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Unmarried Professional ?
10% in aggressive equity fund, 60% in high yield bond
funds, 30% in money market funds
80% in aggressive equity funds, 20% money market funds
either 1 or 2
None of these
2 Marks
5. The following can act as agent/ distributor for a Mutual Fund
Employees of the Asset Management Company
Directors of the Trustee Company
Directors of the Asset Management Company
All of the above
None of the Above
2 Marks
6. Choice of stocks to be included in the Portfolio should be based on :
Risk Potential
Return Potential
Earnings growth
Objective of the Scheme
2 Marks
7. An investor purchases a flat on Jan 1 1995 for Rs. 10 Lakhs, which he
sells on Feb 15 1999 for a net consideration of Rs 14 Lakhs. He
invests Rs. 40,000 in a mutual fund scheme under section 54EB.Is the
investor eligible for tax exemption under section 54
Yes
No
Insufficient Information
None of the above
2 Marks
8. Exchange rate relates to
foreign exchange
barter
unemployment
Interest rate
1 Marks
9. In UK Close-ended Mutual Funds are set up in the form of
___________
Partnership
Sole-Proprietorship
Corporate entity
Trusts
Any of the above
None of the above
1 Marks
10. Most Mutual funds try to reduce their exposure to the risks of
individual securities through
Diversification
Market Timing
Rupee-cost averaging
None of the above
1 Marks
11. Which of the following issuer classes are permitted to issue
Financial institutions
Corporates
NBFCs
Chit funds
None of these
1 Marks
12. A security having term to maturity less than 182 days to be valued on
:
Amortised - straight line basis
Amortised - purchase yield
Amortised - last traded yield
Last traded price
2 Marks
13. An open-ended Equity Scheme has average weekly net assets of Rs.
550 crore. According to SEBI Regulations it can charge total
expenses of ------Rs. 11.750 crore
Rs. 10.875 crore
Rs. 12.000 crore
Rs. 12.250 crore
None of the above
2 Marks
14. Convertible Debentures are :
Equity Securities
Debt Securities
Hybrid Securities
None of the above
1 Marks
15. Which of the following Portfolios would you recommend to a Young
Couple with Two Incomes and two children ?
50% in aggressive equity fund, 25% in high Yield bond
funds and growth and income funds, 25% in conservative
money market funds
50% Moderately Aggressive Equity fund, 20% Aggressive
equity fund, 15% High yield bond funds, 15% municipal bond
funds
10% in Money market, 30% in Aggressive Equity fund,
25% in high yield bond funds, and long term growth funds,
35% in municipal bond funds
either 1 or 2
None of these
2 Marks
16. A Scheme can make investment in
In listed securities of group companies not exceeding 10%
of the net assets
Unlisted / privately placed debentures of group companies
of the Sponsor
In listed securities of group companies not exceeding 25%
of the net assets
In listed and unlisted securities of group companies
1 Marks
17. Fundamental Analysis involves:
Analysis of the Balance Sheet of the Company
Analysis of the Industry that the Company operates in
One Month
Six Month
None of the Above
1 Marks
24. A debt security will be categorized as thinly traded security if trading
value during 30 days prior to valuation date is less than :
10 crores
15 crores
20 crores
5 crores
2 Marks
25. An open-ended Debt Fund with average weekly net assets of Rs. 950
crore can charge investment management and advisory fees of -------according to SEBI Regulations
Rs. 9 crore
Rs. 9.5 crore
Rs. 9.75 crore
Rs. 10 crore
2 Marks
26. An Index Fund cannot invest in the following
Nifty
BSE 100
BSE 30
Commodities Exchange
1 Marks
27. The Trustee shall obtain consent of the Unotholders
2 Marks
34. India's Central Bank is called
Central Bank of India
Bank of India
Indian Bank
Reserve Bank of India
1 Marks
35. For open-ended schemes, the policy with respect to illiquid assets
must be disclosed if
the illiquid assets are likely to be more than 15% of the net
assets
the illiquid assets are likely to be more than 5% of the net
assets
the illiquid assets are likely to be more than 10% of the net
assets
the illiquid assets are likely to be more than 20% of the net
assets
2 Marks
36. No change in Fundamental Attribute of any scheme or theTrust or
fees and expenses payable or any other change which would modify
the sheme and affect the interest of Unitholders can be carried out
unless
a written communication regarding the change is sent to
each Unitholder
An advertisement is given in one English Newspaper
having nationwide circulation
In a newspaper published in the language of the region
where the Head Office of the Mutual Fund is located.
Unitholders are given an option to exit at the prevailing
NAV without any Exit Load
2,3 and 4
1,2,3 and 4
2 Marks
37. Incase of borrowings by Mutual Fund , The Mutual Fund shall not
borrow more than
20 % of the net asset value of the scheme
30 % of the net asset value of the scheme
50 % of the net asset value of the scheme
10 % of the net asset value of the scheme
None of the Above
1 Marks
38. Which Statement is true about Systematic Withdrawal Plan [ SWP ]
being different from MIP?
SWP allows investors to get back the principal amounts
invested while MIP only pays the income generated on a
regular basis
In SWP the requested amount to be withdrawn remains the
same over the requested period whereas in MIP the payout may
vary subject to availability of income
In SWP, amount withdrawn is treated as redemption of
units at applicable NAV , Whereas in MIP the units remain the
same
All of the above
Only 1 & 3
2 Marks
39. Who among the following can nominate?
Unitholder acting as a Trust
Unitholder holding units as holder of an office
Only 1&2
2 Marks
43. In India , Mutual Funds are not allowed to borrow except
to meet the initial expenses of launching schemes
to meet the marketing and selling expenses .
to meet temporary liquidity needs for the purpose of
repurchase , redemption of units or payment of interest or
dividend to the unit holder.
to meet registrar service charges for transfer of units sold or
redeemed.
None of the Above
1 Marks
44. When trading in an equity / equity related security in a month is less
than ________________, it shall be considered as thinly traded
Rs. 5 lacs and 50000 shares
Rs. 5 lacs
50000 shares
None of the above
2 Marks
45. A Sectoral Fund investing in debt could invest in all except for the
following
Corporate Debentures
PSU Bonds
Government Securities
Shares in Pharmaceutical Companies
1 Marks
46. In USA Mutual Funds are set up as____________
direct
the two are not related
not enough information
1 Marks
50. Which of the following constituent doesn't form part of the Indian
Mutual Fund structure?
Asset Management Company
Custodian
Underwriter
Banker
Any of the above
None of the above
1 Marks
51. Which of the following Portfolios would you recommend to a
Recently retired Couple?
35% in Conservative Equity funds, 25% in moderately
aggressive equity, 40% in money market funds
30% in short term municipal funds, 35% long term
municipal funds, 25% moderately aggressive equity, 10% in
emerging growth equity
50% in aggressive equity fund, 25% in high Yield bond
funds and growth and income funds, 25% in conservative
money market funds
either 2 or 3
None of these
2 Marks
52. Which is a better investment option whilst selecting an equity fund?
Ex Marks- 75%, Beta- 0.9, Gross Dividend Yield- 8%
proceedings ?
Trust
Trustees
AMC
None of the above
2 Marks
60. Which of these instruments are eligible for Repo transactions
Commercial Paper
Certificates of Deposit
Corporate Debentures
Government Securities
1 Marks