Amfi Paper

Q. 1) What is the purpose of investing in MF?
A) Wealth CreationB) SpeculationC) GamblingD) None
Q. 2) What is fund of fund? [1 Marks]

A) Fund form to invest in other MF as per the pre decided objectiveB) Equity FundC) Debt fundD) Balance Fund
Q. 3) What is index fund ? [1 Marks]

A) Active managementB) Passive managementC) Both A & BD) Non of Above
Q. 4) A sponsor can be ?
[1 Marks] A) AMCB) TrusteeC) CustodianD) RTA
Q. 5) What is not an advantage of MF ?

A) Professional ManagementB) Choice overloadC) Economic ScaleD) Liquidity
Q. 6) Who can invest in open ended fund after the NFO ?

A) Existing Investors & New InvestorsB) Existing InvestorsC) New InvestorsD) No one
Q. 7) What is tactical asset allocation ?

A) as per ageB) as per incomeC) as per risk appetiteD) none of Above
Q. 8) Appointment of AMC can be Terminated

A) 75% Unit HoldersB) SponsorC) Majority of the trusteesD) Both A & C
Q. 9) Kim is ? [1 Marks]
A) SIDB) SAIC) SID+SAID) None of Above
Q. 10) full form of ASBA ? [1 Marks]

A) Application supported by blocked amountB) Application supported by balance amountC) Application of balance amountD) None of Above
Q. 11) After NFO in how many days MF should start transactions ? [1 Marks]
A) 3 business DaysB) 5 business daysC) 7 business daysD) 5 days
Q. 12) IF an investor submits the application of Debt fund on 3.30 pm at which NAV investment would be taken ? [1 Marks]
A) Same day NAVB) Next day NAVC) Previous day NAVD) None of Above
Q. 13) IF an investor submits the application on 2.30 pm at which NAV investment would be taken ? [1 Marks]
A) Previous day NAVB) Same day NAVC) Next day NAVD) None of Above
Q. 14) Unit capital means market value X no of unit ? [1 Marks]

A) TRUEB) FALSE
Q. 15) 50 days asset is gives return of 2.4% what will be the absolute return. [1 Marks]
A) 17.52%B) 15.72%C) 18.00%D) 4.38%
Q. 16) To calculate the absolute return, generally duration taken is 90 days,<1yr >1vr 1nr [1 Marks]
A) 90 daysB) 1 yearC) > 1 yearD) < 1 year
Q. 17) 100 Cr asset, 136 Cr debt Asset, 2.0 cr divedend declared but yet not received and 75 lac units are out standing Calculate the NAV [1 Marks]
A) 314B) 317.33C) 181.33D) 136
Q. 18) 20 lac equity share,1.50 Cr Net profit after tax then calculate the EPS. [1 Marks]
A) 7.5B) 10.33C) 30D) None of Above
Q. 19) A Conservative investor would invests in ? [1 Marks]

A) Equity FundB) Debt FundC) High dividend bond yield fundD) Balance Fund
Q. 20) A Conservative investor would not invests in ? [1 Marks]

A) Equity FundB) Debt FundC) Money Market FundD) Balance Fund
Q. 21) What would be exposure of Equity in Senior Citizens portfolio [1 Marks]

A) 0%B) 10%C) 20%D) 30%
Q. 22) What is a feature of PPF [1 Marks]

A) Tax free InterestB) high liquidityC) Premature Withdrawal is allowed after 1 yearD) Can be opened in joint names
Q. 23) Following can invest in MF except [1 Marks]

A) NRIB) HUFC) An IndividualD) Overseas Corporate Body
Q. 24) BSE / NSE MF Transactions are guarantee settlement transactions [1 Marks]

A) TRUEB) FALSE
Q. 25) Who can't invest in MF? [1 Marks]

A) IndividualB) FIIC) DIID) NRI Corporations
Q. 26) redressal complaint can be registered by investor with ? [1 Marks]

A) AMFI B) RBIC) SEBID) Ministry of Finance
Q. 27) Beta Measures ? [1 Marks]

A) Systemic RiskB) Unsystematic riskC) Market riskD) Liquidity risk
Q. 28) IF beta is -1 than [1 Marks]

A) Scheme return will move with MarketB) Scheme is more risky than marketC) Scheme is less risky then marketD) None of Above
Q. 29) Income of Debt market interest rate refers [1 Marks]

A) YTMB) YieldC) YTCD) None of Above
Q. 30) Dividend distribution tax in Equity Fund in the hand of investor is ? [1 Marks]
A) 0%B) 13%C) 16%D) 10%
Q. 31) Dividend distribution tax in debt fund is [1 Marks]

A) 12.5%B) 13%C) 16%D) 10%
Q. 32) Mutual Funds are exempted from [1 Marks]

A) DDTB) STTC) Income TaxD) Capital Gain Tax
Q. 33) Diversified equity scheme would not invest in ? [1 Marks]

A) EquityB) Govt. SecC) DebenturesD) Gold
Q. 34) Thematic fund would have a limited exposure compare to as sector funds [1 Marks]
A) TRUEB) FALSE
Q. 35) Expense ratio would be highest in which scheme [1 Marks]

A) Actively manageB) Passively manageC) Index FundD) None of Above
Q. 36) What is MICRO SIP ? [1 Marks]

A) Annual investment Less than 50000B) Annual investment more than 50000C) Annual investment is equal to 50000D) None of Above
Q. 37) What is 5 star rating fund ? [1 Marks]

A) Best performing FundB) Fund promote by AMCC) Fund have high NAVD) Fund promote by IFA
Q. 38) Expenses of Mutual Fund will be born by ? [1 Marks]

A) TrusteesB) Unit holdersC) SponsorD) AMC
Q. 39) Purchase & sale of unit is primely done by. [1 Marks]

A) R & TB) DistributorsC) AMCD) Trustees
Q. 40) What is fundamental Analysis ? [1 Marks]

A) Analysis of company's financial statementB) Quality of managementC) Position in service marketD) All of above
Q. 41) In NPS Investor has a right to select asset class but not the fund manager [1 Marks]
A) TRUEB) FALSE
Q. 42) What is Financial Planning ? [1 Marks]

A) Assessment of financial goalB) To define the investment horizonC) Assessing the fund requirementD) All of above
Q. 43) Commission paid to keep the investment for longer time [1 Marks]
A) UpfrontB) TrailC) renewalD) Incentive
Q. 44) Return of investment in Mutual Funds should be compared with [1 Marks]

A) BenchmarkB) Other MF returnC) NoneD) risk free return
Q. 45) Prospective Investor Can take action against [1 Marks]

A) TrusteeB) AMCC) SponsorD) None
Q. 46) Code of conducts for intermediaries are prescribed in ? [1 Marks]

A) AGNIB) SEBI advertising CodeC) ACED) SEBI Regulation
Q. 47) In Debt oriented Schemes what is a short term Capital Gain Tax ? [1 Marks]
A) 10%B) 20%C) 30%D) As per the income Tax slab
Q. 48) With out indexation Long term Capital Gain Tax is ? [1 Marks]
A) 15%B) 20%C) 5%D) 10%
Q. 49) If an investor wants to transact through stock exchange then demat A/C is complusory [1 Marks]
A) TRUEB) FALSE
Q. 50) Benefits of Demat A/c [1 Marks]

A) Less paper work for TransactionsB) Direct Credit of bonus units in the AccountC) Communication of change of address only to DPD) All of above
Q. 51) As per the SEBI guidelines Exit load is equal for [1 Marks]
A) All Unit holdersB) HNI Unit holders
Q. 52) Time stamping Is compulsory at [1 Marks]

A) DistributorsB) Point of acceptance disclosed by MF`sC) MF officesD) None of Above
Q. 53) Mutual Funds has to declare their portfolio on [1 Marks]

A) Daily basisB) quarterly basisC) once in 6 monthsD) None of Above
Q. 54) Mutual Fund's has to publish Scheme NAV on AMFI website by [1 Marks]
A) Same day by 8 PMB) Same day by 9 PMC) Next day 10AMD) Next day 9 AM
Q. 55) Safe Keeping of Security purchased & sold by MF is a role of [1 Marks]

A) R & TB) BankersC) CustodianD) SEBI
Q. 56) What is measured by credit rating companies ? [1 Marks]

A) Market RiskB) Default RiskC) Business RiskD) Interest rate riks
Q. 57) Mutual Funds can take a loans for [1 Marks]

A) Repaying the redemption amountB) To invest in securitiesC) To invest in fundsD) No they are not allowed
Q. 58) Which of the following assets can be encroached [1 Marks]

A) GoldB) LandC) Fixed DepositsD) None of Above
Q. 59) What is a lock in period in ELSS scheme [1 Marks]

A) 5yrsB) 4 yrsC) 3yrsD) 1yrs
Q. 60) In event of delays in dispatching dividends warrants or redemption / repurchase cheques the AMC has to pay unit holder interest at ? [1 Marks]
A) 10%B) 15%C) 20%D) 9%
Q. 61) What is distributed widely with the Application forms ? [1 Marks]

A) KimB) SIDC) SAID) None of Above
Q. 62) Liquidity risk of investor is highest amongst ? [1 Marks]

A) Real EstateB) GoldC) Mutual FundD) Currency
Q. 63) Risk appetite of investors is assessed through ? [1 Marks]

A) Risk appetizerB) Asset AllocatorsC) Risk ProfileD) Financial Plan
Q. 64) First step of Financial Planning is ? [1 Marks]

A) Analysis & evaluate clients Financial StatusB) Establish & define Client Planner relationshipC) Gather Client data, Define Client GoalD) Develop & present
Financial Planning Recommendations
Q. 65) Investor can take benefit of compounding by investing in_______ plan. [1 Marks]
A) Dividend PayoutB) GrowthC) Dividend ReinvestD) All of above
Q. 66) NAV after a dividend payout is called ? [1 Marks]

A) Exdividend NAVB) Dividend NAVC) Both A & BD) Non of Above
Q. 67) Expense ratio is more important in case of [1 Marks]

A) Performance of the schemeB) At the timw of redemptionC) Both A & BD) No one
Q. 68) Formula for calculation absolute return is? [1 Marks]

A) (Redemption NAV Buy NAV) X Buy NAV/100B) (Redemption NAV) X 100 / Buy NAVC) (Redemption NAV Buy NAV) X 100 / Buy NAVD) Buy NAV X Buy
NAV/100
Q. 69) Simple annualized return are used to depict return of [1 Marks]

A) One year returnB) 2 Year ReturnC) Both A & BD) None of Above
Q. 70) Which of following is a short term government securities ? [1 Marks]

A) T.BillsB) PPFC) NSCD) KVP
Q. 71) Investor looking for pure exposure to gold should opt for ? [1 Marks]
A) Gold Equity FundB) Gold ETF FundC) Both A & BD) None of Above
Q. 72) Which of the following documents is not require to be submitted by charitable trust to invest in MF? [1 Marks]
A) Board ResolutionB) Trust DeedC) PAN (In Trust Name)D) Address Proof
Q. 73) under the income tax Act Arbitrage fund are taxed like debt? [1 Marks]
A) TRUEB) FALSE
Q. 74) Liquidity risk of investor is highest in [1 Marks]

A) Equity FundB) Debt FundC) Real EstateD) None of Above
Q. 75) Exchange Traded Funds are Index Funds ? [1 Marks]
A) TRUEB) FALSE
Q. 76) Appointment of AMC can be Terminated [1 Marks]

A) 75% Unit HoldersB) SponsorC) Majority of the trusteesD) Both A & C
Q. 77) Recurring Expenses of MF can be charged to [1 Marks]

A) SchemeB) AMCC) TrusteeD) Sponsor
Q. 78) One of Types of Debt Funds is [1 Marks]
A) Floating rate FundsB) Floating rate equity fundC) floating fundD) Interval funds
Q. 79) Minimum Share of sponsor in AMC is ? [1 Marks]

A) 10.00%B) 15.00%C) 20.00%D) 40.00%
Q. 80) Minimum of trustee requirement is ? [1 Marks]

A) 2B) 3C) 5D) 4
Q. 81) Advantage of Investing In G-sec [1 Marks]

A) SecurityB) LiquidityC) Wealth CreationD) None of Above
Q. 82) Asset Allocation must primarily match? [1 Marks]

A) Risk ProfileB) AgeC) Both A & BD) None of Above
Q. 83) Tactical Asset Allocation must be a risky Strategy [1 Marks]

A) TRUEB) FALSE
Q. 84) _________________Asset allocation is not a text book Asset Allocation Model. [1 Marks]
A) TacticalB) DiscretionaryC) StrategicD) All of the above
Q. 85) Arbitrage fund are not meant for equity exposure for investors [1 Marks]
A) TRUEB) FALSE
Q. 86) Model portfolio are a waste of time [1 Marks]

A) TRUEB) FALSE
Q. 87) Distribution phase of Wealth Cycle is a parellel of Retirement phase of Life Cycle [1 Marks]
A) TRUEB) FALSE
Q. 88) New Pension scheme is regulated by [1 Marks]

A) SEBIB) IRDAC) PFRDAD) AMFI
Q. 89) As regards to wealth tax ETF Gold is superior to physical gold [1 Marks]
A) TRUEB) FALSE
Q. 90) What is step two of the financial planning process? [1 Marks]

A) Identification of financial problemsB) Goal settingC) Preparation of written alternatives and recommendationsD) Data gathering
Q. 91) A client has had a long-term asset allocation of 70% growth, 30% defensive. She is looking to increase it to 80% growth, 20% defensive due to the
strength of the market. Her adviser suggests she retain her existing allocation. This is an example of: [1 Marks]
A) Risk profile allocationB) Planned allocationC) Strategic allocationD) Tactical allocation
Q. 92) The leading credit rating agency in India is the [1 Marks]

A) ICRA Ltd.B) CAREC) Fitch Ratings, IndiaD) CRISIL
Q. 93) While selecting investment products, one must [1 Marks]

A) Quantify the risk, returns and time frameB) Provide for an emergency fundC) DiversifyD) All of the above
Q. 94) The standard deviation of returns of a financial instrument denotes [1 Marks]

A) RiskB) ReturnC) PriceD) Its nature
Q. 95) A popular measure of the valuation of a company's share on the stock markets is [1 Marks]
A) Dividend yieldB) GearingC) Earnings yieldD) P/E ratio
Q. 96) The sponsor of a mutual fund is its [1 Marks]

A) ManagerB) TrusteeC) PromoterD) None of the above
Q. 97) The AMC of a mutual fund reports to [1 Marks]

A) The sponsorB) AMFIC) SEBID) The trustee company
Q. 98) The NAV of a fund is based on [1 Marks]

A) Cash basisB) Accrual basisC) Income basisD) None of the above
Q. 99) In the interest of investor protection, SEBI carries out [1 Marks]

A) Market surveillanceB) Action against intermediariesC) Action against erring companiesD) All of the above
Q. 100) Technical Analysis Stands for [1 Marks]
A) Timing the marketB) Analyzing demand and supply of stockC) Comparing book value and market valueD) A and B both
Q. 1) We have to do the registration of the mutual fund with the SEBI. Who gets registration done [1 Marks]
A) TrustB) R & TC) SponsorD) AMC
Q. 2) AMFI do the following activity [1 Marks]

A) Publish NAV, AUM of the fund house and maintain and publish industry dataB) Compute NAVC) Manages money underD) None of the above
Q. 3) In a liquid fund a application for repurchase comes at 3.30. Whats is the NAV which would be available to it [1 Marks]
A) Closing NAV of the date of applicationB) Closing NAV of the next business dayC) Closing NAV of the day preceeding the next business dayD) Closing NAV of the
day preceesing the date of application
Q. 4) In creating of model portfolio which is the first step [1 Marks]

A) Deciding the Asset AllocationB) Identify financial GoalC) Selection of SectorD) Selection of the scheme
Q. 5) Once the asset allocation is decided, sharpe ratio can help us to select the good debt and equity Schemes [1 Marks]
A) TRUEB) FALSE
Q. 6) Once the asset allocation is decide, treynor ratio can help us to select the good debt and equity schemes [1 Marks]
A) TRUEB) FALSE
Q. 7) With the increase in the regular income from the job risk taking ability of the investor _________ [1 Marks]
A) Remains the sameB) DecreasesC) IncreasesD) Insufficient data
Q. 8) A repurchase comes in a GILT fund at 2.30 pm. Whats would be the NAV available to the redemption [1 Marks]
A) Closing NAV of Next Business DayB) Closing NAV of the Application DayC) Closing NAV of the day preceeding the next business dayD) Closing NAV of the day
preceeding the Application date
Q. 9) 75% investment in debt is suggested to [1 Marks]

A) Aged couple with no immediate family supportB) 40 year old man with a family with grown up childrenC) Young call centre executiveD) Yound couple with 2
school going kinds
Q. 10) An investor with interest to earn high return and willing to take high risk are refferred to as [1 Marks]
A) Cautious InvestorB) Conservative InvestorC) Adventurous InvestorD) Aggressive Investor
Q. 11) A person requires 1,00,000 rs for the specific goal after 3 years. If we want to known what amount he needs to invest no to get the said amount at rate of
5%. which of the following formula needs to be used [1 Marks]
A) 100000*(1+0.05)^3B) 100000*(1+0.05)*3C) 100000/(1+0.05)^3D) 100000/(1+0.05)*3
Q. 12) For an Micro SIP which one of the following is not a valid photo ID proof [1 Marks]
A) PAN proofB) Debit card with photo IDC) Credit card with Photo IDD) Voter ID proof
Q. 13) The responsiblity to manage funds in the new pension scheme is with [1 Marks]
A) PFRDAB) Insurance CompaniesC) AMCsD) PFMs
Q. 14) Where you get the information in regards to the key personals involved in an AMC [1 Marks]
A) They are not published as it is not very important for the investorB) They are published on the website of the mutual FundC) Available in SAI ( Statement of
Additonal Information )
Q. 15) Which of the following is not available in SID [1 Marks]

A) Type of FundB) Risk FactorC) Due Diligence certificateD) None of the above
Q. 16) Legally SAI is the part of SID [1 Marks]

A) TRUEB) FALSE
Q. 17) The date of the applicablity of the NAV is not dependent on [1 Marks]
A) Time at which the application is submiitedB) b) Scheme in which the money is investedC) The day on which the application is submiitedD) The amount which is
getting invested
Q. 18) The AMFI allots unique the ARN no which is valid for the period of three years [1 Marks]
A) TRUEB) FALSE
Q. 19) The following would not affect the trail commission to the advisor in mutual Fund [1 Marks]
A) Portfolio value going up with the increase in the marketB) Investor making fresh purchase during the periodC) Change in the unit capital of the the schemeD)
Investor redeeming the money during the period
Q. 20) The STT paid on the equity mutual fund sold on the stock exchange is [1 Marks]
A) 0.13%B) NilC) 0.25%D) 0.02%
Q. 21) The STT paid on th equity mutual fund purchased on the stock exchange is [1 Marks]
A) 0.13%B) NilC) 0.25%D) 0.02%
Q. 22) STT paid on the re purchase of units by the AMC [1 Marks]

A) 0.13%B) NilC) 0.25%D) 0.02%
Q. 23) Which of the following when transacted on the stock exchange STT is not applicable [1 Marks]
A) ELSSB) GOLD ETFC) Index ETFD) Diversified Equity Fund
Q. 24) Its is advisable for an average investor to do Tactical Asset allocation for planning his retirement [1 Marks]
A) TRUEB) FALSE
Q. 25) In case of sudden wealth which among the following is least advisable [1 Marks]
A) Park the money in the liquid fund for a short timeB) Invest all money into equity at one goC) Start STP from liquid fund into Equity FundsD) Review the financial
plan
Q. 26) Tactical asset allocation is suitable for seasoned investor with large investible surpluses [1 Marks]
A) TRUEB) FALSE
Q. 27) An application for re purchase in equity comes at 3.30. What would be the applicable NAV [1 Marks]
A) Closing NAV of Next Business DayB) Closing NAV of the Application DayC) Closing NAV of the day preceeding the next business dayD) Closing NAV of the day
preceeding the Application date
Q. 28) In case there is a redemption from a NRI who have invested the money on a non repatriable basis. The mutual would pay in dollors as redemption [1
Marks]
A) TRUEB) FALSE
Q. 29) The investment grow faster in dividend re investment options as compared to the growth option because more units are added on dividend reinvest [1
Marks]
A) TRUEB) FALSE
Q. 30) Maximum expense that can we charged in a debt fund is [1 Marks] A) 1.75%B) b) 0.75%C) 2.50%D) 2.25%
Q. 31) In case of the growth option which of the following is not true [1 Marks]
A) The NAV capture the full value of the porfolio gainB) There is no dividend declaredC) The number of units increases over periodD) There is a Tax Deffereal
Q. 32) We require the board resolution from companies to invest is mutual fund as it may not be specified in the Memorundum and Articale of Assoiation to
invest in such schemes [1 Marks]
A) TRUEB) FALSE
Q. 33) If the company have 10 cores if Issued shares. The profit it makes is 105 coree. IT pays 5 crore as tax. Also pays 20 crore as dividend what is the EPS [1
Marks]
A) 10B) 8C) Not sufficient DataD) 5
Q. 34) An investor in the debt scheme who completely want to eliminate investment in equity should invest in MIP [1 Marks]
A) TRUEB) FALSE
Q. 35) The fund have an average asset of 300 crore. The portfolio turnover for the portfolio is Rs 1000 crore. For how many months the investment are held for
[1 Marks]
A) 0.36B) 3.6C) 3D) 0.25
Q. 36) The floating rate fund hold on to there value even if the interest rate are fluctuating [1 Marks]
A) TRUEB) FALSE
Q. 37) Performance of the fund is most sensitive to the expense ratio in which of the following Fund [1 Marks]
A) Liquid FundB) Diversified Equity FundC) ETFD) Sector Fund
Q. 38) Who among the following are not distributor for Mutual Funds [1 Marks]
A) National DistributorsB) Branches of public Sector BankC) Branches of reserve bank of IndiaD) Branches of Forein Banks
Q. 39) Importance of credit rating agency is most important in [1 Marks]

A) Equity FundsB) Secutised DebtC) ETF
Q. 40) Full form of AGNI [1 Marks]

A) AMFI gudieline and Norms for IntermidiaryB) AMFI guideline and norms for InvestmentC) AMFI guideline for Asset Management CompanyD) AMFI Guideline
for Non Indians
Q. 41) Which of the following scheme is exempted from the divident distribution Tax [1 Marks]
A) a) Debt Oriented FundsB) Balance FundsC) Liquid FundsD) Equity Funds
Q. 42) Sector selection is the key decision in the Bottom Up Apprach [1 Marks]
A) TRUEB) FALSE
Q. 43) Illiquid Shares would be valued at [1 Marks]

A) Value Decided by the brokerB) Fair market value as the the guidelines of SEBIC) Price decided by the offmarket TradeD) None of the above
Q. 44) Tax consultant should not advice financial planning to his client [1 Marks]
A) TRUEB) FALSE
Q. 45) Mother want to set apart Rs 25 lakhs in 3 years time [1 Marks] A) Financial GoalB) Asset AllocationC) Financial PlanningD) Financial Desire
Q. 46) Followinf is the Asset Allocation [1 Marks] A) Dividend payout and Growth OptionB) Art and Gold FundC) Growth and Value FundD) Active fund and Passive
Fund
Q. 47) Limit of the commission to be paid to distributor is decided by SEBI [1 Marks]

A) TRUEB) FALSE
Q. 48) Whats is an NFO Investments? [1 Marks]

A) Investment done by any investor in the new SchemeB) Additonal Purchase by the existing investorC) First time investment in any of the mutual Fund SchemeD)
Additional Purhase by the existing investot in another scheme
Q. 49) Whats is true about the FMP [1 Marks]

A) NAV dose fluctuateB) No defaul InvolveC) Returns can be reasonably predicted before the maturityD) All of the above
Q. 50) SAI needs to be updated every [1 Marks]

A) YearlyB) MonthlyC) QuarterlyD) Half Yearly
Q. 51) Who is responsible for the information available in OD [1 Marks]

A) TrusteeB) AMCC) SponsorD) Custodian
Q. 52) Which of the following government secuity have leasr maturity period [1 Marks]
A) CDB) CPC) T BillsD) Gilt Scheme
Q. 53) Which of the following credit rating is not required [1 Marks]

A) Shor term debt FundB) Liquid SchemesC) GILT SchemesD) FMPs
Q. 54) Insurance is more important in case of Physical Asset Vis a Vis financial Asset [1 Marks]
A) TRUEB) FALSE
Q. 55) Which of the asset have the higest risk to be stolen [1 Marks]
A) Real EstateB) GOLDC) Mutual FundD) Bank Balance
Q. 56) Most best way to decide the risk appetite of the person is to ask client that how mush risk you are ready to take in the market [1 Marks]
A) TRUEB) FALSE
Q. 57) Share price of the Gold Mining Company is dependent on [1 Marks]

A) Gold ReserveB) Quality of the operation of the companyC) Gold PriceD) All of the above
Q. 58) Expense ration is more important in case of [1 Marks]

A) Offshore FundB) Equity FundC) Debt FundD) Sector Fund
Q. 59) While construction of the portfolio the relative performance is done with [1 Marks]
A) Peer GroupB) Asset AlllocatonC) Model PortfolioD) Tracking error
Q. 60) The balance funds based on flexible Asset Allication is lower riskier than high yield debt fund [1 Marks]
A) FALSEB) TRUE
Q. 61) Between whom the Trustdeed is executed between [1 Marks] A) Trustee and SponsorB) Sponsor and CustodianC) Trustee and AMCD) AMC and Sponsor
Q. 62) Repurchasing the predecided no unit at the regular interval is called [1 Marks]
A) STPB) SWPC) SIPD) All of the above
Q. 63) Unclaimed investment amount and dividend can be demand by the investor [1 Marks]
A) TRUEB) FALSE
Q. 64) Applicable NAV for the different scheme is as per the following time [1 Marks]
A) Office time of AMCB) Office time of R&TC) As per the time of stock marketD) Cut-Off time decided by SEBI for various MF scheme
Q. 65) While empannel with the AMC, every distributor have to provide the following [1 Marks]
A) Correct and complete informationB) Commitment to abide by instruction given as also statutory codes and guidelineC) Provide all information and document that the
AMC may ask for from time to timeD) All of the above
Q. 66) Transaction done of MF on the NSE NEAT and BSE Start the exchange gurantee the settlement of Funds [1 Marks]
A) TRUEB) FALSE
Q. 67) Low P/E ratio indicate that it is unlikely to replicate its past performance [1 Marks]
A) TRUEB) FALSE
Q. 68) Churning of the portfolio by the Fund Manager is called [1 Marks]

A) Portfolio Turnover RatioB) Liquidity RatioC) Annual Turnover RationD) All of the above
Q. 69) Invesment in a Real Estate Mutual Fund is [1 Marks]

A) Beyond the means of the retail investorB) Extremally Liquid and cost effedctiveC) Highly illiquidD) Offer the benefit of both real estate and Mutual Fund
Q. 70) Advantage of investing in PPF is [1 Marks] A) Loan is available any timeB) Premature withdrwal is allowable after one yearC) Any amount of investment in the
schemeD) Tax free return every year
Q. 71) Self Regulatory Organisation controls [1 Marks]

A) All his member to the limited extentB) All his member completelyC) All mutual fund companyD) All share brokers
Q. 72) In case of Joint holder the pan card requriment for [1 Marks] A) 1st and 2nd HolderB) All joint holdersC) Only 1st HolderD) Any One
Q. 73) Maximum number of nominee which can be added [1 Marks]

A) 5B) 1C) 3D) 2
Q. 74) In case New Pension scheme how many PFM( Pesion Fund Managers) are managing the money [1 Marks]
A) 5B) 3C) 2D) 6
Q. 75) Which is the right Sequence [1 Marks]

A) Liquid Fund, MIP,Gilt FundB) Gilt Fund.Liquid Fund,MIPC) Diversify Debt,Gilt Fund, Liquid Fund.D) MIP ,Liquid Fund, Diversify Debt.
Q. 76) In Lower Interest Rate Senario Debt Product of MF will Generate higher return compared to Fixed Deposit. [1 Marks]
A) TRUEB) FALSE
Q. 77) An employee of the mutual Fund can be an Agent [1 Marks]
A) TRUEB) FALSE
Q. 78) Commission on Investment done by Sponsor in a Fund is [1 Marks]

A) Not PayableB) Payable to SponsorC) Payable to Distributor whose ARN is mentioned in the Application FormD) None of the above
Q. 79) Book Value of a Share is dependent on Accounting Policies of the company [1 Marks]
A) TRUEB) FALSE
Q. 80) Code of Conduct for AMC Personnel & Trustees are mentioned in [1 Marks]
A) Chapter IIB) Chapter IVC) Schedule IID) Schedule V ( 5th Schedule)
Q. 81) If complaint of an investor is not solved by AMC, investor has to complain to [1 Marks]
A) SEBIB) TrusteesC) SponsorD) R & T
Q. 82) Feeder Fund can invest in International Market as [1 Marks]

A) Anywhere as per Investment Objective of the FundB) Only International EquityC) Only International DebtD) All of the above
Q. 83) Tax Deferral is available in [1 Marks]

A) GrowthB) DividendC) Dividend Reinvest
Q. 84) Benchmark of Sectoral Fund investing in Banking Sector would be [1 Marks]

A) BSE BankexB) Nifty JuniorC) S&P NiftyD) S&P 500
Q. 85) Before going to SEBI for approval of a Fund Launch AMC needs to [1 Marks]
A) Take approval from TrusteesB) Print the application FormC) Finalise the Launch DateD) All of the above
Q. 86) Which of the Following Fund is most Sensitive to Expense Ratio [1 Marks]
A) Liquid FundB) Index FundC) Equity FundD) Off shore Fund
Q. 87) ASBA is an Excellent Facility for Additional Purchase in a Fund [1 Marks] A) TRUEB) FALSE
Q. 88) Converting Units of a Mutual Fund from Demat Form to Physical & Vice Versa is Possible [1 Marks]
A) TRUEB) FALSE
Q. 89) Indexation means [1 Marks]

A) Finalising the benchmark for the fundB) Adjusting the Purchase Price of the Fund considering the InflationC) Considering the growth of partcular asset classD) All
of the above
Q. 90) Investor in Reaping Phase would primarily invest in [1 Marks]

A) EquityB) Securities yielding Regular ReturnC) BothD) None of the above
Q. 91) Most of the AMC publish Portfolio of their scheme on their Website [1 Marks]
A) DailyB) MonthlyC) Six MonthlyD) Yearly
Q. 92) Difference between Unit Certificate & Account Statement [1 Marks]

A) Unit certificate shows only the closing balance while account statement shows opening balance, transactions and closing balanceB) There is no differenceC) Unit
certificate is issued at the time of NFO and account statement are send consecutivelyD) Account statement shows closing balance and unit certificate shows opening
balance, transactions and closing balance
Q. 93) Which of the following is not the scheme specific risk factor? [1 Marks]
A) Risk arising from the schemes objectiveB) Risk arising from the non-diversificationC) No previous experience in managing a fundD) Movement in NAV because of
the market movements.
Q. 94) Expense Ratio of an Index Fund is [1 Marks]
A) 1.00%B) 1.25%C) 2.50%D) 1.50%
Q. 95) A Financial Planner can use any of the Model Portfolio available on the Web [1 Marks]
A) TRUEB) FALSE
Q. 96) In NPS Tier I account is compulsory for opening Tier II account [1 Marks]
A) TRUEB) FALSE
Q. 97) A Retired couple with Zero income should invest all the money in Liquid Fund [1 Marks]
Q. 98) SIP can be done by [1 Marks]
A) TRUEB) FALSE
A) Standing InstructionB) ECSC) PDCsD) All of the above
Q. 99) Concentration risk is highest in [1 Marks] A) Equity ShareB) Bank depositC) Real EstateD) Commodity
Q. 100) A high amount of equity investment is suggested to the investor if he is in which stage ? [1 Marks]
A) Accumulation phaseB) Transition phaseC) Distribution phaseD) No such relation with any phase of life.
Q. 1) Which of the following entities reaches MF product beyond geographical locations [1 Marks]
A) The BrokersB) The CustodianC) The DistributerD) R & T Agents.
Q. 2) SEBI is sole regulatory authority for MF are answerable [1 Marks]

A) TRUEB) FALSE
Q. 3) Where the investor desires to hold MF unit in DMAT form the AMC will still be required to Perform KYC to such investors [1 Marks]
A) TRUEB) FALSE
Q. 4) Offer document enable investor to compare the of MF scheme with another MF scheme [1 Marks]
A) TRUEB) FALSE
Q. 5) which of the following investors belong to institutional group? [1 Marks]

A) HUFB) NRIC) Proprietary firmD) FII
Q. 6) Performance advertisement [1 Marks]

A) Shall identify Nature of schemeB) shall only advertise compounded annualise yield Calculated using the prescribe procedureC) shall mention the dividend
declared or paid in Rs per unit along with face value of each unit of that scheme and the prevailing NAV at the time of Declaration of DividendD) All of the above
Q. 7) Benefits of STP is [1 Marks]

A) Paper work is minimizedB) Idle funds situation reducedC) BothD) None
Q. 8) Company has issued 10 core equity shares. It earns profit of Rs. 105 core on which it has Paid tax of Rs. 5 core and distributed dividend of Rs 20 core.
What is EPS ? [1 Marks]
A) 10B) 10.5C) 12D) 11.5
Q. 9) Floating Rate Interest is ? [1 Marks]

A) government yield+ spreadB) yield spreadC) base + spreadD) payable only on maturity
Q. 10) Market price of which of the following investment instruments will fluctuates more ? [1 Marks]
A) Long Tenor debtB) Short tenor DebtC) Floating Rate SecuritiesD) Debentures
Q. 11) Asset considered for Asset Allocation ideally be [1 Marks]

A) SimilarB) only PhysicalC) Only Financial AssetD) Mix of different kind of Asset
Q. 12) Which of the following is most unlikely to have a model portfolio with 20% alloacation to sector fund? [1 Marks]
A) Young Executive early in his career.B) Well Placed Mid Level ExecutiveC) Investor in Distribution PhaseD) Senior Executive with Well Settled Children
Q. 13) A distributor can be empaneled by AMC only if [1 Marks]

A) Such distributor and its representative has/have cleared certifying ExamB) Such distributor is approved by AMFIC) Such Distributor is registered with Stock
ExchangeD) Approved by SEBI
Q. 14) AGNI is mandated by ? [1 Marks]

A) AMFIB) AMFI and SEBIC) RBID) SEBI
Q. 15) Junk Bond Scheme is also be known as High Yeild Scheme ? [1 Marks]
A) TRUEB) FALSE
Q. 16) According to Some studies Asset Allocations and Investment Policy can better explain the portfolio performance as compared to Stock selection and
Investment Timimg? [1 Marks]
A) TRUEB) FALSE
Q. 17) Which Of the following benefits of starting Health Inurance Policy early? [1 Marks]
A) Higher Money Back after 5 yearsB) Protection against Insurance Company rejecting claim on the ground of pre-existing illnessC) Both of the aboveD) None Of
the above
Q. 18) Which of the gollowing is Government Savings Scheme? [1 Marks]

A) Infrastrucure BondB) RBI releif BondC) Post Office recurring DepositD) All of the above
Q. 19) Duration of PPF deposit is [1 Marks]

A) 15 yearsB) 6 yearsC) 7 yearsD) 3 years
Q. 20) Relaxation from Documetation required for MICRO SIP is available for [1 Marks]
A) Only Individuals other than NRIs and PIOsB) Individual Including NRI and PIOsC) Individuals Including NRI but not PIOsD) Individuals including PIOs but not
NRIs
Q. 21) Intial Phase of Life Cycle is Accumulation? [1 Marks]

A) TRUEB) FALSE
Q. 22) Life insurance is meant for [1 Marks]

A) Tax planingB) Risk protectionC) InvestmentD) Savings
Q. 23) Real Estate mutual fund is [1 Marks]

A) Beyond means of retail investor'sB) Provided benefits of real estate & MF investingC) Are popular investment optionsD) Are not easy to liquidate
Q. 24) Black swan refer to [1 Marks]

A) Probabilities of large lossesB) MF ratingsC) Kind of offer documentsD) Incentive to distributer
Q. 25) A five star rating in MF schemes indicates that [1 Marks]

A) Lowest expense rationB) Lowest loadC) Demonstrate superior performanceD) Best portfolio
Q. 26) Which of the bond fund carries least amount of interest risk [1 Marks]
A) Dynamic bondB) G-sec fundC) Income fundD) Money market fund
Q. 27) Asset allocation must primarily based on [1 Marks]

A) Investment needsB) Insurance needsC) Taxation needsD) Financial goals
Q. 28) Faced with the financial difficulties a family is likely to do all this except following [1 Marks]
A) Move to a larger house in a better localityB) Economize ExpensesC) Wife starts workingD) Husband takes additional part time job
Q. 29) Pre-retirement stage [1 Marks]

A) Annual investment amount gets reducedB) Parents reach towards peak of their earning capacityC) Saving for retirement gets minimizedD) Saving for investment is
not required
Q. 30) Teir I account of new pension scheme is called pension account ? [1 Marks]
A) TRUEB) FALSE
Q. 31) Which is false ? [1 Marks]

A) Government is trying to convert financial Asset to physical assetB) Investment in bank FD can be transfered to loanC) Investment share can be translated into
projectsD) Investment in MF helps the real economic
Q. 32) Minimum Networth requirement of the AMC is [1 Marks]

A) Rs 10 croreB) Rs 5 croreC) Rs 4 coreD) Rs 2 crore
Q. 33) If a scheme is launched in the second SIX months of financial year the the 1st update of the SID is due within [1 Marks]
A) Within 3 months of the end of the financial YearB) With 3 months from the begining of Next financial yearC) Within 3 months from the end of the next financial
yearD) Within 6 months of the end of the financial Year
Q. 34) Legally SAI is the part of SID [1 Marks]

A) TRUEB) FALSE
Q. 35) Income tax allows setting of certain types of capital gain losses against certain type of Income which of the following is true in case of such provision. [1
Marks]
A) Capital losses can be offset again salaryB) Long term capital losses from equity MF can Be offset against long term gain from propertyC) Short term capital losses can
be offset against dividend income for the year In which the loss has occurredD) Long term capital losses in equity MF is not available for setting of against business or
Salary income
Q. 36) The __________ is the main driver of returns in a mutual fund scheme . [1 Marks]
A) ReturnB) Profit of invested companyC) PortfolioD) None of the above
Q. 37) Fundamental Analysis entails review of the company's [1 Marks]

A) Financial StatementsB) Quality of ManagementC) Competitive PositionD) All of The above
Q. 38) ___________________ ratio indicates how much investors in the share market are prepared to pay (to become owners of the company ) , in relation to the
company's earnings . [1 Marks]
A) Earnings per ShareB) Price to Earnings ratioC) Book Value Per ShareD) Price to Book Value
Q. 39) A ____________ fund maintains a portfolio that is in line with the passive fund . [1 Marks]
A) Active fundB) Index FundC) Equity fundD) Debt fund
Q. 40) Value investment style is an approach of picking up stocks which are valued __________ , based on fundamental analysis . [1 Marks]
A) LowerB) HighC) MediumD) A & B
Q. 41) Which is approcach is also called stock picking . [1 Marks]

A) Top down ApproachB) Bottom up ApproachC) Either A & BD) None of The above
Q. 42) If the proceeds on redemption are higher than the amount invested then it is called __________ . [1 Marks]
A) Capital GainB) Capital LossC) No Profit No LossD) None of The above
Q. 43) Treasury Bills are short term debt instruments issued by the ____________ on behalf of the Goverment of India . [1 Marks]
A) SEBIB) Reserve Bank of IndiaC) Central GovernmentD) State Government
Q. 44) Commercial papers are short term Debt Securities issued by corporates. [1 Marks]
A) TRUEB) FALSE
Q. 45) Credit rating companies are like _______________ . [1 Marks]

A) CRISILB) ICRAC) CARE & FITCHD) All of the Above
Q. 46) Higher the credit risk , lower is likely to be the yield on the debt security . [1 Marks]
A) TRUEB) FALSE
Q. 47) Which of the following are derivative _______________ . [1 Marks]

A) ForwardsB) FuturesC) Options and swapsD) All of The above
Q. 48) Every scheme should have at least __________ investors . [1 Marks]

A) 15B) 20C) 25D) 30
Q. 49) __________ funds take Positions that are countrary to the market . [1 Marks]
A) Thematic FundsB) Mid cap fundsC) Contra fundsD) Dividend yield funds
Q. 50) Liquid schemes, which invest in securities of up 91 days maturity , have the _________ risk amongest all kinds of schemes . [1 Marks]
A) HigherB) LowestC) ZeroD) None of the above
Q. 51) What is MIBOR ? [1 Marks]

A) Mumbai Inter Bank Offered RateB) Money Inter Bank offered Offered RateC) Mutual Inter Bank offered rateD) Multiple Inter bank Offred rate
Q. 52) To convert the demat units into physical from . This process is called re-materialisation . [1 Marks]
A) TRUEB) FALSE
Q. 53) RTGS refers to _______________ . [1 Marks]

A) Real time Growth SettlementB) Real Time Gross SettlementC) Real Technique Gross SettlementD) Real Technique Growth Settlement
Q. 54) What is ASBA _____________ . [1 Marks]

A) Application Supported by Blocked AccountB) Application Supported by Blocked AcknowledgementC) Application Supported by Blocked AmountD) None of the
Above
Q. 55) NSE's Mutua; Fund platform is called NEAT MFSS . [1 Marks]

A) TRUEB) FALSE
Q. 56) When a dividend is paid , the NAV of the units falls to that extent . [1 Marks]
A) TRUEB) FALSE
Q. 57) Risk can be measured by [1 Marks]

A) varianceB) Standard DeviationC) BetaD) Any of the above
Q. 58) SEBI has Facilitated buying and selling of mutual fund units through the stock exchanges. [1 Marks]
A) TRUEB) FALSE
Q. 59) ARN REFERS TO _____________ . [1 Marks]

A) Agent registration NumberB) AMFI Registration NumberC) Application Registration NumberD) Account Registration Number
Q. 60) In hoardings / posters, the statement , Mutual fund investments are subject to market risks, read the offer document carefully before investing is to be
displayed at least _________ inches height . [1 Marks]
A) 6B) 9C) 5D) 8
Q. 61) If a scheme is launched in the first 6 months of the financial year then the first update of the SID is due with in ________ months of the end of the
financial year . [1 Marks]
A) 2B) 6C) 5D) 3
Q. 62) No single investor shall account for more than 20% of the corpus of the scheme/plans. [1 Marks]
A) TRUEB) FALSE
Q. 63) The asset management company shall confirm that a due diligence certificate is signed by the ____________ . [1 Marks]
A) Compliance officerB) Chif executive officerC) Managing DirectorD) Any of the above
Q. 64) In case of specifice request recived from investors, mutual funds shall provide the account statement (SIP/STP) to the investor's within __________
working days from the receipt of such request without any charges . [1 Marks]
A) 5B) 10C) 7D) 15
Q. 65) The mutual fund would update the current expense ratios on the website within _________ working days mentioning the effective date of the change . [1
Marks]
A) 5B) 7C) 2D) 10
Q. 66) Offer documents of mutual fund schemes are approved by SEBI . [1 Marks]
A) TRUEB) FALSE
Q. 67) _______________ regulates mutual funds, depositories, custodians and registrars & transfer agents in the country . [1 Marks]
A) RBIB) SEBIC) AMFID) All of the above
Q. 68) The objectives of AMFI is/are ____________ . [1 Marks]

A) To recommend and Promote best business practicesB) To interact with the securities and Exchange Board of India (SEBI)C) To represent to the Government , Reserve
bank of indiaD) All of the above
Q. 69) To generate income by investing predominantly in wide range of debt and money market securities is an objective of _________ . [1 Marks]
A) Diversify equity SchemeB) Diversify Debt SchemeC) balanced schemeD) None
Q. 70) Institutional Distributors Build Reach through [1 Marks]

A) EmployeesB) AgentsC) Sub BrokersD) Any of the Above
Q. 71) The distributor can charge fees from the Investor [1 Marks]
A) TRUEB) FALSE
Q. 72) The difference between NAV and repurchase price is [1 Marks]

A) Entry LoadB) Exit LoadC) ExpenseD) Dividend Stripping
Q. 73) NAV of Income Funds is to be calculated upto _______ decimals [1 Marks]

A) 4B) 3C) 2D) 1
Q. 74) Investments in Mutual Fund can be made using [1 Marks]

A) Cheque/DDB) RemittanceC) ASBAD) Any of the Above
Q. 75) STP is the combination of SIP and SWP [1 Marks]

A) TRUEB) FALSE
Q. 76) In a Top Down approach, sector allocation precedes stock selection [1 Marks]
A) TRUEB) FALSE
Q. 77) Loads and taxes may account for the difference between scheme return and investor return [1 Marks]
A) TRUEB) FALSE
Q. 78) Mutual Fund Ranking and rating amount to same [1 Marks]

A) TRUEB) FALSE
Q. 79) Which of the following aspects of portfolio would an investor in a debt scheme give more importance [1 Marks]
A) Sector SelectionB) Stock SelectionC) Weighted Average MaturityD) No of Securities in portfolio
Q. 80) The comparable for a Liquid Scheme is [1 Marks]

A) Equity SchemeB) Balanced SchemeC) Gilt FundD) Savings Bank Account
Q. 81) Providing Funds for daughter's Marraige is an example of [1 Marks]

A) Goal Oriented Financial PlanB) Comprehensive Financial PlanC) Financial GoalD) None of the above
Q. 82) Distribution phase of Wealth Cycle is a parallel of retirement phase of life cycle [1 Marks]
A) TRUEB) FALSE
Q. 83) Incase of NPS investor can choose which of the asset class of the following [1 Marks]
A) EquityB) Corporate DebtC) government SecuritiesD) All of the above
Q. 84) New Pension Scheme is regulated by [1 Marks]

A) PFRDAB) IRDAC) PFRDA+IRDAD) None of this
Q. 85) What % of the total wealth of Indian People is in physical asset [1 Marks] A)
More than 10%B) More than 25%C) More than 50%D) All of the above
Q. 86) PFRDA refers to [1 Marks]

A) Private Fund Regulatory and Development AuthorityB) Provident Fund Regulatory and Development AuthorityC) Pension Fund Regulatory and Development
AuthorityD) All of the above
Q. 87) Investment in a Financial Assets can be productive for the economy [1 Marks]
A) TRUEB) FALSE
Q. 88) NCDEX refers to [1 Marks]

A) National Contract ExchangeB) National Currency ExchangeC) National Commodity ExchangeD) National Conversion Exchange
Q. 89) In case of the buying of the Gold Future Contract, entire value of the Gold has to be paid [1 Marks]
A) TRUEB) FALSE
Q. 90) ------exempted from the Wealth Tax [1 Marks]

A) Gold Deposit SchemeB) MFC) Both A and BD) None of this
Q. 91) Many investors invest money in Bank FD and not in Debt market because [1 Marks]
A) Lack of InterestB) Lack of awarenessC) Lack of MoneyD) Lack of confidence
Q. 92) Interest earned in Bank FD is Taxable each year [1 Marks]
A) TRUEB) FALSE
Q. 93) The primary objective of the Financial Planner is to make available the right amount of money at the right time. [1 Marks]
A) TRUEB) FALSE
Q. 94) The third stage of the wealth cycle is [1 Marks]

A) AccumulationB) TransitionC) ReapingD) Intergenerational Transfer
Q. 95) In many health insurance policies, the customer has to bear the expenses and that can get reimbursed from the Insurance company [1 Marks] \\
A) TRUEB) FALSE
Q. 96) Risk appetitte ---------- as no of dependant menber increases [1 Marks]

A) DecreasesB) IncreasesC) No changeD) Any of the above
Q. 97) Many-------have made available the risk profiling tool on their web sites [1 Marks]
A) AMCsB) Research HousesC) BothD) None of this
Q. 98) ------is the decision outcome based on the market behaviour [1 Marks]
A) Tactical Asset AllocationB) Strategic Asset AllocationC) Flexible Asset AllocationD) Fixed Asset Allocation
Q. 99) Many Financial advisor work on the Model Portfolio [1 Marks] A) TRUEB) FALSE
Q. 100) Which are the aspects that affect the Risk profiling of the investors? [1 Marks]
A) Family InformationB) Financial InformationC) Personal InformationD) All of the above
Q. 1) Bank lends against [1 Marks]
A) pledged unitsB) DividendC) NominationD) Redemption
Q. 2) SID is approved by [1 Marks]
A) InvestorB) SponsorC) AMC and TrusteeD) Custodian
Q. 3) Cut-off time for NAV [1 Marks]
A) decided by AMCB) same for all schemeC) by trusteeD) Prescribed by SEBI
Q. 4) preparation of WILL is pessimistic exercise, so it is better to avoid [1 Marks]
A) TRUEB) FALSE
Q. 5) Which document is not required for institutional investor [1 Marks]

A) P & L accountB) Memorandum of the articles of associationC) PAN cardD) Authorized signatory list
Q. 6) Distributors are provided commission for up to [1 Marks]

A) 3 yrsB) 5 yrsC) 10 yrsD) investors stay invested
Q. 7) SEBI is responsible to develop a cadre of well trained agents and distributors [1 Marks]
A) TRUEB) FALSE
Q. 8) High regular income yield is indicator of scheme weakness [1 Marks]
A) TRUEB) FALSE
Q. 9) need for life insurance is must for [1 Marks]

A) married with double incomeB) married with single incomeC) pre-retirementD) young married
Q. 10) Who promotes MF [1 Marks]
A) SponsorB) custodianC) AMCD) trustee
Q. 11) Liquidity risk is highest in [1 Marks]
A) Mid cap stocksB) Front line stocksC) Index stockD) Gilt security
Q. 12) A unit holder is not responsible for [1 Marks]

A) reading ODB) selecting stocks in a portfolio of the mutual fund schemeC) regular monitoring investmentD) awareness of risk factors
Q. 13) Accepted standard for return calculation in financial market is [1 Marks]

A) abs returnB) CAGRC) total returnD) simple annualized return
Q. 14) STT is applicable on [1 Marks]

A) Purchase of debt fundB) Redemption of debt fundC) Redemption of equity fundD) All of above
Q. 15) Mr A holds 1200 units , scheme declares 1:3 bonus. How many units will Mr A gets [1 Marks]
A) 300B) 400C) 3600D) depends on NAV
Q. 16) Corporate deposit interest rate depends on [1 Marks]

A) liability of borrowerB) asset of borrowerC) credit ratingD) profit of borrower
Q. 17) Commodity does not include [1 Marks]
A) ArtB) Energy productC) spicesD) Fibres
Q. 18) The value of investment in mutual funds.. [1 Marks]

A) Increase gradually every day.B) Change with the value of the investment portfolioC) Decrease gradually every dayD) Be volatile in long-term
Q. 19) The first ever mutual fund scheme in India was launched in [1 Marks]
A) 1964B) 1951C) 1970D) 1994
Q. 20) Investors buy units of open-ended funds during the continuous offer at the [1 Marks]
A) NFO priceB) Market PriceC) BothD) none of the above
Q. 21) The investment objective of which of these funds would be to seek capital appreciation? [1 Marks]
A) Dividend yield fundB) Growth FundC) Liquid FundD) Income Fund
Q. 22) If we have a view that gold price will appreciate, which mutual fund scheme should we invest in? [1 Marks]
A) Gold sectorB) Gilt edged securitiesC) Index fundD) Gold ETF
Q. 23) One of the advantage if ETF is.. [1 Marks]

A) Investor can see where his money is investedB) These schemes can generate higher returns than mutual fund.C) Investors can buy of sell units on stock exchanges at
price that closely track valuation at that time.D) ETF offer tax benefits.
Q. 24) Mutual funds are constituted in India as a.. [1 Marks]

A) CompaniesB) TrustC) Partnership firms.D) NGO
Q. 25) Mutual fund sponsor can be compared to .. [1 Marks]

A) A depositor in companyB) A company directorC) Promoter of a companyD) CEO
Q. 26) Which of these entities enables collection and payment of fund. [1 Marks]
A) BrokerB) BankerC) R&T Agents,D) Custodian
Q. 27) The constituents of mutual fund are appointed with the approval of .. [1 Marks]
A) SponsorB) TrusteesC) SEBID) AMC
Q. 28) The applicable guidelines for mutual funds are set out in SEBI (Mutual Fund) regulation, 1996.. [1 Marks]
A) TRUEB) FALSE
Q. 29) Bank sponsored mutual funds are also regulated by [1 Marks]
A) AMFIB) Stock Exchanges,C) RBID) SEBI
Q. 30) AMFI code of ethics prescribes that mutual fund scheme portfolios should be managed in interest of [1 Marks]
A) Identified class of unit holderB) All classes of unit holdersC) Retail individualD) Institutional unit holders
Q. 31) Although AGNI is mandated. there are no penalties for breach of code of conduct. [1 Marks]
A) TRUEB) FALSE
Q. 32) "To achieve growth by investing in equity and equity related investments, balanced with income generation by investing in debt and money market
instruments" is likely to be the investment objective of ___________ . [1 Marks]
A) Equity fundB) Money market fundC) Balance fundD) Debt Fund
Q. 33) Annual report of AMC should necessarily mention the unclaimed amount and the number of such investors for each scheme. [1 Marks]
A) TRUEB) FALSE
Q. 34) Unit holders enjoy rights to the asset of the funds... [1 Marks]
A) According to the plan chooses by them.B) As per decided by trusteesC) equally for all holdersD) In proportion of holding
Q. 35) For fund of fund NAV is to be updated on-line in the website of AMFI and the mutual fund website.. [1 Marks]
A) Before 9 pm same dayB) Before 10 am following dayC) after 10 pm same dayD) Before 9 pm following day
Q. 36) Which of the following is not a mandatory services standard as per SEBI. [1 Marks]
A) Periodic disclosure of the fund's holdingB) Periodic disclosure of AMC'c accountsC) On-line purchase and sells of unitsD) Dispatch of dividend within 30 days
Q. 37) Investors can sue trustees for breach of trust. [1 Marks]
A) TRUEB) FALSE
Q. 38) Which of the following is the function of an offer document [1 Marks]

A) To enable comparison of MFsB) To give the FM's commentary on marketC) To report the performance of schemeD) To give investors information about scheme
Q. 39) NFO other than ELSS can remain open for _________ [1 Marks]
A) 15 daysB) 30 daysC) 45 daysD) Forever
Q. 40) Which of the following contain detail information on the portfolio characteristics and operational features of a scheme? [1 Marks]
A) Key Information of MemorandumB) Statement of additional information.C) Scheme information documentD) Addendum
Q. 41) Which of the following is not fundamental attribute of scheme? [1 Marks]

A) Investment objectiveB) Name ff Fund ManagerC) Investment PatternD) Type of risk profile
Q. 42) Which of the following is a synopsis of the offer document? [1 Marks]

A) Trust deedB) Memorandum of AssociationC) Statement of additional informationD) Key information of memorandum
Q. 43) The format of KIM [1 Marks]

A) Given by SEBIB) Given by AMFIC) Varies to fund to fundD) By Stock Exchange
Q. 44) Identify which of these groups of investors is eligible to invest in mutual fund. [1 Marks]
A) Foreign companiesB) PIOsC) OCBD) Foreign Nationals
Q. 45) Which of the following groups of investors require investment to be permitted through their constituents? [1 Marks]
A) Institutional investorsB) Retail individualC) NRID) HNI
Q. 46) Some MF companies allow investors to transact through their website. [1 Marks]
A) TRUEB) FALSE
Q. 47) There is no need for educational qualification to be MF advisor. [1 Marks]
A) TRUEB) FALSE
Q. 48) Distributors are compensated by mutual fund companies primarily through.. [1 Marks]
A) SalariesB) Annual feesC) Share in AMC's profitD) Commission
Q. 49) Which of the following statement is true? [1 Marks]

A) Distributors do not get upfront commission on self business but they get trail commissionB) Distributors do not get trail commission on self business but get upfront
commission.C) Distributors get upfront and trail on self businessD) Distributors do not get upfront and trail on self business.
Q. 50) AMFI is SRO for mutual fund and regulates all mutual Fund [1 Marks]
A) TRUEB) FALSE
Q. 51) AMFI code of ethics prescribes that mutual fund schemes portfolios should be managed in the interest of [1 Marks]
A) identified special classes of unit holdersB) all classes of unit holdersC) retail individual classD) None of above
Q. 52) Transfer of investment from one scheme to another is allowed [1 Marks]
A) TRUEB) FALSE
Q. 53) If the investor wishes to change the distributor [1 Marks]

A) He will need to give written request to the fund houseB) he needs to give the NOC from previous distributorC) AMC may allow or disallowD) All of above
Q. 54) Investor can sue the trust for breach of trust [1 Marks]
A) TRUEB) FALSE
Q. 55) Since NFO is a marketing decision ,CIO has limited role in deciding it's structure [1 Marks]
A) TRUEB) FALSE
Q. 56) ________is the legal document that protects & govern the right of investor to information. [1 Marks]
A) ODB) KIMC) SIDD) All of above
Q. 57) Info provided in the SAI [1 Marks]

A) addendum made in the schemeB) Updation in ODC) Updation in KIMD) None of above
Q. 58) Which of the following form a part of fundamental attributes of a fund [1 Marks]
A) Fund managerB) Investment objective of fundC) LoadD) None of above
Q. 59) What remains constant in closed ended fund? [1 Marks]

A) Unit capitalB) NAVC) bothD) None of the above
Q. 60) Where do high-yield funds invest? [1 Marks]

A) Junk BondsB) Gilt fundC) Equity growth FundD) Treasury bills
Q. 61) High yield bond schemes invest in junk bonds? [1 Marks]

A) TRUEB) FALSE
Q. 62) Which ratio measures risk-adjusted return? [1 Marks]

A) Sharp RatioB) Treynor ratioC) BothD) None of the above
Q. 63) Which funds have features of both open ended & close ended? [1 Marks]
A) Interval FundB) Balance FundC) Sector FundD) Thematic Fund
Q. 64) Which approach is used by Fund managers for picking up the Value stocks. [1 Marks]
A) Bottom up approachB) Top downC) BothD) None of the above
Q. 65) For which investment pan card is mandatory? [1 Marks]

A) First invest in specific schemeB) First invest in mutual fundC) Additional purchaseD) All of above
Q. 66) Can liquid funds invest in short term bank fixed deposit? [1 Marks]
A) YesB) No
Q. 67) Expenses in fund of funds? [1 Marks]

A) Less then direct Investment in schemeB) More than direct investment in schemeC) Equal to direct investment in schemeD) None
Q. 68) Which fund has highest risk? [1 Marks]
A) LiquidB) IncomeC) G-securitiesD) Liquid Plus
Q. 69) Childhood & transition phase is common in life cycle & wealth cycle? [1 Marks]
Q. 70) Upfront commission is paid from entry load ? [1 Marks]
A) TRUEB) FALSE
A) TRUEB) FALSE
Q. 71) What is not mandatory in application form? [1 Marks]

A) OccupationB) Status of IndividualC) Mode of holdingD) PAN
Q. 72) Is KIM a synopsis of offer document? [1 Marks]
A) TRUEB) FALSE
Q. 73) Absolute return is best judged if the investment horizon is [1 Marks]

A) <1yrsB) >1 yrC) AnytimeD) <2Yrs
Q. 74) Dividend distribution tax in liquid fund payable by investor? [1 Marks]

A) NilB) 12.50%C) 10.38%D) 30.00%
Q. 75) What is the rate of TDS in liquid mutual Fund? [1 Marks]

A) NilB) 12.50%C) 10.38%D) 30.00%
Q. 76) Who can distribute mutual fund through stock exchange? [1 Marks]
A) Equity Broker with out certificationB) NISM certified & AMFI registered memberC) BothD) None of the above
Q. 77) What is the beta of index fund? [1 Marks]

A) 1B) More than 1C) Less than 1D) None of the above
Q. 78) When a time stamping machine is installed should it be informed to trustees [1 Marks]
A) TRUEB) FALSE
Q. 79) KYC service provider is known as? [1 Marks]

A) Point Of ServiceB) Point Of AcceptanceC) BothD) None of the above
Q. 80) Who can issue the bond and debenture ? [1 Marks]

A) CorporatesB) BanksC) NBFCD) All of above
Q. 81) The difference between the yield on gilt and the yield on a non government debt security is called its yield spread. [1 Marks]
A) TRUEB) FALSE
Q. 82) Liquid schemes invest in securities [1 Marks]

A) Less then 91 days maturityB) More then 91 days maturityC) Less then 1 year maturityD) More then 1 year maturity
Q. 83) Mutual fund is [1 Marks]

A) TrustB) CompanyC) SocietyD) None of the above
Q. 84) Who is keeps the custody of security of Mutual Fund ? [1 Marks]

A) AMCB) R&TC) CustodianD) Sponsor
Q. 85) AMFI is a SRO ? [1 Marks]
A) TRUEB) FALSE
Q. 86) AGNI is [1 Marks]

A) Code of Conduct For IntermediariesB) Rules & RegulationsC) Terms & ConditionsD) Non of the above
Q. 87) NFO opening and closing detail mention in [1 Marks]
A) KIMB) SIDC) ODD) All of above
Q. 88) Statutory information about fund is same for all scheme offered by Mutual Fund [1 Marks]
Q. 89) KIM is to updated [1 Marks]
A) TRUEB) FALSE
A) Once in quarterB) Once in monthC) Once in yearD) weekly
Q. 90) Recurring expenses includes [1 Marks]

A) Investment advisory feeB) Charged by the AMC, R&T feeC) Marketing and selling feeD) All of above
Q. 91) Mutual fund can utilize CDSC (contingent differed sales charge) as [1 Marks]
A) Meeting sale expensesB) Meeting distribution expensesC) Meeting sales and distribution expensesD) Can not utilize the Fund
Q. 92) Offer Document of Mutual Fund is approved by SEBI [1 Marks]
A) TRUEB) FALSE
Q. 93) Stock exchange brokers are permitted to distribute MF after passing the certifying exam [1 Marks]
A) TRUEB) FALSE
Q. 94) If the post tax rate of return on an investment is 8% and the inflation rate is 6% the real rate of return is [1 Marks]
A) 2.00 PercentageB) 1.89 PercentageC) 8.00 PercentageD) Non of the above
Q. 95) A client is investing Rs. 1 Cr. in gilt fund which day NAV he will get? [1 Marks]
A) Same day closing NAVB) Next Day NAVC) Previous day NAVD) NAV of the day when funds are realized.
Q. 96) How many minimum client is required for a scheme to run [1 Marks]
Q. 97) There is no TDS on dividend distribution and redemption [1 Marks]
A) 20B) 10C) 30D) 50
A) TRUEB) FALSE
Q. 98) Which documents are needed for KYC? [1 Marks]

A) PAN cardB) Address proofC) Photo id proofD) All of above
Q. 99) Which id proof is not valid identity proof for KYC (individual) [1 Marks]
A) Credit cardB) Address proofC) Driving licenseD) All of the above
Q. 100) For additional purchase [1 Marks]
A) Only transaction slip to be filledB) Transaction slip with purchase chequeC) Only chequeD) None of the above
Q. 1) Commodity as an asset class does not include [1 Marks] A) FiberB) SpicesC) EnergyD) Art
Q. 2) Financial Planning is just a process and so Financial Planner can use any profile found in the web [1 Marks]
A) TRUEB) FALSE
Q. 3) 5 star fund indicates [1 Marks]

A) Lowest Expense ratioB) Lowest LoadC) Highest PerformanceD) Best Portfolio
Q. 4) Investor should invest in MF with few offices as office expense is charged to the fund [1 Marks]
A) TRUEB) FALSE
Q. 5) Which of the investor group can invest in Indian Mutual Fund? [1 Marks]
A) FIIB) OCBC) Foreign CitizensD) Provident Fund
Q. 6) NAV changes with [1 Marks]

A) Number of investorB) Number of Units remaining investedC) Size of PortfolioD) Market value of the portfolio
Q. 7) Investor select an MF based on matching [1 Marks]

A) Investment PhilosophyB) Investment PolicyC) Investment ObjectiveD) Investment Strategy
Q. 8) Indian investor in a US $ based fund benefit when $ becomes [1 Marks]

A) WeakB) StrongC) Euro Becomes WeakD) Steady
Q. 9) Understanding the psychology helps in risk profiling [1 Marks]

A) TRUEB) FALSE
Q. 10) Securities of a fund are held by [1 Marks]

A) CustodianB) AMCC) R&TD) Broker
Q. 11) Risk may be defined as [1 Marks]

A) Asset AllocationB) High Transaction CostC) Portfolio re balancingD) Probability financial Loss
Q. 12) Financial Planner finds that client does not have resources to meet goals. He Should [1 Marks]
A) Inform the ClientB) Avoid telling as client will be disheartenedC) Avoid telling as he may lose the clientD) Increase risk to generate higher return and meet the goal
Q. 13) Which of the following is with drawable in NPS [1 Marks]
A) Tier IB) Tier IIC) Tier IIID) Tier IV
Q. 14) Mutual fund is exempted from Wealth Tax [1 Marks]
A) TRUEB) FALSE
Q. 15) KYC is required for investment more than [1 Marks]
A) 50 KB) 5 KC) Any AmountD) 100K
Q. 16) Which of the distribution channel does not have wide branch network [1 Marks]
A) BankB) Distribution HouseC) Broking companyD) IFA
Q. 17) Which of the following is not a function of R&T [1 Marks]

A) Process Dividend and redemptionB) Maintain the recordsC) Settling investors transaction of fundD) Calculation of NAV
Q. 18) AMFI interacts with _______ on all issues related to MF industry [1 Marks]
A) RBIB) SEBIC) GovtD) All of the above
Q. 19) CVL system generates Acknowledge along with [1 Marks]

A) PANB) MINC) KYCD) Folio
Q. 20) High portfolio turnover ratio implies [1 Marks]

A) High CostB) Low ExpenseC) High returnD) Non Performance
Q. 21) Since preparation of WILL is a long process, it has to be avoided [1 Marks]

A) TRUEB) FALSE
Q. 22) Benefit of Demat a/c is that [1 Marks]

A) Direct credit of bonus unitsB) Single contact point for change of addressC) Single point for portfolio valuationD) All of the above
Q. 23) Among equity fund , growth fund has highest risk [1 Marks]
Q. 24) What determines the interest rate sensitivity [1 Marks]
A) TRUEB) FALSE
A) CredibilityB) QualityC) YTMD) Avg Maturity
Q. 25) Fundamental Analyst are also called " Chartist" [1 Marks]
A) TRUEB) FALSE
Q. 26) Fundamental Analyst's decision are base on [1 Marks]

A) EPS in dollarB) Trialling EPSC) Historic EPSD) Projected EPS
Q. 27) Debenture is physical asset because the paper has some value [1 Marks]
A) TRUEB) FALSE
Q. 28) Investing in Gold ETF helps [1 Marks]

A) Guarantees high returnB) Not permitted in IndiaC) Provide risk coverD) Reduce storage cost and risk
Q. 29) Which of these activity are carried out before getting SEBI approval [1 Marks]
A) Updating the SID with NFO datesB) Approval of the features by trustee and AMC boardC) Dispatch product literatureD) Printing KIM and application form
Q. 30) Childhood and transition are similar stage of LIFE cycle and WEALTH cycle stage [1 Marks]
A) TRUEB) FALSE
Q. 31) Investor with a long term investment horizon for growth are likely to invest in [1 Marks]
A) Equity FundB) ST Debt FundC) Income fundD) liquid Fund
Q. 32) Some allocation to GOLD is likely in most model portfolio [1 Marks]
Q. 33) Approval of SEBI is needed to appoint a person as Trustee [1 Marks]
A) TRUEB) FALSE
A) TRUEB) FALSE
Q. 34) What is the drawback of PPF [1 Marks]

A) One withdrawal at the end of Seventh YearB) Interest and Withdrawals are not taxableC) Half yearly Compounded interestD) Not Guaranteed by Govt
Q. 35) Commission paid at the time of investment are called [1 Marks]

A) Upfront CommissionB) RebateC) TrailD) AUM Retention Fee
Q. 36) Investors in NPS can choose asset class but not fund managers [1 Marks]
A) TRUEB) FALSE
Q. 37) Settlement responsibility in BSE / NSE Platform are with [1 Marks]

A) AMCB) Clearing House ConcernedC) Stock ExchangeD) Member
Q. 38) Which of the following information does time stamp include [1 Marks]
A) Machine IdentifierB) location codeC) Serial NoD) All of the above
Q. 39) Comprehensive FP should be restricted to five years [1 Marks]
Q. 40) Closed ended fund has [1 Marks]
A) TRUEB) FALSE
A) Fixed AUMB) Fixed Unit CapitalC) Fixed NAVD) Assured Dividend
Q. 41) To which of the following PAN does not apply [1 Marks]

A) PIOB) NRIC) Minor & Senior CitizenD) None of above
Q. 42) Father wants to start his business, this is [1 Marks]
A) Asset AllocationB) Financial GoalC) AppreciationD) Financial Planning
Q. 43) In India one can invest in MF only through distributor [1 Marks]
A) TRUEB) FALSE
Q. 44) SIP is called RCA (Rupee Cost Averaging) [1 Marks]
Q. 45) Liquidity risk arises in [1 Marks]
A) TRUEB) FALSE
A) Closed ended fundB) Open ended fundC) GoldD) Debt
Q. 46) A mutual fund is [1 Marks]

A) A pool of trustee moneyB) A pool of investment institutionsC) A pool of investment managersD) A pool of investment fund
Q. 47) The name and background of key personnel in AMC [1 Marks]

A) Are not included in SIDB) Declared on MF websiteC) Are included in SAID) Are not relevant so not disclosed
Q. 48) Annual report should announce the unclaimed amount and no. of investor [1 Marks]
A) TRUEB) FALSE
Q. 49) STCG in GOLD is applicable if the holding period is less than [1 Marks]
A) 12 monthsB) 36 monthsC) 6 monthsD) 9 months
Q. 50) _______ allots the ARN number [1 Marks]

A) AMCB) AMFIC) SEBID) NISM
Q. 51) Application for MF would be rejected if paid in [1 Marks]
Q. 52) Role of Credit rating agencies is highest in [1 Marks]
A) ChequeB) DDC) CashD) Bankers cheque
A) Debt FundB) Gold FundC) Real Estate FundD) Equity
Q. 53) Investors in PPF gets deduction up to [1 Marks]
A) 100000B) 10000C) 70000D) 75000
Q. 54) Cut-off time are [1 Marks]

A) Agreed between AMC & DistributorB) Different for every RTAC) Prescribed by SEBID) Different from AMC to AMC
Q. 55) Money market in which MF invests are regulated by [1 Marks]

A) AMFIB) SEBIC) RBID) Stock exchange
Q. 56) For with-holding tax on income earned by NRI depends on nature of income, nature investment and investor's country of domicile [1 Marks]
A) TRUEB) FALSE
Q. 57) Gilt fund is a good alternative to Capital Appreciation [1 Marks]
A) TRUEB) FALSE
Q. 58) Which of the following is growth asset [1 Marks]

A) Savings a/cB) Current A/cC) Real EstateD) Govt Security
Q. 59) Which is prohibited in AMC's Code of ethics [1 Marks]

A) Inter Scheme transferB) Front RunningC) Security transaction through associated brokerD) Distributor of MF through AMC
Q. 60) Loads are applicable to [1 Marks]

A) Transfer of Closed ended SchemeB) RedemptionC) Purchase and redemptionD) Purchase
Q. 61) Bank on receipt of money from abroad issue [1 Marks]

A) IECB) FIRCC) MIN + Folio
Q. 62) Mutual Fund investor can't pledge units [1 Marks]

A) TRUEB) FALSE
Q. 63) Standard risk factors are [1 Marks]

A) Not market riskB) Specific to schemeC) not relevant to investorD) common to all scheme
Q. 64) Unit holders are entitled to [1 Marks]

A) Receive information that can effect their investmentB) protection of capital even if market goes downC) Sue the MF or TrustD) Assured return even if there is no
guarantee
Q. 65) Appropriate benchmark to large cap [1 Marks]

A) BSE small cap indexB) SensexC) BSE 500D) BSE Mid cap Index
Q. 66) If market crashes after bull run which fund is more safer [1 Marks]
A) GrowthB) ValueC) SectorD) Theme
Q. 67) Insurance in case of MF is [1 Marks]

A) Up to 1 Lac per schemeB) 1Lac per fundC) More than 1 lacD) None of the above
Q. 68) Net Avg asset of the scheme is 300cr and Investment transaction value for the same is 1000 cr in a year. What is the avg holding period (months)? [1
Marks]
A) 0.3B) 0.36C) Insufficient DataD) 3.6
Q. 69) Mutual Fund transaction on stock exchange are governed by stock exchange redressal system [1 Marks]
A) TRUEB) FALSE
Q. 70) Which one is called Cum-Dividend-NAV? [1 Marks]

A) NAV on the date when trustee approves dividendB) NAV of the date when notice is issued to meet the trustees to finalize the dividendC) NAV after the date of
dividendD) None of the above
Q. 71) Transfer of security from one scheme to another scheme is allowed in MF at [1 Marks]
A) Market PriceB) Only of illiquid securitiesC) At price decided by fund managersD) Not allowed
Q. 72) IF Gold price appreciates investors should invest in [1 Marks]

A) Gold sector fundB) Gold ETFC) Index FundD) Gilt edge Security
Q. 73) When scheme is first launched, AUM of the scheme would be nil [1 Marks]
A) TRUEB) FALSE
Q. 74) An investor looking to select a hybrid fund with tax benefits must choose. [1 Marks]
A) Conservative MIPB) Balance fund Equity orientedC) Balance fund Debt orientedD) Aggressive MIP
Q. 75) Encroachment risk is higher for [1 Marks]

A) LandB) BuildingC) GoldD) Art
Q. 76) Unaudited report has to be published in newspaper every [1 Marks]

A) 3 monthsB) 6 monthsC) 12 monthsD) 3 financial year
Q. 77) Tax differal is advantage [1 Marks]
A) GrowthB) Dividend payoutC) Dividend reinvestD) Capital gain
Q. 78) Foreign exchange can be remitted through [1 Marks]
A) NEFTB) RTGSC) SWIFTD) All of the above
Q. 79) The expense ratio is affected by [1 Marks]

A) Fund sizeB) Average account sizeC) Portfolio compositionD) Stock market conditions
Q. 80) In a mutual fund investors subscription are accounted for as [1 Marks]

A) LiabilitiesB) Unit capitalC) DepositsD) None of the above
Q. 81) 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. [1
Marks]
A) 0.5B) 0.25C) 0.4D) 0.1
Q. 82) Open ended fund can invest in unlisted securities up to- [1 Marks]
A) 0.05B) 0.0475C) 0.06D) 0.0525
Q. 83) Fund of Fund scheme invest in- [1 Marks]

A) Mutual Fund schemeB) International fundC) Index fundD) Gilt fund.
Q. 84) After NFO in a closed ended fund you can purchase units at- [1 Marks]
A) Current NAVB) Less than NAVC) More than NAVD) Units cannot be purchased
Q. 85) A scheme can distribute dividend on its- [1 Marks]

A) Realized profit.B) Profit after taxC) realized & non realized profitD) none of the above
Q. 86) A newly married couple should invest into -- [1 Marks]

A) Debt fundB) Balance fundC) Equity fundD) Liquid Funds
Q. 87) If an investor wants to invest in Mutual fund through exchange platform he can buy from [1 Marks]
A) Existing investorB) BrokerC) AMCD) Distributor
Q. 88) Standard risk factors are [1 Marks]

A) Changes from scheme to scheme.B) Common for all schemeC) BothD) None of above
Q. 89) The presence of market makers provide liquidity in case of ETF [1 Marks]
A) TRUEB) FALSE
Q. 90) Net asset Rs.500cr./ total transaction value is Rs. 1000 cr what is portfolio turnover ratio [1 Marks]
A) 0.5B) 2C) 1D) data insufficient
Q. 91) Avg net asset of scheme is 3000,total transaction of a scheme 10,000 what is portfolio turnover ratio [1 Marks]
A) 0.3B) 4C) 3.33D) 5
Q. 92) What is an ideal sector allocation in a sectoral fund [1 Marks]
A) <5B) >5C) Not more than 2D) >10
Q. 93) NFO other than ELSS is open for a maximum of [1 Marks]
A) 7B) 10C) 15D) 30
Q. 94) Which of the following is true with respect to the automatic reinvestment plan? [1 Marks]
A) It allows the investor to reinvest the amount of dividendB) It ensures that the investor reaps the benefit of compoundingC) Some funds allow the investor the invest the
dividend in the other schemes alsoD) All of the above.
Q. 95) Which of the following is not true for Exchange Traded Funds (ETF)? [1 Marks]
A) ETF combines the best features of open end and closed end.B) Its pricing is linked to the indexC) It offers the investors the benefit of flexibility of holding a single
share as well as the diversification and cost efficiency of indexD) ETFs recover heavy load from the investors.
Q. 96) In which of the following the investor generally bears the highest expenses? [1 Marks]
A) Exchange traded fundsB) Balanced fundsC) Commodity fundsD) Fund of funds.
Q. 97) Which of the following is not the advantage of mutual funds? [1 Marks]
A) Reduction of transaction costsB) Convenience and flexibilityC) Tailor made portfolioD) Liquidity.
Q. 98) Investor who wants long term exposure to gold should opt for [1 Marks]
A) ETF GoldB) Gold Sector FundC) Gold FutureD) Jewellery's
Q. 99) Which is the short term Govt Security [1 Marks]

A) Commercial PaperB) T-BillsC) Certificate of DepositD) Gilt
Q. 100) Which is the most Illiquid Asset? [1 Marks]
A) GoldB) EquityC) DebtD) Real state
Q. 1) Which one of the following is not an eligible investor? [1 Marks]

A) Insurance CompaniesB) Govt InstitutionsC) Foreign CitizensD) Provident Fund
Q. 2) For a customer holding units in demat , the AMC also requires to do his KYC ? [1 Marks]
A) TRUEB) FALSE
Q. 3) Which investment below gives international exposure [1 Marks]

A) International FundsB) Gold FundC) NoneD) Both
Q. 4) On doing risk profiling which asset allocation does it give ? [1 Marks]

A) Strategic Asset AllocationB) Fixed Asset AllocationC) Flexible Asset AllocationD) Tactical Asset Allocation
Q. 5) In a balance fund with net assets of 750 crores what is the expenses that can be charged ? [1 Marks]
A) 10.13B) 15.38C) 17.86 D) 16.125
Q. 6) I invest Rs 50 lacs at 2.30 pm with a local cheque for funds other than liquid scheme, which NAV will you get ? [1 Marks]
A) Next day NAVB) Same days closing NAVC) Previous day NAVD) Closing NAV of the day preceding next business day
Q. 7) What is the DDT for an individual in liquid fund ? [1 Marks]
A) 0.25B) 0.2C) 0.13D) 0.1
Q. 8) If client invest in liquid fund at 11.30 am and the fund gets cleared on the same day which NAV the client gets ? [1 Marks]
A) Next day NAVB) Closing NAV of the day preceding next business dayC) Same days closing NAVD) Previous days closing NAV
Q. 9) What is true about premium paid in a life insurance company ? [1 Marks]

A) Customer can decide premiumB) Premium can be availed under Sec 80 cC) Premium can be shown as expD) Premium is volatile
Q. 10) The person with whom the units are pledged is known as [1 Marks]
Q. 11) What is the highest expense ratio in a Fund of Fund scheme ? [1 Marks]
Q. 12) SEBI is sole regulatory authority for MF are answerable [1 Marks]
A) PledgerB) Pledgee
A) 2.25%B) 1.75%C) 0.75%D) 1.50%
A) TRUEB) FALSE
Q. 13) How is company fixed deposit compare to bank fixed deposit ? [1 Marks]
A) Low RiskB) Highly VolatileC) Less SafeD) Lower Return
Q. 14) Within how many days the dividend warrants to be dispatched on declaration? [1 Marks]
A) 15B) 7C) 10D) 30
Q. 15) A distributor needs different ARN for each AMC ? [1 Marks]

A) TRUEB) FALSE
Q. 16) A conservative investor need not be advised to invest in ? [1 Marks]

A) Gilt FundB) Liquid FundC) High Yield Bond FundD) Short Term Plan
Q. 17) The New Pension scheme is both regulated IRDA and PFRDA as it has an insurance component ? [1 Marks]
A) TRUEB) FALSE
Q. 18) Which is the fastest way of remitting funds on real time basis? [1 Marks]
A) NEFTB) D/DC) SWIFTD) RTGS
Q. 19) Which of the following is a financial asset ? [1 Marks]

A) Govt SecurityB) GoldC) Real EstateD) None of the above
Q. 20) Which of the following is an SRO ? [1 Marks]

A) AMFIB) SEBIC) BSED) RBI
Q. 21) NFO other than ELSS can remain open for maximum _________ [1 Marks]
A) 7 daysB) 15 daysC) 21 daysD) 30 days
Q. 22) In NFO the account statement is to be dispatched within days on closure of NFO ? [1 Marks]
A) 5 daysB) 15 daysC) 20 daysD) 30 days
Q. 23) Companies issuing short term debt is called [1 Marks]

A) CDB) TbillsC) DebenturesD) CP
Q. 24) Within a category one can decide on investments based on Sharpe Ratio [1 Marks]
A) TRUEB) FALSE
Q. 25) Which of the following exempt from DDT ? [1 Marks]

A) Equity Oriented FundB) Liquid FundC) Income FundD) Gilt fund
Q. 26) The arbitrage funds are taxed like debt funds [1 Marks]
A) TRUEB) FALSE
Q. 27) Which of the below is not in a Transition phase ? [1 Marks]

A) Buying of houseB) Providing for daughter marriageC) Shifting of job for higher incomeD) Providing for foreign study for son
Q. 28) The NAV of scheme is impacted by ? [1 Marks]

A) No of InvestorsB) Unit CapitalC) Market Value of PortfolioD) Size of Fund
Q. 29) Technical analysis is projecting trend based on human behavior ? [1 Marks]

A) TRUEB) FALSE
Q. 30) Sub distributors work with [1 Marks]

A) Online platformB) BanksC) IFAD) Distribution companies
Q. 31) Initial issue expense that can be charged to fund [1 Marks]

A) NILB) 1.00%C) 2.00%D) 1.75%
Q. 32) According to Performance Advertisements the return shown for equity funds over 1 years are [1 Marks]
A) Annualised YieldB) Simple ReturnC) Absolute returnD) CAGR
Q. 33) In New Pension Scheme portfolio of Assets class E predominantly investment in [1 Marks]
A) EquityB) debtC) Govt. Sec.
Q. 34) Expense ratio is most important in case of [1 Marks]

A) Index FundB) Offshore FundC) Active FundD) Fund of Fund
Q. 35) Code of ethics for employees of AMC is described by [1 Marks]

A) SEBIB) AMFIC) Internal Audit TeamD) Trustee.
Q. 36) Recurring expenses in Equity scheme has a limit up to [1 Marks]

A) 1.50%B) 0.50%C) 1.25%D) 2.50%
Q. 37) In Transition phase of Wealth Cycle investor tends to increase the proportion of_______ assets in his portfolio. [1 Marks]
A) EquityB) LiquidC) GoldD) None of above.
Q. 38) Which of the following is a Financial Asset? [1 Marks]

A) GoldB) Real StateC) Bank depositD) None of above.
Q. 39) Index fund can give better returns from its Benchmark. [1 Marks]
A) TRUEB) FALSE
Q. 40) The young BPO executives should not be advised to invest in long term schemes because of their lavish life style ? [1 Marks]
A) TRUEB) FALSE
Q. 41) Term Stock picking is used in which of the following? [1 Marks]

A) Bottom up approachB) Top down approachC) BothD) None of above.
Q. 42) What is the applicable rate of STT in case of repurchase of Equity scheme? [1 Marks]
A) 0.13%B) 0.33%C) 0.02%D) 0.25%
Q. 43) Market value is 152 crore, Dividend accrued but not received= 8 crore, liabilities = 2 crore Total no of outstanding units is 75 lakhs. What will be the NAV
of the scheme? [1 Marks]
A) 200B) 210.67C) 213.33D) None of above.
Q. 44) Investor selects an MF based on [1 Marks]

A) Investment PhilosophyB) Investment StrategyC) Investment PolicyD) Investment Objective
Q. 45) ______ has been appointed by Trustee [1 Marks]

A) CustodianB) R & TC) AMCD) Distributor
Q. 46) Risk May be defined as [1 Marks]
A) Asset AllocationB) High Transaction CostC) Financial LossD) Portfolio Rebalancing
Q. 47) Financial Planner defines that client does not have resources to meet goals. He should [1 Marks]
A) Inform the ClientB) Avoid telling as client will be disheartedC) Avoid telling as he may lose the clientD) Increase risk to generate higher return
Q. 48) Which of the following account in NPS is a Saving Account [1 Marks]

A) Tier IB) Tier IIC) Tier IIID) Tier IV
Q. 49) Mutual Fund is exempted from Wealth Tax [1 Marks]

A) TRUEB) FALSE
Q. 50) KYC is required for investment more than [1 Marks]

A) 20000B) 10000C) Not requiredD) Needed for a single rupee investment
Q. 51) If a minor Invests Rs 10,000 in MF, KYC is needed or not [1 Marks]

A) KYC for Minor is needed only if investment exceeds Rs 20000B) KYC for Minor is needed only if investment exceeds Rs 50000C) If investor is a minor, KYC
should be of his guardian even for a single rupee investmentD) KYC is not at all required for minors
Q. 52) Since Preparation of WILL is a long process, it has to be avoided [1 Marks]

A) TRUEB) FALSE
Q. 53) Close ended fund allows investors to sale their units [1 Marks]
A) By allowing fixed number of Units to saleB) By selling number of units in a fixed intervalC) by listing MF in stock exchange
Q. 54) ______ Allots the ARN Number [1 Marks]
A) AMCB) SEBIC) NISMD) AMFI
Q. 55) Application for MF would be rejected if paid in [1 Marks]
Q. 56) Mutual Fund Investor can't pledge units [1 Marks]
Q. 57) Change in the value of NAV is [1 Marks]
A) ChequeB) DDC) CashD) Bankers cheque
A) TRUEB) FALSE
A) Standard RiskB) Systematic RiskC) Unsystematic Risk
Q. 58) Which one is called cum-dividend NAV? [1 Marks]

A) NAV on the date when trustee approves dividendB) NAV of the date when notice is issued to meet trusteed to finalize dividendC) NAV after the date of dividendD)
None of the above
Q. 59) When scheme is first launched and investor invests in MF... it is called [1 Marks]
A) NFOB) IPOC) PurchaseD) Re-Purchase
Q. 60) KIM Document is a summary of [1 Marks]

A) SIDB) SAIC) ODD) SID+SAI
Q. 61) If investor invests in a Guilt fund at 3:30 p.m., he would get the units at which NAV ? [1 Marks]
A) Current NAVB) Previous Days NAVC) NAV of Next Business DayD) Same day NAV
Q. 62) If investor invests in a Equity fund at 3:30 p.m., he would get the units at which NAV ? [1 Marks]
A) Same day NAVB) NAV of Next Business DayC) Previous Days NAVD) Current NAV
Q. 63) The guideline issued by AMFI for intermediaries are known as [1 Marks]
A) AGNIB) ACEC) AMFID) None of the above
Q. 64) Time stamping arrangements is must for [1 Marks]

A) Offices of DistributorsB) AMC OfficesC) Bank Distributors BranchD) Offices declared as point of acceptance
Q. 65) Unaudited accounts of the scheme must be published in the news paper [1 Marks]
A) Every 3 monthsB) Every 6 monthsC) Every 12 monthsD) None of the above
Q. 66) An Investor Invests Rs 100000 in a 365 days FMP and got Rs 107750, what would be capital gain in this case ? [1 Marks]
A) 7750B) 750C) Insufficient DataD) 1000
Q. 67) STT is charged on [1 Marks]

A) Equity Share TradingB) Derivative TradingC) Equity MFD) All of the Above
Q. 68) An investor plans to invest Rs 12000 in a scheme whose NAV is Rs 12, how many units he will likely to be obtained [1 Marks]
A) <1000B) 1000C) 1200D) Cant Say
Q. 69) Company's Earning per share would be indicated by following [1 Marks]

A) P/E RatioB) Current RatioC) EPSD) Leverage Ration
Q. 70) Beta of Index would be [1 Marks] A) Less than 1B) Equals to 1C) more than 1D) None of the above
Q. 71) While evaluating return for an index fund across a peer group, which of the following is more important [1 Marks]
A) Beta CoefficientB) Past performanceC) Tracking errorD) R-Squared
Q. 72) The fund sponsors should have a sound financial track record of [1 Marks]
A) 12 monthsB) 3 YearsC) 5 YearsD) 7 Years
Q. 73) What is the current PPF Rate ? [1 Marks]
A) 7.50%B) 7.75%C) 8.00%D) 8.50%
Q. 74) Father wants his son to be a doctor and study will start after 5 years. The current expense is 2500000. How to calculate the expense after 5 years [1 Marks]
A) A = P + (1+r) ^ n 1B) A = P x (1+r) ^ nC) A = P / (1+r) ^ (1/n) 1D) A = P / (1+r) ^ n
Q. 75) Which of the following has lowest risk ? [1 Marks]

A) Liquid FundB) GILT FundC) Diversified debt fundD) Diversified Equity fund
Q. 76) If I require 500000 after 2 years, which method will I follow ? [1 Marks]
A) Discounting method with interest rateB) Discounting method with inflation rateC) Compounding method with interest rateD) Compounding method with inflation
rate
Q. 77) Mutual Fund Sponsors can be compared to [1 Marks]

A) Depositor of a companyB) Company directorC) Promoter of a companyD) CEO of a company
Q. 78) Which of the following can be charged to the scheme [1 Marks]

A) Salary of Fund AdministrativesB) Office rentC) General Administration ExpensesD) Fees of Custodian
Q. 79) Low PE compared with peer group or industry standard indicates that stock is cheap. [1 Marks]
A) TRUEB) FALSE
Q. 80) What would be the redemption value of a Unit if NAV is 15 and Exit load is 1% [1 Marks]
A) 15B) 14.85C) 15.5D) 15.15
Q. 81) Last step in the process of designing model portfolio [1 Marks]

A) Sector SelectionB) Asset AllocationC) Scheme selectionD) Client Selection
Q. 82) For a distribution channel, 60% of the employees should have AMFI Registration Number [1 Marks]
A) TRUEB) FALSE
Q. 83) Equity Fund's Risk relative to market is measured by [1 Marks]

A) Tracking errorB) Sharpe's RatioC) TreynorD) Beta
Q. 84) Standard Risk is [1 Marks]
A) Common to allB) Uncommon to allC) SystematicD) Specific to all
Q. 85) Request of Purchase can be made [1 Marks]

A) Along with requisite form and ChequeB) Only With ChequeC) Only Purchase requisite form
Q. 86) If an investor invests 1,000,000 at 3:30 p.m through outstation cheque, he will get NAV of [1 Marks]
A) Same day closing NAVB) When fund gets creditedC) Previous day closing NAVD) Next Day NAV
Q. 87) Liquidity risk is highest in [1 Marks] A) Mid Cap stocksB) Front Line StocksC) Index StocksD) Gilt Security
Q. 88) Mr A Holds 2000 Units, scheme declared 1:4 bonus. How many units will Mr A Gets ? [1 Marks]
A) 400B) 500C) 8000D) Depends on NAV
Q. 89) Investor can sue the trust for breach of trust [1 Marks]
A) TRUEB) FALSE
Q. 90) Distributors do not get commission on self business [1 Marks]
Q. 91) Which of the following is an SRO ? [1 Marks]
A) TRUEB) FALSE
A) AMFIB) SEBIC) AMCD) None of above.
Q. 92) What remains constant in a close ended fund ? [1 Marks]
A) Unit CapitalB) NAVC) Both
Q. 93) For which investment PAN card is necessary ? [1 Marks]

A) First investment in Mutual FundB) First investment in specific schemeC) Additional PurchaseD) All of the Above
Q. 94) SEBI regulates [1 Marks]
A) Mutual FundsB) DepositoriesC) RTAD) All of the Above
Q. 95) Unit holders can hold their units in demat form [1 Marks]
Q. 96) KIM needs to be updated every [1 Marks]
A) TRUEB) FALSE
A) 3 monthsB) 6 monthsC) Once a yearD) No need to update it
Q. 97) Trail commission are linked to valuation of portfolio in the market [1 Marks]
A) TRUEB) FALSE
Q. 98) Risk can be measured by [1 Marks]
A) VarianceB) Standard DeviationC) BetaD) Any of the above
Q. 99) According to the Certified Financial Planner - Board of Standards (USA), the third stage in Financial Planning is [1 Marks]
A) Establish and Define the client planner relationshipB) Gather client dataC) Define client goalsD) Analyse and Evaluate Client's Financial Status
Q. 1) In case of market correction _______ , takes more hit than _______ Fund. [1 Marks]
A) Growth , ValueB) Momentum , ValueC) Value , GrowthD) Growth , momentum
Q. 2) Sponsor's net worth should be positive for [1 Marks]
A) Last 5 yearsB) last 2 yearsC) last 3 yearsD) last year
Q. 3) At time of NFO, which document compulsorily filed with SEBI [1 Marks]

A) SIDB) SAIC) Annual ReportD) Memorandum and Articles of Association
Q. 4) Collection and payment of fund is a responsibility of [1 Marks]
A) CustodianB) R&TC) BankerD) AMC
Q. 5) Other than Indian residents, rest have to also comply RBI regulations [1 Marks]
A) TRUEB) FALSE
Q. 6) Which of the following not included in KIM [1 Marks]

A) Details of Key personal of AMCB) Tax benefit of MFC) Expense and Load structure of schemeD) Due diligence certificate of AMC
Q. 7) Function of OD is [1 Marks]
A) Give detailed information about scheme to investorsB) Give current NAVC) Gives Fund suggestionD) None of the above
Q. 8) What should be the Sector Fund Allocation for a single income family having small investable surplus [1 Marks]
A) 0%B) 70%C) 50%D) 30%
Q. 9) Which expense can be not charged to scheme? [1 Marks]

A) Expenses on investor communicationB) Service taxC) Fees of custodianD) General administration expense of AMC
Q. 10) Low PE indicates that stock is cheap and you should buy it [1 Marks]
A) TRUEB) FALSE
Q. 11) Which of the following need not be included in KIM? [1 Marks]

A) Detail of sponsorB) Minimum investment amount and cut off timeC) Risk profile of the schemeD) Opening and closing dates of NFO
Q. 12) As per income tax act, Arbitrage Funds are taxed as per debt scheme [1 Marks]
A) TRUEB) FALSE
Q. 13) Which is purely treated as an international asset [1 Marks]

A) EquityB) GoldC) Real EstateD) Debt
Q. 14) Transfer of security from one scheme to another scheme is allowed in MF [1 Marks]
Q. 15) Calculate the sales price of a unit when NAV is 15 and exit load 1% [1 Marks]
A) TRUEB) FALSE
A) 15B) 14.85C) 15.15D) 15.5
Q. 16) If you get a cheque of 1 cr in a Gilt Fund at 2.30 pm, NAV date will be [1 Marks]
A) NAV at 2.30pmB) NAV at 3pmC) Same day NAVD) NAV of fund realization date
Q. 17) Who allots Amfi Registration Number? [1 Marks]

A) AMFIB) SEBIC) AMCD) none of the above
Q. 18) Which distribution channel don't have a huge branch network? [1 Marks]
A) InstitutionB) Corporate distributorC) BankD) IFA
Q. 19) Dividends in the hands of investors are taxable at the rate of [1 Marks] A) 10%B) 15%C) 33%D) Tax Free
Q. 20) Last step in the process of designing model portfolio [1 Marks]

A) Sector selectionB) Asset allocationC) Scheme selectionD) Client selection
Q. 21) Goal based approach of financial planning focuses on [1 Marks]

A) Risk profilingB) Achievement of the goal of investorsC) Tax liability of investorsD) Investible surplus of the investor
Q. 22) What is the rate of return of PPF [1 Marks]

A) 20 PercentageB) 8 PercentageC) 8.50 PercentageD) 9.25 Percentage
Q. 23) What is the indicator of the risk adjusted performance ratio? [1 Marks]
A) BetaB) Standard DeviationC) Sharpe's RatioD) Variance
Q. 24) Interest Rate sensitivity in Bond fund depends on [1 Marks]

A) Credit ProfileB) Avg MaturityC) YTMD) Current Yield
Q. 25) SEBI doesn't allow passing of commission to [1 Marks]

A) DistributorB) InvestorC) BankD) IFA
Q. 26) If you get a 50L in equity fund at 3:30 pm today,investor will get the NAV of [1 Marks]
A) YesterdayB) TodayC) TomorrowD) NAV of fund realization date
Q. 27) Index against which performance of a fund is measured, is called [1 Marks]

A) Tracking ErrorB) BenchmarkC) Investment objectiveD) Ex-mark
Q. 28) FMP are essentially a closed ended Scheme [1 Marks]
A) TRUEB) FALSE
Q. 29) The information regarding Which category of investors can invest in MF, is given in [1 Marks]
A) Offer documentB) SAIC) MIND) SIN
Q. 30) Who can not be the distributor of the AMC [1 Marks]

A) IFAB) BankC) Employees of AMCD) All of the above
Q. 31) Asset allocation means [1 Marks]

A) Putting all eggs in Same basketB) Investing according to MarketC) Investing in different assetsD) investing only in Equity Gold and Silver
Q. 32) MIP is a Debt Scheme [1 Marks]
A) TRUEB) FALSE
Q. 33) Asset allocation should be in line with [1 Marks]

A) Financial GoalB) Age of ClientC) Risk AppetiteD) All of the above
Q. 34) A young investor having objective of capital appreciation should invest in [1 Marks]
A) GILTB) LiquidC) EquityD) debt
Q. 35) In NPS class-C predominantly invests in [1 Marks]

A) EquityB) DebtC) GoldD) Real Estate
Q. 36) Fund's risk relative to market is measured by [1 Marks]

A) tracking errorB) Sharps' RatioC) TreynorD) Beta
Q. 37) Which one is false about debenture [1 Marks]

A) Issued by PSUB) High credit riskC) It has maturityD) Duration is greater than 1 yr
Q. 38) Investor has read the OD and then the invested in the fund and fund goes down, then he [1 Marks]
A) Gets remedy from SEBIB) Cant sue the AMCC) Gets remedy from AMCD) Gets remedy from NSE
Q. 39) STT charge on [1 Marks]

A) equity DerivativesB) Equity MFC) Equity SchemesD) All of Above
Q. 40) Which function AMC can't do in house [1 Marks]

A) CustodianB) AccountingC) DistributionD) Fund management
Q. 41) Value of Bond goes down when [1 Marks]

A) Interest rate goes downB) Interest rate goes upC) IRR goes downD) YTM goes down
Q. 42) Which one is not exempted in wealth tax [1 Marks]

A) Gold sector fundB) Gold depositC) Gold ETFD) Gold
Q. 43) Institutional distributors needs to be [1 Marks]

A) Registered with SEBIB) Registered with AMFIC) Listed on stock exchangeD) All of Above
Q. 44) Standard risk are [1 Marks]

A) Uncommon to allB) Common to allC) Specific to a schemeD) Systematic
Q. 45) Request for purchase can be made [1 Marks]

A) In units and amountB) In units onlyC) In units or amountsD) In amount only
Q. 46) In NPS investors get choice of the asset class but don't get choice of investment manager [1 Marks]
A) TRUEB) FALSE
Q. 47) In case of online transaction, transaction time is applicable [1 Marks]

A) Time shown in the computer of investorB) Time as web per web serverC) Mid nightD) Next day morning
Q. 48) If investors invest through demat can AMC asks for KYC requirement [1 Marks]
A) TRUEB) FALSE
Q. 49) According to the asset allocation rule, equity exposure should be equal to [1 Marks]
A) AgeB) 100-ageC) Age-100D) 100%
Q. 50) Mutual fund is made up of [1 Marks]

A) Pool of trustees fundB) Pool of institutional investorsC) Pool of investment managersD) Pool of investment money
Q. 51) Who can not invest in mutual funds? [1 Marks]

A) Foreign companiesB) BanksC) insurance companiesD) NBFC
Q. 52) Which is same as of OD? [1 Marks]

A) SIDB) SID+SAIC) SAID) KIM sumarry of SAI + SID.
Q. 53) An scheme open for subscription after the approval of _____________ [1 Marks]
A) SEBIB) AMFIC) TRUSTEED) AMC
Q. 54) Mutual fund distributor in India are member of AMFI. [1 Marks]
A) TRUEB) FALSE
Q. 55) Mutual fund in India is regulated by SEBI(Mutual Fund) act 1996. [1 Marks]
Q. 56) Which of the following is appointed by trustee? [1 Marks]
Q. 57) KIM has to be updated [1 Marks]
A) TRUEB) FALSE
A) CustodianB) DistributorC) AMCD) R&T
A) Twice in a yearB) QuarterlyC) Once in a yearD) Once in two year
Q. 58) Which of the following is more risky? [1 Marks]
A) Liquid fundB) Index fundC) growth fundD) gilt fund
Q. 59) Material changes in KIM need to be updated [1 Marks]

A) once in a yearB) Half yearlyC) Whenever material changes take placeD) Once in two year
Q. 60) Which of the following fund investment help an economy most [1 Marks]
A) Real estateB) Gold ETFC) Debt fundD) Share of gold mining companies
Q. 61) If an investor wants full exposure of gold his investment should be into [1 Marks]
A) Gold ETFsB) Physical goldC) Shares of gold mining companyD) All of the above
Q. 62) If an investor invest 1 lakh rupees in a debt fund after 365 days it's value is 107756/- what is CAGR? [1 Marks]
A) 7.75%B) 7.47%C) 10% or 20% with indexationD) insufficient data
Q. 63) If an investor invest Rs.100,00,000 in Equity MF Scheme at 3.30 pm through outstation cheque he will get NAV of [1 Marks]
A) Same day closing valueB) When fund gets creditedC) Previous day closing valueD) Next day closing value
Q. 64) Trail commission to advisor helps in -- [1 Marks]

A) Retaining the investor for long term.B) Portfolio ChurningC) New client acquisitionD) None of the above
Q. 65) Exit load __________ [1 Marks]

A) Is ame for all schemesB) Is same for all amc'sC) Varies from investor to investorD) Varies from scheme to scheme.
Q. 66) Young married couple should invest in the following equity & debt ratio-- [1 Marks]
A) `50:50B) `65:35C) `100:00D) 80:20
Q. 67) Which fund is an actively managed fund? [1 Marks]

A) Index fundB) Diversified equity fundC) Growth fundD) B&C
Q. 68) Arrange in correct sequence [1 Marks]

A) Risk profile, fund allocation, portfolio construction.B) Risk profile, portfolio construction, fund allocation.C) Portfolio construction,risk profile, fund allocation.D)
Fund allocation. risk profile, portfolio construction
Q. 69) Which of the following is against the ethics & Code of conduct guide line of AMFI [1 Marks]
A) Churning investor's money to get better returnsB) All the associates of a distributor should be amfi approved.C) Keeping the interest of all unit holdersD) All of the
above
Q. 70) Minimum contribution of a sponsor in an AMC should be- [1 Marks]

A) 50.00%B) 60.00%C) 40.00%D) 25.00%
Q. 71) An investor is suggested to keep his investment portfolio in the 65:35 ratio(equity &debt) for all time it is a- [1 Marks]
A) Tactical portfolio.B) Strategic portfolio.C) fixed portfolioD) variable portfolio.
Q. 72) PAN card is not required in case of- [1 Marks]

A) NRIB) Minor & Senior CitizenC) Corporate institution & trust.D) None of the above
Q. 73) FMP can give better interest than a Bank Deposit. [1 Marks]
A) TRUEB) FALSE
Q. 74) The insurance associated with new pension schemes are regulated by- [1 Marks]
A) PFRDA + IRDAB) IRDAC) PFRDAD) None of the above.
Q. 75) In India mutual funds are- [1 Marks]

A) Govt. institutionsB) CompanyC) TrustD) NBFC
Q. 76) Initial issue expenses in a liquid fund has to be- [1 Marks]

A) 0B) 0.000125C) 0.25 percentageD) none of the above
Q. 77) A schemes NAV value increases for the period of 2 yrs . it will show- [1 Marks]
A) Absolute returnB) Simple returnC) compounded annualized returnD) all of the above
Q. 78) In KIM it has been mentioned that the 65% investment will be in equity and equity related instrument. this is called- [1 Marks]
A) Policy of schemeB) Objective of schemeC) portfolio of schemeD) None of the above.
Q. 79) KIM is attached with ? [1 Marks]

A) Transaction slipB) Application FormC) Both A and BD) Neither a nor b
Q. 80) Which is technical analysis- [1 Marks]

A) Volume & price behaviorB) Mark to marketC) book value analysisD) all of the above.
Q. 81) Which is an international fund- [1 Marks]
A) Foreign fundB) Gold fundC) BothD) None of the above.
Q. 82) Who keeps detail report of transaction- [1 Marks]
A) CustodianB) AMCC) R & TD) Distributor
Q. 83) Formula to find out the Standard Deviation in excel is [1 Marks]
A) stdevB) sdC) stddevD) stddv
Q. 84) Time stamp machine contains- [1 Marks]

A) Time stamping serial noB) Machine identificationC) location codeD) all of the above
Q. 85) The expected return & yield of the scheme is mentioned in KIM [1 Marks]
A) TRUEB) FALSE
Q. 86) How frequently NAV of an equity scheme are calculated [1 Marks]

A) DailyB) WeeklyC) QuarterlyD) once in financial year.
Q. 87) If beta of a scheme is less than one the the fund is- [1 Marks]
A) More risky compare to marketB) Less risky compare to marketC) neither risky nor profitable.D) beta doesn't make any impact on scheme performance
Q. 88) What is not true objective of life insurance- [1 Marks]

A) Risk coverageB) InvestmentC) BothD) None of the above
Q. 89) Unit capital is issued at- [1 Marks]

A) 10B) 25C) 50D) 100
Q. 90) Fund management cost is more in- [1 Marks]

A) Passive fundB) Gilt fundC) Liquid fundD) Active fund.
Q. 91) Independent trustee are appointed by- [1 Marks]

A) SponsorB) SEBIC) AMFID) All of the above
Q. 92) Distributors are paid- [1 Marks]

A) CommissionB) FeesC) SalaryD) All of the above
Q. 93) KYC is required for- [1 Marks]

A) Guardian in case of minorB) HUFC) Sole proprietorship firmD) All of the above.
Q. 94) KYC is compulsory - [1 Marks]

A) For every investmentB) 50000C) 50000 and aboveD) first time investment
Q. 95) Formula for CAGR calculation is [1 Marks]

A) Interest * No of yearsB) (P1-P0)/PO*100C) ((End Value/Start Value)^(1/(Period)) -1D) None of above
Q. 96) The NAV of a fund is 15 applicable exit load is 1%, purchase NAV would be- [1 Marks]
A) 14.85B) 15C) 15.25D) 15.65
Q. 97) In case of breach of Code of conduct license is canceled by- [1 Marks]

A) AMFIB) SEBIC) SponsorD) AMC
Q. 98) Which is true in case of PPF? [1 Marks]

A) Partial withdrawal facility is available after one yearB) Investment & return are tax free.C) BothD) None of the above
Q. 99) A fixed term plan series is- [1 Marks]

A) As open ended fundB) A closed ended fundC) A fixed term bank depositD) A fixed term corporate bond
Q. 100) The P/E ratio is an important measure of a company's anticipated performance. it is calculated using. [1 Marks]
A) Market price and dividendB) Market price and earning per shareC) Market capitalization and dividendD) Market price and face value
Q. 1) A mutual fund distributor is paid commission for.. [1 Marks]

A) First 5 years of Investment done by investorB) First 3 years of Investment done by investorC) First 10 years of investment done by investorD) As long as
investor held the investment
Q. 2) The guideline issued by AMFI for intermediaries are known as... [1 Marks]
A) AGNIB) ACEC) AMFID) none of above
Q. 3) The investment in MF portfolio are valued at [1 Marks]

A) Face value of portfolioB) cost of investmentC) Market value of portfolioD) Book value of portfolio
Q. 4) Exit loads are generally lower for large investors. [1 Marks]
A) TRUEB) False
Q. 5) Time stamping arrangement is must at.. [1 Marks]

A) Offices of distributorsB) AMC officesC) Bank distributor's branchD) Offices declared as point of acceptance.
Q. 6) SEBI has put a stop on charging ____________ to the scheme. [1 Marks]

A) Exit loadB) Entry LoadC) Recurring ExpensesD) CDSC
Q. 7) Unaudited accounts of the scheme must be published [1 Marks]

A) through monthly fact sheet TB) Only at AMFI websiteC) Once every six month in one national & Regional news paperD) Only on AMC's website
Q. 8) Capital gain or loss from mutual fund investment are classified as a short term investment are if sold within [1 Marks]
A) 9monthsB) 6 monthsC) 12 monthsD) 13 months
Q. 9) An investor invested Rs.100000/in a 370 day FMP and got Rs. 107750/-, what is capital gain in this case? [1 Marks]
A) 7750B) 750C) Insufficient detailsD) 10% Plus surcharge or 20% after index benefit
Q. 10) Which of the following is true [1 Marks]

A) STT is payable when investor purchase equity MFB) STT is payable when investor does redemption from equity MFC) STT is payable when investor purchase debt
MFD) STT is payable when investor sale debt MF
Q. 11) Liquid funds can not charge management fees of funds parked in a short term bank deposits. [1 Marks]
A) TRUEB) FALSE
Q. 12) STT is charged on [1 Marks]

A) Equity share tradingB) Derivatives tradingC) Equity MFD) All of the above
Q. 13) Which of the following is not required for KYC norms. [1 Marks]
A) Proof of investmentB) Proof of IdentityC) Proof of addressD) All of the above
Q. 14) The information on minimum investment amount, investor's service centers, and how to make purchase is provided in. [1 Marks]
A) Application formB) Nomination FormC) KIMD) None of the above
Q. 15) Which of the following document is not require to be submitted by charitable trust to invest in MF? [1 Marks]
A) Trust deedB) List of authorized signatoriesC) Board resolution and Memorandum and article of associationD) certificate of registration
Q. 16) SIP is a good investment strategy because.. [1 Marks]

A) Investor gets units at a discount to NAVB) It offers benefits of rupee cost averagingC) It helps regular income for investorD) No load investment done
Q. 17) Relaxation from documentation requirements for micro SIP is available for.. [1 Marks]
A) HUFB) Non IndividualC) NRID) PIO
Q. 18) NRI can not make repartition investment in MF using demand draft. [1 Marks]
A) TRUEB) FALSE
Q. 19) An investor plans to invest Rs.12000 in a scheme whose NAV is 12 and FV is 10, how many units is he likely to be obtained. [1 Marks]
A) <1000B) 1000C) 1200D) cant say
Q. 20) An investor is doing a liquid investment, fund is available and time is 12.30. NAV would be applicable for the ________ [1 Marks]
A) Next working dayB) Same dayC) Closing NAV of Day immediately preceding the date of application D) Closing NAV of Day immediately preceding next business
day
Q. 21) Investor invest 50 lakh in GILT at 3.30 pm with a local cheque. he gets NAV of [1 Marks]
A) Closing NAV of day fund are availableB) Same dayC) Next business dayD) Next preceding day.
Q. 22) Time stamping needs to start with serial no 1 on every business day. [1 Marks]
A) TRUEB) FALSE
Q. 23) Funds pay dividend in [1 Marks]

A) Dividend OptionB) Dividend Re-Investment optionC) Both of the aboveD) Growth option
Q. 24) Offering for repurchase, constant amounts worth of units at regular interval basis is called [1 Marks]
A) SIPB) STPC) SWPD) Value investment
Q. 25) A company's PE ratio may be low because it is unlikely to replicate it's past performance [1 Marks]
A) TRUEB) FALSE
Q. 26) Fundamental analysts are called "Chartists" [1 Marks]
A) TRUEB) FALSE
Q. 27) If absolute return was 2.4% over 50 days, annualized return would be____________ [1 Marks]
A) 0.05B) 0.024C) 1.20D) 0.175
Q. 28) In case of liquid fund, investment less than 3 months old. which return would be calculated? [1 Marks]
A) Total returnB) CAGRC) Absolute returnD) Simple annualized
Q. 29) In case of equity fund, if fund has higher allocation to cash in bullish market the performance is likely to.. [1 Marks]
A) Be comparable to that of benchmark indexB) Be worse than benchmark returnC) Better than benchmark returnD) cant say
Q. 30) CRISIL's indicator for highest safety in a debenture is [1 Marks]
Q. 31) During the period of turmoil, gold prices [1 Marks]
A) AAAB) HighC) GoodD) P1+
A) Go downB) Go upC) Remain steadyD) Mirror equities
Q. 32) Performance of fund must always be measured relative to the. [1 Marks]

A) IndexB) BenchmarkC) Asset ClassD) Investment objective
Q. 33) Difference between scheme's actual return and optimal return for it's risk is [1 Marks]
A) SharpeB) TreynorC) AlphaD) Spread
Q. 34) While evaluating return for an index fund across a peer group, which of the following is more important? [1 Marks]
A) BETA CoefficientB) Past performanceC) Tracking errorD) R-squared
Q. 35) Balance funds are for [1 Marks]

A) Aggressive investorsB) highly aggressive investorC) Moderate conservativeD) Highly conservative
Q. 36) The lower risk among equity fund is [1 Marks]

A) Index FundB) Value FundC) Dividend yield fundD) Growth fund
Q. 37) Probabilities of losing money in equity is negligible if investment horizon is for at least [1 Marks]
A) 6 monthsB) 5 yearsC) 1 yearsD) 3 years
Q. 38) Returns in international fund is dependent on [1 Marks]

A) Exchange ratesB) Asset class performanceC) Both of the aboveD) None of the above
Q. 39) Mutual funds in India are not permitted to invest in [1 Marks]

A) GoldB) Real estateC) ArtD) Secularized debt
Q. 40) A value fund is expected to have ________ exposure to front line stocks [1 Marks]
A) EntireB) HighC) Half of it'sD) Low
Q. 41) Index funds are safer because their NAV does not go down [1 Marks]
A) TRUEB) FALSE
Q. 42) Which of the followings are least comparable [1 Marks]

A) Liquid and Savings accountB) Liquid and Current accountC) ETF and Index fundD) GILT and Sector fund
Q. 43) An investor seeking capital appreciation, having high risk tolerance and long term horizon must invest in [1 Marks]
A) BondsB) Bank FDC) Real-EstateD) PPF
Q. 44) Credit rating enables an investors to judge the [1 Marks]

A) Duration of loanB) Extent of securities against the borrowingC) Risk of default by borrowerD) Interest rate risk
Q. 45) Which of the following is not government saving scheme? [1 Marks]

A) Infrastructure BondsB) RBI BondsC) POSTD) KVP
Q. 46) An investor looking for capital appreciation, having a high risk tolerance and long tem horizon must invest in [1 Marks]
A) Bank FDB) EquityC) BondsD) Gold
Q. 47) Which of the followings is physical asset? [1 Marks]

A) Securised debtB) Real estateC) Real estate fundD) Gold future
Q. 48) In new pension scheme(NPS) Tier I account new pension scheme is called pension account [1 Marks]
A) TRUEB) FALSE
Q. 49) Investor in MF can choose asset class but not investment manager [1 Marks]
A) TRUEB) FALSE
Q. 50) Financial Planning Involves [1 Marks]

A) Helping client to select the out performing stockB) Assessing the clients financial informationC) Advising client to invest only in secured investmentsD) None of the
above
Q. 51) Value stocks [1 Marks]

A) Have high current dividendB) Yield high growth in earningC) Are currently under valuedD) None of the above
Q. 52) A better performance than the return on index is given by [1 Marks]

A) Passive fund managerB) An active fund managerC) All fund managersD) Non fund manager
Q. 53) Emerging or new channel for distributors/marketing of mutual funds in India is [1 Marks]
A) InternetB) Stock ExchangeC) All of the aboveD) None of the above
Q. 54) Trail commission means paying [1 Marks]

A) No commission at allB) The entire commission upfrontC) Part of commission up front and balance in phasesD) The entire commission after five years
Q. 55) Agents are compensated by mutual funds [1 Marks]

\
A) Through salariesB) Through commissionC) Through an annual feesD) Not in cash but in kind
Q. 56) The fund sponsors should have a sound financial track record of [1 Marks]
A) 7 yearsB) 5 yearsC) 12 monthsD) 3 years
Q. 57) Which of the following are self regulatory organization(SRO) [1 Marks]

A) BSEB) SEBIC) AMFID) RBI
Q. 58) Bank owned mutual fund are supervised by [1 Marks]

A) SEBIB) Jointly by SEBI & RBIC) RBID) AMFI
Q. 59) A passive fund manager [1 Marks]

A) Researches stocks extensivelyB) Does not buy and sell stocks oftenC) Does not have to go through the process of stock selectionD) Does not have to track stocks
Q. 60) Debt securities bought at a discount to their face value are generally [1 Marks]
A) Interest bearingB) Zero coupon bondsC) Paying interest at a floating rateD) None of the above
Q. 61) When interest rates rise, bond prices [1 Marks]

A) Also riseB) Are not affectedC) FallsD) Fluctuate either up or down
Q. 62) The maturity period of RBI relief bonds is [1 Marks]
A) 5 yearsB) 7 yearsC) 6 yearsD) 8 years
Q. 63) A trail commission is justified when [1 Marks]

A) An investor cancels his investmentB) The investor redeems his investment in a very short timeC) An agent invests his own money, not that of clientD) An Agent retain
the Investment
Q. 64) A debt fund distributes 10% dividend . how much tax does the investor have to pay on this dividend [1 Marks]
A) 10.00%B) 20.00%C) 12.00%D) None
Q. 65) What is the current PPF rate [1 Marks]

A) 8.00 PercentageB) 8.50 PercentageC) 7.75 PercentageD) 7.50 Percentage
Q. 66) What is the recurring expense on first 100 cr for equity schemes [1 Marks]
A) 2.00 PercentageB) 1.75 PercentageC) 2.25 PercentageD) 2.50 Percentage
Q. 67) Risk adjusted return is measured by [1 Marks]

A) Sharpe ratioB) Standard deviationC) Treynor ratioD) A & C
Q. 68) Intra day trading can be done on the basis of- [1 Marks]
A) Fundamental analysisB) Technical analysisC) Economic analysisD) Political analysis
Q. 69) Mid cap stocks are risky in the time of [1 Marks]

A) BoomB) Recession/Economic turmoilC) Political instabilityD) All of the above
Q. 70) Who Appoints the AMC [1 Marks]

A) CustodianB) R&TC) TrusteeD) Distributors
Q. 71) Which of the following has lowest risk [1 Marks]

A) Liquid fund (mmmf)B) Gilt fundsC) Diversified debt fundD) Diversified equity fund
Q. 72) Long term capital gains in a debt fund without indexation for an investor is [1 Marks]
A) 10.00%B) 15.00%C) 20.00%D) No tax
Q. 73) What of the following is not a reason for investor to prefer mutual fund over Bank FD [1 Marks]
A) Tax benefitsB) Possibility of capital gainC) Deposit insuranceD) Investment convenience
Q. 74) In the NPS each investment manager appoints own distributor [1 Marks]
A) TRUEB) FALSE
Q. 75) In the NPS each investment manager appoints own distributor [1 Marks]
A) TRUEB) FALSE
Q. 76) Need of Life insurance in life is [1 Marks]

A) MustB) Not requiredC) can be done withoutD) None of above
Q. 77) All investor have similar requirements at similar stage in the life/wealth cycle [1 Marks]
A) TRUEB) FALSE
Q. 78) Name of asset allocation strategy if it is fixed @ 50 % [1 Marks]

A) Tactical AllocationB) Strategic AllocationC) A & BD) None of above
Q. 79) Model portfolio should be determined based on commission income possibility for distributor [1 Marks]
A) TRUEB) FALSE
Q. 80) Which of the following is true for model portfolio [1 Marks]

A) Stipulated by SEBIB) Guaranteed by AMCC) Decided by financial plannerD) Common across industry
Q. 81) As the no of earning member in a family increases risk appetite [1 Marks]

A) IncreasesB) DecreasesC) Stays constantD) None of above
Q. 82) Equity investment through sip can be suggested for investor looking for [1 Marks] A) Long term growthB) Short term targetC) Portfolio churningD) Tax
benefit
Q. 83) How to compare index fund [1 Marks]

A) performanceB) expensesC) Tracking errorD) None of above
Q. 84) What type of bond fund carries least interest rate risk [1 Marks]
A) Short term bondsB) Long term BondsC) Mid term BondsD) All of above
Q. 85) Arbitrage fund are not equity fund [1 Marks]
A) TRUEB) FALSE
Q. 86) Which of the following is true for FMP [1 Marks]

A) NAV do not fluctuateB) Capital GuaranteedC) Fixed incomeD) None of above
Q. 87) Index funds are_____________fund [1 Marks]
A) Passive fundB) Active fundC) BothD) None of above
Q. 88) The role of insurance is more critical for physical assets than financial assets [1 Marks]
A) TRUEB) FALSE
Q. 89) When price of gold goes up a buyer of gold future contract see it's value [1 Marks]
A) Go upB) Go downC) Retain the same valueD) None of above
Q. 90) The investment portfolio is created based on [1 Marks]

A) Market views of fund managerB) Investment objective of fundC) risk appetite of investorD) profile of unit holder
Q. 91) Commodities as an asset class does not include [1 Marks]

A) Food cropsB) Industrial metalsC) Real EstateD) Gold
Q. 92) Subsequent to NFO, open ended funds are [1 Marks]

A) open for purchase by existing investor & new investorB) open for purchase only for existing investorC) available on stock marketD) None of above
Q. 93) If a fund seeks to grow in value overtime it can be said that it's investment objective is [1 Marks]
A) capital appreciationB) safety of capitalC) Capital adequacyD) Regular income
Q. 94) Hybrid funds are invested in [1 Marks]

A) across equity market capitalizationB) International marketsC) both equity and debtD) None of above
Q. 95) Mutual fund are constituted in India as [1 Marks]
A) CompaniesB) TrustsC) PartnershipsD) NGO
Q. 96) Mutual Fund sponsor can be compared to [1 Marks]

A) Depositor of a companyB) Company directorC) Promoter of CompanyD) CEO of a company
Q. 97) Which of the following is not a function of R&T agent [1 Marks]

A) Creating maintaining and updating the investor recordB) Updating unit capital of fundC) Processing dividends & redemption payouts to investorsD) Settling
investment transaction of the fund
Q. 98) Prior approval of SEBI needs to be taken before a person is appointed as trustee [1 Marks]
A) TRUEB) FALSE
Q. 99) Person, other than Indian residents, should also comply with RBI guidelines for investment in Indian mutual funds [1 Marks]
A) TRUEB) FALSE
Q. 100) The first step of financial planning is [1 Marks]
A) Evaluating the various alternativesB) data gathering and goal settingC) establishing the client planner relationshipD) Plan Review

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Q. 1) What is the purpose of investing in MF?

A) Wealth CreationB) SpeculationC) GamblingD) None

Q. 2) What is fund of fund? [1 Marks]

Q. 3) What is index fund ? [1 Marks]

Q. 5) What is not an advantage of MF ?

Q. 6) Who can invest in open ended fund after the NFO ?

Q. 7) What is tactical asset allocation ?

Q. 8) Appointment of AMC can be Terminated

Q. 10) full form of ASBA ? [1 Marks]

Q. 14) Unit capital means market value X no of unit ? [1 Marks]

Q. 19) A Conservative investor would invests in ? [1 Marks]

Q. 20) A Conservative investor would not invests in ? [1 Marks]

Q. 21) What would be exposure of Equity in Senior Citizens portfolio [1 Marks]

Q. 22) What is a feature of PPF [1 Marks]

Q. 23) Following can invest in MF except [1 Marks]

Q. 24) BSE / NSE MF Transactions are guarantee settlement transactions [1 Marks]

Q. 25) Who can't invest in MF? [1 Marks]

Q. 26) redressal complaint can be registered by investor with ? [1 Marks]

Q. 27) Beta Measures ? [1 Marks]

Q. 28) IF beta is -1 than [1 Marks]

Q. 29) Income of Debt market interest rate refers [1 Marks]

Q. 31) Dividend distribution tax in debt fund is [1 Marks]

Q. 32) Mutual Funds are exempted from [1 Marks]

Q. 33) Diversified equity scheme would not invest in ? [1 Marks]

Q. 35) Expense ratio would be highest in which scheme [1 Marks]

Q. 36) What is MICRO SIP ? [1 Marks]

Q. 37) What is 5 star rating fund ? [1 Marks]

Q. 38) Expenses of Mutual Fund will be born by ? [1 Marks]

Q. 39) Purchase & sale of unit is primely done by. [1 Marks]

Q. 40) What is fundamental Analysis ? [1 Marks]

Q. 42) What is Financial Planning ? [1 Marks]

Q. 44) Return of investment in Mutual Funds should be compared with [1 Marks]

Q. 45) Prospective Investor Can take action against [1 Marks]

Q. 46) Code of conducts for intermediaries are prescribed in ? [1 Marks]

A) 10%B) 20%C) 30%D) As per the income Tax slab

Q. 50) Benefits of Demat A/c [1 Marks]

Q. 52) Time stamping Is compulsory at [1 Marks]

Q. 53) Mutual Funds has to declare their portfolio on [1 Marks]

Q. 55) Safe Keeping of Security purchased & sold by MF is a role of [1 Marks]

Q. 56) What is measured by credit rating companies ? [1 Marks]

Q. 57) Mutual Funds can take a loans for [1 Marks]

Q. 58) Which of the following assets can be encroached [1 Marks]

Q. 59) What is a lock in period in ELSS scheme [1 Marks]

Q. 61) What is distributed widely with the Application forms ? [1 Marks]

Q. 62) Liquidity risk of investor is highest amongst ? [1 Marks]

Q. 63) Risk appetite of investors is assessed through ? [1 Marks]

Q. 64) First step of Financial Planning is ? [1 Marks]

Q. 66) NAV after a dividend payout is called ? [1 Marks]

Q. 67) Expense ratio is more important in case of [1 Marks]

Q. 68) Formula for calculation absolute return is? [1 Marks]

Q. 69) Simple annualized return are used to depict return of [1 Marks]

Q. 70) Which of following is a short term government securities ? [1 Marks]

Q. 74) Liquidity risk of investor is highest in [1 Marks]

Q. 75) Exchange Traded Funds are Index Funds ? [1 Marks]

Q. 76) Appointment of AMC can be Terminated [1 Marks]

Q. 77) Recurring Expenses of MF can be charged to [1 Marks]

Q. 78) One of Types of Debt Funds is [1 Marks]

Q. 79) Minimum Share of sponsor in AMC is ? [1 Marks]

Q. 80) Minimum of trustee requirement is ? [1 Marks]

Q. 81) Advantage of Investing In G-sec [1 Marks]

Q. 82) Asset Allocation must primarily match? [1 Marks]

Q. 83) Tactical Asset Allocation must be a risky Strategy [1 Marks]

Q. 86) Model portfolio are a waste of time [1 Marks]

Q. 88) New Pension scheme is regulated by [1 Marks]