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

a. Total income and total assets
b. Net investment income and net assets
c. Total income and net assets
d. None of the above

18.The Income Ratio is more suitable for evaluating the performance of
a. Equity Funds
b. Growth Funds
c. Regular Income Funds
d. Index Funds

19.Portfolio turnover rate of a fund measure the
a. Size of the fund's portfolio
b. Amount of buying and selling done by the fund
c. The avg. number of units sold by the fund in 1 day
d. None of the above

20.A high turnover rate for a fund shows
a. High transaction costs
b. Greater efficiency
c. High returns to the investor
d. A rising market

21.Turnover rates would be most relevant to analyse the performance of
a. Equity funds
b. Growth funds
c. Debt funds
d. Value funds

22.Transaction costs include
a. All expenses related to trading
b. All expenses charged to the fund
c. Distribution expenses
d. None of the above

23.Which of the subsequent are not included in Transaction costs ?
a. Brokerage commissions
b. Stamp duty on transfers
c. Custodians fees
d. Agent commissions

24.Which of the subsequent transaction costs are not quantified in the offer document
a. Brokerage commissions
b. Dealer spreads
c. Custodian's fees
d. Registrar's fees

25.The size of a fund has no bearing on its performance
a. True
b. False

26.As per SEBI, mutual funds can borrow for short term to the extent of
a. Total net assets
b. 50% of net assets
c. 25% of net assets
d. 20% of net assets

27.Which of the subsequent is of no relevance in evaluating fund's performance
a. The performance of the stock market as a whole
b. The performance of other mutual funds
c. The returns provided by other comparable financial products
d. The change in wholesale price index

28.The option of an improper benchmark for evaluating a fund's performance depends on
a. The fund manager
b. The investment objective of the fund
c. SEBI
d. AMFI

29.An actively managed equity fund expects to
a. Be able to beat the benchmarks
b. Earn the identical returns as the benchmark
c. Have no benchmarks
d. Underperform when compared with the benchmark

30.For evaluating Sector funds, the preferred benchmark would be the
a. BSE Sensex
b. S&P CNX Nifty
c. BSE 200
d. S&P CNX Sectoral Indices

31.To evaluate a close-ended debt-fund, a suitable benchmark would be
a. BSE Sensex
b. I-Sec's I-BEX
c. Interest on bank fixed deposits of similar maturity

Earning:   Approval pending.