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

a. True
b. False

29.The evaluation of non-traded equity shares is done at the trading price 30 days prior to evaluation date
a. True
b. False

30.If a unit-holder does not agree to the merger of his fund with another, he has no exit choice
a. True
b. False

31.The most important factor to look for when investing in a corporate fixed deposit is the
a. Yield
b. Rate of interest
c. Credit rating of the deposit
d. None of the above

32.The most important cause for an investor to prefer a bank deposit to a Mutual fund is
a. The credit worthiness of the bank
b. Because the bank does not invest in securities
c. That the bank offers a guarantee
d. All of the above

33.A deep discount bond
a. Is always sold at a discount to its problem price
b. Bears interest annually
c. Is redeemed at a price much higher than problem price
d. Bears interest at varying interests

34.A mutual fund in india is a
a. Body corporate
b. Company
c. Trust
d. An asset management company

35.When selling a mutual fund, a good agent would never
a. Describe the past performance of the scheme
b. Compare the fund with other mutual funds
c. Assure a rate of return
d. Compare the fund with other financial products

36.An investor buys 1 unit of a fund at a NAV of Rs.20.00 He receives a Dividend of Rs.3.00 when the NAV is Rs.21.00 The unit is redeemed at an NAV of Rs.22.00 Total return is
a. 25.71%
b. Rs.27.51
c. 21.27%
d. Rs.21.75


37.A fund sells 100 units of face value Rs.10/- at an NAV of Rs.12.25. How much would be credited to unit capital?
a. Rs.1225
b. Rs.225
c. Rs.1000
d. None of the above

38.When a scheme with assured returns is being launched, which of the subsequent need not be published in the offer document?
a. Means of fulfilling the guarantee
b. Information for all schemes launched by the fund in the past
c. Comparison with other mutual funds
d. Investment objective

39.Mutual fund units cannot be distributed by
a. Trustees of the fund
b. The AMC
c. Non-banking finance companies
d. Banks

40. A debt fund distributes 10% dividend. How much tax does the investor have to pay on this dividend?
a. 10%
b. 12%
c. 20%
d. None

41.A debt fund distributes a 10% dividend, how much tax does the fund have to pay?
a. 10%
b. 12%
c. 13.07%
d. None

42.How many scripts does NIFTY constitute
a. 40
b. 100
c. 30

Earning:   Approval pending.