Q1.
The unit holder’s funds in the scheme are commonly referred to as?
Q2.
What is the formula to calculate the value of NAV of the mutual fund?
Q3.
While calculating profits, all the expenses that relate to a period need to be considered, irrespective of whether or not the expense has been paid. This principal is referred to as?
Q4.
Which is the correct method of calculating NAV of a mutual fund?
Q5.
How would a higher appreciation in the investment portfolio affect the NAV?
Q6.
If the interest, dividend and capital gains earned by the scheme are higher then, NAV would also be higher
Q7.
How would value of the NAV move if the expenses of the mutual fund were lowered
Q8.
The process of valuing each security in the investment portfolio of the scheme at its market value is called?
Q9.
Mark to market based NAV is advisable for which of the following reasons
Q10.
Which kind of scheme has the distinctive feature of re-purchase transaction
Q11.
The difference the sale price and the NAV are known as?
Q12.
The difference between the NAV and the repurchase price is known as?
Q13.
From August 1st 2009 SEBI has banned entry loads.
Q14.
From August 1st 2009 SEBI has banned exit loads.
Q15.
Which feature of the exit load structure is true?
Q16.
The expenses that come up when the scheme is offered for the first time is known as?
Q17.
The initial issue expenses of the scheme are borne by?
Q18.
Which of the following expenses are examples of recurring expenses?
Q19.
Which of the following expenses cannot be charged to the scheme?
Q20.
The depreciation charged on fixed assets and software development expenses can be charged to the mutual fund scheme
Q21.
The accounts of the schemes have to be maintained distinct from the accounts of the AMC
Q22.
NAV is to be calculated up to 2 decimal places in the case of index funds, liquid funds and other debt funds.
Q23.
NAV for equity and balanced funds is to be calculated up to at least 2 decimal places
Q24.
What kind of mutual fund scheme have at least 65% of the assets invested in equity shares of domestic companies?
Q25.
What is the tax on the value of transactions in equity shares, derivatives and equity mutual fund units known as?
Q26.
STT is not payable on transactions in debt or debt-oriented mutual fund units
Q27.
The tax on dividend distributed by debt-oriented mutual fund schemes is called additional tax on income distributed
Q28.
The dividend distribution tax is not payable on which kind of mutual fund scheme
Q29.
What is the difference between sale price and acquisition cost of investment known as
Q30.
Investors in mutual fund schemes need not pay a tax on their capital gains
Q31.
What refers to the cost of acquisition that is adjusted upwards to reflect the impact of inflation?
Q32.
The government releases an index number every_____?
Q33.
There is no TDS on the dividend distribution or re-purchase proceeds to resident investors
Q34.
The investor of which kind of fund would bear a tax on short term capital gains, as per the investors tax slab
Q35.
The investor of which kind of fund would receive dividend free tax and would also not incur any tax on dividend distribution
Q36.
An investor of an equity mutual fund scheme is exempt from capital gains tax if the units were held for more than a year
Q37.
What percentage tax does an investor of an equity oriented mutual fund have pay if the units are held for one year or less?
Q38.
An investor of a debt mutual fund would not bear any STT?
Q39.
According to income tax provisions for mutual funds, capital loss, short term or long term can be set off against any other head of income
Q40.
Long term capital loss can only be set off against
Q41.
Short term capital loss can be set off against?
Q42.
Investments in mutual funds are not exempt from wealth tax
Q43.
A potential tax avoidance approach is known as
Q44.
The Net assets of a scheme is simply its investment portfolio
Q45.
There is no TDS in the repurchase proceeds to resident investors
Q46.
The government of India has entered into double taxation avoidance agreements (DTAA) with several countries
Q47.
The tax on dividend distributed on debt oriented mutual fund schemes for money market mutual funds and liquid funds is?
Q48.
In the case of equity oriented schemes 65% of the assets are invested in domestic companies. For calculating this percentage the average of opening and closing percentage is calculated for what period of time.
Q49.
The key factor driving the NAV of a mutual fund is?
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