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

Q.1 In India, the 1st mutual fund after UTI was launched by

1.Can bank mutual fund
2.Morgan Stanley
3.SBI mutual fund
4.LIC mutual fund


Q.2 A Mutual Fund is a

1.Collective investment vehicle for the purchase of securities on behalf of investors.
2.Company that accepts fixed deposits
3.Fund that problems bond and debentures
4.None of the above


Q.3 In India a mutual fund is a trust whereas in the USA it is

1.An investment company
2.A Trust
3.A Society
4.A Bank


Q.4 Which of the subsequent statement is TRUE?

1.Growth and risk are associated with equity funds
2.Stability is associated with debt funds
3.Both one & 2
4.None of the above


Q.5 Investment in an Equity Linked Savings Scheme (ELSS)

1.Entitles the investor to claim income tax rebate
2.Requires the investment to be locked in for a period of three years
3.Automatically leads to investment in equity shares
4.All of these


Q.6 Mutual funds should be recommended as

1.Investments to achieve long-term goals
2.A “get rich quick” investment choice
3.Investments to take advantages from stock market swings
4.All of these


Q.7 In India, the public sector mutual funds came

1.Before private sector funds & UTI
2.After UTI but before SEBI regulation 1996
3.After SEBI Regulation 1996
4.After SEBI Regulation 1996 but before private sector funds


Q.8 Which 1 of the beneath is correct?

1.UTIMF was established by a special act of parliament
2.UTIMF voluntarily accepted guidelines of SEBI
3.UTIMF is not the 1st MF in India
4.UTIMF was set up by Reserve Bank of India


Q9 Who published “Making Mutual Funds Work for you- The Investors Guide”

1.AMFI
2.SEBI
3.RBI
4.AMCs


Q.10 A close ended mutual fund has a fixed

1.NAV
2.Fund Size
3.Rate of Return
4.Number of Distributors


Q.11 Ownership of unit holders in mutual funds is

1.Mutual
2.Beneficial
3.Mutual and Beneficial
4.None of the above


Q.12 Which of the subsequent is most significant event during February 2003?

1.UTI Act repealed
2.UTI MF obtained
3.UTI no longer has special legal status as a trust established by Act of parliament.
4.All of the above


Q.13 The Board of Trustee of the UTI does not have nominees from

1.RBI
2.LIC
3.IDBI
4.The Bombay Stock Exchange (BSE)


Q.14 In the union budget 1999, which significant change was made?

Earning:   Approval pending.