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

d. When truly paid

12 . Initial expenses of launching schemes should not exceed
a. 15% of amount received
b. 10% of amount raised
c. 6% of amount raised
d. 5% of the amount raised

13 . The Board of Trustees of a mutual fund:
a. Act as a protector of investor's interests
b. Directly manage the portfolio of securities
c. Do not have the right to dismiss the AMC
d. Cannot supervise and direct the working of the AMC

14 . Transfer Agents of a mutual fund are not responsible for
a. Issuing and redeeming units of the mutual fund
b. Updating investor records
c. Preparing transfer documents
d. Investing the funds in securities markets

15 . Issuing and redeeming units of a mutual fund is the role
a. The custodian
b. The transfer agent
c. The trustees
d. The bankers

16 . A change in the subsequent key people does not materially impact the performance of the fund
a. Fund sponsors
b. Trustees of the fund
c. Fund Manager
d. Members of the AMFI Committee

17 . The entity that SEBI does not regulate is
a. Share registrars
b. Mutual funds
c. Stock exchanges
d. Non-banking finance companies

18 . The largest corpus of investable funds in India is with
a. Bank-owned mutual funds
b. Private Sector mutual funds
c. UTI
d. Insurance Companies

19 . A Self-Regulatory Organization can regulate
a. All entities in the market
b. Only it’s own members in a limited way
c. Its own members with total jurisdiction
d. No entity at all

20 . After dividend declaration, unit-holders are entitled to receive dividend within
a. 1 week
b. 1 month
c. 42 days
d. 6 weeks

21 . The most important link ranging from Mutual Fund and Investors is
a. Government
b. SEBI
c. Fund distributors
d. AMFI

22 . The legal responsibility for the accuracy of the statements made in the offer document lies with
a. SEBI
b. The AMC
c. AMFI
d. The Company legal regulations Board

23 . Standard risk factors are not
a. Market driven
b. Common to all schemes
c. Of relevance to novice investors
d. New to a regular investor

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