write ans

Edit |

The sponsor is 2 required to contribute at least Financial Planner should not assist the client in implementing 3 and monitoring IMP the financial plan, because there is a conflict of interest A mutual fund is 4 managed in the beneficial interest of the Dividend warrants have 5 to be dispatched to unit holders within The rate of dividend distribution tax applicable to 6 corporate investors in non-equity oriented funds is A mutual fund 7 enables an investor to use the services of Which of the following do not Government securities a professional a professional a professional financial advisor a professional investment broker a professional financial planner investment manager investment manager 0.20 0.15 0.20 0.25 0.10 30 days of declaration 15 days of declaration 10 days of declaration 30 days of declaration 7 days of declaration of dividend of dividend of dividend of dividend of dividend Unitholders Sponsors Unitholders Directors Trustees FALSE FALSE TRUE . 40% of the capital of 40% of the capital of 30% of the capital of 60% of the capital of 50% of the capital of the AMC the AMC the AMC the AMC the AMC

Government securities Certificate of Deposit

Commercial Paper

Corporate bonds

carry credit risk? The change in the value of an 9 investment between two periods is known as _____ is a structure where investors are 10 incentivised to hold the units for a longer period TDS on 11 dividend distributed by a liquid scheme is Which of the 12 following is subject to tax? Technical Analysis interprets 13 investor sentiment from price-volume behaviour Which of the following 14 functions is primarily performed by a mutual fund? In order to ascertain the fundamental 15 attributes of the fund, an investor needs to look up Scheme Information Document Statement of Additional Information Key Information memorandum Factsheet Scheme Information Document Acceptance of deposits Acceptance of deposits Borrowing at fixed rates Managing an investment portfolio Pledging of securities IMP TRUE TRUE FALSE . Not applicable 0.125 0.20 0.25 Not applicable Trail Commission Trail Commission Entry Load Exit Load CDSC Simple Annualised return Compounded return Total return Simple Annualised return Simple return

Capital gains of a mutual fund

Dividend income of a Interest income of a mutual fund mutual fund

Capital gains of a mutual fund

Dividend distribution by a mutual fund

General and 16 specific risk factors are part of If an investor prefers lower risk and is 17 willing to settle for a lower return, he is likely to be classified as Investor cannot be sure of taxability, in a 18 flexible allocation mutual fund scheme A closed-end fund has a fixed TRUE TRUE FALSE . Conservative Aggressive Moderate Conservative Adventurous IMP SID SID SAI Fund Fact Sheet Annual News Letter

19

IMP

Unit capital

NAV

Market Price

Rate of Return

Unit capital

STT is payable when STT is payable when STT is payable when STT is payable when STT is payable when Which of the 20 following is true? IMP the investor sells units the investor invests in of open-end equity mutual fund to the fund house Relaxation from documentation 21 requirements for Micro SIPs is available for Redemption 22 transactions are priced at Processing various Calculation of the scheme NAV Issuing units to an investors against a purchase request payouts to fund investors, e.g. dividends and redemptions Maintaining and updating investor records Calculation of the scheme NAV NAV minus exit load NAV plus exit load NAV minus exit load NAV minus entry load NAV plus entry load Individuals, including Only individuals, other Individuals, including Individuals, including Individuals, including NRIs, but not PIOs than NRIs and PIOs NRIs, but not PIOs NRIs and PIOs PIOs, but not NRIs units of open-end equity mutual fund from the fund house the investor sells units of open-end the fund house the investor invests in the investor sells units units of open-end the fund house of open-end debt mutual fund to the fund house

equity mutual fund to debt mutual fund from

Which of the 23 following is not a function of the RTA?

Thematic Funds 24 have a wider exposure than TRUE TRUE FALSE . -

Sector funds Sponsors that 25 are banks are also regulated by Liquid schemes cannot charge management 26 fees on funds IMP parked in short term bank deposits AMFI code of ethics prescribes that mutual fund 27 scheme portfolios should be managed in the interest of Interval Funds combine 28 features of open end and close end schemes STT is levied on 29 re-purchase of units of equity mutual fund at Life insurance is meant for Which of these 31 entities promotes the mutual fund? An offer document 32 enables investors to draw a comparison of FALSE TRUE FALSE . The sponsor 0.0025 0.0125 0.0025 0 0.0017 TRUE TRUE FALSE . All classes of unitholders Identified special classes of unitholders All classes of unitholders Retail individual class Institutional class of of unitholders unitholders TRUE TRUE FALSE . RBI AMFI Stock Exchange RBI SEBI

30

Risk Protaction

Tax Planning

Investment

Risk Protaction

Saving

The asset management company The sponsor The trust The custodian

mutual funds. The formula for 33 calculating absolute return is An investor offers his units in an equity scheme, for re34 purchase, at 2.30 pm. What would be the applicable NAV for the repurchase? A mutual fund is 35 managed in the beneficial interest of the A portfolio with 36 a beta less than 1 is An existing bond fund will 37 lose value when market interest rates Which of these documents is required to be 38 appended to the application form of a mutual fund scheme? Capital gains or losses from mutual fund 39 investments are classified as long term if the investments are sold after a One year Two year One year Five year Three year KIM Addendum Statement of Additional Information Scheme Information Document KIM Rise Rise Remain unchanged Fall Are equal to yields Less risky than market Unitholders Sponsors Unitholders Diretors Trustee Closing NAV of date of application Closing NAV of day immediately preceding the date of application Closing NAV of day preceding the next Business Day Closing NAV of next business day Closing NAV of date of application (Sale price-Cost price)/Cost price (Cost price-Sale price)/Sale price (Cost price/Sale price)-1 (Sale price-Cost price)/Cost price 1-(Cost Price/Sale price)

Equally risky than market

More risky than market

Less risky than market

Highly risky compared to market

holding period of Taxability of interest income in bank deposits 40 can be postponed until the depositor withdraws the interest If an advisor asks the investor to liquidate equity investments 41 due to a correction in markets, and hold cash, such a rebalancing is called AMFI is expected to make a continuous write False True False . 42 effort to remind ans the investors AMC through letters to claim their dues Liquidity risk of 43 investor is highest in Under fundamental 44 attributes, the terms of issue do not include Unit holders 45 enjoy rights to the assets of the fund In proportion to their According to the plan In proportion to their unit holding chosen by them unit holding As decided by the trustees Equally Any safety net or guarantee provided Closed-end schemes Closed-end schemes Open-end schemes Debt schemes Gold Funds Tactical asset allocation Flexible asset allocation Dynamic asset allocation Tactical asset allocation Strategic asset allocation False True False . -

Liquidity provisions such as listing, repurchase, redemption

Aggregate fees and expenses charged to the scheme

Any safety net or guarantee provided

Who can apply

In the hands of the investors, 46 dividends paid by a mutual fund If the situation 47 so warrants, an investor can file a case against A mutual fund 48 new fund offer opens for subscription Model portfolios are part of a 49 structured approach to investment counselling Which of the following has 50 highest risk of concentration risk for retail investor Companies can invest on the basis of a Board Resolution, 51 even if the Memorandum and Articles do not permit such investments SEBI has put a 52 stop to charging _____________ to the scheme Cashless health 53 insurance policies bring down the TRUE TRUE FALSE . Initial issue expenses Exit load CDSC Recurring expenses Initial issue expenses False True False . Direct investment in Real Estate Equity shares Debentures Bank Deposit Direct investment in Real Estate True True False . After SEBI approves the scheme Trustees Fund scheme Mutual fund Trustees None are exempt from tax are taxable at 10% are taxable at 12.5% are taxable at 20% are exempt from tax

As soon as the scheme is approved by the AMC board

After SEBI approves the scheme

As soon as the trustees approve the scheme

As soon as it is defined by the products team

liquidity needs of investors Investment requirement is likely to be 54 highest for which form of direct investment A statement of account issued 55 by mutual funds does not contain Risk Appetite 56 can be assessed through Long term capital gains from debt funds 57 are subject to tax after indexation at the rate of The appropriate benchmark for a 58 short term GSec Fund investing in T bills is An investor wants to realise Rs12,000, through repurchase of his 59 unit-holding in a scheme, whose NAV is Rs12 and face value is Rs10. How many units will be redeemed Less than 1000 Less than 1000 1000 1200 Further information required i-Sec Si-Bex I-Sec Ibex i-Sec Si-Bex I-Sec Mi-Bex I-Sec Li-Bex 0.2 0.25 0.2 0.15 0.3 Risk Profilers Risk Aggregators Asset Allocators Portfolio Optimisers Risk Profilers Where the money is invested Latest NAV at the Unit balance time of printing of the statement Real Estate Gold Shares Real Estate Debentures

Transactions during the period for which the statement is issued Where the money is invested

for him to realise the requisite amount? Last year, you invested in a 7% Debenture of Reliance. Similar 60 debentures are now trading in the market at 7.5%. Your debenture is likely to be trading Open-ended schemes, other than ELSS, have to re-open 61 for ongoing sale / re-purchase within _________ of allotment. The drawback 62 of life insurance is that Which of the 63 following risks cannot be diversified? Fundamental Analysts set 64 price targets based on financial parameters An Indian investor in a 65 US$ based Fund benefits when US$ becomes stronger US$ becomes weak US$ becomes stronger US$ remains steady Euro becomes stronger TRUE FALSE TRUE . Market cap risk Market cap risk Company specific risk Market risk Sector risk Objective is risk protection and not investment 5 business days 7 business days 14 business days 5 business days 7 calendar days At a discount At par At a premium At a discount Like a share

Not guaranteed by the government

Low safety

Not guaranteed by Fixed premium is paid the government on a yearly basis

If Rs 1 lakh is required 3 years down the line from an investment would yield a 66 return of 5%, the amount to be invested today is given by the following formula in MS Excel In the NPS, 67 investor is identified by Banks often lend money 68 against _____________ of units Which of the following investors 69 belong to the institutional group of investors? Investment 70 advice depends on Index funds are also known as KIM must be 72 updated every quarter Which of the following will not 73 invest in shares of Gold Mining & Processing Ltd? Balanced Fund Gold Sector Fund Diversified Equity Fund Balanced Fund ETF-Gold FALSE TRUE FALSE * . Both the above Risk level of investment options being considered Both the above None of the above Trusts Trusts HNIs PIOs NRIs pledge dividends nomination pledge redemptions PRAN PRAN NPS No. Folio No. Fingerprinting Rs100,000*(1+0.05)^3 Rs100,000*(1+0.05)*3 Rs100,000/(1+0.05)*3 Rs100,000/(1+0.05)^3 Rs100,000*(1+0.05)^3

Risk appetite of investor

71

Passive funds

Active funds

Large cap funds

Speciality funds

Passive funds

Family factors 74 influencing risk appetite are All members of Stock 75 Exchanges are necessarily members of AMFI Identify which of these groups of 76 investors is eligible to invest in mutual funds The initial 77 phase of Life Cycle is accumulation A benefit of 78 FMP is that they do not have a portfolio risk A benefit of 79 FMP is that they do not have a portfolio risk Applicable NAV for equity fund investor would be of the same 80 day the application form is received at the point of sale, only if The appropriate 81 benchmark for a large cap equity fund is BSE Sensex the application form is received before 3 p.m. and the purchase amount is less than Rs. 1 cr and the payment instrument is payable at the location where the point of sale is located FALSE FALSE FALSE NRIs FALSE All the above

Number of earning Number of dependent members members

Life Expectancy

All the above

TRUE

FALSE

Foreign nationals

OCBs

Foreign companies

NRIs

TRUE

FALSE

TRUE

FALSE

TRUE

FALSE

the application form is received before 3 p.m. the application form is received any time before the office closes the application form is the application form is received before 3 p.m. received before 3 p.m. and the less than Rs. 1 cr and the purchase amount is less than Rs. 1 cr and the payable at the location where the point of sale is located

purchase amount is payment instrument is

BSE 500

BSE Mid-cap

BSE Smallcap

BSE Sensex

82

If one of the joint holders

Units will continue to be held by surviving

Units will be transferred to

Units will be transferred to legal heir of deceased

Units will be

Units will continue to

transferred to HUF of be held by surviving

dies, The rate of dividend distribution tax 83 applicable to individual investors in liquid funds is A debenture is a physical asset 84 because the paper on which it is printed has value Investment objective and investment 85 policy are frequently changed based on market dynamics Which of the following is not a reason for 86 investor to prefer mutual fund over bank deposit? Investor can 87 ask for Unit Certificate Mutual fund companies pay upfront 88 commission to the distributors from the entry / exit loads charged 89 Mutual fund companies pay

joint holders

nominee/s

holder

deceased holder

joint holders

0.25

0.25

0.125

0.2

0.1

FALSE

TRUE

FALSE

FALSE

TRUE

FALSE

Possibility of capital gains

Tax benefits

Deposit insurance

Possibility of capital gains

Investment convenience

TRUE

TRUE

FALSE

FALSE

FALSE

TRUE

FALSE

FALSE

TRUE

upfront commission to the distributors from the entry / exit loads charged Which of the 90 following is a synopsis of the offer document? AMC cannot charge a fee on 91 its investment in the mutual fund scheme managed by it Which of the following is not 92 an example of asset allocation? Developing a 93 model portfolio begins with setting An investor invests Rs50lakh in an equity scheme at 2.30 pm, with 94 an outstation cheque. What would be the applicable NAV for allotment of units? Model portfolios should be determined 95 based on commission income possibilities for FALSE FALSE TRUE * . Closing NAV of the Closing NAV of the Closing NAV of date of application Closing NAV of day preceding the day funds are credited Closing NAV of day immediately preceding the date of application Selection of schemes Long term goals Selection of schemes Selection of mutual fund sectors Asset allocation Distribution of investment between different AMCs TRUE TRUE FALSE . * KIM Addendum Fact sheet Statement of additional information KIM

Distribution of investment between different kinds of mutual fund schemes

Distribution of investment between debt and equity

Distribution of investment between different AMCs

Distribution of investment between equity and gold

day funds are credited day funds are credited

distributor Financial 96 Planner needs to consider Service Providers can assess risk 97 profile based on actual transactions of regular clients Product Launch 98 advertisements must contain Which of the following is not a mandatory 99 service standard as per SEBI regulations? An investor should invest only in funds of AMC which has very few offices 100 since the expenses of those offices are charged to the fund schemes FALSE FALSE TRUE . Periodic disclosure of Periodic disclosure of the fund's holdings the AMC's accounts Dispatch of dividend warrants within 30 days Online purchase and Periodic disclosure of sell of units the fund's holdings All of the above Terms of issue and mode of sale and redemption of units TRUE FALSE TRUE * . Both the above Life Cycle of client Wealth cycle of client Both the above None of the above

Applicable load structure

Investment Objective

All of the above

Scheme Functions of the and AMC Functions of the AMC Opening and Risk profile of the scheme closing dates of the new fund offer minimum investment amount, cut-off 1 Edit | Delete time and other operational details An investor has the option of converting 2 demat units into physical form and vice versa When allocation to 3 assets is allowed to vary with changes in market levels it is called An investor wants to realise Rs12,000, through re-purchase of his unit-holding in a 4 scheme, whose NAV is Rs12 and face value is Rs10. How many units will be redeemed for him to realise the requisite amount? Minimum investment amount Capitalisation of companies where a castodin Fees fund invests Fund Management 1 Edit | Delete Fees Less than 1000 1000 1200 Further information required Less than 1000 1 Edit | Delete Dynamic asset allocation Tactical asset allocation Flexible asset allocation TRUE FALSE TRUE * . 1 Edit | Delete

The following need not be included in the KIM

sponsor, trustee sponsor, trustee and

Dynamic asset allocation

Fixed asset allocation

1 Edit | Delete

'Ticket Size' is a reference to

Minimum investment amount

Proposed unit holder 6 has the same rights as other unit holders 7 KIM is updated A company's Price to 8 Earnings Ratio is 15, while its EPS is Rs5. What is its market Rs75 Rs75 Rs3 Rs20 Rs0.33 1 Edit | Delete Every year Every year Once in two years Every quarter Twice a year 1 Edit | Delete FALSE FALSE TRUE * . 1 Edit | Delete

price? Which of the following 9 features the highest risk?

Diversified equity fund

Income funds

Balanced funds

Diversified equity fund

Index funds

1 Edit | Delete

Overseas corporate bodies Which of the following 10 are not eligible to invest in mutual funds? where the ownership interests are predominantly held by NRIs Protection of Receive information that can affect their investments Sue the trust or the mutual fund their capital even if markets go down Mutual fund schemes launched by other AMCs Banks Minors

Overseas corporate bodies where the ownership interests are predominantly held by NRIs 1 Edit | Delete

Receive 11 Unit holders are entitled information that to can affect their investments

Assured returns even if there is no guarantee provided 1 Edit | Delete

_____ is a structure 12 where investors are incentivised to hold the units for a longer period A father wants his son 13 to start a business. This is Sector Allocation is a 14 key decision in a bottom up approach to portfolio building An investor offers his units in an equity scheme, for re15 purchase, at 2.30 pm. What would be the applicable NAV for the re-purchase? Redemption transactions only Purchase and redemption transactions 1 Edit | Delete Closing NAV of date of application Closing NAV of day immediately preceding the date of application Closing NAV of day Closing NAV Closing NAV of preceding the next Business Day of next business day date of application 1 Edit | Delete FALSE FALSE TRUE * . 1 Edit | Delete Aspiration Financial Goal Asset Allocation Financial Plan Aspiration 1 Edit | Delete CDSC Trail Commission Entry Load CDSC Exit Load 1 Edit | Delete

16 Loads are applicable to

Redemption transactions only

Purchase transactions

Transactions of closed-end funds

Purchase and 17 redemption transactions of investors of an openThe R&T agent The distributors The brokers The custodian The R&T agent 1 Edit | Delete

ended fund are processed by NAV-based pricing of 18 transactions is applicable to

Open-ended funds

NFOs

All funds

Closed end funds

Open-ended funds

1 Edit | Delete

First time offer of 19 A new fund offer is the a new mutual fund scheme

First time purchase of units of an old or new scheme by an investor

Offer of additional units of a new mutual fund scheme

First time offer of a new mutual fund scheme the only

Offer of new units of an existing mutual fund scheme 1 Edit | Delete

like a balance 20 A unit certificate is confirmation certificate

like a balance confirmation certificate

like a bank pass book

statement available to mutual fund investors

not available in case of mutual 1 Edit | Delete funds

Independent control mechanism such as the presence of trustees, custodian, banks and 21 the overall structure of mutual funds increase the safety of the investors' interests in mutual funds An investor invests in a liquid fund at 12.30 pm and funds are available Closing NAV of 22 for investment by the What would be the applicable NAV for allotment of units? No exposure Which of the following 23 is true of retirement in phase? Some exposure to shares to protect against inflation No exposure to shares, because there can be losses Some exposure to shares to protect against inflation to shares, Large exposure 1 Edit | Delete because any to shares since way life style interest rates are choices are made Winning a lottery is an example of An investor with high liquidity preference Sudden Wealth * low day preceding Day Closing NAV of date of application scheme the same day. the next Business Closing NAV of day preceding the next Business Day Closing NAV of day immediately preceding the date of application Closing NAV of next business 1 Edit | Delete day TRUE FALSE TRUE * . 1 Edit | Delete

24

Sudden Wealth

Accumulation

Distribution

Transition

1 Edit | Delete

25

FALSE

FALSE

TRUE

1 Edit | Delete

should opt for FMP An investor invests Rs50lakh in an gilt scheme at 2.30 pm, 26 with an outstation cheque. What would be the applicable NAV for allotment of units? the standards of be followed by 27 AMFI Code of Ethics sets out the fund distributors in their dealings and the public Faced with difficulty in 28 meeting financial goals, a family is likely to do all the following, except The amount to be 29 saved to meet a ascertained by The amount to be 30 saved to meet a ascertained by Last year, you invested in a 7% Debenture of Reliance. Similar 31 debentures are now trading in the market at 7.5%. Your debenture is likely to be trading Liquidity The terms of issue 32 indicated in the scheme information document DOES NOT cover Aggregate fees and expenses charged to the scheme provisions Tax and legal implications for mutual fund investors Any safety or guarantee provided such as listing, repurchase and redemption Aggregate fees and expenses charged to the scheme 1 Edit | Delete At a discount At par At a premium At a discount Like a share 1 Edit | Delete the standards of the standards of followed by the AMCs in their dealings with investors, the public the standards the standards of of good good practices to be followed by the fund distributors in their dealings with investors and the public 1 Edit | Delete good practices to be practices to followed by the fund be followed by distributors in their the AMCs in with mass media dealings with AMFI, their dealings Closing NAV of the day funds are credited Closing NAV of date of application Closing NAV of the day funds are credited Closing NAV Closing NAV of of day preceding the day funds are credited day immediately preceding the 1 Edit | Delete date of application

good practices to good practices to be

with AMFI, AMCs intermediaries and AMCs and the public

Move to a larger house in a better Wife starts working locality

Move to a larger house in a better locality

Economise on expenses

Husband takes up additional part time work 1 Edit | Delete

Compounding the goal amount rate of return Compounding the goal amount rate of return

Discounting the goal amount by the return Discounting the goal amount by the return

Compounding the goal amount by the return Compounding the goal amount by the return

Discounting the goal inflation rate Discounting the goal inflation rate

Compounding the goal amount rate Compounding the goal amount rate 1 Edit | Delete 1 Edit | Delete

financial goal can be by the investment investment rate of

investment rate of amount by the by the inflation

financial goal can be by the investment investment rate of

investment rate of amount by the by the inflation

Short term capital gains realised on sale of units 33 of equity-oriented mutual funds, is subject to tax at the rate of NFO dates are mentioned in Floating rate securities 35 tend to hold their value despite yield fluctuations in market Payable only on maturity TRUE FALSE TRUE * . 1 Edit | Delete 0.15 0.25 0.15 0.3 0.10 1 Edit | Delete

34

SID and KIM

Only KIM

Fund fact sheet

SID and KIM

SAI and KIM

1 Edit | Delete

36

Floating Interest is

Base + Spread Govt. Yield + Spread

Base + Spread

Yield spread

1 Edit | Delete

FMP can offer higher 37 return than bank deposit for same period Which among the 38 following is not a document required for institutional investors? If the complaint of a unit 39 holder has not been resolved by the AMC, he can approach the Principle of taking large 40 positions based on small margin payments is called Which of the following groups of investors 41 require investments to be permitted through their constitution? After a dividend, NAV 42 changes to the extent of Institutional investors Institutional investors Retail investors NRIs HNIs 1 Edit | Delete Day Trading Arbitrage Hedging Leveraging Day Trading 1 Edit | Delete Trustees AMFI Trustees RBI Company Law Board 1 Edit | Delete Profit and Loss Statement Profit and Loss Statement PAN card copy Authorised Signatory List TRUE FALSE TRUE * . 1 Edit | Delete

Memorandum and Articles of 1 Edit | Delete Association

None of the above

Dividend paid

Distribution tax, if applicable

Both the above

None of the above

1 Edit | Delete

Manager of 43 KYC documents can be attested by Any of the above Notary Public Gazetted Officer Scheduled Commercial Bank Any of the above 1 Edit | Delete

Calculate the repurchase price if the 44 NAV of the fund is Rs. 15 and the exit load is 1% The securities of a fund are held by 14.85 14.85 15 15.15 16 1 Edit | Delete

45

The custodian

The AMC

The R&T agent

The broker

The custodian 1 Edit | Delete

46

The unit holder in a mutual fund is a

Beneficial owner of the assets of the fund

Beneficial Shareholder in the trustee company Shareholder in the AMC owner of the Depositor of the assets of the fund fund 1 Edit | Delete

Investors buy units of 47 open-ended funds during the continuous offer at the NFOs other than ELSS can remain open for Which of the following is a physical asset? Encroachment risk is highest for Every AMC gives a 51 unique ARN number that should be renewed every three years The CVL system 52 generates acknowledgement along with _____ Last year, you invested in a 7% Debenture of a company, whose credit rating has since 53 changed from 'AAA' to 'AA'. Other things remaining the same, your debenture is likely to be trading 54 Which of these documents is required KIM Addendum Statement of Additional Scheme Information KIM 1 Edit | Delete At a discount At par At a premium At a discount Like a share 1 Edit | Delete MIN MIN ARN No PAN No. Folio No. 1 Edit | Delete FALSE FALSE TRUE * . 1 Edit | Delete NAV-based prices NAV-based prices NFO price Market price Face value 1 Edit | Delete

48

15 days

7 days

14 days

15 days

30 days

1 Edit | Delete

49

Real Estate

Securities Debt

Real Estate

Real Estate Fund

Gold Futures 1 Edit | Delete

50

Land

Land

Building

Gold

Art

1 Edit | Delete

to be appended to the application form of a mutual fund scheme? The minimum number 55 of investors that a scheme should have is: Which of the following 56 risks cannot be diversified? The maximum number 57 of joint holders allowed per mutual fund application is AMFI is the Self Regulatory 58 Organization for Mutual Funds and regulates all Mutual Funds Which of the following 59 is a short term government security? In case of money 60 market funds, performance must be compared using Mutual fund will pay in dollars, if an NRI who 61 has invested on repatriable basis wishes to have his units redeemed Setting monetary of a client Setting monetary client Real Estate Gold T-Bill Gilt FALSE FALSE Three Four Market cap risk 20 10

Information

Document

50

20

100

1 Edit | Delete

Company specific risk

Market cap risk

Market risk

Sector risk

1 Edit | Delete

Five

Two

Three

1 Edit | Delete

TRUE

1 Edit | Delete

T-Bill

CD

CP

1 Edit | Delete

Net yields after expenses and loads Yield change Yields + expenses

Net yields after expenses and loads Yields before expenses 1 Edit | Delete

Real Estate

Shares

Bank Deposit 1 Edit | Delete

62

Financial goal setting involves

Presenting financial planning recommendations

goals and needs goals and needs of a

Determining risk profile

Ascertaining asset allocation

1 Edit | Delete

Money market 63 securities are debt securities that mature in The role of credit risk is highest in 1 year 1 month 1 year 3 years 2 year 1 Edit | Delete

64

High-yield funds

High-yield funds

Gilt funds

Index funds Balanced Funds 1 Edit | Delete

Making available 65 Which of these is a function of AMFI? AUM, NAV and other data on the mutual fund industry Unit Certificates are an important source of 66 transactional convenience in openend schemes How many investment 67 managers have been appointed under the New Pension Scheme For trading of units in 68 closed-end funds on the stock exchange, the units should be held NAV-based pricing of 69 transactions is applicable to in the demat form 6 FALSE

Making available AUM, NAV and other data on the mutual fund industry

Managing the investor protection fund

Regulating insider trading

Computing NAV 1 Edit | Delete

TRUE

FALSE

1 Edit | Delete

1 Edit | Delete

in physical form

as statement of account

in the demat form

as unit certificates

1 Edit | Delete

Open-ended funds

All funds

Closed end funds

Open-ended funds

NFOs

1 Edit | Delete

On real time At what frequency 70 should the NAVs of open-end schemes be disclosed? Daily Daily Weekly basis now that transactions in Twice a week mutual fund units 1 Edit | Delete are allowed through stock exchanges On the redemption of units of an equity71 oriented fund, which of the following taxes is payable? Which of these 72 agencies is appointed by the trustees? company's Price to Earnings Ratio is 15, 73 while its EPS is Rs5. What is its market price? Rs75 Rs0.33 Rs75 Rs3 Rs3 5 1 Edit | Delete Custodian Custodian Distributors Auditors R&T agent 1 Edit | Delete Securities transaction tax Dividend distribution tax Securities transaction tax Wealth tax Alternate dividend tax 1 Edit | Delete

Fundamental Analysis 74 entails review of company's All the above Financial statements

Quality of Management

Competitive position in its market provide all the information All the above 1 Edit | Delete

During empanelment 75 with AMC the applicant has to sign a declaration for All of the above

commitment to abide by statutory codes, guidelines and circulars

correctness and completeness of information provided

and documents that the AMC may ask for from time to time All of the above 1 Edit | Delete

Which of these factors is NOT likely to 76 influence the rates of commission paid to a distributor? Some mutual fund 77 companies allow investors to transaction through their website To achieve growth by investing in equity and equity related investments, balanced with income generation 78 by investing in debt and money market instruments - is likely to be the investment objective of ___________ Capital gains or losses from mutual fund 79 investments are classified as short term if the investments are sold within What determines the

The number of employees or sub-brokers under the distributor The commission paid by other fund houses

The number of employees under the distributor

The potential AUM the mobilise and retain

The type of scheme or sub-brokers distributor can 1 Edit | Delete

TRUE

FALSE

TRUE

1 Edit | Delete

Balanced fund

Equity fund

Debt fund

Money market fund

Balanced fund 1 Edit | Delete

twelve months

nine months

six months

twelve months thirty-six months 1 Edit | Delete

80 interest rate sensitivity Portfolio holdings of a bond fund? NFO dates are mentioned in

YTM

Credit quality

Average Maturity

Portfolio holdings

1 Edit | Delete

81

SID and KIM

SID and KIM

Only KIM

Fund fact sheet

SAI and KIM

1 Edit | Delete

Which of these is NOT 82 a function of the R&T agent

Settling investment transactions of the fund

Processing Creating, maintaining and updating the investor records Updating the unit capital of the fund dividend and redemption payouts to investors

Settling investment transactions of the fund 1 Edit | Delete

Investment 83 management in the New Pension Scheme is handled by For which of the following groups of 84 investors are investments made through authorised signatories? If a company is 85 appointed as a trustee company, it functions through An investor seeking capital appreciation, 86 having a high risk tolerance and long term horizon must invest in The expenses that can 87 be charged to a fund are limited by New Pension Scheme is regulated by Mutual fund debt scheme is superior to 89 bank deposit in declining interest rate scenario If a scheme is profitable, SWP 90 ensures that investor keeps encashing some profit 91 Fund declares a Both the above Dividend reDividend option Both the None of the 1 Edit | Delete TRUE TRUE FALSE * . 1 Edit | Delete TRUE TRUE FALSE * . 1 Edit | Delete SEBI SEBI Investors Real Estate Bonds/Debentures Real Estate Bank Deposits PPF 1 Edit | Delete Board of Directors Board of Directors Board of Trustees Board of Sponsors None of the above 1 Edit | Delete Institutional investors HNIs Retail investors NRIs Institutional investors 1 Edit | Delete AMCs AMCs Insurance Companies PFMs NBFCs 1 Edit | Delete

Fund managers

Trustees

1 Edit | Delete

88

PFRDA

PFRDA

SEBI

IRDA

Ministry of Finance

1 Edit | Delete

dividend in can be changed 92 Fundamental attributes of a scheme but should be communicated to unit holders

investment option can be changed but can never be changed should be unit holders

above can be only changed on unit holders Chief Company director executive of a company

above

None of the above

communicated to 50% vote from

1 Edit | Delete

93

Mutual fund sponsor can be compared to

Promoter of a company

A depositor in a company

Promoter of a company

1 Edit | Delete

The following is not a channel In case of a new fund, 95

Branches of India

94 mutual fund distribution Reserve Bank of

Branches of foreign banks

Branches of PSU banks

Branches of private banks

Branches of Reserve Bank of 1 Edit | Delete India

what information must Fund manager's be used to evaluate the fund? Which of the following documents is not required to be submitted by companies to invest in mutual funds? track record

Fund manager's track record

NFO expenses

NFO period

Time of launch 1 Edit | Delete

Memorandum and Balance sheet Articles of Association PAN card copy

96

Board resolution

Balance sheet 1 Edit | Delete

97

In the pre-retirement stage,

Parents reach the Parents reach the peak of their earning capacity peak of their earning capacity

Annual investment amounts get reduced

Saving for retirement gets minimized

Saving for investment is not 1 Edit | Delete required

Investors can invest in 98 New Pension Scheme through NAV is posted on the 99 AMFI website every business day by

Points of Presence

Official Points of Acceptance

Distributors

Post Offices

Points of Presence

1 Edit | Delete

9:00:00 PM

9:00:00 PM

8:00:00 AM

10:10:00 AM

3:30:00 PM

1 Edit | Delete

100

Mutual fund sponsor can be compared to

Promoter of a company

A depositor in a company

Chief Company director executive of a company

Promoter of a company

Diversification 1 enables reduction of risk Money Market in 2 which a MF invests is regulated by Loads applicable to 3 big investors and small investors are In the context of NPS 4 portfolio allocation based on Investors age is known as Sector funds are 5 highly diversified funds Certificates of 6 Deposits (CDs) are issued by According to the Certified Financial 7 Planner's Board of Standards (USA), the first stage in financial planning is NFOs other than 8 ELSS can be open for a maximum of Most investor service centre are offices of AMCs need to bear 10 the initial issue expenses TRUE TRUE FALSE . 1 Edit | Delete Fund Accountant 15 days 7 days 10 days 15 days 30 days 1 Edit | Delete Establish and Define the ClientPlanner Relationship Analyze and Evaluate Client's Financial Status Establish and Define the Client-Planner Relationship Gather Client Data, Define Client Goals Schedules commercial banks Schedules commercial banks Corporate India None of the above 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete Life Cycle Fund Life Cycle Fund Wealth Cycle Fund Pension Fund Retirement Fund 1 Edit | Delete same different same RBI SEBI Stock Exchange RBI NSDL 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete

No exit load for both

None of the above 1 Edit | Delete

Regional Rural Banks

Develop and Present Financial Planning Recommendations and / or Options 1 Edit | Delete

Registrar

Trustees

Registrar

Custodian

1 Edit | Delete

Risk appetite of 11 investors is assessed through Accepting and Which one of the 12 following is True with respect to Custodian All of the above Safe Keeping of a schemes assets Delivering Securities for Trades done by Fund Manager Gold holdings, 13 including those used for personal use, attracts Wealth Tax The Minimum Commission to the distributor The Maximum Commission to the distributor FALSE TRUE FALSE . 1 Edit | Delete Tracking Corporate benefits All of the above 1 Edit | Delete Risk Profilers Risk Appetizers Asset Allocators Risk Profilers Financial Plan 1 Edit | Delete

14

The MF Regulations prescribe

Neither of the Above

Both of the above

Neither of the Above 1 Edit | Delete

15

Which is not a commodity PAN Card is compulsory for all MF

Real estate

Gold

Wheat

Industrial metal

Real estate

1 Edit | Delete

16

investments above Rs 50,000 including SIPs Model portfolios are a

TRUE

TRUE

FALSE

1 Edit | Delete

17

waste of time for financial planners A man nearing his retirement will be in

FALSE

TRUE

FALSE

1 Edit | Delete

18

Peak of his income

Peak of his income

Need to plan for Need not worry his retirement all legal requirements launching of the scheme have been complied with disclosures document are true, fair and adequate connected with made in the offer about retirement

Plan for his vacation 1 Edit | Delete

the draft offer A due diligence 19 certificate does not certify that the AMC guarantees a good performance document forwarded to SEBI is in accordance with SEBI regulations

the AMC guarantees a good performance

1 Edit | Delete

TIER 1 account of 20 New Pension Scheme is known as Pension Account Market risk refers to SYSTEMATIC Risk TRUE TRUE FALSE . 1 Edit | Delete

21

TRUE

TRUE

FALSE

1 Edit | Delete

Every application 22 form should be appended with the offer document Sponsors have 23 unlimited liability towards unit holders Investors can choose 24 to change their distributor or go direct Higher the capital base, better the ability 25 to financially take the downsides that come with risk An example of closed end fund Reaping or distribution stage of 27 Wealth Cycle Stage is parallel of retirement phase of life cycle If equity markets 28 move up, P/E ratios will move UP An investor in need of 29 regular income should not select The difference 30 between NAV and repurchase price is The comparable for a liquid scheme is Strategic Asset 32 Allocation is Based on Risk Profiling Maximum holding per 33 investor in 25% of Net Assets TRUE TRUE FALSE . 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete Savings Bank account Balanced Scheme Savings Bank account Exit Load Entry Load Exit Load Expenses Discount 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete Fixed Maturity Plan Fixed Maturity Plan Monthly Income Plan TRUE TRUE FALSE . 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete

26

Gilt Funds

ELSS

1 Edit | Delete

an equity growth fund

A bank deposit

a debt fund

an equity growth fund

MIP

1 Edit | Delete

31

Equity scheme

Gilt Funds

1 Edit | Delete

KIM has to be 34 updated every 6 months Statement of Account 35 is to be sent to investors within ___ days of NFO closure Fundamental analysis is an evaluation of the 36 strength of the company's pricevolume charts The Appropriate 37 Benchmark for a Banking Fund Annual report has to 38 be published within 6 months of Closing of accounts An NRI holds units in 39 a MF. What should he do if he takes up a foreign citizenship If 75% of unit holders 40 jointly decide; the services of the AMC can be terminated KIM stands for Key 41 Information Memorandum Gold ETF can invest 42 only in shares of Gold Mining Companies Gold Futures are superior to ETF Gold 43 as a vehicle for lifelong investment in gold Low risk and stable income Low risk and stable income Protection of principle Low growth with risk Long term capital appreciation FALSE TRUE FALSE . 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete Redeems Redeems Continues Transfers units to his mother, who resides in INDIA None of the above 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete BSE Bankex BSE Tech BSE Small Cap BSE Bankex BSE 500 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete 5 3 5 7 15 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete

44

Debt Funds target

1 Edit | Delete

NAV in a re45 investment option comes down after payment of dividend The format of the KIM 46 is decided by each fund What is the maximum number of AMCs with 47 whom a mutual fund distributor can be empanelled? Trail commissions are 48 linked to valuation of portfolio in the market A company buying 49 plant and machinery is buying STP is a combination of SIP and SWP Purchase transaction 51 in Equity Scheme for Rs 1 crore at 11 AM Financial Planner is 52 likely to offer advice on all except Securities 53 Transaction Tax is applicable to Debt Schemes Investors can now 54 invest directly without paying any LOAD Investment pattern of 55 the scheme is a fundamental attribute Who is the authority 56 to issue ARN number ? AMFI AMFI SEBI AMC Trustees 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete Physical Assets Financial Assets Intangible assets Physical Assets All of the above 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete There is no maximum limit 10 20 50 There is no maximum limit 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete

50

TRUE

FALSE

TRUE

1 Edit | Delete

NAV of Fund Realization day

Same Day NAV

Next Business Day NAV

NAV of Fund Realization day

Investor cannot invest Rs 1 Crore in 1 Edit | Delete a single day

Choice of Best Car

Loans

Insurance

Choice of Best Car

Inheritance

1 Edit | Delete

The maximum initial 57 commission that an AMC can pay to distributors Commodities, as an asset class, include Nil 0.05% 1% 2% Nil 1 Edit | Delete

58

All of the above

pepper

copper

gold and silver

All of the above

1 Edit | Delete

Scientific and 59 Who cannot invest in Mutual Fund in India? None of the above Army/Navy/Air Force Industrial Research Organizations Physical Health 60 Influences Ideal Asset Allocation of an Investor? Large cap funds have low liquidity risk Marking to market is 62 the process of valuing the security at Current Market Prices Appeal against SEBI 63 ruling can be filed with Who is responsible 64 for overall investments of the Fund Distributors can time 65 stamp the applications at their office At least TWO THIRD 66 of trustees has to be independent The assets of the 67 mutual fund are held by Equity markets are 68 more predictable in the short term than in FALSE TRUE FALSE Custodian AMC Trustees TRUE FALSE TRUE FALSE TRUE FALSE Chief Investment Chief Investment Officer Officer Fund Manager SAT(Securities Appellate Tribunal) SAT(Securities Appellate Tribunal) TRUE TRUE FALSE TRUE TRUE FALSE

Universities and Educational Institutions None of the above 1 Edit | Delete

1 Edit | Delete

61

TRUE

TRUE

FALSE

1 Edit | Delete

1 Edit | Delete

Ministry of Finance

RBI

SEBI Ruling is final 1 Edit | Delete

Securities Dealer

Market Analyst

1 Edit | Delete

1 Edit | Delete

1 Edit | Delete

Custodian

R&T agent

1 Edit | Delete

1 Edit | Delete

the long term If a fund seeks to distribute dividends 69 from time to time, it can be said that its investment objective is An investor offers his units in an gilt scheme, for re70 purchase, at 2.30 pm. What would be the applicable NAV for the re-purchase? AMFI interacts with ____________ on all 71 matters concerning the mutual fund industry An investor makes a 72 first time purchase in a mutual fund using All of the above SEBI RBI Government All of the above 1 Edit | Delete Closing NAV of next business day date of application Closing NAV of Closing NAV of day immediately preceding the date of application Closing NAV of day preceding Closing NAV of next the next Business Day business day 1 Edit | Delete Regular income Safety of capital Capital appreciation Capital adequacy Regular income 1 Edit | Delete

An application form

A request letter

An application form

A banker's authorization

A transaction slip 1 Edit | Delete

73

A mutual fund is made up of

A pool of investor funds

A group of investment managers

A pool of investing institutions

A pool of trustee A pool of investor money funds

1 Edit | Delete

Which of these distribution channels 74 is NOT likely to have a wide branch network? Interest is payable on a half yearly compounded basis Maximum amount that can be invested by a depositor is Rs.15 lakh Interest and withdrawals are completely tax free 1 Edit | Delete Independent financial advisors Distribution companies Banks Broking Firms Independent financial advisors 1 Edit | Delete

Which of the following 75 is a feature of PPF deposit?

Interest and withdrawals are completely tax free

Premature withdrawal is permitted after a year

Which of the following 76 is likely to have the longest portfolio holding period? 77 The owner of a small business is likely to True True False . 1 Edit | Delete Value fund Growth fund Value fund Index fund Momentum fund 1 Edit | Delete

require a larger allocation to liquid funds than a senior executive working with the Tata group An investor offers his units in an gilt scheme, for re78 purchase, at 3.30 pm. What would be the applicable NAV for the re-purchase? An investor has 1200 units in a scheme which has declared 1:3 bonus issue. The 79 scheme's NAV is Rs12, while face value is Rs10. How much will the investor have to pay to get the additional units? Distributors are 80 compensated by mutual funds primarily through Investment of 81 constant amounts at regular intervals is called Advising clients 82 Financial planning involves on how to achieve financial goals Simple annualised 83 returns are used to depict returns of Fees of custodians and fund administrators Liquid funds Advising clients on how to goals Analysing mutual achieve financial fund performance 1 Edit | Delete SIP SWP STP Value Investing SIP 1 Edit | Delete Commissions Salaries Annual Fees Share in AMC profits Commissions 1 Edit | Delete 0 Rs.4800 Rs.4000 0 Furthur Information Required 1 Edit | Delete Closing NAV of next business day date of application Closing NAV of Closing NAV of day immediately preceding the date of application Closing NAV of day preceding Closing NAV of next the next Business Day business day 1 Edit | Delete

Assessing the Setting life goals financial status of a mutual fund

Commodity funds

Debt funds

Equity funds

Liquid funds

1 Edit | Delete

Which of the following 84 expenses can be charged to a fund?

Office salaries of fund management team

Fees of custodians and fund administrators

General administration expenses of the AMC

Rent payable for registered office of 1 Edit | Delete the fund

Institutions that are 85 into distribution of mutual funds need to As the age of the 86 investor increases, risk appetite tends to Standard risk factors 87 are disclosed in the Statement of additional information As the regularity of 88 income of the investor improves, risk appetite tends to BPO employees should be advised to 89 have a large part of their portfolio in liquid funds, to take care of their lavish life styles An investor seeking hedge against 90 inflation, low risk tolerance and long term horizon must consider investing in

register with AMFI

register with AMFI

get listed on stock exchanges

register with SEBI

All of the above

1 Edit | Delete

Decrease

Increase

Decrease

Remain constant Change randomly 1 Edit | Delete

FALSE

TRUE

FALSE

1 Edit | Delete

Increase

Increase

Decrease

Remain constant Change randomly 1 Edit | Delete

FALSE

TRUE

FALSE

1 Edit | Delete

Gold

Bank Deposit

PPF

Mutual funds

Gold

1 Edit | Delete

A scheme's NAV is 91 said to be cumdividend from

Date the trustees Date of notice of Date the trustees approve a dividend in their meeting meeting to consider dividend approve a dividend in their meeting

Date the unitholders approve a dividend Date the dividend is paid 1 Edit | Delete

For investments from people other than 92 Indians resident in India mutual funds should also comply with RBI regulations To which of the 93 following mutual fund applicants does PAN not apply? PoA holders. Corporate investors. PoA holders. NRI investors. Minors and senior citizens 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete

Asset allocation is 94 based on the following principle Investor who does not have a taxable 95 income should prefer dividend option to growth option in a debt scheme For redressal of 96 complaints, the mutual fund investors have recourse to the Which of the following 97 features the lowest risk? Financial goals need 98 to be defined in terms of Absolute return is 99 shown for all fund investments less than 1 year old except Trust deed is signed 100 between Trustees and Which of the following is NOT a pre-requisite 1 before a distributor can offer MFSS services to its investors? Higher portfolio turnover implies

Don't put all your egg in one basket Caveat Emptor Customer is king

Don't put all your Men are from mars, egg in one basket Women are from Venus 1 Edit | Delete

FALSE

TRUE

FALSE

1 Edit | Delete

SEBI

Ministry of Company Affairs

SEBI

RBI

AMFI

1 Edit | Delete

Money market funds

Index funds

Balanced funds

Money market funds

Income funds

1 Edit | Delete

Time and money Time and money Aspirations and required required costs

Time and inflation assumptions

Costs and loan required

1 Edit | Delete

Equity funds

Commodity funds

Debt funds

Liquid funds

Equity funds

1 Edit | Delete

Sponsors

AMC

Sponsors

AMFI

RTA

1 Edit | Delet

Being a banker to the fund

Clearing the AMFI examination

Obtaining the AMFI registration number or ARN

Being a registered broker on the stock exchange Being a banker to the fund 1 Edit | Delete

Higher transaction costs

Lower capital gains

Higher transaction costs

Higher capital gains Distribution

Long term orientation

1 Edit | Delete

Distribution 3 Asset Allocation refers to between asset classes in portfolio

Distribution between fund mutual fund

Distribution between trust

between family Distribution between members on death of a person . 1 Edit | Delete asset classes in portfolio 1 Edit | Delete

managers in a beneficiaries in a

Arbitrage Funds take

FALSE

TRUE

FALSE

similar positions in different markets / securities, such that the risk is neutralized, but a return is earned Several pension funds are limited by 5 charter to take equity exposures only through index funds Mentioning PAN Which of the following 6 is not mandatory for investors? Occupation irrespective of investment amount except in case of micro SIPs Which of the following 7 markets is most illiquid? The accumulation 8 stage is characterised by If an institution is into distribution of mutual fund products, atleast 9 60% of the employees into selling mutual funds should have ARN number A family is trying to get their son into an engineering college. 10 The financial planner would suggest the following to meet the financial requirements Which of the following documents is not 11 required to be submitted by charitable trusts to Board resolution Trust deed Board resolution List of authorised signatories Memorandum and Articles of Association 1 Edit | Delete Pay using credit Avail of personal Pay using credit card loan from bank card Take an education loan Sell off the house where they stay 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete Real Estate Equity Debt Real Estate Gold 1 Edit | Delete Mentioning Bank mandate TRUE TRUE FALSE . 1 Edit | Delete

Compliance to KYC norms for investments in excess of Rs. 50,000 Occupation 1 Edit | Delete

Long term investments

Acquiring assets

Providing for children

Saving for retirement

Long term investments

1 Edit | Delete

invest in mutual funds? Fundamental 12 Analysts set price targets based on financial parameters Simple annualised returns is used to 13 depict returns in case of liquid funds because Which of these represent a 14 distribution channel with sub-brokers affiliated to it? Investor transaction 15 requests are time stamped The rate of interest 16 applicable in case of PPF is The Know Your Customer process 17 has to be completed for investments in mutual funds above Provide benefits 18 Real Estate Mutual Funds of both real and mutual fund investing For which of the following groups of 19 investors are investments made through authorised signatories? SID should be 20 prepared using the language specified in TRUE TRUE FALSE . 1 Edit | Delete Institutional investors HNIs Retail investors Institutional investors NRIs 1 Edit | Delete Are beyond the retail investor Provide benefits of both real and mutual fund investing Are a popular investment option among institutional investors Are not easy to liquidate 1 Edit | Delete Rs.50000 Rs.25000 Rs.100000 Rs.10000 Rs.50000 1 Edit | Delete 8% p.a. 8.5% p.a. 8% p.a. 10% p.a. 9% p.a. 1 Edit | Delete On receipt at official points of acceptance On receipt at R&T agent's office On receipt at official points of acceptance Distribution company AMC BANK Distribution company Direct Channel 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete

The return is calculated over short time horizon

The amount of investment is large

The investment is made for 365 days

The return is short time horizon

The return is small amounts of daily accruals 1 Edit | Delete

calculated over typically made up of

On receipt by the distributor

On receipt at the AMC's office

1 Edit | Delete

estate investing means of a small estate investing

the SEBI format KYC of the KYC is not required if 21 the investment is in name of minor guardian is required in case the investor is a minor Which of the following 22 do not have a Scheme re-opening date? Which of these distribution channels 23 is likely to sell only funds of a single fund house? Letting out real estate entails Maximum exit load 25 under SEBI regulations is at a price as agreed by the fund managers of both the schemes 0.07 0.05 0.07 0.025 0.01 1 Edit | Delete Institutional sales team of the AMC Institutional sales team of the AMC Independent financial advisor Bank Distribution company 1 Edit | Delete Closed-end funds Open-end funds Closed-end funds ETFs ELSS 1 Edit | Delete The statement is varies from fund 'TRUE' to fund KYC of the guardian is required in case the investor is a minor

KYC is required only for investments made through stock exchanges 1 Edit | Delete

24

Both the above Ownership Risk

Credit Risk

Both the above

None of the above 1 Edit | Delete

A mutual fund can 26 transfer securities between its schemes ____________

only if such transfer takes place at market prices

irrespective of whether the securities are listed or unlisted

only if such transfer takes place at market prices such transfers are not allowed 1 Edit | Delete

SEBI is responsible 27 for developing a cadre of well trained Agent distributors The following period 28 is used for checking the annual limit for Micro-SIP Time stamping needs 29 to start with serial no. 1 on every business day Dividends from 30 mutual funds are exempt from tax Only in the hands of the investor, but certain Only in the hands of the investor, but TRUE' for all categories of funds FALSE TRUE FALSE . 1 Edit | Delete Either of the above Rolling 12 months April March Either of the above January - December 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete

TRUE' only for liquid funds

The statement is false

1 Edit | Delete

categories of mutual funds are subject to dividend distribution tax

certain categories of mutual funds are subject to dividend distribution tax

High Yield Debt 31 Funds are highest in risk among debt funds Sponsor should have positive net worth for Investors have different investment 33 objectives. Therefore, mutual funds offer different ___________ Exempt for dividend distribution tax______ Condensed financial 35 information about scheme is provide in the______ Which among 36 following bond fund have minimum interest rate risk____ During period of 37 economic turmoil liquid risk are high in_____ Individual investor 38 can not be invest in to equity through mutual fund BSE new platform for 39 mutual fund transaction is called 40 Long term capital IMP IMP private placement trading in stock exchange private placement ipo none of the above 1 Edit | Delete gilt front line stock gilt mid cap stock index 1 Edit | Delete money market fund money market fund income fund g-sec fund dyanamic fund 1 Edit | Delete SAI Addendum Offer document SAI KIM 1 Edit | Delete Equity oriented fund Equity oriented fund Schemes Plan Schemes Options NAVs 1 Edit | Delete Last Financial Year TRUE FALSE TRUE . 1 Edit | Delete

32

Last 5 years

Last 2 years

Last 3 years

Last 5 years

1 Edit | Delete

34

Liquid fund

Debt Fund

Balance Fund

1 Edit | Delete

bse star mutual fund platform

bse mfss

bolt star

bse star mutual fund platform

bolt

1 Edit | Delete

equity oriented

balanced fund

debt oriented

liquid fund

equity oriented fund 1 Edit | Delete

gain from which of following fund is exempt for tax

fund

fund

41

Fund declares a dividend in

dividend both of the above dividend option reinvestment option

both of the above

dividend reinvestment and 1 Edit | Delete growth option

42

Party in whose unit are pledged is called Fund take position

pledger

pledgee

pledged

pledger

pledge

1 Edit | Delete

43

that are contrary to IMP arbitrage fund the market Which of the following will sign an beneficiary authorized signatory

contra

thematic

arbitrage fund

dividend yield

1 Edit | Delete

44

application form on behalf of trust_________? In the transition phase investor turn to

trust

nominees

trustees

beneficiary authorized signatory

1 Edit | Delete

45

increase the proportion of their portfolio in __ Transaction slip are used by The role of credit risk is high in _____ Mutual Fund are

IMP Growth Assets

Growth Assets

Liquid Assets

Equity Assets

Debt

1 Edit | Delete

46

IMP

Existing unit holder

Existing unit holder

NFO investor

First time investor

Fresh investor

1 Edit | Delete

47

IMP High Yield Fund Balanced Fund

Gilt Fund

High Yield Fund

Index Fund

1 Edit | Delete

48

allow to borrow to market redemption payout? More than half of

TRUE

TRUE

FALSE

1 Edit | Delete

49

Indian wealth is financial assets? The presence of

IMP

FALSE

TRUE

FALSE

1 Edit | Delete

50

market maker provide liquidity in case of an ETF? Expenses ratio are

IMP

TRUE

FALSE

TRUE

1 Edit | Delete

51

more important in the case of debt oriented

IMP

TRUE

TRUE

FALSE

1 Edit | Delete

fund? MIP is the category of debt fund? Unit of close ended 53 fund tend to trade the stock market at premium to NAV? Fixed allocation balanced fund are 54 risky than the flexible allocation balance fund? SEBI is the responsible 55 developing a cadre of IMP the well trained agent distributor? Gilt fund is a good 56 alternative to a current account for business? Every SEBI authorized AMC is 57 authorized to manage IMP investment under to NPS? Junk bond scheme 58 are also known as IMP high yield scheme? Balanced scheme 59 offer to benefit of diversity of assets class with to scheme? STT is not charged in case of _____ The offer document 61 DOES NOT give information on the 62 The sponsor is required to contribute IMP Short term park debt fund Names of Short term park debt fund IMP TRUE TRUE FALSE . 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete TRUE FALSE TRUE . 1 Edit | Delete IMP FALSE TRUE FALSE . 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete FALSE TRUE FALSE . 1 Edit | Delete IMP FALSE TRUE FALSE . 1 Edit | Delete

52

IMP

TRUE

TRUE

FALSE

1 Edit | Delete

60

IMP

Equity Fund

Balanced Fund

Index Fund

1 Edit | Delete

Names of

securities in the securities in the scheme portfolio scheme portfolio 40% of the capital of the 40% of the capital of the

Investment objective

Portfolio features

Risk factors

1 Edit | Delete

50% of the capital of the

60% of the capital of the

10% of the capital of

1 Edit | Delete

at least Financial Planner should not assist the client in implementing 63 and monitoring the financial plan, because there is a conflict of interest Dividend warrants 64 have to be dispatched to unit holders within Which of the following 65 do not carry credit risk? TDS on dividend 66 distributed by a liquid scheme is Which of the following is subject to tax? Technical Analysis 68 interprets investor sentiment from pricevolume behaviour In order to ascertain the fundamental 69 attributes of the fund, an investor needs to look up General and specific risk factors are part of If an investor prefers lower risk and is 71 willing to settle for a lower return, he is likely to be classified as A closed-end fund has a fixed

AMC

AMC

AMC

AMC

the AMC

FALSE

TRUE

FALSE

1 Edit | Delete

30 days of declaration of dividend

30 days of declaration of dividend

40 days of declaration of dividend

50 days of declaration of dividend

10 days of declaration of dividend 1 Edit | Delete

Government securities

Certificate of Deposit

Commercial Paper

Government securities

Corporate bonds

1 Edit | Delete

Not applicable

0.125

0.2

0.25

Not applicable

1 Edit | Delete

67

Capital gains of a Dividend income Capital gains of Interest income Dividend distribution mutual fund of a mutual fund a mutual fund of a mutual fund by a mutual fund

1 Edit | Delete

TRUE

TRUE

FALSE

1 Edit | Delete

Scheme Information Document

Scheme Information Document

Statement of Additional Information

Key Information memorandum.

Factsheet

1 Edit | Delete

70

SID

SAI

Fund fact sheet

Annual newsletter

SID

1 Edit | Delete

Conservative

Aggressive

Moderate

Conservative

Adventurous

1 Edit | Delete

72

Unit capital

Rate of return

Market price

NAV

Unit capital

1 Edit | Delete

73

Which of the following

IMP STT is payable STT is payable when the investor when the

STT is payable when the

STT is payable when the

STT is payable when the investor

1 Edit | Delete

is true?

sells units of mutual fund to

investor invests end equity the fund house

investor sells units of openend equity the fund house

investor invests sells units of openin units of openend debt mutual fund from the fund house end debt mutual fund to the fund house

open-end equity in units of open-

the fund house mutual fund from mutual fund to

Redemption 74 transactions are priced at IMP

NAV minus exit load

NAV plus exit load

NAV minus exit NAV minus entry load load

NAV plus entry load 1 Edit | Delete

Issuing units to Which of the following 75 is not a function of the IMP RTA? Calculation of the scheme NAV an investors against a purchase request Thematic Funds have 76 a wider exposure than Sector funds Sponsors that are 77 banks are also regulated by Liquid schemes cannot charge 78 management fees on IMP funds parked in short term bank deposits Interval Funds 79 combine features of open end and close end schemes STT is levied on re80 purchase of units of equity mutual fund at___ Life insurance is meant for Which of these 82 entities promotes the mutual fund? An offer document 83 enables investors to draw a comparison of IMP TRUE TRUE The sponsor 0.0025 0 IMP TRUE FALSE TRUE TRUE IMP RBI AMFI IMP TRUE TRUE

Processing various payouts Maintaining and to fund investors, e.g. dividends and redemptions updating investor records Calculation of the scheme NAV 1 Edit | Delete

FALSE

1 Edit | Delete

Stock Exchange

RBI

SEBI

1 Edit | Delete

FALSE

1 Edit | Delete

TRUE

1 Edit | Delete

0.00125

0.0025

0.00017

1 Edit | Delete

81

IMP Risk protection

Tax Planning

Investment

Risk protection

Saving

1 Edit | Delete

The asset management company The sponsor The trust The custodian 1 Edit | Delete

FALSE

1 Edit | Delete

mutual funds. A portfolio with a beta less than 1 is An existing bond fund 85 will lose value when IMP market interest rates Which of these documents is 86 required to be appended to the application form of a mutual fund scheme? Capital gains or losses from mutual fund investments are 87 classified as long term if the investments are sold after a holding period of If an advisor asks the investor to liquidate equity investments 88 due to a correction in IMP markets, and hold cash, such a rebalancing is called AMFI is expected to make a continuous 89 effort to remind the investors through letters to claim their dues Liquidity risk of investor is highest in Closed-end schemes Open-end schemes Liquidity Any safety net or provisions such guarantee provided as listing, repurchase, redemption Closed-end schemes IMP FALSE TRUE FALSE . 1 Edit | Delete Tactical asset allocation Flexible asset allocation Dynamic asset allocation Strategic asset allocation Tactical asset allocation 1 Edit | Delete IMP One year Five years One year Three years Two years 1 Edit | Delete IMP KIM Offer Document SID SAI KIM 1 Edit | Delete Rise Rise Less risky than market Equally risky than market More risky than Less risky than market market Highly risky compared to market

84

1 Edit | Delete

Remain unchanged

Fall

Are equal to yields 1 Edit | Delete

90

Debt schemes

Gold Funds

1 Edit | Delete

Under fundamental 91 attributes, the terms of issue do not include

Aggregate fees and expenses charged to the scheme

Any safety net or guarantee provided Who can apply 1 Edit | Delete

In the hands of the 92 investors, dividends paid by a mutual fund If the situation so 93 warrants, an investor can file a case against IMP

are exempt from tax

are taxable at 10%

are taxable at 12.5%

are exempt from tax

are taxable at 20% 1 Edit | Delete

Trustees

Fund scheme

Trustees

Mutual fund

None

1 Edit | Delete

A mutual fund new 94 fund offer opens for subscription

After SEBI approves the scheme.

As soon as the scheme is approved by the AMC board

After SEBI approves the scheme.

As soon as the trustees approve the scheme.

As soon as it is defined by the products team 1 Edit | Delete

Model portfolios are part of a structured 95 approach to investment counseling Which of the following 96 has highest risk of concentration risk for retail investor SEBI has put a stop 97 to charging _____________ to the scheme Cashless health insurance policies 98 bring down the liquidity needs of investors Transactions during the period for which the statement is issued Portfolio Optimisers Where the money is invested 1 Edit | Delete IMP TRUE TRUE FALSE . 1 Edit | Delete Initial issue expenses Initial issue expenses Exit load CDSC Recurring expenses 1 Edit | Delete Direct investment in Real Estate Equity shares Debentures Bank Deposit Direct investment in Real Estate 1 Edit | Delete TRUE TRUE FALSE . 1 Edit | Delete

A statement of 99 account issued by mutual funds does not contain IMP

Where the money is invested Unit balance

Latest NAV at the time of printing of the statement

100

Risk Appetite can be assessed through

Risk Profilers

Risk Aggregators

Asset Allocators

Risk Profilers

1 Edit | Dele

The sponsor is required to contribute at least Financial Planner should not assist the client in implementing and 2 monitoring the financial plan, because there is a conflict of interest A mutual fund is 3 managed in the beneficial interest of the The rate of dividend distribution tax 4 applicable to corporate investors in nonequity oriented funds is A mutual fund 5 enables an investor to use the services of Which of the 6 following do not carry credit risk?

40% of the of the AMC 40% of the AMC capital capital of the 50% of the capital of the AMC 60% of the AMC 10% of the 1 AMC capital of the capital of the Edit | Delet e

FALSE

FALSE

TRUE

Edit | Delete

Unitholders

Unitholders

Sponsors

Directors

Trustees

Edit | Delete

0.2

0.25

0.2

.08

0.14

Edit | Delete

a professional investment manager

a a professional financial advisor professional investment broker

a professional a professional investment manager financial planner 1 Edit | Delete

Government securities

Certificate of Deposit

Commercial Government Paper securities

Corporate bonds

Edit | Delete

The change in the value of an 7 investment between two periods is known as Which of the 8 following is subject to tax? Which of the following 9 functions is primarily performed by a mutual fund? General and 10 specific risk factors are part of SID SAI Acceptance of deposits Borrowing at fixed rates Acceptance of deposits Managing an investment portfolio Pledging of securities Capital gains of a mutual fund Interest income of a mutual fund Capital gains fund Dividend 1 Edit | Delete a mutual fund Simple Annualised return Simple Annualised return Compounded return

Total return Simple return

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Dividend income of a mutual fund

of a mutual distribution by

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Fund fact sheet

Annual newsletter

SID

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STT is STT is payable when STT is payable the investor when the investor 11 Which of the following is true? sells units of invests in units of open-end fund to the fund house open-end equity the fund house equity mutual mutual fund from payable when the investor invests in units of open-end debt mutual fund house Relaxation from documentation 12 requirements for Micro SIPs is available for Thematic Funds 13 have a wider exposure than Sector funds AMFI code of ethics prescribes 14 that mutual fund scheme portfolios should be All classes of unitholders Identified special classes of unitholders Retail individual class of unitholders All classes of unitholders TRUE TRUE FALSE * . 1 Edit | Delete STT is the investor open-end fund to the STT is the investor open-end fund to the fund house 1 Edit | Delete payable when payable when sells units of sells units of equity mutual debt mutual

fund from the fund house

Individuals, including NRIs, but not PIOs

Only individuals, other than NRIs and PIOs

Individuals, including NRIs, but not PIOs

Individuals, including NRIs and PIOs

Individuals, including PIOs, but not NRIs 1 Edit | Delete

Institutional class of unitholders 1 Edit | Delete

managed in the interest of Life insurance is meant for An offer document 16 enables investors to draw a comparison of mutual funds Highly risky compared to market 1 Edit | Delete TRUE TRUE FALSE * . 1 Edit | Delete Risk protection Risk protection

15

Tax Planning

Investment

Saving

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17

A portfolio with a beta less than 1 is

Less risky than market

Equally risky than Less risky market

More risky

than market than market

An existing bond fund will lose 18 value when market interest rates Which of these documents is required to be 19 appended to the application form of a mutual fund scheme? If an advisor asks the investor to liquidate equity investments due 20 to a correction in markets, and hold cash, such a rebalancing is called Under fundamental 21 attributes, the terms of issue do not include 22 Unit holders enjoy rights to the Liquidity provisions such as listing, repurchase, redemption Aggregate fees and expenses charged to the scheme Tactical asset allocation Flexible asset allocation Tactical asset allocation Dynamic asset allocation Strategic asset allocation 1 Edit | Delete KIM Addendum Statement of Additional Information Scheme Information Document KIM 1 Edit | Delete Rise Remain unchanged Rise Fall Are equal to yields 1 Edit | Delete

Any safety net or guarantee provided

Any safety net or guarantee provided Who can apply 1 Edit | Delete

In proportion According to the In proportion As decided to their unit plan chosen by to their unit by the

Equally

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assets of the fund If the situation so 23 warrants, an investor can file a case against A mutual fund 24 new fund offer opens for subscription Model portfolios are part of a 25 structured approach to investment counselling Which of the following has 26 highest risk of concentration risk for retail investor Cashless health insurance policies 27 bring down the liquidity needs of investors Investment requirement is 28 likely to be highest for which form of direct investment Risk Appetite can 29 be assessed through Last year, you invested in a 7% Debenture of 30 Reliance. Similar debentures are now trading in the market at 7.5%. Your debenture is

holding

them

holding

trustees

Trustees

Fund scheme

Mutual fund

Trustees

None of the above

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After SEBI approves the scheme.

As soon as the scheme is approved by the AMC board.

After SEBI approves the scheme.

As soon as it As soon as it is defined by is defined by the products the products team. team 1 Edit | Delete

TRUE

TRUE

FALSE

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Direct investment in Real Estate

Direct investment in Real Estate

Bank Deposit Debentures Equity shares

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TRUE

TRUE

FALSE

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Real Estate

Debentures

Real Estate

Gold

Shares

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Risk Profilers Risk Aggregators

Asset Allocators

Portfolio Optimisers

Risk Profilers

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At a discount

At par

At a discount At a premium Like a share

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likely to be trading Fundamental Analysts set price 31 targets based on financial parameters Banks often lend 32 money against _____________ of units Risk level of 33 Investment advice depends on Both the above Risk appetite of investor investment options being considered Index funds are also known as KIM must be 35 updated every quarter Family factors 36 influencing risk appetite are All members of 37 Stock Exchanges are necessarily members of AMFI Identify which of these groups of 38 investors is eligible to invest in mutual funds. The appropriate 39 benchmark for a large cap equity fund is Units will 40 If one of the joint holders dies, continue to be held by surviving joint holders Units will be transferred to nominee/s Units will be held by surviving joint holders Units will be legal heir of deceased holder Units will be HUF of deceased holder 1 Edit | Delete BSE Sensex BSE 500 BSE Mid-cap BSE Smallcap BSE Sensex 1 Edit | Delete NRIs Foreign nationals NRIs OCBs Foreign companies 1 Edit | Delete FALSE TRUE FALSE * . 1 Edit | Delete All the above Number of dependent members FALSE TRUE FALSE * . 1 Edit | Delete Large cap funds Speciality funds Both the above None of the above 1 Edit | Delete pledge dividends nomination pledge redemptions 1 Edit | Delete TRUE FALSE TRUE . * 1 Edit | Delete

34

Passive funds

Active funds

Passive funds

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Number of earning members

Life Expectancy

All the above

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continue to transferred to transferred to

Investment objective and investment policy 41 are frequently changed based on market dynamics Which of the 42 following is a synopsis of the offer document? Distribution of investment between different AMCs Distribution of investment between different kinds of mutual fund schemes Distribution of investment between different AMCs KIM Addendum Fact sheet FALSE TRUE FALSE * . 1 Edit | Delete

Statement of additional information KIM 1 Edit | Delete

Which of the 43 following is not an example of asset allocation?

Distribution of investment between debt and equity

Distribution of investment between equity and gold 1 Edit | Delete

Developing a 44 model portfolio begins with setting Financial Planner needs to consider Both the above Life Cycle of client Terms of issue All of the above and mode of sale and redemption of units Selection of schemes

Selection of Long term goals mutual fund sectors

Selection of schemes

Asset allocation

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45

Wealth cycle of client

Both the above

None of the above

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Product Launch 46 advertisements must contain

Applicable load structure

Investment Objective

All of the above

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Which of the following is not a 47 mandatory service standard as per SEBI regulations? Periodic disclosure of the fund's holdings Periodic disclosure of the AMC's accounts Online purchase and sell of units

Dispatch of dividend warrants within 30 days

Periodic disclosure of the fund's holdings 1 Edit | Delete

Scheme minimum The following 48 need not be included in the KIM Functions of trustee and AMC scheme Opening and investment of the new fund offer off time and other operational details 49 When allocation to assets is Dynamic asset Dynamic asset 1 Edit | Delete Functions of trustee and AMC 1 Edit | Delete the sponsor, Risk profile of the closing dates amount, cut- the sponsor,

Tactical asset

Flexible asset Fixed asset

allowed to vary with changes in market levels it is called

allocation

allocation

allocation

allocation

allocation

50

'Ticket Size' is a reference to

Minimum amount

Capitalisation of a fund invests

Capitalisation to companies where a fund invests

Fund Management Fees

Minimum investment amount 1 Edit | Delete

investment companies where

A company's Price to Earnings 51 Ratio is 15, while its EPS is Rs5. What is its market price? Which of the 52 following features the highest risk? Rs75 Rs75 Rs70 Rs654 Rs72 1 Edit | Delete

Diversified equity fund

Index funds

Balanced funds

Income funds

Diversified equity fund

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Receive 53 Unit holders are entitled to information that can affect their investments A father wants his 54 son to start a business. This is Redemption transactions only Aspiration Financial Goal Sue the trust or the mutual fund

Protection of even if markets go down

Assured

Receive information 1 Edit | Delete their investments

their capital returns even guarantee provided

if there is no that can affect

Asset Allocation

Aspiration

Financial Plan

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55

Loads are applicable to

Purchase transactions

Transactions Purchase and Redemption of closed-end redemption funds transactions transactions only 1 Edit | Delete

Purchase and redemption 56 transactions of investors of an open-ended fund are processed by NAV-based 57 pricing of transactions is applicable to the only statement available to like a bank pass book Open-ended funds All funds Closed end Open-ended funds funds NFOs 1 Edit | Delete The R&T agent The brokers The distributors The custodian The R&T agent 1 Edit | Delete

58

A unit certificate is

like a balance confirmation

like a balance not available confirmation in case of

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certificate

mutual fund investors

certificate

mutual funds

Independent control mechanism such as the presence of trustees, custodian, banks 59 and the overall structure of mutual funds increase the safety of the investors' interests in mutual funds Some Which of the 60 following is true of retirement in phase? exposure to shares to protect against inflation No exposure to there can be losses No exposure to shares, way life style choices are made shares, because because any Some exposure to shares to protect against inflation TRUE TRUE FALSE * . 1 Edit | Delete

Large exposure to shares since interest rates are low 1 Edit | Delete

Distribution of 61 Winning a lottery is an example of Sudden Wealth Accumulation Sudden Wealth investment Transition between equity and gold the standards of the standards of be followed by the AMCs in their dealings with mass media good practices to be followed by the fund distributors in their dealings with investors and the public 1 Edit | Delete

the standards of good practices to AMFI Code of Ethics sets out by the AMCs in their dealings with investors, intermediaries and the public be followed good practices to 62

the standards the standards of good practices to be followed by the fund distributors in with AMFI, the public of good practices to be followed by the AMCs in their investors, and the public 1 Edit | Delete

their dealings dealings with AMCs and intermediaries

The amount to be 63 saved to meet a financial goal can be ascertained by

Compounding Discounting the the goal goal amount by amount by the investment the investment rate of return

Discounting Compounding the goal amount by the inflation rate the goal amount by the inflation rate

Compounding the goal amount by the investment 1 Edit | Delete

rate of return

rate of return Liquidity

The terms of issue indicated in 64 the scheme information document DOES NOT cover Any safety or guarantee provided Aggregate fees and expenses charged to the scheme Any safety or guarantee provided Tax and legal implications for mutual fund investors

provisions such as listing, repurchase and redemption 1 Edit | Delete

65

NFO dates are mentioned in FMP can offer

SID and KIM

SID and KIM

Only KIM

Fund fact sheet

SAI and KIM

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66

higher return than bank deposit for same period Which among the following is not a document required for institutional investors? If the complaint of a unit holder has

TRUE

TRUE

FALSE

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Profit and Loss Statement PAN card copy

Profit and Loss Statement

67

Authorised Signatory List

Memorandum and Articles of Association 1 Edit | Delete

68

not been resolved by the AMC, he can approach the Which of the following groups of investors

Trustees

Trustees

AMFI

RBI

Company Law Board

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69

require investments to be permitted through their constitution?

Institutional investors

Retail investors

Institutional investors

NRIs

HNIs

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KYC documents 70 can be attested by

Manager of Any of the above Notary Public Gazetted Officer Scheduled Commercial Bank The R&T agent Any of the above 1 Edit | Delete

71

The securities of a fund are held by The unit holder in a mutual fund is a

The custodian The custodian

The AMC

The broker

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Beneficial owner of the assets of the

72

Shareholder in the trustee

Shareholder Depositor of in the AMC the fund

Beneficial owner of the assets of the 1 Edit | Delete

fund Investors buy units of open73 ended funds during the continuous offer at the Every AMC gives a unique ARN 74 number that should be renewed every three years The CVL system 75 generates acknowledgement along with _____ The minimum number of 76 investors that a scheme should have is The maximum number of joint 77 holders allowed per mutual fund application is AMFI is the Self Regulatory 78 Organization for Mutual Funds and regulates all Mutual Funds Which of the following is a 79 short term government security? In case of money 80 market funds, performance must be compared T-Bill FALSE Three 20 MIN FALSE NAV-based prices

company

fund

NFO price

Market price

NAV-based prices

Face value

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TRUE

FALSE

Edit | Delete

ARN No

PAN No.

MIN

Folio No.

Edit | Delete

20

10

Edit | Delete

Two

Four

Five

Three

Edit | Delete

TRUE

FALSE

Edit | Delete

Gilt

T-Bill

CD

CP

Edit | Delete

Net yields after expenses and Yield change

Yields + expenses

Yields before expenses

Net yields after expenses and 1 Edit | Delete

using

loads Setting Setting Presenting financial planning monetary goals and client Making available Managing the investor protection fund AUM, NAV and other data on the mutual fund industry Regulating insider trading Ascertaining asset allocation

loads

81

Financial goal setting involves

monetary goals and client Making available

Determining risk profile

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needs of a recommendations needs of a

Which of these is 82 a function of AMFI?

AUM, NAV and other data on the mutual fund industry

Computing NAV

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Unit Certificates are an important source of 83 transactional convenience in open-end schemes How many investment 84 managers have been appointed under the New Pension Scheme For trading of units in closed85 end funds on the stock exchange, the units should be held NAV-based 86 pricing of transactions is applicable to On the redemption of 87 units of an equityoriented fund, which of the following taxes is Securities transaction tax Securities transaction tax Dividend distribution tax Wealth tax Alternate dividend tax Open-ended funds All funds Open-ended Closed end funds funds NFOs 1 Edit | Delete in the demat form in the demat form in physical form as statement of account as unit certificates 1 Edit | Delete 6 6 7 8 4 1 Edit | Delete TRUE FALSE TRUE * . 1 Edit | Delete

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payable? Fundamental 88 Analysis entails review of company's Which of these factors is NOT 89 likely to influence the rates of commission paid to a distributor? : _To achieve growth by investing in equity and equity related investments, balanced with income 90 generation by investing in debt and money market instruments - is likely to be the investment objective of ___________ What determines 91 the interest rate sensitivity of a bond fund? Processing Updating the dividend and unit capital of redemption the fund payouts to investors 1 Edit | Delete Portfolio holdings YTM Credit quality Average Maturity Portfolio holdings 1 Edit | Delete Balanced fund Equity fund Debt fund Money market fund Balanced fund 1 Edit | Delete All the above Quality of Management

Competitive position in its market

Financial statements

All the above

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The number of employees The commission or subbrokers under the distributor paid by other fund houses The type of scheme

The number The potential of employees or subthe distributor AUM the distributor can retain 1 Edit | Delete

brokers under mobilise and

Which of these is 92 NOT a function of the R&T agent?

Settling investment transactions of the fund

Creating, maintaining and updating the investor records

Settling investment transactions of the fund

Investment management in 93 the New Pension Scheme is handled by 94 If a company is Board of Board of Trustees Board of Board of None of the 1 Edit | Delete AMCs Insurance Companies AMCs PFMs NBFCs 1 Edit | Delete

appointed as a trustee company, it functions through The expenses 95 that can be charged to a fund are limited by Mutual fund debt scheme is 96 superior to bank deposit in declining interest rate scenario Mutual fund 97 sponsor can be compared to The following is 98 not a mutual fund distribution channel Investors can 99 invest in New Pension Scheme through NAV is posted on 100 the AMFI website every business day by

Directors

Sponsors

Directors

above

SEBI

Investors

Fund managers

Trustees

SEBI

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TRUE

TRUE

FALSE

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Promoter of a A depositor in a company company

Chief executive of a company

Promoter of a company

Company director

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Branches of Reserve Bank of India

Branches of foreign banks

Branches of Branches of PSU banks private banks

Branches of Reserve Bank of India 1 Edit | Delete

Points of Presence

Points of Presence

Official Points of Acceptance Distributors Post Offices 1 Edit | Delete

9:00:00 PM

8:00:00 AM

3:30:00 PM

9:00:00 PM 10:10:00 AM

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