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Series D
1. An equity fund with weekly average net assets of Rs. 1400 crore may change
maximum ongoing expenses (excluding issue/redemption expenses) to the extent of
a. Rs. 35.00 crore
b. Rs. 26.75 crore
c. Rs. 27.50 crore
d. 19.75 crore
2. A close-end equity fund has average weekly net assets of Rs. 200 crores. As per
the SEBI Regulation, the AMC can charge the fund with investment and advisory
fees upto:
a. Rs. 2.25 crores
b. Rs. 2 crores
c. Rs. 2.5 crores
d. Rs. 3 crores
4. In a no load debt fund of corpus 200 Crores, what could be the maximum
investment management charges?
a. 2 crore
b. 2.25 crore
c. 3.25 crore
d. 4.25 crore
e. 5.25 crore
10. Calculate the current yield on a G.Sec with at par value of Rs. 1000, coupon of
11% and market price of Rs. 1010.
a. 11.20%
b. 10.89%
c. 11.21%
d. 12.20%
20. A fund has a front –load of 1% and back-end load of 0.5%. The investor enters at
NAV of Rs.10 and exits at NAV of Rs.12.The return of investment earned by
him is...
a. 20%
b. 18.22%
c. 18.5%
d. None of these
22. For evaluating sectoral funds, the preferred benchmark would be the
a. BSE Sensex
b. S&P CNX Nifty
c. BSE 200
d. S&P CNX Sectoral Indices
23. An investor can assess the performance of his mutual fund by comparing it with
the performance of
a. Other mutual fund of the same type
b. The stock market
c. Other financial products
d. All of the above
24. When comparing a fund's performance with that of its peer group, the following
cannot be compared
a. Two debt funds with 5 year maturities
b. A broad-based equity fund with an IT Sector Fund
c. A bond fund with a bond index
d. A government securities fund with a government security
29. Direct investment in stock markets can be a better option over investing through
mutual funds if
a. The investor wants better returns than those offered by mutual funds
b. The investor has large capital, knowledge and resources for research
c. The investor has identified a bullish phase in the stock market
d. The investor wants to invest for the long term
30. As a financial planner, which of your following clients would you strongly advise
to start investing for retirement?
a. 26 year old unmarried executive with 2 yrs experience in a job
b. 30 year old executive supporting a family of wife, child and mother
c. 30 year old executive with his wife working as well
d. 31-year-old unmarried son of a wealthy businessman.
40. Asset allocation of a portfolio should be re-evaluated every time there is change
in the...
a. Family size and requirement
b. Job of the investor
c. Dramatic change in the market condition
d. All of these
50. An investor asks you in what order he should list the following schemes, going
from the scheme with the least risk to the one with the highest risk – 1.
Balanced Fund, 2. A Stock Index Fund, 3. A Liquid Fund, 4. An IT Sector Fund.
a. 1,2,3,4
b. 1,3,4,2
c. 3,1,2,4
d. 2,3,1,4
51. As per Jacob’s recommendation low risk fund portfolio is likely to have.
a. 50% invested in Government Securities Funds and 50% invested in Money
Market funds
b. An equal split between Government Securities Funds, Growth Funds and Index
Funds
c. Equal investments in Aggressive Growth Funds, Value Funds, Sector Funds and
Debt Fund
d. A mix of Balanced and Growth
52. For which of the following would you consider “ average maturity” as an
important factor in selecting the right one for the investor?
a. A debt fund
b. A balanced fund
c. A money market or liquid fund
d. Both a and b above
53. Which of the following is recommended by Jacob for a Low Risk portfolio?
a. 50 % Growth and Income fund + 50% Money Market fund
b. 50% Growth funds + 50% index fund
c. 50% Government Securities fund + 50% Money Market fund
d. 50% Sector Funds + 50 % Money Market fund
54. Which of the following is not a specialty fund?
a. Sector fund
b. Mid cap /small cap fund
c. Foreign securities fund
d. Gilt fund
55. The emergence of Private Funds in Indian Mutual Fund industry came in which
Phase of Mutual Funds history?
a. Phase 2 during the period 1987 to 1993
b. Phase 3 during the period 1993 to 1996
c. Phase 4 during the period 1996 to 1999
d. Phase 5 during the period 1999 to 2004
59. By What name is the Phase of year 2004 onwards of mutual fund industry known?
a. Growth and SEBI Regulation
b. Emergence of Large & uniform industry
c. Emergence of Private funds
d. Consolidation & growth
61. Who is responsible for the redressal and handling of investor complaints?
a. Fund Trustees
b. The AMC
c. Registrar
d. SEBI
62. Who is responsible for filing details of the fund’s portfolio with SEBI?
a. Registrar of the fund
b. Fund trustee
c. Custodian
d. The Fund manager
72. One of the following is NOT required to be disclosed in the offer document. Which
one?
a. Details of Sponsor/Trustees
b. Investors rights and services
c. Performance of the other Mutual Funds
d. Description of the scheme and investment objective
73. A Charitable Trust wants to invest in Mutual Funds. What would you do?
a. Accept the application from with the cheque
b. Refuse to accept the application
c. Refer to the Offer document of the scheme to confirm that a charitable trust is
allowed to invest
d. Accept the application form, without the cheque, and forward it for final
acceptance by the fund / AMC
74. The investor cannot plead ignorance of procedures while investing in a mutual
fund because
a. Mutual fund is a risky investment
b. The law does not permit the investor to sue the trust
c. While applying the investors signs an agreement stating they have read and
understood the terms and conditions
d. An investor is expected to be careful while investing
e. Mutual fund is based upon trust
1 c 31 b 61 d
2 a 32 b 62 c
3 a 33 b 63 d
4 c 34 b 64 c
5 c 35 a 65 b
6 a 36 c 66 d
7 a 37 d 67 a
8 c 38 c 68 c
9 c 39 d 69 c
10 b 40 d 70 c
11 d 41 b 71 a
12 a 42 b 72 c
13 a 43 d 73 c
14 d 44 b 74 c
15 a 45 b 75 b
16 c 46 d
17 d 47 b
18 a 48 d
19 a 49 d
20 b 50 c
21 d 51 a
22 d 52 d
23 d 53 c
24 b 54 d
25 c 55 b
26 d 56 c
27 b 57 d
28 a 58 c
29 b 59 d
30 b 60 d