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

a) SEBI
b) RBI
c) National Stock Exchange
d) AMFI

18) Whose consent is needed to approve a change in the fundamental attributes of a closed end schemes?
a) 50% of the unit holders
b) 50% of the trustees
c) 75% of the unit-holders
d) None of the above

19) Which schedule of SEBI (Mutual Fund) regulations 1996 specifies the contents of the Trust Deed?
a) Eleventh Schedule
b) Eighth Schedule
c) First Schedule
d) Third Schedule

20) In case of a dispute, against whom can the Unitholders initiate legal proceedings?
a) Trust
b) Trustee
c) AMC
d) None of the above

21) Mutual Funds are regulated by
a) RBI
b) AMFI
c) SEBI
d) NSE

22) The body to which investors may address their complaints is
a) SEBI
b) RBI
c) IRDA
d) NSE

23) The first-time investor would be well-advised to refer to:
a) Detailed Offer Document
b) The Key info Memorandum only.
c) Either of the above
d) None of the above

24) Which of the subsequent is actual of the offer document?
a) Investor gets all the info to evaluate the performance of the proposed scheme
b) Investor gets useful info to evaluate the performance of the AMC’s past schemes
c) Investor does not get any info on services he can expect from the fund.
d) Investor will not be able to assess the risks of the proposed scheme based on the offer document

25) The Abridged Offer Document contains the address of the following:
a) The Trustees of the Mutual Fund
b) The Directors of the AMC
c) The Registrar and Transfer Agents
d) Options a & b
e) Options b & c

26) Validate the statement – The investor is not obliged to learn the offer document before investing in units of a scheme.
a) Completely actual
b) Rarely actual
c) Completely false
d) Partly false

27) Offer documents have to be updated within
a) One year from the date of problem
b) Two years from the date of problem
c) Six months from the date of problem
d) None of these

28) The front page of the offer document contains
a) Date of its publication
b) Name and kind of the fund
c) Major objectives of the fund
d) a & b

29) To a prospective investor the reliable source of pertinent info about a scheme is
a) Financial Press
b) Offer document
c) AMFI Website
d) Advice from the distributor

30) Which of the subsequent distribution channels is preferred by private mutual funds?
a) Individual distributor
b) Small distribution companies

Earning:   Approval pending.