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

4.A sector fund invests in the shares of companies in a particular industry

Q.25 A money market fund usually invests in
1.Government treasury bills of less than 1 year maturity
2.6-month certificates of deposits of banks
3.The inter bank call money market
4.All of these

Q.26 Mutual fund pay commission to their agents:
1.As an incentive for having brought in an investor
2.As compensation for his before and after sales service to the investor
3.To off set any direct expenses that they may incur on sale of units
4.All of the above

Q.27 Which of the subsequent has the least risk?

1.Liquid Fund (MMMF)
2.Gilt Fund
3.Diversified Debt Fund
4.Diversified Equity Fund


Q.28 The current Mutual Fund Regulations from SEBI was introduced in

1.1992
2.1994
3.1996
4.1998


Q.29 Board of Trustees appoint Custodians for...
1.Making payment to bankers on behalf of the fund
2.Selling units of a mutual fund
3.Safekeeping of physical securities of the mutual fund or participating in any clearing system.
4.None of these

Q.30 Day to day investment management policies of a fund is determined by...

1.AMC
2.Trustees
3.Investors
4.Sponsors


Q.31 Shares, debentures, bonds, fixed deposits are the products normally issued by

1.Banks
2.Corporate
3.Governments
4.Mutual obtains


Q.32 An investor in a close-ended fund can get his money back by selling his units:

1.Back to the fund
2.Back to AMFI
3.On a stock exchange where the fund is listed
4.To the agent who sold the units to the investor

Q.33 Small funds are...

1.Relatively easier to manage
2.Achieve their objectives in more focused manner
3.Have limited holding
4.All of these

Q.34 Stock markets investments in the market directly offer a few advantages other than...

1.Potential for high returns
2.Liquidity through trading on the stock exchanges
3.Low risk
4.The opportunity to capitalize on stock market fluctuations

Q.35 Which of the subsequent was the 1st Mutual Fund in India after UTI

1.Can Bank Mutual Fund
2.SBI Mutual Fund
3.LIC Mutual Fund
4.Indian Bank Mutual Fund



Q.36 Which of the subsequent Mutual Fund was set up after 1963 but before 1987?

1.SBI Mutual Fund
3.LIC Mutual Fund
2.Can Bank Mutual Fund
4.None of the above

Q.37 Which of the subsequent is actual about Closed ended Mutual Funds?

1.It has fixed number of units only
2.It has fixed Unit Capital only
3.It has fixed noof units & fixed Unit capital
4.None of the above

Q.38 By What name is the Phase of year 2004 onwards of mutual fund industry known?

1.Growth and SEBI Regulation
2.Emergence of Private funds
3.Emergence of Large & uniform industry
4.Consolidation & growth

Q.39 In case of an open ended Mutual Fund , which is actual

1.All the times units can be allotted
2.Allotment at the time of NFO only
3.Unconditionally exits at all times
4.All of the above

Q.40 Mutual Fund is a:

1.Financial Intermediary
2.Bank
3.NBFC
4.Any of the above

Q.41 Which is the Birth Place of Mutual Fund:

1.India
2.UK
3.USA
4.Japan

Q.42 Which of the subsequent can be a actual statement?

1.NAV of debt instruments fluctuates more that liquid
2.Gilt securities are less riskier that other debt securities
3.Equity is more risky
4.All of the above

Q.43 Who is the seller of units in case of open ended schemes at all the times:

1.Mutual Fund
2.Unit Holder
3.Distributors
4.All of the above

Q44 Where do Gilt Fund invest money ?

1.Bonds and Debentures
2.Money Market Papers only.
3.Equity and Debt both.
4.Government Securities of long term and Medium term maturities.

Earning:   Approval pending.