Q1.
Trail commission is paid to a mutual fund distributor based on:
Q2.
Which is the specialist investment manager that manages the mutual fund?
Q3.
A investor invest Rs. 40,000 in a mutual fund at the face value of Rs. 10. The number of units that will be allotted to him is
Q4.
The process of valuing the securities at its current market price is called marking to market (MTM).
Q5.
There are 6000 units of Rs. 10 each issued. The current value of the portfolio was Rs. 72,000. Assume dividend income of Rs. 3000 and expenses of Rs. 600. So what will be the net asset?
Q6.
The KYC requirements for a mutual fund folio have to be completed by:
Q7.
The net asset value of a mutual fund primarily reflects which one of the following:
Q8.
If the current market value is Rs. 52,000 and the number of units is 4000 with a face value of Rs. 10. What will be the net asset value per unit?
Q9.
(I) An open-ended mutual fund issues units to the investors only when the scheme is launched.
(II) A closed-end mutual fund does not have a fixed maturity date.
Q10.
The units of closed-end schemes are mandatorily listed on stock exchanges.
Q11.
An investor wanting to purchase the units of an ETF will transact with ________ and receive the units in ____________
Q12.
Units of a mutual fund can be purchased by investing a pre-determined amount periodically. This facility is called:
Q13.
Diversification means creating a portfolio of securities such that the overall portfolio is well balanced across multiple sectors and securities.
Q14.
The new fund offer (NFO) price is usually
Q15.
The specialist agencies that do non-core functions other than investment management, for an AMC are called constituents.
Q16.
The primary regulator of mutual funds in India is
Q17.
Which of the following statement is wrong?
Q18.
Which of the following statement is wrong?
Q19.
Dividends and redemption proceeds should be sent to the investor within _________ days of dividend declaration and __________ days of transaction request respectively.
Q20.
(I) If interest rates go up, value of debt instruments fall.
(II) The risk in a hybrid fund will be significantly influenced by the allocation between equity and debt.
Q21.
ELSS have to hold at least ________ of the investment portfolio in equity securities.
Q22.
In Equity Linked Savings Schemes (ELSS), the limit for claiming deduction is
Q23.
Typically each unit of ETF represents _________ of gold.
Q24.
The New Fund Offer (NFO) of an open ended fund will be usually open for a period of _______ during which the investor has to make the application.
Q25.
(I) An open-ended fund can be redeemed only when the fund matures.
(II) Units of a closed-ended fund can be redeemed at any time at the current applicable NAV.
Q26.
If applicable NAV is Rs. 20, units redeemed are 500 and exit load is 1%, what will be price per unit for redemption?
Q27.
SIPs enable investors to invest a fixed sum periodically into a mutual fund scheme.
Q28.
New investors pay a transaction fee of Rs. _______ per transaction for purchases above Rs. 10,000 and Rs. _________ for existing investors, in cases where distributors have opted-in for this facility.
Q29.
Which is the proof of the investment made by the investor in a mutual fund?
Q30.
ETF are a type of mutual fund that combines features of an open-ended fund and a stock.
Q31.
(I) More than 10% of an equity fund’s investments can be in one security.
(II) Not more than 30% of a debt fund’s investments can be in one category of issuer.
Q32.
The process of valuing the securities at its current market price is called:
Q33.
Which of the following fund, which invests in debentures and other debt instruments?
Q34.
Exit load is calculated as a percentage of the NAV and reduced from the NAV to arrive at the price that the investor will get on exiting from the investment.
Q35.
Liquid fund can only invest in securities with not more than
Q36.
(I) The primary risk in Fixed Maturity Plans (FMPs) is credit risk.
(II) Lower the tenor of the security greater is the impact of change in interest rates on the price of the security.
Q37.
(I) Mutual fund investments enjoy tax benefits.
(II) The application form for the NFO is available along with a document called Key Information Memorandum (KIM).
Q38.
A mutual fund folio can have up to _________ holders as joint holders.
Q39.
The risk is lesser in sector funds because of lesser diversification.
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