Association of Mutual Funds in India (AMFI) 2008 AMFI Mutual Fund Basic Module Model Mock Test T - Question Paper

1. Abridged offer document distributed with application is called

a prospectus

b. statement in lieu of prospectus

c. key info memorandum

d. scheme features document



2. The duration of a bond is four years. If the annual yield modifications from .4% to .8% without any change in the benchmark yield the impact on bond will be


a. -1.60%

b. 1.60%

c. No impact



3. A person who is 55 years and about to retire in three years is in


a. Growth phase

b. Income phase

c. Accumulation phase

d. Distribution phase



4. The subsequent characteristic is not current in an open end fund


a. facility to buy or sell back units to the fund

b. a fixed unit corpus for the life of the scheme

c. regular declaration of NAV

d. regular disclosure of portfolio



5. A unitholder


a. assigns the management of funds to the fund manager

b. manages the fund by himself

c. can insist for a tailor made portfolio



6. Which of the subsequent can an existing mf investor sue?


a. The AMC

b. Directors of the AMC

c. The mutual fund/ trust

d. The trustees



7. organize the fund kinds starting from least risk to highest risk sector funds balanced fund diversified equity fund


a. M B D S

b. M D B S

c. D B S M

d. D M B S





8. The subsequent is not a duty of the board of trustees of a mutual fund


a. enter into IMA with AMC in accordance with SEBI regulations.

b. guarantee returns on the investors money

c. furnish a report to SEBI on the funds activities on half yearly basis

d. ensure due diligence on part of the AMC for empanelment of brokers



9. In case of corporate deposits the most important thing an investor must look for is :


a. Yield

b. Rate of return

c. Credit rating of the company and deposit

d. Profitability of the company



10. Which of the subsequent is true?


a. A load fund is better than a no load fund

b. With load funds- the NAV increases faster than no load funds

c. No load funds guarantee higher return than load funds

d. None of the above



11. An analysis of operations and financials of the company is called


a. tech. analysis

b. Fundamental analysis

Earning:   Approval pending.