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AMFI Mock Test 02 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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5/22/2019 5:42:10 AM

Total Questions  72

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :Sponsor must contribute at least ________ percent of the net worth of the AMC [Mark 2]

Question 2 :Who forms a Trust and appoint a Board of Trustees [Mark 1]

Question 3 :The trustees must enter into an investment management agreement with the AMC and such agreement is called [Mark 1]

Question 4 :The AMC of a mutual fund must have a net worth of at least [Mark 1]

Question 5 :Unit holders who do not give their assent to the scheme merger or take over have the option to [Mark 1]

Question 6 :In legal parlance the investors or the unit holders in a Mutual Fund are [Mark 1]

Question 7 :A type of exit load that reduces with time is called [Mark 1]

Question 8 :In the UK Open end funds are in the form of [Mark 1]

Question 9 :Which of the following is an example of AMC merger [Mark 1]

Question 10 :Expenses on general investment management like buying of Softwares and Research Books etc can be charged to the Fund [Mark 1]

Question 11 :Which of the following distribution channel forms the largest share of contribution to Mutual Fund Sales [Mark 2]

Question 12 :Mutual funds often use to mobilize funds from high net worth individuals and institutional investors [Mark 1]

Question 13 :What are the rules prescribed for governing the minimum or maximum commissions payable by a fund to its distributor [Mark 1]

Question 14 :Which of the following are SEBIs objective [Mark 1]

Question 15 :SRO is [Mark 1]

Question 16 :The most important source of information for any prospective investor in Mutual Fund is [Mark 2]

Question 17 :SEBI does not approve or disapprove anything contained in the offer document [Mark 1]

Question 18 :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 2]

Question 19 :Under the uniform code of advertisement [Mark 2]

Question 20 :In which of the following case OD is not required to be revised [Mark 2]

Question 21 :The investor may obtain a copy of the Offer Document from the [Mark 1]

Question 22 :A fund delayed the payment of redemption to his investor by 28 working days As per investors right he can calim the interest for number of days from the AMC [Mark 2]

Question 23 :The appointment of an AMC of a fund can be terminated by 75 percent of the unit holders of the scheme with the prior approval of SEBI [Mark 1]

Question 24 :For the purpose of investments in Mutual Fund who among the following are not treated as resident in the OD of a fund [Mark 1]

Question 25 :All of the funds assets belong to the investors and are held in capacity for them [Mark 1]

Question 26 :Which of the following factors may affect the NAV [Mark 2]

Question 27 :Each item of expenditure accounting for more than of total expenditure should be disclosed in the accounts or the notes thereto of the schemes [Mark 2]

Question 28 :Mutual Fund is an indirect investment vehicle which is [Mark 1]

Question 29 :A Commercial Paper is a short term unsecured promissory note issued by [Mark 1]

Question 30 :What is the basic characteristic of a Deep Discount Bond [Mark 1]

Question 31 :Important features of a Money Market Mutual Fund is [Mark 1]

Question 32 :Fixed Term Plans offers [Mark 1]

Question 33 :The research approach where the analyst do the forecasting on the basis of economic industry and company data to predict its future movement is called [Mark 2]

Question 34 :The tenure of CPs can be anything between 15 days to [Mark 2]

Question 35 :Value Funds are less risky than Growth Funds [Mark 1]

Question 36 :The portfolio of a Mid Cap or Small Cap Funds are [Mark 1]

Question 37 :Which of the following is the main disadvantage of a Funds of Fund [Mark 1]

Question 38 :What are Global Depository Receipt or GDR [Mark 1]

Question 39 :Which among the following can be said to be the riskiest in the category [Mark 1]

Question 40 :The total net assets of a fund scheme increased from 100crore to 120crore of this 5crore was unrealized gain number of units is 10crore qnd the maximum dividend per unit the scheme can declare is [Mark 3]

Question 41 :if the due date for interest is 30 Jun 2000 it will be classified as NPA from if the interest was still unpaid as of 1 Oct 2000 [Mark 3]

Question 42 :An equity or convertible debenture or warrant is considered as a thinly traded security if both the trading value in a month is [Mark 3]

Question 43 :Aggregate value of illiquid securities of a scheme defined as non-traded thinly traded and unlisted equity shares shall not exceed of the total assets of an open-end scheme and of a closed end fund [Mark 2]

Question 44 :As per Income Tax Act Section an individual and HUF will be entitled to deduction up to Rs 1 lakh in respect of payment or deposit out of taxable income towards certain specified instruments which includes units of unit linked plans of mutual funds and ELSS [Mark 1]

Question 45 :Which of the following statement is true about Automatic Reinvestment Plan [Mark 1]

Question 46 :Portfolio management is an important foundation of mutual fund business [Mark 1]

Question 47 :Established companies in mature industries may have [Mark 1]

Question 48 :Shares of companies whose earnings are expected to increase at rates that exceed normal market levels are called [Mark 2]

Question 49 :Finally the fund manager has to keep the fund expenses as low as possible in which of the following funds [Mark 1]

Question 50 :Person or institution who executes the orders on behalf of the Fund Manager is known as [Mark 1]

Question 51 :Debt instruments issued with short term maturities typically under one year are classified as [Mark 1]

Question 52 :The yield on a bond with a par value of Rs 1000 coupon of 10 percent and market price of Rs 1200 is [Mark 2]

Question 53 :Interest rate option contracts are not yet available for trading on an exchange [Mark 1]

Question 54 :Mutual funds are not allowed to advance any loans but may lend securities in accordance with SEBIs Stock Lending Scheme [Mark 1]

Question 55 : is defined as the ratio of total expenses to average net assets of the fund [Mark 1]

Question 56 :Turnover ratios would be most relevant to analyze in case of [Mark 1]

Question 57 :An index funds actual return may be better or worse as compared to the base index by what is called [Mark 1]

Question 58 :The Credit Rating Agency CRISIL evaluates fund performance and ranks the schemes by [Mark 1]

Question 59 :A mutual fund distributor who becomes a well trained financial planner may not require following skill [Mark 1]

Question 60 :What is Asset Allocation [Mark 1]

Question 61 :During stage the goal and purpose towards which the clients have been investing have arrived [Mark 1]

Question 62 :A Basic Managed Portfolio will have [Mark 1]

Question 63 :Older Investors in Distribution Phase can have Equity in the ratio of [Mark 2]

Question 64 :PPF [Mark 1]

Question 65 :SD or Standard Deviation [Mark 2]

Question 66 :Ratios to measures Risk Adjusted Performance is called [Mark 1]

Question 67 :Which of the portfolio will you recommend for Young and Unmarried Professional [Mark 3]

Question 68 :Investors in the Accumulation Phase will look for [Mark 2]

Question 69 :AMFIs code sets a common set of rules for all the funds and this code includes specific rules of good conduct for [Mark 1]

Question 70 :Which of the following is true about UTI [Mark 2]

Question 71 :An offer document contains an AMCs investor grievances history for the par [Mark 2]

Question 72 :Generally which category of investors need advice for Investing in Mutual Funds [Mark 2]