Q1.
Which authority regulates Money market and foreign market in India?
Q2.
In India Mutual funds, depositories, custodians and registrars are regulated by?
Q3.
Investments from people other than Indian residing in India, remittances (inward and outward) of foreign exchange are regulated by SEBI.
Q4.
Mutual funds in India have constituted a SRO for themselves.
Q5.
Which of the following options can be considered true in the case AMFI?
Q6.
Unit holders can hold units in demat form.
Q7.
Which authority undertakes nationwide investor awareness programme so as to promote proper understanding of the concept and working of mutual funds.
Q8.
A debt scheme would need to invest at least 50% in debt securities
Q9.
An FMCG sector fund would need to invest in at least 65% in shares of FMCG companies
Q10.
Investment objectives define a broad investment charter
Q11.
In the case of a NFO, within how many business days are the statement of accounts to be sent to the investors
Q12.
Schemes other than ELSS need not allot units or refund money within 5 business days of closure of the NFO
Q13.
Open ended schemes other than ELSS have to reopen for ongoing sale/repurchase within 5 days of allotment.
Q14.
In the case of post NFO investment the statement of accounts to the investor within how many days
Q15.
Units of all mutual fund schemes held in demat form are freely transferrable
Q16.
Unit certificates are transferrable and thus offer real transactional convenience for the unit holder
Q17.
The NAV of a mutual fund has to be published daily in at least two newspapers
Q18.
The number of nominees the investor can appoint who will be entitled to the funds in case of demise of the investor/investors
Q19.
The units of a mutual fund can be pledged to be offered as security to a financer
Q20.
Investor should receive the dividend warrant within how many days of the declaration of the dividend
Q21.
In the event of delay of dispatch of dividend warrant the AMC has to pay the unit holder an interest rate of
Q22.
Specify the time period the mutual fund has to publish a complete statement of the scheme portfolio and the unaudited financial results
Q23.
The advertisement of the complete statement of the scheme portfolio and unaudited financial statements has to appear in two English daily’s and one newspaper published in the language of the region where the head office of the mutual fund is located
Q24.
Scheme wise annual report or an abridged summary has to be mailed to all unit holders within how many months of the close of the financial year
Q25.
75% of the unit holders (in practice, unit holding) can pass a resolution to wind up a scheme
Q26.
Who has the right to proceed against the AMC or trustee in certain cases?
Q27.
The principal caveat emptor applies to mutual fund investments.
Q28.
The companies Act 1956 offers protection to the investors of a mutual fund scheme.
Q29.
When the mutual fund deploys unclaimed dividends, the AMC can recover investment management and advisory fee on the management of these unclaimed amounts to a maximum limit of?
Q30.
Under the eyes of the law a trust has a notional entity.
Q31.
Which of the following statements is true with regard to the right of the unit holder to seek legal action against the trust and/or trustees?
Q32.
The annual report of the mutual fund need not mention the unclaimed amount and the number of such investors for each of the schemes
Q33.
When the investor attempts to recover unclaimed amounts after three years, then payment of the amount is calculated on which basis
Q34.
The submission of KYC documentation is not compulsory in the case for mutual fund investments
Q35.
The custodian who has possession of investments of a scheme is independent of the sponsor and the AMC.
Q36.
Which of the following is not a mandatory code of conduct for intermediaries as specified in the AMFI in their AGNI?
Q37.
Which characteristic of the mutual fund ensure structural protection of the Scheme assets for the benefit of the investors.
Q38.
What options are available to an investor if he is uncomfortable with the change in sponsorship?
Q39.
A “Significant Unit holder” means any entity holding 5% or more of the total corpus of any scheme managed by the member and includes all entities directly or indirectly controlled by such a unit holder.
Q40.
Intermediaries can rebate commission back to investors
Q41.
In the case of all employees engaged in the sale and marketing of mutual funds, which of the conditions apply
Q42.
Which kind of people need to appear for Mutual Fund Distributors Certification Examination?
Q43.
Which authority sets the code of Ethics of good practices to be followed by the AMC in their operations and dealings with investors, Intermediaries and the public?
Q44.
Investment strategies are decided on a day to day basis by the senior management of the AMC.
Q45.
Debt-oriented, close-ended / interval, schemes /plans need to disclose their portfolio in their website every month, by the 3rd working day of the succeeding month.
Q46.
Scheme-wise Annual Report, or an abridged summary has to be mailed to all unit-holders within__ months of the close of the financial year.
Q47.
PAN No. and KYC documentation is compulsory for Micro SIPs only
Q48.
The annual report of the AMC may or may not displayed on the website of the mutual fund
Q49.
Unit holders have proportionate right to the beneficial ownership of the assets of the scheme
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