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

1. Which of the subsequent is generally actual for a growth stock?
a. Steady capital appreciation and steady dividends yields
b. High capital appreciation and high dividend yields
c. High capital appreciation but low dividend yields
d. Steady capital appreciation but high dividend yields

2. A fund's declared NAV does not include loads
a. True
b. False

3. All expenses and income accrued upto the evaluation date shall be considered for evaluation. a few minor expenses need not be so accrued, given their affect on the NAV is not more than:
a. 2%
b. 1.5%
c. 0.5%
d. 1%

4. When a scheme with assured returns is being launched, which of the subsequent need not be published in the offer document?
a. Means of fulfilling the guarantee
b. Information for all schemes launched by the fund in the past
c. Comparison with other mutual funds
d. Investment objective

5. NAV of a fund is 14, Entry Load is 2.25%. compute the price at which the investor will be able to 500 purchase units.

6. The NAV of every scheme should be updated on AMFI's website
a. Every quarter
b. Every month
c. Every hour
d. Every day

7. NAV of a scheme is 20. Exit Load is 1.5%. What will be the price at which the investor will be able to sell units?

8. Which of the subsequent would you suggest if your client suddenly wins Rs. one cr in a game show
a. Invest the whole amount in equity directly
b. Invest half in equity mutual funds and the other half in debt mutual funds
c. Invest in a money market mutual fund till the time he decides on the use of the money
d. Spend, gift and invest as per his wish

9. Which of the subsequent are not actual for ELSS?
a. Investor can claim an income tax benefit
b. There is a lock-in period before investment can be withdrawn
c. There are no specific restrictions on investment objectives for the fund managers
d. These funds cannot invest in shares of listed companies

10. The prospectus of the OD containing the details of a new scheme is 1st registered with
a. AMFI
a. SEBI
b. BSE
c. Ministry of Finance


11. A no-load fund is 1 in which?
a. Entry load is not charged
b. Exit load in not charged
c. Entry load as well as exit load is not charged
d. The initial problem expenses are not charged to the investor

12. If the NAV of an open-ended fund increased from Rs. 16 to Rs. 20 in six months, the absolute return is
a. 6.00%
b. 34.60%
c. 25.00%
d. 37.50%

13. A Mutual fund can benefit from economies of scale because of:
a. Indirect investment
b. Large quantities of trade
c. Portfolio diversification
d. Fund manager

14. The structure, which is needed to be followed by mutual funds in India, is laid down by:
a. Finance ministry

Earning:   Approval pending.