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

a. Investment is for the identical amount at regular intervals.
b. Over a period of time avg. per share price will be more then guessing the highs and lows.
c. It does not tell you when to buy, sell or switch from scheme to scheme
d. Rupee cost averaging has no serious shortcomings.

31 . An investor in need of the regular income should not choose

a. A bank deposit
b. A debt fund
c. An equity growth fund
d. PPF

32 . Ex Marks (or R-squared factor) of a fund measures

a. How much of a fund’s NAV movement is due to the market index movement
b. How a fund’s NAV movement relates to the market index movement.
c. How much of a fluctuation has occurred in a fund’s NAV over a historical period
d. How many marks a credit rating agency accords to a fund.

33 . Gift funds invest in

a. IT sector
b. AAA securities
c. Money market securities
d. Government bonds

34 . Which of the subsequent is actual for assured return schemes

a. Name and net worth of guarantor to be provided
b. Performance of past-assured return schemes to be provided
c. Whether assurance in earlier scheme was met to be said
d. All of the above

35 . A fund manager who believes in the growth philosophy looks for companies with

a. Above avg. earnings growth
b. Large equity base
c. Likely to go for public problem
d. All of the above

36 . Which are the benchmarks used to evaluate fund performance

a. Return on benchmarks like S&P and Sensex
b. Return on other funds
c. Return on comparable instruments
d. All of the above

37 . Mutual funds are defined as ___________ in the SEBI Regulations, 1996

a. Companies
b. AMCs
c. Trusts
d. Agencies

38 . A mutual fund cannot invest more than ____ % of its net assets in un-rated debt of 1 issuer. Total investments in un-rated debt cannot exceed _____ % of net assets

a. 10; 20
b. 15; 25
c. 10; 25
d. 15; 20

39 . Which of the subsequent will not require financial planning

a. A 40 years old doctor with substantial savings
b. A retiree who is currently getting an income of 4,000 but would want Rs. 10,000 a month

Earning:   Approval pending.