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

c. It’s own members
d. RBI

18.The role of AMFI in the mutual funds industry is not to
a. Promote the interests of the unit holders
b. Set a Code of Ethics
c. Regulate mutual funds
d. Increase public awareness of mutual funds in the county

19.The rights of investors in a mutual fund scheme are laid down in
a. The Offer Document of that scheme
b. Quarterly Reports
c. Annual Reports
d. Marketing brochures

10.Unit holders of a mutual fund scheme do not have a right to
a. Proportionate ownership of the scheme's assets
b. Dividend declared for that scheme
c. Dividend declared for other schemes of the mutual funds
d. Income declared under that scheme

11.After dividend declaration, unit-holders are entitled to receive dividend within
a. One week
b. One month
c. 42 days
d. Six weeks

12.Unit holder's right to info does not include
a. Obtaining from the trustees any info having an adverse effect on their investments
b. Inspecting major documents of a fund
c. Receiving of a copy of the annual financial statements of that fund
d. Approving investment decisions of the fund

13.Shortfalls in the case of assured returns schemes are met
a. By sponsors of such schemes
b. Only if the offer document specifically given such a guarantee by a named sponsor
c. The Government of India
d. AMFI

14.Unit-holders aggrieved by a Fund or AMC can get redressed from
a. Consumer Courts
b. SEBI
c. AMFI
d. RBI

15.If the Directors of an AMC commit fraud, the Department of Company Affairs and the Company legal regulations Board cannot protect Unit-holders investments
a. True
b. False

16.The responsibilities of a unit-holder do not include :
a. Monitor his investments carefully
b. Being aware of info that affects his investment in a major way
c. Carefully studying the offer document
d. Taking decisions about where the fund managers should invest

17.Unit scheme US-64 falls under the purview of SEBI
a. True
b. False

18.UTI was set up by
a. SEBI
b. AMFI
c. A special act
d. RBI

19.Bank owned Mutual Funds are supervised by
a. SEBI
b. RBI
c. Jointly by SEBI & RBI
d. AMFI

20.Investor does not have the right to receive any interest from an AMC if his redemption proceeds are not despatched within 10 working days

a. True
b. False

21.If an investor failed to claim his redemption proceeds within three years, he can claim the proceeds at
a. Par
b. Prevailing NAV

Earning:   Approval pending.