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AMFI Mock Test 09 

Mock Test  :  RMG Student Exclusive :        
Total Marks 100

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10/21/2017 10:52:09 AM

Total Questions  72

Pass Marks is 55%

Time Left : 00:00:00 Hrs


Question 1 :The amount required to buy 100 units of a scheme having an entry load of 1 point 5 percent and NAV OF Rs 20 is [Mark 3]

Question 2 :A mutual fund is owned by [Mark 1]

Question 3 :Debt funds target [Mark 2]

Question 4 :A Systematic Withdrawal Plan, allows investors to get back the principal amounts invested in addition to the income on investment [Mark 1]

Question 5 :An owner of preference shares is given which of the following rights [Mark 2]

Question 6 :Dividend yield for a stock is [Mark 1]

Question 7 :Information on estimated expenses to be incurred by a scheme is not found in the offer document, but in brochures of the fund [Mark 1]

Question 8 :The following information about the constitution of the mutual fund is found in both the offer document and key information memorandum [Mark 2]

Question 9 :The circumstances for refund of investment in the initial offer and period within which refund must be carried out are not specified in the offer document, but only on the application [Mark 1]

Question 10 :A disclosure should be made in the offer document if an AMC has invested more than the following percentage of its net assets in group companies [Mark 2]

Question 11 :Tax treatment of investments does not [Mark 3]

Question 12 :NRIs are eligible to invest in Mutual Funds [Mark 1]

Question 13 :Commission rates or loads applicable to big investors and small investors are [Mark 1]

Question 14 :The offer document is not a legal document [Mark 1]

Question 15 :Standard risk factors are not [Mark 2]

Question 16 :The due diligence certificate that must be submitted to SEBI along with the draft offer document cannot be signed by [Mark 1]

Question 17 :The following are not termed as sales practices [Mark 2]

Question 18 :Trail commission means paying [Mark 1]

Question 19 :An agents appointment by a fund [Mark 2]

Question 20 :The AMFI code of ethics does not cover the following prescriptions [Mark 2]

Question 21 :Net asset Value of a mutual fund scheme is defined as the schemes [Mark 1]

Question 22 :For a scheme that has a load, the AMC can charge an investment management fee not exceeding [Mark 2]

Question 23 :The AMC of a mutual fund cannot [Mark 1]

Question 24 :The fund sponsor has to contribute [Mark 2]

Question 25 :A change in the following key people does not materially impact the performance of the fund [Mark 1]

Question 26 :A close ended scheme of a mutual fund is not governed by [Mark 2]

Question 27 :Which of the following are Self Regulatory Organisations [Mark 1]

Question 28 :Unit holders right to information does not include [Mark 1]

Question 29 :Bank owned Mutual Funds are supervised by [Mark 1]

Question 30 :The prospectus of a close ended fund is issued [Mark 1]

Question 31 :An addendum giving details of material change in the offer documents should be circulated [Mark 1]

Question 32 :Initial issue expenses are charged to a scheme in the first year itself [Mark 1]

Question 33 :A fund manager managing an index fund [Mark 1]

Question 34 :Fundamental analysis form the basis to decide [Mark 2]

Question 35 :In a mutual fund, the overall decisions on allocating money to particular industries or sector are taken by [Mark 1]

Question 36 :In the wholesale debt market, the largest proportion of trading is seen in [Mark 1]

Question 37 :Which of the following do not represent the amount an investor of a debt security will be paid upon maturity [Mark 1]

Question 38 :To compare bonds with different coupon rates, maturities and prices, investors would use [Mark 2]

Question 39 :The additional yield required to account for the risk of default by the borrower is known as [Mark 1]

Question 40 :Investment policies of a mutual fund are determined by [Mark 1]

Question 41 :In case of listed securities of group companies of the sponsor, mutual fund is not allowed to invest more than [Mark 1]

Question 42 :If the NAV of an open ended fund was Rs 16 at the beginning of the year and Rs 22 after 13 months, the nnualized change in NAV is [Mark 3]

Question 43 :The Expense Ratio is not of utmost importance in case of [Mark 1]

Question 44 :Transaction costs include [Mark 1]

Question 45 :An actively managed equity fund expects to [Mark 2]

Question 46 :Financial planning allows a person [Mark 1]

Question 47 :Financial planning is relevant only for high networth individuals [Mark 1]

Question 48 :If an investor keeps investing a fixed amount at regular intervals, the average cost of his purchases will always be less than if he makes investment at irregular periods [Mark 1]

Question 49 :Which of the following investment products do not give guarantee for return or capital [Mark 1]

Question 50 :Which of the following is untrue for Public Provident Fund Schemes [Mark 2]

Question 51 :The maturity period of RBI Relief Bonds is [Mark 1]

Question 52 :Which of the following is not an advantage of mutual fund investment over direct investment [Mark 1]

Question 53 :Greater returns come only from assuming higher risks, and a higher risk portfolio guarantees higher returns [Mark 1]

Question 54 :The risk level of commodity fund is [Mark 2]

Question 55 :A fund with a high beta coefficient gives greater returns in a rising market and is more risky in a falling market [Mark 1]

Question 56 :Asset distribution among equity debt and money market securities should correspond to the investors need for capital growth, income and liquidity [Mark 1]

Question 57 :Retired investor should [Mark 2]

Question 58 :An equity funds age and size are irrelevant when selecting a fund for investment [Mark 1]

Question 59 :In case of a fund merger or take over [Mark 1]

Question 60 :Beta of an equity fund measures its [Mark 1]

Question 61 :Debt fund with long term investments carries higher risk of capital loss [Mark 1]

Question 62 :An ideal money market mutual fund must have [Mark 1]

Question 63 :A trail commission is justified when [Mark 2]

Question 64 :The Indian debt market [Mark 2]

Question 65 :An exit load guarantees a higher return [Mark 1]

Question 66 :A mutual fund in india is a [Mark 1]

Question 67 :A debt fund distributes a 10 percent dividend, how much tax does the fund have to pay [Mark 1]

Question 68 :UTI was the only mutual fund for the period [Mark 2]

Question 69 :Which scheme has the largest investor base [Mark 1]

Question 70 :Which of the following about public provident fund are untrue [Mark 3]

Question 71 :From whom can a unit holder seek redressal if his complaint is not entertained by the mutual fund [Mark 1]

Question 72 :An investor buys units in a fund that has given excellent returns in the past, but his expectations are not met as the fund does not perform well this year, the investor can [Mark 1]