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Advanced Wealth Management Course (IIBF) - Paper 5

Ch 2: Mutual Fund Industry

Q1.

One of the first investment trusts, the Boston Personal Property Trust, was organized in ___________.

1822

1868

1893

1880

Q2.

The decade 1990-2000 was particularly favourable to mutual fund industry in USA as by the end of 2000 the assets managed by the industry increased to $ 7 trillion.

True

False

Q3.

(I) The purpose of establishing the Unit Trust of India was to give a fillip to equity market. (II) There are 35 active asset management companies covering Indian public sector, private sector and joint ventures with foreign players.

Both the statements are correct

Only statement (I) is correct

Only statement (II) is correct

Both the statements are wrong

Q4.

The first unit Trust appeared in __________, shortly after the Wall Street crash.

1900

1933

1914

1931

Q5.

The third phase of AMFI began in 1993 with the arrival of private sector players, both Indian and foreign.