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

2.Key info memorandum
3.Prospectus
4.None of the above

Q.37 An offer document contains the summary of expenses history of all schemes for the past

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


Q.38 Procedure for redemption or repurchase need not
1.Be defined in the offer document
2.Include how redemption or repurchase price of units would be determined
3.Include names of centers where redemption can be effected
4.Indicate the redemption or repurchase price as at the end of the current fiscal year


Q.39 A load means

1.An amount recovered from the registrar
2.An amount which is recovered from the investor
3.An amount paid to the broker by the fund
4.An amount paid by the fund to the regulator (SEBI)

Q.40 AMFI code of Ethics broadly covers

1.Management of funds ought to be in the interest of the unit holder
2.Adequate disclosures by the fund ought to be made to the unit holders
3.Funds are urged to adopt to the professional selling practices
4.All of these
5.Only (1) & (2)

Q.41 If an investor failed to claim the redemption proceeds after three years of due date he has the right to receive an amount equal to

1.Prevailing NAV
2.Face value of the unit
3.NAV at end of three years after the due date
4.Zero.
5.Due date NAV plus interest @ 15% p.a.

Q.42 One of the subsequent is NOT an ethical practice for a good mutual fund agent which one

1.Promising a particular rate of return in a scheme
2.To explain the financial and investment needs of the investor
3.To discuss the returns found by similar schemes of other AMCs
4.To explain with the investor the risks associated with the proposed investment

Earning:   Approval pending.