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

58.The minimum amount to be raised, and the maximum target amount
a. Are not known before the offer is concluded
b. Can be decided based on investor response to the offer
c. Are described as per SEBI Regulations before the offer is made
d. Need not be disclosed in the offer document
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59.The circumstances for refund of investment in the initial offer and period within which
refund must be carried out are not specified in the offer document, but only on the
application
a. actual
b. False

60.Offer related info needed to be listed in the offer document and key info
memorandum includes
a. Dates of opening, closing, earliest closing, allotment and despatch of certificates
b. Procedure for transfer and transmission of units
c. Both the above
d. Neither of the above

61.In the offer document, funds are needed to make disclosures summarising associate
transactions and their impact on the performance of the scheme for the last
a. 1 fiscal years
b. two fiscal years
c. three fiscal years
d. five fiscal years

62.The circumstances under which a scheme shall be wound up are to be defined in the
offer document at the time of the initial launch of the scheme itself
a. actual
b. False

63.The subsequent do not form a part of the investment procedure defined in an offer
document
a. different plans under the scheme (e.g.dividend reinvestment plan)
b. Minimum initial (and subsequent) investment
c. Details of who can invest
d. Details of other competing mutual funds

64.A scheme's policy on dividends and distribution
a. Is decided by the fund manager as per is market outlook
b. Can be changed to suit the requirements of the AMC
c. Need not be consistent
d. Should be disclosed at the time of initial launch

65.SEBI restricts mutual fund investments in companies forming part of the identical group as
the AMC. This is :
a. Not actual
b. In the interest of investor protection
c. Applied only to a few mutual funds, not all
d. Not favourable to investors at all

66.A disclosure should be made in the offer document if an AMC has invested more than
the subsequent percentage of its net assets in group companies
a. 50%
b. 40%
c. 25%
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d. 10%

Earning:   Approval pending.