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

4.The fund’s financial statements

Q.29 Offer Documents is updated every

1.Every two years.
2.Every year
3.Varies from scheme to scheme
4.Never updated

Q.30 A Charitable Trust wants to invest in Mutual FundsWhat would you do?

1.Accept the application from with the cheque
2.Refuse to accept the application
3.Refer to the Offer document of the scheme to confirm that a charitable trust is allowed to invest
4.Accept the application form, without the cheque, and forward it for final acceptance by the fund / AMC

Q.31 Regular tracking of mutual funds performance can be done by ……
1.Newspapers, business periodicals, annual half-yearly and quarterly reports of the funds
2.Key info memorandum
3.The fund’s offer document
4.None of these.

Q.32 The ideal source of info on investment plans & investor services offered by the fund is

1.Offer document
2.Advertisements about the scheme
3.Financial journals
4.The scheme’s annual report

Q.33 The investor cannot plead ignorance of procedures while investing in a mutual fund because
1.Mutual fund is a risky investment
2.The legal regulations does not permit the investor to sue the trust
3.While applying the investors signs an agreement stating they have learn and understood the terms and conditions
4.An investor is expected to be careful while investing
5.Mutual fund is based upon trust

Q.34 As per SEBI guidelines, a due diligence certificate is not

1.Signed by a Compliance Officer of the mutual fund
2.A certificate that all legal formalities of a scheme are completed
3.Attached to Annual report
4.A part of offer document

Q.35 An offer document contains an AMCs investor grievances history for the past

1.fiscal year
2.fiscal year
3.fiscal year
4.Six months

Q.36 Along with the application, it is mandatory to distribute

1.Offer document

Earning:   Approval pending.