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

Q.17 The fundamental attributes can be changed in an open-ended scheme by subsequent methods

1.Informing all unit holders individually and offering them exit without any load
2.Voting of 75% of the unit holders.
3.Paper Advertisement in daily newsprint
4.Both one and 3.

Q.18 AMFI was set up in 1995 with the objective to:
1.Promote the interests of mutual funds and unit-holders
2.Set ethical, commercial and professional standards in the industry
3.All of the above
4.None of the above

Q.19 Bank owned Mutual Funds are supervised by

1.SEBI
2.RBI
3.Jointly by SEBI & RBI
4.AMFI

Q.20 A Self Regulatory Organisation can regulate

1.All entities in the market
2.Only its own members in a limited way
3.Its own members with total jurisdiction
4.No entity at all

Q.21 The role of AMFI in the mutual funds industry is not to

1.Promote the interests of the unit holders
2.Set a Code of Ethics
3.Regulate mutual funds
4.Increase public awareness of mutual funds in the country


Q.22 Which of the subsequent is an example of Merger of 2 AMCs ?

1.Birla and Alliance
2.Zurich and HDFC
3.Apple and Birla
4.HB And Taurus.

Q.23 Which of the subsequent is an example of Scheme Take over ?

1.Birla and Alliance
2.Zurich and HDFC
3.Apple and Birla
4.HB And Taurus.

Q.24 Which of the subsequent is an example of AMC Take over ?

1.Birla and Alliance
2.Apple and Birla
3.HB And Taurus.
4.None of the above.


Q.25 What is Key info Memorandum

1.It is an abridged version of the Offer Document and is given with application form
2.It is a document that provides historical info about the fund
3.It is issued only by Private Sector mutual funds
4.It is a document that contains key disclosures which are not obtained in the Offer Document

Q.26 One of the subsequent is NOT needed to be disclosed in the offer documentWhich one?

1.Details of Sponsor/Trustees
2.Investors rights and services
3.Performance of the other Mutual Funds
4.Description of the scheme and investment objective

Q.27 The key info of memorandum of a mutual fund is available.

1.At the AMC’s office
2.At the offices of authorized gents
3.At the branches of all banks
4.(1) And (2) only

Q.28 The application form for investing in a mutual fund is normally obtained in....

1.The key info memorandum
2.With SEBI
3.Leading national newsprints

Earning:   Approval pending.