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

a. By allowing unit holders to exit scheme after six months without exit load
b. After obtaining prior approval from SEBI
c. By obtaining consent of 75% of unit holders
d. Informing every unit holder individually and allowing exit without exit load

23. The total net assets of a fund scheme increased from 100 cr to 120 cr. Of this, five cr was unrealized gain. The number of units is 10 cr. The maximum dividend per unit the scheme can declare is:
a. Rs 2
b. Rs 1.50
c. Rs. 0.50
d. Rs. 1



24. Fund manager with investment philosophy of growth investing, looks for:
a. Companies with above avg. profits and growth in earnings
b. Companies with large equity base
c. Companies which are likely to go for public problem
d. All of the above

25. “Making mutual funds work for you – the investor’s guide” was published by:
a. SEBI
b. AMFI
c. UTI
d. Investor Education and Protection Fund

26. An Investor invested in the UTI Money market Mutual Fund. To see the relevant financial statements, she should read:
a. Financial statement of the schemes managed by UTI trustee
b. Annual report of AMFI
c. Annual report of SEBI
d. Financial statement of the UTI AMC

27. As per investment company institute, AMFI equivalent in the US, corporate bond funds have higher risk than:
a. Money Market funds
b. Index funds
c. Aggressive funds
d. Growth funds

28. MF can invest in unlisted securities within SEBI approved limits, including:
a. Unlisted company’s shares
b. Units of venture capital funds
c. Both the above
d. None of the above

29. A grandfather wants to make an investment for a newborn grandson. Which is the most suitable investment?
a. Index funds
b. Income funds
c. Money market funds
d. Gilt funds

30. The ratio which divides risk premium by Standard Deviation is:
a. Sharpe Ratio
b. Treynor Ratio
c. Bogle Ratio
d. Jensen Ratio

31. The subsequent is not needed on the cover page of the OD?
a. Date on which approved by trustees
b. Earliest closing date for New Fund Offer
c. Date the NFO closes
d. Date the NFO opens



32. The NAV of a fund is 35. Entry load is 1.75% and Exit Load is 0.50%. How many units should Ms Monica redeem to withdraw Rs. 50,000/-?

33. NAV of a fund is 48. Entry Load is 2.25% and Exit Load is 1%. compute the price at which the investor will be able to purchase 2000 units.

34. Which of the subsequent expenses cannot be charged to the scheme

Earning:   Approval pending.