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AMFI Mock Test 05 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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5/22/2019 5:46:43 AM

Total Questions  72

Pass Marks is 55%

Time Left : 00:00:00 Hrs


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

Question 2 :Which of the following is not a disadvantage of mutual funds [Mark 1]

Question 3 :The money collected by a mutual fund is invested as per [Mark 1]

Question 4 :A funds net assets are worth Rs 2200 There are 110 units outstanding The value of 4 units held by Mrs Das is [Mark 3]

Question 5 :In India the first mutual fund was established [Mark 2]

Question 6 :An important development that tool place in the India mutual fund industry in February 2003 was [Mark 2]

Question 7 :The period from 2004 is know in the Indian mutual fund industry as [Mark 1]

Question 8 :The second mutual fund in India was established by [Mark 1]

Question 9 :An open ended fund [Mark 1]

Question 10 :A close end fund [Mark 1]

Question 11 :A closed end fund has a fixed [Mark 1]

Question 12 :How can investors redeem their investments in a closed end fund at maturity [Mark 2]

Question 13 :An important attribute of a money market mutual fund is [Mark 1]

Question 14 :Which of the following is an incorrect statement [Mark 1]

Question 15 :In an ELSS the tax benefits have to be traded off for [Mark 1]

Question 16 :Debt funds target [Mark 1]

Question 17 :Assured return schemes are usually [Mark 1]

Question 18 :Which of the following is an incorrect statement [Mark 1]

Question 19 :Which of the following is not likely to be diversified equity fund [Mark 1]

Question 20 :International funds do not have which risk [Mark 1]

Question 21 :In the UK mutual funds are formed as [Mark 1]

Question 22 :The board of trustees of a mutual fund [Mark 1]

Question 23 :The net worth of an AMC should be [Mark 1]

Question 24 :Which of the following is not a function of the transfer agents [Mark 1]

Question 25 :The highest regulatory authority among the following is [Mark 1]

Question 26 :Which of the following is an SRO [Mark 1]

Question 27 :A self regulatory organization can [Mark 1]

Question 28 :An investor buys a mutual fund based on a newspaper recommendation of 15 percent return He however earns only 12 percent return Who can turn to for remedy [Mark 3]

Question 29 :The responsibility of a unit holder does not include [Mark 2]

Question 30 :Investors rights in a mutual fund are laid down in the [Mark 1]

Question 31 :If investors find that a fund is deficient in its service standards they can complain to [Mark 1]

Question 32 :If an investor has a complaint against an AMC and it is not resolved they can approach [Mark 2]

Question 33 :The prospectus of a closed end fund is issued [Mark 1]

Question 34 :The offer document does not serve the purpose of [Mark 1]

Question 35 :The legal responsibility for the accuracy of the statements made in the offer document lies with [Mark 1]

Question 36 :A due diligence certificate does not certify that [Mark 2]

Question 37 :Standard risk factors are not [Mark 1]

Question 38 :Past performance is not indicative of the future This is [Mark 1]

Question 39 :The names and the background of key personnel in the AMC [Mark 1]

Question 40 :Which of the following is a fundamental attribute of a mutual fund scheme [Mark 2]

Question 41 :The offer document contains financial information for [Mark 1]

Question 42 :The investment policies listed in the offer document do not include [Mark 2]

Question 43 :The minimum amount to be raised for a scheme [Mark 2]

Question 44 :Which of the following is not a part of the offer document [Mark 1]

Question 45 :The following need not be covered in a KIM [Mark 2]

Question 46 :Along with the application it is mandatory to distribute [Mark 1]

Question 47 :Key information Memorandum is [Mark 1]

Question 48 :The details regarding purchasing the scheme including price and applicable load can be found in [Mark 2]

Question 49 :Who among the following are not eligible to invest in a mutual fund [Mark 1]

Question 50 :Generally which among the following categories of investors need advice for investing in mutual funds [Mark 2]

Question 51 :Mutual fund distributors in India required passing which examination to qualify to sell mutual fund units [Mark 1]

Question 52 :Which of the following cannot a distributor of an AMC [Mark 1]

Question 53 :Agents are compensated by mutual funds [Mark 2]

Question 54 :Trail commission means paying [Mark 2]

Question 55 :An agents appointment by a fund [Mark 1]

Question 56 :An agent can offer and sell a funds unit at [Mark 1]

Question 57 :Accounting policies for mutual funds are laid down by [Mark 2]

Question 58 :Investments made by the mutual fund are accounted as [Mark 1]

Question 59 :Liabilities in the balance sheet of a mutual fund are [Mark 1]

Question 60 :The day on which NAV is calculated in known as [Mark 2]

Question 61 :Accrual of expenses has to be done [Mark 1]

Question 62 :If the average assets of an equity scheme is Rs 500 crore then the maximum amount expenses chargeable is [Mark 3]

Question 63 :Which of the following cannot be charged to the scheme [Mark 1]

Question 64 :If the average assets of a mutual fund scheme are Rs 1000 crore the investment managers fee cannot be over [Mark 3]

Question 65 :The recurring expenses of a scheme are charged [Mark 1]

Question 66 :Which is an incorrect statement scheme wise annual report should be [Mark 2]

Question 67 :Mutual funds have to value their investments [Mark 1]

Question 68 :Profit and loss on sale of securities is calculated based on [Mark 2]

Question 69 :The accounting income out of which dividend is paid is called [Mark 1]

Question 70 :Listed equity shares are to be valued at [Mark 2]

Question 71 :An asset shall be classified as non-traded [Mark 1]

Question 72 :A stock is declared as thinly traded based on information from [Mark 2]