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

1.Dividends were made tax free in the hands of unit holders.
2.Capital Gain taxes were abolished.
3.Dividend distribution tax on all
4.Schemes were removed.
5.All of these


Q.15 A close ended scheme is quoted on the stock exchange at a discount to its NAV when

1.The markets are bearish
2.Investors perceive that the fund will be unable to maintain the NAV
3.The assets of the fund are undervalued
4.None of the above


Q.16 AUM of Mutual Fund industry in year 2004-2005 was: (In crores)

1.140000
2.150000
3.152000
4.120000


Q.17 Which 1 is more diversified?

1.Fund A which invests in Shares in India
2.Fund B which invests in shares in India and USA both
3.Both are equally diversified
4.Insufficient info


Q.18 Which of the subsequent is not a specialty fund?

1.Sector fund
2.Mid cap /small cap fund
3.Foreign securities fund
4.Gilt fund


Q.19 Where do Gilt funds invest?

1.Shares
2.Debentures
3.Dated securities
4.All of the above


Q.20 Fixed Term plan series are:

1.Closed ended
2.Generally short term in nature
3.Not listed on stock exchange
4.All of the above


Q.21 Which of the subsequent is not the right classification of funds?

1.Pension and Insurance Funds
2.Open ended and closed ended funds
3.Load and No load funds
4.Tax free and Tax exempt funds


Q.22 The emergence of Private Funds in Indian Mutual Fund industry came in which Phase of Mutual Funds history?

1.Phase two during the period 1987 to 1993
2.Phase three during the period 1993 to 1996
3.Phase four during the period 1996 to 1999
4.Phase five during the period 1999 to 2004


Q.23 Mutual fund can benefit from economics of scale because of

1.Portfolio diversification
2.Risk reduction
3.Large quantity of trades
4.None of the above


Q.24 Which of the subsequent is incorrect?
1.An equity fund would invest in ordinary shares, preference shares and warrants
2.A bond fund would mainly buy debt instruments
3.An index fund is indexed to inflation index

Earning:   Approval pending.