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

Q.1 Who is responsible for the redressal and handling of investor complaints?

1.Fund Trustees
2.The AMC
3.Registrar
4.SEBI

Q.2 Shortfall in the case of assured returns schemes are met

1.By the Custodian
2.By the SEBI
3.By AMFI
4.By the person’s entity guaranteeing the return as per the offer document

Q.3 Who is responsible for filing details of the fund’s portfolio with SEBI

1.Registrar of the fund
2.Fund trustee
3.Custodian
4.The Fund manager

Q.4 Who is responsible for the interest of unit holders?

1.SEBI
2.AMFI
3.Trustees
4.AMC

Q.5. For a person to qualify as a sponsor, he must

1.Contribute at lowest 40% of the AMC’s net worth
2.Should be carrying on business in financial services for at lowest five years prior to registration
3.Should have a sound financial track record
4.All of the above
5.None of the above

Q.6 Board of Trustees appoint Custodians for

1.Making payment to bankers on behalf of the fund
2.Selling units of a mutual fund
3.Safe keeping of physical securities of the mutual fund or participating in any clearing system
4.None of the above

Q.7 Which of the subsequent is actual about Fund sponsors?

1.Sponsors invest in the unit capital of fund
2.Sponsor invest in the fund
3.Sponsor invest in the AMC
4.All of the above

Q.8 Which is FALSE?

1.A sponsor may act as distributor for AMC
2.A sponsor can never act as a distributor for the AMC
3.Distributors serve also as investment advisors
4.Distributors serve as fund sales persons

Q.9 Sponsor of the fund:

1.Registers the fund with SEBI
2.Forms the Trust
3.Appoints the Trustees
4.Appoints a custodian
5.All of the above


Q.10 In case of merger of 2 AMC, 75% of the unit holders have to approve the merger in case of

1.Open ended funds
2.Both open and close ended funds
3.Close ended funds
4.None of the above

Q.11 Who is the primary guardian of unit holders' funds/assets

1.The AMC
2.The Trustees
3.The Registrars
4.The custodians

Q.12 Which of the subsequent is actual about Sponsor of a mutual fund?

1.Sponsor can be distributor of Mutual fund The AMC
2.Sponsor can’t be a distributor of mutual fund
3.Sponsor can be a Trustee
4.Sponsor can not be a custodian

Q 13What is the full form of ARN ?

1.Agent Registration number.
2.AMFI Registration number.
3.AMFI reconciliation number.
4.Agent Reconciliation number.

Q.14 When was SEBI founded?

1.1990
2.1991
3.1992
4.1994

Q.15 Which is a self – regulatory organization (SRO)?

1.Office of the public trustee
2.Stock exchange
3.SEBI
4.AMFI

Q.16 Mutual funds in India are needed to follow the accounting policies laid down by:

1.AMFI
2.RBI
3.SEBI
4.All of the above

Earning:   Approval pending.