amfi paper

8/20/2019 Amfi Paper

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Q. 1) What is the purpose of investing in MF?

A) Wealth CreationB) SpeculationC) GamblingD) None

Q. 2) What is fund of fund? [1 Marks]

A) Fund form to invest in other MF as per the pre deided o!"etiveB) Equity FundC) Debt fundD) alance Fund

Q. #) What is inde$ fund ? [1 Marks] A) !cti"e managementB) %assive managementC) ot# ! $ D) Non of !bo"e

Q. &) A sponsor an !e ? [1 Marks] A) AMCB) %rusteeC) &ustodianD) '%!

Q. ') What is not an advantage of MF ? A) (rofessional ManagementB) Choie overloadC) Economic ScaleD) )iquidity

Q. () Who an invest in open ended fund after the F* ?

A) +$isting ,nvestors - e ,nvestorsB) E*isting +n"estorsC) Ne, +n"estorsD) No one

Q. /) What is tatial asset alloation ?

A) as per ageB) as per incomeC) as per ris0 appetiteD) none of !bo"e

Q. ) Appointment of AMC an !e erminated

A) -./ 0nit oldersB) Sponsor C) Ma2ority of t#e trusteesD) Both A - C

Q. 3) 4im is ? [1 Marks]

A) S+DB) S!+C) 5,D65A,D) None of !bo"e

Q. 17) full form of A5BA ? [1 Marks]

A) Appliation supported !8 !lo0ed amountB) !pplication supported by balance amountC) !pplication of balance amountD) None of !bo"e

Q. 11) After F* in ho man8 da8s MF should start transations ? [1 Marks]

A) 3 business DaysB) ' !usiness da8sC) - business daysD) . days

Q. 12) ,F an investor su!mits the appliation of De!t fund on #.#7 pm at hih A9 investment ould !e ta0en ? [1 Marks]

A) Same day N!4B) e$t da8 A9C) (re"ious day N!4D) None of !bo"e

Q. 1#) ,F an investor su!mits the appliation on 2.#7 pm at hih A9 investment ould !e ta0en ? [1 Marks]

A) (re"ious day N!4B) 5ame da8 A9C) Ne*t day N!4D) None of !bo"e

Q. 1&) :nit apital means mar0et value ; no of unit ? [1 Marks]

A) %'0EB) FA


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Q. 1/) 177 Cr asset> 1#( Cr de!t Asset> 2.7 r divedend delared !ut 8et not reeived and /' la units are out standing Calulate the A9 [1 Marks]

A) #1&B) 31-533C) 171533D) 13=

Q. 1) 27 la euit8 share>1.'7 Cr et profit after ta$ then alulate the +%5. [1 Marks]

A) /.'B) 18533C) 38D) None of !bo"e

Q. 13) A Conservative investor ould invests in ? [1 Marks]

A) Equity FundB) De!t FundC) ig# di"idend bond yield fundD) alance Fund

Q. 27) A Conservative investor ould not invests in ? [1 Marks]

A) +uit8 FundB) Debt FundC) Money Market FundD) alance Fund

Q. 21) What ould !e e$posure of +uit8 in 5enior Citiens portfolio [1 Marks]

A) 8/B) 18/C) 68/D) #7=

Q. 22) What is a feature of %%F [1 Marks]

A) a$ free ,nterestB) #ig# liquidityC) (remature >it#dra,al is allo,ed after 1 year D) &an be opened in 2oint names

Q. 2#) Folloing an invest in MF e$ept [1 Marks]

A) N'+B) 0FC) !n +ndi"idualD) *verseas Corporate Bod8

Q. 2&) B5+ 5+ MF ransations are guarantee settlement transations [1 Marks]

A) :+B) F!)SE

Q. 2') Who anEt invest in MF? [1 Marks]

A) +ndi"idualB) F++C) D++D) , Corporations

Q. 2() redressal omplaint an !e registered !8 investor ith ? [1 Marks]

A) !MF+ B) '+C) 5+B,D) Ministry of Finance

Q. 2/) Beta Measures ? [1 Marks]

A) 58stemi is0 B) 0nsystematic risk C) Market risk D) )iquidity risk

Q. 2) ,F !eta is 1 than [1 Marks]

A) Sc#eme return ,ill mo"e ,it# MarketB) Sc#eme is more risky t#an marketC) 5heme is less ris08 then mar0etD) None of !bo"e

Q. 23) ,nome of De!t mar0et interest rate refers [1 Marks]

A) GMB) ?ieldC) ?%&D) None of !bo"e

Q. #7) Dividend distri!ution ta$ in +uit8 Fund in the hand of investor is ? [1 Marks]

A) 7=B) 13/C) 1=/D) 18/

Q. #1) Dividend distri!ution ta$ in de!t fund is [1 Marks]

A) 12.'=B) 13/C) 1=/D) 18/


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Q. #2) Mutual Funds are e$empted from [1 Marks]

A) DD%B) S%%C) ,nome a$D) &apital Gain %a*

Q. ##) Diversified euit8 sheme ould not invest in ? [1 Marks]

A) EquityB) Go"t5 SecC) DebenturesD) Hold

Q. #&) hemati fund ould have a limited e$posure ompare to as setor funds [1 Marks]

A) :+B) F!)SE

Q. #') +$pense ratio ould !e highest in hih sheme [1 Marks]

A) !cti"ely manageB) (assi"ely manageC) ,nde$ FundD) None of !bo"e

Q. #() What is M,C* 5,% ? [1 Marks]

A) Annual investment


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A) 18/B) 68/C) 38/D) As per the inome a$ sla!

Q. &) With out inde$ation


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Q. (#) is0 appetite of investors is assessed through ? [1 Marks]

A) 'isk appetiBer B) !sset !llocatorsC) is0 %rofileD) Financial (lan

Q. (&) First step of Finanial %lanning is ? [1 Marks]

A) !nalysis $ e"aluate clients Financial StatusB) +sta!lish - define Client %lanner relationshipC) Gat#er &lient data Define &lient GoalD) De"elop $ presentFinancial (lanning 'ecommendations

Q. (') ,nvestor an ta0e !enefit of ompounding !8 investing inJJJJJJJ plan. [1 Marks]

A) Di"idend (ayoutB) HrothC) Di"idend 'ein"estD) !ll of abo"e

Q. (() A9 after a dividend pa8out is alled ? [1 Marks]

A) +$dividend A9B) Di"idend N!4C) ot# ! $ D) Non of !bo"e

Q. (/) +$pense ratio is more important in ase of [1 Marks]

A) %erformane of the shemeB) !t t#e tim, of redemptionC) ot# ! $ D) No one

Q. () Formula for alulation a!solute return is? [1 Marks]

A) 'edemption N!4 uy N!4 uy N!4H188B) 'edemption N!4 188 H uy N!4C) Kedemption A9 Bu8 A9) ; 177 Bu8 A9D) uy N!4 uy

N!4H188

Q. (3) 5imple annualied return are used to depit return of [1 Marks]

A) *ne 8ear returnB) 6 ?ear 'eturnC) ot# ! $ D) None of !bo"e

Q. /7) Whih of folloing is a short term government seurities ? [1 Marks]

A) .BillsB) ((FC) NS&D) I4(

Q. /1) ,nvestor loo0ing for pure e$posure to gold should opt for ? [1 Marks]

A) Gold Equity FundB) Hold +F FundC) ot# ! $ D) None of !bo"e

Q. /2) Whih of the folloing douments is not reuire to !e su!mitted !8 harita!le trust to invest in MF? [1 Marks]

A) oard 'esolutionB) %rust DeedC) (!N +n %rust NameD) Address %roof

Q. /#) under the inome ta$ At Ar!itrage fund are ta$ed li0e de!t? [1 Marks]

A) %'0EB) FA


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A) Floating rate FundsB) Floating rate equity fundC) floating fundD) +nter"al funds

Q. /3) Minimum 5hare of sponsor in AMC is ? [1 Marks]

A) 18588/B) 1.588/C) 68588/D) &7.77=

Q. 7) Minimum of trustee reuirement is ? [1 Marks]

A) 6B) 3C) .D) &

Q. 1) Advantage of ,nvesting ,n Hse [1 Marks]

A) 5eurit8B) )iquidityC) >ealt# &reationD) None of !bo"e

Q. 2) Asset Alloation must primaril8 math? [1 Marks]

A) is0 %rofileB) !geC) ot# ! $ D) None of !bo"e

Q. #) atial Asset Alloation must !e a ris08 5trateg8 [1 Marks]

A) :+B) F!)SE

Q. &) JJJJJJJJJJJJJJJJJAsset alloation is not a te$t !oo0 Asset Alloation Model. [1 Marks]

A) atialB) DiscretionaryC) StrategicD) !ll of t#e abo"e

Q. ') Ar!itrage fund are not meant for euit8 e$posure for investors [1 Marks]

A) %'0EB) FA


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Q. 3&) he standard deviation of returns of a finanial instrument denotes [1 Marks]

A) is0 B) 'eturnC) (riceD) +ts nature

Q. 3') A popular measure of the valuation of a ompan8Es share on the sto0 mar0ets is [1 Marks]

A) Di"idend yieldB) GearingC) Earnings yieldD) %+ ratio

Q. 3() he sponsor of a mutual fund is its [1 Marks]

A) Manager B) %rusteeC) %romoterD) None of t#e abo"e

Q. 3/) he AMC of a mutual fund reports to [1 Marks]

A) %#e sponsor B) !MF+C) SE+D) he trustee ompan8

Q. 3) he A9 of a fund is !ased on [1 Marks]

A) &as# basisB) Arual !asisC) +ncome basisD) None of t#e abo"e

Q. 33) ,n the interest of investor protetion> 5+B, arries out [1 Marks]

A) Market sur"eillanceB) !ction against intermediariesC) !ction against erring companiesD) All of the a!ove

Q. 177) ehnial Anal8sis 5tands for [1 Marks]

A) iming the mar0etB) !nalyBing demand and supply of stock C) &omparing book "alue and market "alueD) ! and bot#

Q. 1) We have to do the registration of the mutual fund ith the 5+B,. Who gets registration done [1 Marks]

A) %rustB) ' $ %C) 5ponsorD) !M&

Q. 2) AMF, do the folloing ativit8 [1 Marks]

A) %u!lish A9> A:M of the fund house and maintain and pu!lish industr8 data B) &ompute N!4C) Manages money under D) None of t#e abo"e

Q. #) ,n a liuid fund a appliation for repurhase omes at #.#7. Whats is the A9 hih ould !e availa!le to it [1 Marks]

A) &losing N!4 of t#e date of applicationB) Closing A9 of the ne$t !usiness da8C) &losing N!4 of t#e day preceeding t#e ne*t business dayD) &losing N!4 of t#e

day preceesing t#e date of application

Q. &) ,n reating of model portfolio hih is the first step [1 Marks]

A) Deiding the Asset AlloationB) +dentify financial GoalC) Selection of Sector D) Selection of t#e sc#eme

Q. ') *ne the asset alloation is deided> sharpe ratio an help us to selet the good de!t and euit8 5hemes [1 Marks]

A) :+B) F!)SE

Q. () *ne the asset alloation is deide> tre8nor ratio an help us to selet the good de!t and euit8 shemes [1 Marks]

A) %'0EB) FA


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Q. 3) /'= investment in de!t is suggested to [1 Marks]

A) Aged ouple ith no immediate famil8 supportB) 98 year old man ,it# a family ,it# gro,n up c#ildrenC) ?oung call centre e*ecuti"eD) ?ound couple ,it# 6sc#ool going kinds

Q. 17) An investor ith interest to earn high return and illing to ta0e high ris0 are refferred to as [1 Marks]

A) &autious +n"estor B) &onser"ati"e +n"estor C) !d"enturous +n"estor D) Aggressive ,nvestor

Q. 11) A person reuires 1>77>777 rs for the speifi goal after # 8ears. ,f e ant to 0non hat amount he needs to invest no to get the said amount at rate of

'=. hih of the folloing formula needs to !e used [1 Marks]

A) 188888J1K858.L3B) 188888J1K858.J3C) 177777K167.7')N#D) 188888H1K858.J3

Q. 12) For an Miro 5,% hih one of the folloing is not a valid photo ,D proof [1 Marks]

A) (!N proof B) Debit card ,it# p#oto +DC) Credit ard ith %hoto ,DD) 4oter +D proof

Q. 1#) he responsi!lit8 to manage funds in the ne pension sheme is ith [1 Marks]

A) (F'D!B) +nsurance &ompaniesC) !M&sD) %FMs

Q. 1&) Where 8ou get the information in regards to the 0e8 personals involved in an AMC [1 Marks]

A) %#ey are not publis#ed as it is not "ery important for t#e in"estor B) %#ey are publis#ed on t#e ,ebsite of t#e mutual FundC) Availa!le in 5A, K 5tatement ofAdditonal ,nformation )

Q. 1') Whih of the folloing is not availa!le in 5,D [1 Marks]

A) %ype of FundB) 'isk Factor C) Due Diligence certificateD) one of the a!ove

Q. 1()


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Q. 2&) ,ts is advisa!le for an average investor to do atial Asset alloation for planning his retirement [1 Marks]

A) %'0EB) FA


10/53

A) National DistributorsB) ranc#es of public Sector ank C) Branhes of reserve !an0 of ,ndiaD) ranc#es of Forein anks

Q. #3) ,mportane of redit rating agen8 is most important in [1 Marks]

A) Equity FundsB) 5eutised De!tC) E%F

Q. &7) Full form of AH, [1 Marks]

A) AMF, gudieline and orms for ,ntermidiar8B) !MF+ guideline and norms for +n"estmentC) !MF+ guideline for !sset Management &ompanyD) !MF+ Guidelinefor Non +ndians

Q. &1) Whih of the folloing sheme is e$empted from the divident distri!ution a$ [1 Marks]

A) a Debt Criented FundsB) alance FundsC) )iquid FundsD) +uit8 Funds

Q. &2) 5etor seletion is the 0e8 deision in the Bottom :p Apprah [1 Marks]

A) %'0EB) FA


11/53

Q. '&) ,nsurane is more important in ase of %h8sial Asset 9is a 9is finanial Asset [1 Marks] A) :+B) F!)SE

Q. '') Whih of the asset have the higest ris0 to !e stolen [1 Marks]

A) 'eal EstateB) H* ever8 distri!utor have to provide the folloing [1 Marks]

A) &orrect and complete informationB) &ommitment to abide by instruction gi"en as also statutory codes and guidelineC) (ro"ide all information and document t#at t#e!M& may ask for from time to timeD) All of the a!ove

Q. (() ransation done of MF on the 5+ +A and B5+ 5tart the e$hange gurantee the settlement of Funds [1 Marks]

A) %'0EB) FA


12/53

Q. /7) Advantage of investing in %%F is [1 Marks] A) )oan is a"ailable any timeB) (remature ,it#dr,al is allo,able after one year C) !ny amount of in"estment in t#esc#emeD) a$ free return ever8 8ear

Q. /1) 5elf egulator8 *rganisation ontrols [1 Marks]

A) !ll #is member to t#e limited e*tentB) All his mem!er ompletel8C) !ll mutual fund companyD) !ll s#are brokers

Q. /2) ,n ase of oint holder the pan ard reuriment for [1 Marks] A) 1st and 6nd older B) All "oint holdersC) Cnly 1st older D) !ny Cne

Q. /#) Ma$imum num!er of nominee hih an !e added [1 Marks]

A) .B) 1C) #D) 6

Q. /&) ,n ase e %ension sheme ho man8 %FMK %esion Fund Managers) are managing the mone8 [1 Marks]

A) .B) 3C) 6D) (

Q. /') Whih is the right 5euene [1 Marks]

A) )iquid Fund M+(Gilt FundB) Gilt Fund5)iquid FundM+(C) Diversif8 De!t>Hilt Fund>


13/53

A) )iquid FundB) ,nde$ FundC) Equity FundD) Cff s#ore Fund

Q. /) A5BA is an +$ellent Failit8 for Additional %urhase in a Fund [1 Marks] A) %'0EB) FA


14/53

Q. #) Where the investor desires to hold MF unit in DMA form the AMC ill still !e reuired to %erform 4GC to suh investors [1 Marks]

A) %'0EB) FAell (laced Mid )e"el E*ecuti"eC) ,nvestor in Distri!ution %haseD) Senior E*ecuti"e ,it# >ell Settled ildren

Q. 1#) A distri!utor an !e empaneled !8 AMC onl8 if [1 Marks]

A) 5uh distri!utor and its representative hashave leared ertif8ing +$amB) Suc# distributor is appro"ed by !MF+C) Suc# Distributor is registered ,it# StockE*c#angeD) !ppro"ed by SE+

Q. 1&) AH, is mandated !8 ? [1 Marks]

A) AMF,B) !MF+ and SE+C) '+D) SE+

Q. 1') un0 Bond 5heme is also !e 0non as Ligh Geild 5heme ? [1 Marks]

A) :+B) F!)SE

Q. 1() Aording to 5ome studies Asset Alloations and ,nvestment %oli8 an !etter e$plain the portfolio performane as ompared to 5to0 seletion and

,nvestment imimg? [1 Marks]

A) :+B) F!)SE

Q. 1/) Whih *f the folloing !enefits of starting Lealth ,nurane %oli8 earl8? [1 Marks]

A) ig#er Money ack after . yearsB) %rotetion against ,nsurane Compan8 re"eting laim on the ground of pree$isting illnessC) ot# of t#e abo"eD) None Cft#e abo"e


15/53

Q. 1) Whih of the golloing is Hovernment 5avings 5heme? [1 Marks]

A) +nfrastrucure ondB) '+ releif ondC) %ost *ffie reurring DepositD) !ll of t#e abo"e

Q. 13) Duration of %%F deposit is [1 Marks]

A) 1' 8earsB) = yearsC) - yearsD) 3 years

Q. 27) ela$ation from Doumetation reuired for M,C* 5,% is availa!le for [1 Marks]

A) Cnly +ndi"iduals ot#er t#an N'+s and (+CsB) +ndi"idual +ncluding N'+ and (+CsC) ,ndividuals ,nluding , !ut not %,*sD) +ndi"iduals including (+Cs but not N'+s

Q. 21) ,ntial %hase of


16/53

Q. ##) ,f a sheme is launhed in the seond 5,; months of finanial 8ear the the 1st update of the 5,D is due ithin [1 Marks]

A) >it#in 3 mont#s of t#e end of t#e financial ?ear B) With # months from the !egining of e$t finanial 8earC) >it#in 3 mont#s from t#e end of t#e ne*t financialyear D) >it#in = mont#s of t#e end of t#e financial ?ear

Q. #&) !ased on fundamental anal8sis . [1 Marks]

A) loer is li0el8 to !e the 8ield on the de!t seurit8 . [1 Marks]

A) %'0EB) FA


17/53

Q. &) +ver8 sheme should have at least JJJJJJJJJJ investors . [1 Marks]

A) 1.B) 27C) 6.D) 38

Q. &3) JJJJJJJJJJ funds ta0e %ositions that are ountrar8 to the mar0et . [1 Marks]

A) %#ematic FundsB) Mid cap fundsC) Contra fundsD) Di"idend yield funds

Q. '7) hih invest in seurities of up 31 da8s maturit8 > have the JJJJJJJJJ ris0 amongest all 0inds of shemes . [1 Marks]

A) ig#er B) the statement > O Mutual fund investments are su!"et to mar0et ris0s> read the offer doument arefull8 !efore investing P is to !e

displa8ed at least JJJJJJJJJ inhes height . [1 Marks]

A) =B) :C) .D)

Q. (1) ,f a sheme is launhed in the first ( months of the finanial 8ear then the first update of the 5,D is due ith in JJJJJJJJ months of the end of the

finanial 8ear . [1 Marks]

A) 6B) =C) .D) #

Q. (2) o single investor shall aount for more than 27= of the orpus of the shemeplans. [1 Marks]


18/53

A) %'0EB) FA mutual funds shall provide the aount statement K5,%5%) to the investorEs ithin JJJJJJJJJJ

or0ing da8s from the reeipt of suh reuest ithout an8 harges . [1 Marks]

A) 'B) 18C) -D) 1.

Q. (') he mutual fund ould update the urrent e$pense ratios on the e!site ithin JJJJJJJJJ or0ing da8s mentioning the effetive date of the hange . [1Marks]

A) .B) -C) 2D) 18

Q. (() *ffer douments of mutual fund shemes are approved !8 5+B, . [1 Marks]

A) %'0EB) FA depositories> ustodians and registrars - transfer agents in the ountr8 . [1 Marks]

A) '+B) 5+B,C) !MF+D) !ll of t#e abo"e

Q. () he o!"etives of AMF, isare JJJJJJJJJJJJ . [1 Marks]

A) %o recommend and (romote best business practicesB) %o interact ,it# t#e securities and E*c#ange oard of +ndia SE+ C) %o represent to t#e Go"ernment 'eser"e bank of indiaD) All of the a!ove

Q. (3) O o generate inome !8 investing predominantl8 in ide range of de!t and mone8 mar0et seurities O is an o!"etive of JJJJJJJJJ . [1 Marks]

A) Di"ersify equity Sc#emeB) Diversif8 De!t 5hemeC) balanced sc#emeD) None

Q. /7) ,nstitutional Distri!utors Build eah through [1 Marks]

A) EmployeesB) !gentsC) Sub rokersD) An8 of the A!ove

Q. /1) he distri!utor an harge fees from the ,nvestor [1 Marks]

A) :+B) F!)SE

Q. /2) he differene !eteen A9 and repurhase prie is [1 Marks]

A) Entry )oadB) +$it


19/53

A) :+B) F!)SE

Q. /) Mutual Fund an0ing and rating amount to same [1 Marks]

A) %'0EB) FA entire value of the Hold has to !e paid [1 Marks]

A) %'0EB) FA


20/53

A) :+B) F!)SE

Q. 3#) he primar8 o!"etive of the Finanial %lanner is to ma0e availa!le the right amount of mone8 at the right time. [1 Marks]

A) :+B) F!)SE

Q. 3&) he third stage of the ealth 8le is [1 Marks]

A) !ccumulationB) %ransitionC) 'eapingD) ,ntergenerational ransfer

Q. 3') ,n man8 health insurane poliies> the ustomer has to !ear the e$penses and that an get reim!ursed from the ,nsurane ompan8 [1 Marks] QQ

A) :+B) F!)SE

Q. 3() is0 appetitte as no of dependant men!er inreases [1 Marks]

A) DereasesB) +ncreasesC) No c#angeD) !ny of t#e abo"e

Q. 3/) Man8have made availa!le the ris0 profiling tool on their e! sites [1 Marks]

A) !M&sB) 'esearc# ousesC) BothD) None of t#is

Q. 3) is the deision outome !ased on the mar0et !ehaviour [1 Marks]

A) atial Asset AlloationB) Strategic !sset !llocationC) Fle*ible !sset !llocationD) Fi*ed !sset !llocation

Q. 33) Man8 Finanial advisor or0 on the Model %ortfolio [1 Marks] A) :+B) F!)SE

Q. 177) Whih are the aspets that affet the is0 profiling of the investors? [1 Marks]

A) Family +nformationB) Financial +nformationC) (ersonal +nformationD) All of the a!ove


21/53

Q. 1) Ban0 lends against [1 Marks] A) pledged unitsB) Di"idendC) NominationD) 'edemption

Q. 2) 5,D is approved !8 [1 Marks] A) +n"estor B) Sponsor C) AMC and rusteeD) &ustodian

Q. #) Cutoff time for A9 [1 Marks] A) decided by !M&B) same for all sc#emeC) by trusteeD) %resri!ed !8 5+B,

Q. &) preparation of W, so it is !etter to avoid [1 Marks] A) %'0EB) FA


22/53

Q. 13) he first ever mutual fund sheme in ,ndia as launhed in [1 Marks]

A) 13(&B) 1:.1C) 1:-8D) 1::9

Q. 27) ,nvestors !u8 units of openended funds during the ontinuous offer at the [1 Marks]

A) NFC priceB) Mar0et %rieC) ot#D) none of t#e abo"e

Q. 21) he investment o!"etive of hih of these funds ould !e to see0 apital appreiation? [1 Marks]

A) Di"idend yield fundB) Hroth FundC) )iquid FundD) +ncome Fund

Q. 22) ,f e have a vie that gold prie ill appreiate> hih mutual fund sheme should e invest in? [1 Marks]

A) Gold sector B) Gilt edged securitiesC) +nde* fundD) Hold +F

Q. 2#) *ne of the advantage if +F is.. [1 Marks]

A) +n"estor can see ,#ere #is money is in"estedB) %#ese sc#emes can generate #ig#er returns t#an mutual fund5C) ,nvestors an !u8 of sell units on sto0 e$hanges atprie that losel8 tra0 valuation at that time.D) E%F offer ta* benefits5

Q. 2&) Mutual funds are onstituted in ,ndia as a.. [1 Marks]

A) &ompaniesB) rustC) (artners#ip firms5D) NGC

Q. 2') Mutual fund sponsor an !e ompared to .. [1 Marks]

A) ! depositor in companyB) ! company director C) %romoter of a ompan8D) &EC

Q. 2() Whih of these entities ena!les olletion and pa8ment of fund. [1 Marks]

A) roker B) anker C) - Agents>D) &ustodian

Q. 2/) he onstituents of mutual fund are appointed ith the approval of .. [1 Marks]

A) Sponsor B) rusteesC) SE+D) !M&

Q. 2) he applia!le guidelines for mutual funds are set out in 5+B, KMutual Fund) regulation> 133(.. [1 Marks]

A) :+B) F!)SE

Q. 23) Ban0 sponsored mutual funds are also regulated !8 [1 Marks] A) !MF+B) Stock E*c#angesC) '+D) 5+B,

Q. #7) AMF, ode of ethis presri!es that mutual fund sheme portfolios should !e managed in interest of [1 Marks]

A) +dentified class of unit #older B) All lasses of unit holdersC) 'etail indi"idualD) +nstitutional unit #olders

Q. #1) Although AH, is mandated. there are no penalties for !reah of ode of ondut. [1 Marks] A) :+B) F!)SE

Q. #2) Uo ahieve groth !8 investing in euit8 and euit8 related investments> !alaned ith inome generation !8 investing in de!t and mone8 mar0et

instrumentsU is li0el8 to !e the investment o!"etive of JJJJJJJJJJJ . [1 Marks]

A) Equity fundB) Money market fundC) Balane fundD) Debt Fund

Q. ##) Annual report of AMC should neessaril8 mention the unlaimed amount and the num!er of suh investors for eah sheme. [1 Marks]

A) :+B) F!)SE

Q. #&) :nit holders en"o8 rights to the asset of the funds... [1 Marks]

A) !ccording to t#e plan c#ooses by t#em5B) !s per decided by trusteesC) equally for all #oldersD) ,n proportion of holding


23/53

Q. #') For fund of fund A9 is to !e updated online in the e!site of AMF, and the mutual fund e!site.. [1 Marks]

A) efore : pm same dayB) Before 17 am folloing da8C) after 18 pm same dayD) efore : pm follo,ing day

Q. #() Whih of the folloing is not a mandator8 servies standard as per 5+B,. [1 Marks]

A) (eriodic disclosure of t#e fund@s #oldingB) (eriodic disclosure of !M&@c accountsC) *nline purhase and sells of unitsD) Dispatc# of di"idend ,it#in 38 days

Q. #/) ,nvestors an sue trustees for !reah of trust. [1 Marks] A) :+B) F!)SE

Q. #) Whih of the folloing is the funtion of an offer doument [1 Marks]

A) %o enable comparison of MFsB) %o gi"e t#e FM@s commentary on marketC) %o report t#e performance of sc#emeD) o give investors information a!out sheme

Q. #3) F* other than +


24/53

Q. '2) ransfer of investment from one sheme to another is alloed [1 Marks] A) :+B) F!)SE

Q. '#) ,f the investor ishes to hange the distri!utor [1 Marks]

A) Le ill need to give ritten reuest to the fund houseB) #e needs to gi"e t#e NC& from pre"ious distributor C) !M& may allo, or disallo,D) !ll of abo"e

Q. '&) ,nvestor an sue the trust for !reah of trust [1 Marks] A) %'0EB) FAC,* has limited role in deiding itEs struture [1 Marks] A) %'0EB) FA


25/53

Q. () Whih fund has highest ris0? [1 Marks] A) )iquidB) ,nomeC) GsecuritiesD) )iquid (lus

Q. (3) Childhood - transition phase is ommon in life 8le - ealth 8le? [1 Marks] A) %'0EB) FA


26/53

Q. ') AMF, is a 5* ? [1 Marks] A) %'0EB) FA


27/53

Q. 1) Commodit8 as an asset lass does not inlude V1 Mar0s A) Fi!erB) 5piesC) +nerg8D) Art

Q. 2) Finanial %lanning is "ust a proess and so Finanial %lanner an use an8 profile found in the e! [1 Marks]

A) %'0EB) FA


28/53

Q. ) ,ndian investor in a :5 X !ased fund !enefit hen X !eomes [1 Marks]

A) >eak B) 5trongC) Euro ecomes >eak D) Steady

Q. 3) :nderstanding the ps8holog8 helps in ris0 profiling [1 Marks]

A) :+B) F!)SE

Q. 17) 5eurities of a fund are held !8 [1 Marks]

A) CustodianB) !M&C) '$%D) roker

Q. 11) is0 ma8 !e defined as [1 Marks]

A) !sset !llocationB) ig# %ransaction &ostC) (ortfolio re balancingD) %ro!a!ilit8 finanial


29/53

Q. 2') Fundamental Anal8st are also alled U ChartistU [1 Marks] A) %'0EB) FA this is [1 Marks]


30/53

A) !sset !llocationB) Finanial HoalC) !ppreciationD) Financial (lanning

Q. ) ,n ,ndia one an invest in MF onl8 through distri!utor [1 Marks] A) %'0EB) FA


31/53

Q. (1) Ban0 on reeipt of mone8 from a!road issue [1 Marks]

A) +E&B) F,CC) M+N K Folio

Q. (2) Mutual Fund investor anEt pledge units [1 Marks]

A) %'0EB) FA


32/53

Q. /() :naudited report has to !e pu!lished in nespaper ever8 [1 Marks]

A) 3 mont#sB) ( monthsC) 16 mont#sD) 3 financial year

Q. //) a$ differal is advantage [1 Marks] A) HrothB) Di"idend payoutC) Di"idend rein"estD) &apital gain

Q. /) Foreign e$hange an !e remitted through [1 Marks] A) NEF%B) '%GSC) 5W,FD) !ll of t#e abo"e

Q. /3) he e$pense ratio is affeted !8 [1 Marks]

A) Fund sieB) !"erage account siBeC) (ortfolio compositionD) Stock market conditions

Q. 7) ,n a mutual fund investors su!sription are aounted for as [1 Marks]

A) )iabilitiesB) :nit apitalC) DepositsD) None of t#e abo"e

Q. 1) A dislosure should !e made in the offer doument if an AMC has invested more than the folloing perentage of its net assets in group ompanies. [1Marks]

A) 85.B) 7.2'C) 859D) 851

Q. 2) *pen ended fund an invest in unlisted seurities up to [1 Marks]

A) 7.7'B) 8589-.C) 858=D) 858.6.

Q. #) Fund of Fund sheme invest in [1 Marks]

A) Mutual Fund shemeB) +nternational fundC) +nde* fundD) Gilt fund5

Q. &) After F* in a losed ended fund 8ou an purhase units at [1 Marks]

A) &urrent N!4B) )ess t#an N!4C) More t#an N!4D) :nits annot !e purhased

Q. ') A sheme an distri!ute dividend on its [1 Marks]

A) ealied profit.B) (rofit after ta*C) realiBed $ non realiBed profitD) none of t#e abo"e

Q. () A nel8 married ouple should invest into [1 Marks]

A) Debt fundB) alance fundC) +uit8 fundD) )iquid Funds

Q. /) ,f an investor ants to invest in Mutual fund through e$hange platform he an !u8 from [1 Marks]

A) E*isting in"estor B) Bro0erC) !M&D) Distributor

Q. ) 5tandard ris0 fators are [1 Marks]

A) anges from sc#eme to sc#eme5B) Common for all shemeC) ot#D) None of abo"e

Q. 3) he presene of mar0et ma0ers provide liuidit8 in ase of +F [1 Marks] A) :+B) F!)SE

Q. 37) et asset s.'77r. total transation value is s. 1777 r hat is portfolio turnover ratio [1 Marks]

A) 85.B) 2C) 1D) data insufficient

Q. 31) Avg net asset of sheme is #777>total transation of a sheme 17>777 hat is portfolio turnover ratio [1 Marks]

A) 853B) 9C) #.##D) .


33/53

Q. 32) What is an ideal setor alloation in a setoral fund [1 Marks] A)


34/53

Q. 1) Whih one of the folloing is not an eligi!le investor? V1 Mar0s

A) ,nsurane CompaniesB) Hovt ,nstitutionsC) Foreign CitiensD) %rovident Fund

Q. 2) For a ustomer holding units in demat > the AMC also reuires to do his 4GC ? [1 Marks]

A) %'0EB) FA hih A9 ill 8ou get ? [1 Marks]

A) Ne*t day N!4B) 5ame da8s losing A9C) (re"ious day N!4D) &losing N!4 of t#e day preceding ne*t business day

Q. /) What is the DD for an individual in liuid fund ? [1 Marks] A) 7.2'B) 856C) 8513D) 851

Q. ) ,f lient invest in liuid fund at 11.#7 am and the fund gets leared on the same da8 hih A9 the lient gets ? [1 Marks]

A) Ne*t day N!4B) &losing N!4 of t#e day preceding ne*t business dayC) Same days closing N!4D) %revious da8s losing A9

Q. 3) What is true a!out premium paid in a life insurane ompan8 ? [1 Marks]

A) &ustomer can decide premiumB) %remium an !e availed under 5e 7 C) (remium can be s#o,n as e*pD) (remium is "olatile

Q. 17) he person ith hom the units are pledged is 0non as [1 Marks] A) (ledger B) %ledgee

Q. 11) What is the highest e$pense ratio in a Fund of Fund sheme ? [1 Marks] A) 656./B) 15-./C) 7./'=D) 15.8/

Q. 12) 5+B, is sole regulator8 authorit8 for MF are ansera!le [1 Marks] A) :+B) F!)SE

Q. 1#) Lo is ompan8 fi$ed deposit ompare to !an0 fi$ed deposit ? [1 Marks]

A) )o, 'isk B) ig#ly 4olatileC)


35/53

Q. 1() A onservative investor need not !e advised to invest in ? [1 Marks]

A) Gilt FundB) )iquid FundC) Ligh Gield Bond FundD) S#ort %erm (lan

Q. 1/) he e %ension sheme is !oth regulated ,DA and %FDA as it has an insurane omponent ? [1 Marks]

A) %'0EB) FA+F%D) H5

Q. 13) Whih of the folloing is a finanial asset ? [1 Marks]

A) Hovt 5eurit8B) GoldC) 'eal EstateD) None of t#e abo"e

Q. 27) Whih of the folloing is an 5* ? [1 Marks]

A) !MF+B) SE+C) B5+D) '+

Q. 21) F* other than +


36/53

Q. #1) ,nitial issue e$pense that an !e harged to fund [1 Marks]

A) , Dividend arued !ut not reeivedY rore> lia!ilities Y 2 rore otal no of outstanding units is /' la0hs. What ill !e the A9

of the sheme? [1 Marks]

A) 688B) 217.(/C) 613533D) None of abo"e5

Q. &&) ,nvestor selets an MF !ased on [1 Marks]

A) +n"estment (#ilosop#yB) +n"estment StrategyC) +n"estment (olicyD) ,nvestment *!"etive

Q. &') JJJJJJ has !een appointed !8 rustee [1 Marks]

A) &ustodianB) ' $ %C) AMCD) Distributor

Q. &() is0 Ma8 !e defined as [1 Marks]


37/53

A) !sset !llocationB) ig# %ransaction &ostC) Finanial


38/53

Q. (#) he guideline issued !8 AMF, for intermediaries are 0non as [1 Marks]

A) AH,B) !&EC) !MF+D) None of t#e abo"e

Q. (&) ime stamping arrangements is must for [1 Marks]

A) Cffices of DistributorsB) !M& CfficesC) ank Distributors ranc#D) *ffies delared as point of aeptane

Q. (') :naudited aounts of the sheme must !e pu!lished in the nes paper [1 Marks]

A) E"ery 3 mont#sB) +ver8 ( monthsC) E"ery 16 mont#sD) None of t#e abo"e

Q. (() An ,nvestor ,nvests s 177777 in a #(' da8s FM% and got s 17//'7> hat ould !e apital gain in this ase ? [1 Marks]

A) //'7B) -.8C) +nsufficient DataD) 1888

Q. (/) 5 is harged on [1 Marks]

A) Equity S#are %radingB) Deri"ati"e %radingC) Equity MFD) All of the A!ove

Q. () An investor plans to invest s 12777 in a sheme hose A9 is s 12> ho man8 units he ill li0el8 to !e o!tained [1 Marks]

A) hih of the folloing is more important [1 Marks]

A) eta &oefficientB) (ast performanceC) ra0ing errorD) 'Squared

Q. /2) he fund sponsors should have a sound finanial tra0 reord of [1 Marks]

A) 16 mont#sB) 3 ?earsC) ' GearsD) - ?ears

Q. /#) What is the urrent %%F ate ? [1 Marks] A) -5.8/B) -5-./C) .77=D) 75.8/

Q. /&) Father ants his son to !e a dotor and stud8 ill start after ' 8ears. he urrent e$pense is 2'77777. Lo to alulate the e$pense after ' 8ears [1 Marks]

A) ! R ( K 1Kr L n O 1B) A Y % $ K16r) N nC) ! R ( H 1Kr L 1Hn O 1D) ! R ( H 1Kr L n

Q. /') Whih of the folloing has loest ris0 ? [1 Marks]

A)


39/53

Q. /3)


40/53

Q. 3) is0 an !e measured !8 [1 Marks] A) 4arianceB) Standard De"iationC) etaD) An8 of the a!ove

Q. 33) Aording to the Certified Finanial %lanner Board of 5tandards K:5A)> the third stage in Finanial %lanning is [1 Marks]

A) Establis# and Define t#e client planner relations#ipB) Gat#er client dataC) Define client goalsD) Anal8se and +valuate ClientEs Finanial 5tatus

Q. 1) ,n ase of mar0et orretion JJJJJJJ > ta0es more hit than JJJJJJJ Fund. V1 Mar0s

A) Hroth > 9alueB) Momentum > 9alueC) 9alue > HrothD) Hroth > momentum

Q. 2) 5ponsorEs net orth should !e positive for [1 Marks] A)


41/53

Q. 11) Whih of the folloing need not !e inluded in 4,M? [1 Marks]

A) Detail of sponsorB) Minimum in"estment amount and cut off timeC) 'isk profile of t#e sc#emeD) Cpening and closing dates of NFC

Q. 12) As per inome ta$ at> Ar!itrage Funds are ta$ed as per de!t sheme [1 Marks]

A) %'0EB) FA A9 date ill !e [1 Marks]

A) N!4 at 6538pmB) N!4 at 3pmC) Same day N!4D) A9 of fund realiation date

Q. 1/) Who allots Amfi egistration um!er? [1 Marks]

A) AMF,B) SE+C) !M&D) none of t#e abo"e

Q. 1) Whih distri!ution hannel donEt have a huge !ranh netor0? [1 Marks]

A) +nstitutionB) &orporate distributor C) ank D) ,FA

Q. 13) Dividends in the hands of investors are ta$a!le at the rate of [1 Marks] A) 18/B) 1./C) 33/D) a$ Free

Q. 27)


42/53

Q. 2/) ,nde$ against hih performane of a fund is measured> is alled [1 Marks]

A) %racking Error B) Benhmar0 C) +n"estment ob2ecti"eD) E*mark

Q. 2) FM% are essentiall8 a losed ended 5heme [1 Marks] A) :+B) F!)SE

Q. 23) he information regarding Whih ategor8 of investors an invest in MF> is given in [1 Marks]

A) *ffer doumentB) S!+C) M+ND) S+N

Q. #7) Who an not !e the distri!utor of the AMC [1 Marks]

A) +F!B) ank C) +mplo8ees of AMCD) !ll of t#e abo"e

Q. #1) Asset alloation means [1 Marks]

A) (utting all eggs in Same basketB) +n"esting according to MarketC) ,nvesting in different assetsD) in"esting only in Equity Gold and Sil"er

Q. #2) M,% is a De!t 5heme [1 Marks] A) :+B) F!)SE

Q. ##) Asset alloation should !e in line ith [1 Marks]

A) Financial GoalB) !ge of &lientC) 'isk !ppetiteD) All of the a!ove

Q. #&) A 8oung investor having o!"etive of apital appreiation should invest in [1 Marks]

A) G+)%B) )iquidC) +uit8D) debt

Q. #') ,n %5 lassC predominantl8 invests in [1 Marks]

A) EquityB) De!tC) GoldD) 'eal Estate

Q. #() FundEs ris0 relative to mar0et is measured !8 [1 Marks]

A) tracking error B) S#arps@ 'atioC) %reynor D) Beta

Q. #/) Whih one is false a!out de!enture [1 Marks]

A) ,ssued !8 %5:B) ig# credit risk C) +t #as maturityD) Duration is greater t#an 1 yr

Q. #) ,nvestor has read the *D and then the invested in the fund and fund goes don> then he [1 Marks]

A) Gets remedy from SE+B) Cant sue the AMCC) Gets remedy from !M&D) Gets remedy from NSE

Q. #3) 5 harge on [1 Marks]

A) equity Deri"ati"esB) Equity MFC) Equity Sc#emesD) All of A!ove

Q. &7) Whih funtion AMC anEt do in house [1 Marks]

A) CustodianB) !ccountingC) DistributionD) Fund management

Q. &1) 9alue of Bond goes don hen [1 Marks]

A) +nterest rate goes do,nB) ,nterest rate goes upC) +'' goes do,nD) ?%M goes do,n

Q. &2) Whih one is not e$empted in ealth ta$ [1 Marks]

A) Gold sector fundB) Gold depositC) Gold E%FD) Hold


43/53

Q. ) ,nstitutional distri!utors needs to !e [1 Marks]

A) 'egistered ,it# SE+B) egistered ith AMF,C) )isted on stock e*c#angeD) !ll of !bo"e

Q. &&) 5tandard ris0 are [1 Marks]

A) 0ncommon to allB) Common to allC) Specific to a sc#emeD) Systematic

Q. &') euest for purhase an !e made [1 Marks]

A) +n units and amountB) +n units onlyC) +n units or amountsD) ,n amount onl8

Q. &() ,n %5 investors get hoie of the asset lass !ut donEt get hoie of investment manager [1 Marks]

A) %'0EB) FA transation time is applia!le [1 Marks]

A) %ime s#o,n in t#e computer of in"estor B) ime as e! per e! serverC) Mid nig#tD) Ne*t day morning

Q. &) ,f investors invest through demat an AMC as0s for 4GC reuirement [1 Marks]

A) %'0EB) FA euit8 e$posure should !e eual to [1 Marks]

A) !geB) 177ageC) !ge188D) 188/

Q. '7) Mutual fund is made up of [1 Marks]

A) (ool of trustees fundB) (ool of institutional in"estorsC) (ool of in"estment managersD) %ool of investment mone8

Q. '1) Who an not invest in mutual funds? [1 Marks]

A) Foreign ompaniesB) anksC) insurance companiesD) NF&

Q. '2) Whih is same as of *D? [1 Marks]

A) S+DB) 5,D65A,C) S!+D) I+M sumarry of S!+ K S+D5

Q. '#) An sheme open for su!sription after the approval of JJJJJJJJJJJJJ [1 Marks]

A) SE+B) !MF+C) :5++D) !M&

Q. '&) Mutual fund distri!utor in ,ndia are mem!er of AMF,. [1 Marks] A) :+B) F!)SE

Q. '') Mutual fund in ,ndia is regulated !8 5+B,KMutual Fund) at 133(. [1 Marks] A) :+B) F!)SE

Q. '() Whih of the folloing is appointed !8 trustee? [1 Marks] A) &ustodianB) Distributor C) AMCD) '$%

Q. '/) 4,M has to !e updated [1 Marks] A) %,ice in a year B) AuarterlyC) *ne in a 8earD) Cnce in t,o year

Q. ') Whih of the folloing is more ris08? [1 Marks] A) )iquid fundB) +nde* fundC) groth fundD) gilt fund

Q. '3) Material hanges in 4,M need to !e updated [1 Marks]

A) once in a year B) alf yearlyC) Whenever material hanges ta0e plaeD) Cnce in t,o year

Q. (7) Whih of the folloing fund investment help an eonom8 most [1 Marks]


44/53

A) 'eal estateB) Gold E%FC) De!t fundD) S#are of gold mining companies

Q. (1) ,f an investor ants full e$posure of gold his investment should !e into [1 Marks]

A) Gold E%FsB) (#ysical goldC) S#ares of gold mining companyD) All of the a!ove

Q. (2) ,f an investor invest 1 la0h rupees in a de!t fund after #(' da8s itEs value is 17//'( hat is CAH? [1 Marks]

A) /./'=B) -59-/C) 18/ or 68/ ,it# inde*ationD) insufficient data

Q. (#) ,f an investor invest s.177>77>777 in +uit8 MF 5heme at #.#7 pm through outstation heue he ill get A9 of [1 Marks]

A) Same day closing "alueB) When fund gets reditedC) (re"ious day closing "alueD) Ne*t day closing "alue

Q. (&) rail ommission to advisor helps in [1 Marks]

A) etaining the investor for long term.B) (ortfolio urningC) Ne, client acquisitionD) None of t#e abo"e

Q. (') +$it load JJJJJJJJJJ [1 Marks]

A) +s ame for all sc#emesB) +s same for all amc@sC) 4aries from in"estor to in"estor D) 9aries from sheme to sheme.

Q. (() Goung married ouple should invest in the folloing euit8 - de!t ratio [1 Marks]

A) .8T.8B) =.T3.C) 188T88D) 727

Q. (/) Whih fund is an ativel8 managed fund? [1 Marks]

A) +nde* fundB) Di"ersified equity fundC) Gro,t# fundD) B-C

Q. () Arrange in orret seuene [1 Marks]

A) 'isk profile fund allocation portfolio construction5B) is0 profile> portfolio onstrution> fund alloation.C) (ortfolio constructionrisk profile fund allocation5D) Fund allocation5 risk profile portfolio construction

Q. (3) Whih of the folloing is against the ethis - Code of ondut guide line of AMF, [1 Marks]

A) Churning investorEs mone8 to get !etter returnsB) !ll t#e associates of a distributor s#ould be amfi appro"ed5C) Ieeping t#e interest of all unit #oldersD) !ll of t#e

abo"e

Q. /7) Minimum ontri!ution of a sponsor in an AMC should !e [1 Marks]

A) .8588/B) =8588/C) &7.77=D) 6.588/

Q. /1) An investor is suggested to 0eep his investment portfolio in the ('#' ratioKeuit8 -de!t) for all time it is a [1 Marks]

A) %actical portfolio5B) 5trategi portfolio.C) fi*ed portfolioD) "ariable portfolio5

Q. /2) %A ard is not reuired in ase of [1 Marks]

A) N'+B) Minor $ Senior &itiBenC) &orporate institution $ trust5D) one of the a!ove

Q. /#) FM% an give !etter interest than a Ban0 Deposit. [1 Marks] A) :+B) F!)SE

Q. /&) he insurane assoiated ith ne pension shemes are regulated !8 [1 Marks]

A) (F'D! K +'D!B) +'D!C) %FDAD) None of t#e abo"e5

Q. /') ,n ,ndia mutual funds are [1 Marks]

A) Go"t5 institutionsB) &ompanyC) rustD) NF&


45/53

Q. /() ,nitial issue e$penses in a liuid fund has to !e [1 Marks]

A) 7B) 8588816.C) 856. percentageD) none of t#e abo"e

Q. //) A shemes A9 value inreases for the period of 2 8rs . it ill sho [1 Marks]

A) !bsolute returnB) Simple returnC) ompounded annualied returnD) all of t#e abo"e

Q. /) ,n 4,M it has !een mentioned that the ('= investment ill !e in euit8 and euit8 related instrument. this is alled [1 Marks]

A) %oli8 of shemeB) Cb2ecti"e of sc#emeC) portfolio of sc#emeD) None of t#e abo"e5

Q. /3) 4,M is attahed ith ? [1 Marks]

A) %ransaction slipB) Appliation FormC) ot# ! and D) Neit#er a nor b

Q. 7) Whih is tehnial anal8sis [1 Marks]

A) 9olume - prie !ehaviorB) Mark to marketC) book "alue analysisD) all of t#e abo"e5

Q. 1) Whih is an international fund [1 Marks] A) Foreign fundB) Gold fundC) ot#D) None of t#e abo"e5

Q. 2) Who 0eeps detail report of transation [1 Marks] A) &ustodianB) !M&C) - D) Distributor

Q. #) Formula to find out the 5tandard Deviation in e$el is [1 Marks] A) stdevB) sdC) stdde"D) stdd"

Q. &) ime stamp mahine ontains [1 Marks]

A) %ime stamping serial noB) Mac#ine identificationC) location codeD) all of the a!ove

Q. ') he e$peted return - 8ield of the sheme is mentioned in 4,M [1 Marks] A) %'0EB) FAeeklyC) AuarterlyD) once in financial year5

Q. /) ,f !eta of a sheme is less than one the the fund is [1 Marks]

A) More risky compare to marketB)


46/53

Q. 3#) 4GC is reuired for [1 Marks]

A) Guardian in case of minor B) 0FC) Sole proprietors#ip firmD) All of the a!ove.

Q. 3&) 4GC is ompulsor8 [1 Marks]

A) For ever8 investmentB) .8888C) .8888 and abo"eD) first time in"estment

Q. 3') Formula for CAH alulation is [1 Marks]

A) +nterest J No of yearsB) (1(8H(CJ188C) KK+nd 9alue5tart 9alue)NK1K%eriod)) 1D) None of abo"e

Q. 3() he A9 of a fund is 1' applia!le e$it load is 1=> purhase A9 ould !e [1 Marks]

A) 1957.B) 1'C) 1.56.D) 1.5=.

Q. 3/) ,n ase of !reah of Code of ondut liense is aneled !8 [1 Marks]

A) AMF,B) SE+C) Sponsor D) !M&

Q. 3) Whih is true in ase of %%F? [1 Marks]

A) (artial ,it#dra,al facility is a"ailable after one year B) ,nvestment - return are ta$ free.C) ot#D) None of t#e abo"e

Q. 33) A fi$ed term plan series is [1 Marks]

A) !s open ended fundB) A losed ended fundC) ! fi*ed term bank depositD) ! fi*ed term corporate bond

Q. 177) he %+ ratio is an important measure of a ompan8Es antiipated performane. it is alulated using. [1 Marks]

A) Market price and di"idendB) Mar0et prie and earning per shareC) Market capitaliBation and di"idendD) Market price and face "alue

Q. 1) A mutual fund distri!utor is paid ommission for.. V1 Mar0s

A) First ' 8ears of ,nvestment done !8 investorB) First # 8ears of ,nvestment done !8 investorC) First 17 8ears of investment done !8 investorD) As long as

investor held the investment


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Q. 2) he guideline issued !8 AMF, for intermediaries are 0non as... [1 Marks]

A) AH,B) !&EC) !MF+D) none of abo"e

Q. #) he investment in MF portfolio are valued at [1 Marks]

A) Face "alue of portfolioB) cost of in"estmentC) Mar0et value of portfolioD) ook "alue of portfolio

Q. &) +$it loads are generall8 loer for large investors. [1 Marks] A) %'0EB) False

Q. ') ime stamping arrangement is must at.. [1 Marks]

A) Cffices of distributorsB) !M& officesC) ank distributor@s branc#D) *ffies delared as point of aeptane.

Q. () 5+B, has put a stop on harging JJJJJJJJJJJJ to the sheme. [1 Marks]

A) E*it loadB) +ntr8 hat is apital gain in this ase? [1 Marks]

A) //'7B) -.8C) +nsufficient detailsD) 18/ (lus surc#arge or 68/ after inde* benefit

Q. 17) Whih of the folloing is true [1 Marks]

A) S%% is payable ,#en in"estor purc#ase equity MFB) 5 is pa8a!le hen investor does redemption from euit8 MFC) S%% is payable ,#en in"estor purc#ase debt

MFD) S%% is payable ,#en in"estor sale debt MF

Q. 11)


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A) 0FB) Non +ndi"idualC) ,D) (+C

Q. 1) , an not ma0e repartition investment in MF using demand draft. [1 Marks]

A) %'0EB) FA ho man8 units is he li0el8 to !e o!tained. [1 Marks]

A) fund is availa!le and time is 12.#7. A9 ould !e applia!le for the JJJJJJJJ [1 Marks]

A) Ne*t ,orking dayB) Same dayC) Closing A9 of Da8 immediatel8 preeding the date of appliation D) &losing N!4 of Day immediately preceding ne*t businessday

Q. 21) ,nvestor invest '7 la0h in H, onstant amounts orth of units at regular interval !asis is alled [1 Marks]

A) S+(B) S%(C) 5W%D) 4alue in"estment

Q. 2') A ompan8Es %+ ratio ma8 !e lo !eause it is unli0el8 to repliate itEs past performane [1 Marks]

A) :+B) F!)SE

Q. 2() Fundamental anal8sts are alled UChartistsU [1 Marks] A) %'0EB) FA investment less than # months old. hih return ould !e alulated? [1 Marks]

A) %otal returnB) CAH C) !bsolute returnD) Simple annualiBed

Q. 23) ,n ase of euit8 fund> if fund has higher alloation to ash in !ullish mar0et the performane is li0el8 to.. [1 Marks]

A) e comparable to t#at of benc#mark inde*B) Be orse than !enhmar0 returnC) etter t#an benc#mark returnD) cant say

Q. #7) C,5, gold pries [1 Marks] A) Go do,nB) Ho upC) 'emain steadyD) Mirror equities

Q. #2) %erformane of fund must ala8s !e measured relative to the. [1 Marks]

A) +nde*B) Benhmar0 C) !sset &lassD) +n"estment ob2ecti"e

Q. ##) Differene !eteen shemeEs atual return and optimal return for itEs ris0 is [1 Marks]

A) S#arpeB) %reynor C) AlphaD) Spread


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Q. #&) While evaluating return for an inde$ fund aross a peer group> hih of the folloing is more important? [1 Marks]

A) E%! &oefficientB) (ast performanceC) ra0ing errorD) 'squared

Q. #') Balane funds are for [1 Marks]

A) !ggressi"e in"estorsB) #ig#ly aggressi"e in"estor C) Moderate onservativeD) ig#ly conser"ati"e

Q. #() he loer ris0 among euit8 fund is [1 Marks]

A) +nde* FundB) 4alue FundC) Dividend 8ield fundD) Gro,t# fund

Q. #/) %ro!a!ilities of losing mone8 in euit8 is negligi!le if investment horion is for at least [1 Marks]

A) = mont#sB) ' 8earsC) 1 yearsD) 3 years

Q. #) eturns in international fund is dependent on [1 Marks]

A) E*c#ange ratesB) !sset class performanceC) Both of the a!oveD) None of t#e abo"e

Q. #3) Mutual funds in ,ndia are not permitted to invest in [1 Marks]

A) GoldB) 'eal estateC) ArtD) SeculariBed debt

Q. &7) A value fund is e$peted to have JJJJJJJJ e$posure to front line sto0s [1 Marks]

A) EntireB) ig#C) alf of it@sD)


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Q. &3) ,nvestor in MF an hoose asset lass !ut not investment manager [1 Marks] A) :+B) F!)SE

Q. '7) Finanial %lanning ,nvolves [1 Marks]

A) elping client to select t#e out performing stock B) Assessing the lients finanial informationC) !d"ising client to in"est only in secured in"estmentsD) None of t#eabo"e

Q. '1) 9alue sto0s [1 Marks]

A) a"e #ig# current di"idendB) ?ield #ig# gro,t# in earningC) Are urrentl8 under valuedD) None of t#e abo"e

Q. '2) A !etter performane than the return on inde$ is given !8 [1 Marks]

A) (assi"e fund manager B) An ative fund managerC) !ll fund managersD) Non fund manager

Q. '#) +merging or ne hannel for distri!utorsmar0eting of mutual funds in ,ndia is [1 Marks]

A) +nternetB) Stock E*c#angeC) All of the a!oveD) None of t#e abo"e

Q. '&) rail ommission means pa8ing [1 Marks]

A) No commission at allB) %#e entire commission upfrontC) %art of ommission up front and !alane in phasesD) %#e entire commission after fi"e years

Q. '') Agents are ompensated !8 mutual funds [1 Marks]Z

A) %#roug# salariesB) hrough ommissionC) %#roug# an annual feesD) Not in cas# but in kind

Q. '() he fund sponsors should have a sound finanial tra0 reord of [1 Marks]

A) - yearsB) ' 8earsC) 16 mont#sD) 3 years

Q. '/) Whih of the folloing are self regulator8 organiationK5*) [1 Marks]

A) B5+B) SE+C) !MF+D) '+

Q. ') Ban0 oned mutual fund are supervised !8 [1 Marks]

A) 5+B,B) ointly by SE+ $ '+C) '+D) !MF+

Q. '3) A passive fund manager [1 Marks]

A) 'esearc#es stocks e*tensi"elyB) Does not buy and sell stocks oftenC) Does not have to go through the proess of sto0 seletion D) Does not #a"e to track stocks

Q. (7) De!t seurities !ought at a disount to their fae value are generall8 [1 Marks]

A) +nterest bearingB) Sero oupon !ondsC) (aying interest at a floating rateD) None of t#e abo"e

Q. (1) When interest rates rise> !ond pries [1 Marks]

A) !lso riseB) !re not affectedC) FallsD) Fluctuate eit#er up or do,n

Q. (2) he maturit8 period of B, relief !onds is [1 Marks] A) ' 8earsB) - yearsC) = yearsD) 7 years

Q. (#) A trail ommission is "ustified hen [1 Marks]

A) !n in"estor cancels #is in"estmentB) %#e in"estor redeems #is in"estment in a "ery s#ort timeC) !n agent in"ests #is o,n money not t#at of clientD) An Agent retainthe ,nvestment


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Q. (&) A de!t fund distri!utes 17= dividend . ho muh ta$ does the investor have to pa8 on this dividend [1 Marks]

A) 18588/B) 68588/C) 16588/D) one

Q. (') What is the urrent %%F rate [1 Marks]

A) .77 %erentageB) 75.8 (ercentageC) -5-. (ercentageD) -5.8 (ercentage

Q. (() What is the reurring e$pense on first 177 r for euit8 shemes [1 Marks]

A) 6588 (ercentageB) 15-. (ercentageC) 656. (ercentageD) 2.'7 %erentage

Q. (/) is0 ad"usted return is measured !8 [1 Marks]

A) S#arpe ratioB) Standard de"iationC) %reynor ratioD) A - C

Q. () ,ntra da8 trading an !e done on the !asis of [1 Marks]

A) Fundamental analysisB) ehnial anal8sisC) Economic analysisD) (olitical analysis

Q. (3) Mid ap sto0s are ris08 in the time of [1 Marks]

A) oomB) eession+onomi turmoilC) (olitical instabilityD) !ll of t#e abo"e

Q. /7) Who Appoints the AMC [1 Marks]

A) &ustodianB) '$%C) rusteeD) Distributors

Q. /1) Whih of the folloing has loest ris0 [1 Marks]

A)


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Q. 7) Whih of the folloing is true for model portfolio [1 Marks]

A) Stipulated by SE+B) Guaranteed by !M&C) Deided !8 finanial plannerD) &ommon across industry

Q. 1) As the no of earning mem!er in a famil8 inreases ris0 appetite [1 Marks]

A) ,nreasesB) DecreasesC) Stays constantD) None of abo"e

Q. 2) +uit8 investment through sip an !e suggested for investor loo0ing for [1 Marks] A)


53/53

Q. 3/) Whih of the folloing is not a funtion of - agent [1 Marks]

A) &reating maintaining and updating t#e in"estor recordB) 0pdating unit capital of fundC) (rocessing di"idends $ redemption payouts to in"estorsD) 5ettlinginvestment transation of the fund

Q. 3) %rior approval of 5+B, needs to !e ta0en !efore a person is appointed as trustee [1 Marks]

A) :+B) F!)SE

Q. 33) %erson> other than ,ndian residents> should also ompl8 ith B, guidelines for investment in ,ndian mutual funds [1 Marks]

A) :+B) F!)SE

Q. 177) he first step of finanial planning is [1 Marks]

A) E"aluating t#e "arious alternati"esB) data gat#ering and goal settingC) esta!lishing the lient planner relationshipD) (lan 'e"ie,

amfi paper

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