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

1.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

2.To transfer the management of a scheme from 1 AMC to another, the consent of the subsequent is needed
a. SEBI
b. Unit holders
c. Both SEBI and unit holders
d. None of the above

3.As per SEBI's principles, the AMC and the Board of Trustees of a fund should belong to the identical sponsors
a. True
b. False

4.After UTI, the 1st mutual funds were started by
a. Private sector banks
b. Public sector banks
c. Financial institutions
d. Non-banking finance companies

5.The highest authority among the subsequent is the
a. SEBI
b. Company legal regulations Board
c. RBI
d. Ministry of Finance

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

7.The accounts and all other records of an AMC are filed with
a. AMFI
b. Registrar of Companies
c. Agent's Association
d. UTI

8.A close-ended scheme of a mutual fund is not governed by
a. Exchange Rules of the stock exchange where it is listed
b. Listing Agreement ranging from the fund and the stock exchange
c. Guidelines issued by the Ministry of Commerce
d. Companies Act provisions relating to transactions in securities

9.The entry of mutual funds in India was initiated by mutual funds set up by
a. Public Sector Banks
b. Private Sector mutual funds
c. Unit Trust of India
d. Mutual funds set up by insurance companies

10.For a close-ended scheme to change its fundamental attributes, it must find the consent of
a. 50% of unit holders
b. 50% of trustees
c. 75% of unit holders
d. None of the above

181.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


12.The Board of Trustees of the UTI does not have nominees from
a. RBI
b. LIC
c. IDBI
d. The Bombay Stock Exchange (BSE)

13.UTI cannot give
a. Corporate finance
b. Engage in real estate and property development business
c. Provide merchant banking services
d. Invest in securities

14.The "Capital" of a scheme does not include
a. Unit capital
b. Reserves
c. Borrowing
d. Networth of the AMC

15.Which of the subsequent are Self-Regulatory Organisations
a. Bombay Stock Exchange
b. SEBI
c. AMFI
d. RBI

16.A Self-Regulatory Organisation 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

17.The amount of authority enjoyed by a Self-regulatory organisation is described by
a. The apex regulatory authority
b. Company legal regulations board

Earning:   Approval pending.