Association of Mutual Funds in India (AMFI) 2007 AMFI Mutual Fund Basic Module MODEL MOCK TEST -university question paper

49.The offer document and key info memorandum contain financial info for
a. All schemes of all mutual funds in the capital market
b. All schemes launched by the particular fund during the last three fiscal years
c. None of the schemes
d. Companies in which investment is proposed

50.The functions and responsibilities of the sponsor, AMC, trustees and custodian of the
mutual fund are listed in
a. Offer document only
b. Key info memorandum
c. Both offer document and key info memorandum
d. None of the above
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51.Information about trusteeship fees is included in the offer document but not in the key
info memorandum
a. actual
b. False

52.The subsequent info about the constitution of the mutual fund is obtained in both the
offer document and key info memorandum
a. Activities of the sponsor
b. Summary of trust deed provisions
c. Name and addresses of the board of trustees
d. All of the above

53.The investment objectives of the fund an investor chooses for investment
a. Are of no relevance
b. Should be the identical as his own investment objectives
c. change with market movements
d. change with change in the AMC's key personnel

54.The investment policies listed out in the offer document of a fund do not include
a. The kind of securities in which the scheme will invest principally
b. Asset allocation trend
c. Policy of diversification
d. The specific securities in which the fund will invest

55.If a scheme's name implies that it will invest primarily in a particular kind of security or in
certain industry/sector, then it should invest atleast the subsequent percentage of its total
assets in the indicated kind of security/industry/sector
a. 100%
b. 80%
c. 65%
d. 40%

56.For assured return schemes, info about the guarantor's net worth which justifies
the guarantor's ability to meet any shortfalls in the returns assured under the scheme can be
obtained in
a. The offer document
b. The key info memorandum
c. Both (a)and(b)
d. None of the above

57.The names and background of key personnel of the AMC
a. Need not be disclosed to investors
b. Are of no relevance as they may change
c. Are disclosed in the offer document
d. Are declared in newsprint advertisements

Earning:   Approval pending.