 1]