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

15. Offer Document is needed by Mutual Fund:
a) As a AMC requirement
b) As a SEBI requirement
c) As an investor requirement
d) All of the above

16. The ownership of Mutual Fund belongs to:
a) Sponsor
b) AMC
c) Unit-Holders
d) Board of Trustee

17. What is the criticism of the Rupee avg. costing?
a) It has no shortcomings
b) Investment is for the identical amount every month
c) It does not guide you when to buy, sell or switch from 1 scheme to a different
d) In the long run, the avg. per share price will be more than guessing the highs & lows

18. On which of the subsequent incomes investor can't claim rebate U/s 88?
a) Winning from state lotteries
b) Long-term capital gains
c) Speculation business
d) Income from house property

19. What is the feature of the Passive Fund?
a) A passive fund matches the performance of the index
b) A passive fund tracks the index
c) A passive fund chooses the stocks that are current in the index
d) All of the above

20. The AMFI objectives does not include the following:
a) To emphasize on ethical & moral trade practices
b) To create awareness about mutual funds
c) To regulate the stock markets along with SEBI in tandem
d) To improve the standards of mutual fund industry

21. NAV is
a) Asset value divided by all shares sold since the fund was initiated
b) Total number of shares divided by asset value
c) Total value of assets held by the fund divided by the number of outstanding units
d) Total value of assets held by the annual revenue

22. The Mutual Fund in India is constituted as:
a) Investment Company
b) Trust
c) Company
d) None of the above

23. A mutual fund is owned by
a) SEBI
b) Investors
c) Govt. of India
d) AMFI

24. How UTI various from other mutual funds?
a) can hire, lease
b) underwriting
c) can borrow internally & abroad
d) all of the above

25. The advantage of mutual fund is
a) Diversified risk
b) Professional management
c) Small amount of investment
d) All of the above

26. The mutual fund industry began in
a) 1969
b) 1963
c) 1972
d) 1973

27. A good agent will never sale on consideration of
a) Comparative features of other funds
b) Can assure rate of dividend
c) Past record of the scheme
d) None of the above

Earning:   Approval pending.