Umar Shaikh:

Chapter 1

1. ------------------------- offer Tax benefits u/s 80c to investors.a) Equity Linked saving scheme.b) Thematic Funds.c) Sector Fundsd) Arbitrage funds

2. PMS refers to -------------------------.a) Profit management schemeb) Public management schemec) Portfolio Management Schemed) Position Management

3. Types of Equity funds are ________________.a) Diversified Equity schemeb) Thematic Schemec) Sector Fundsd) All of the above

4) ____________________is like an index fund that invest in gold.

a) Gold funds b) Gold exchange traded fundc) Gold sector fundd) Any of the above

5) High yield bonds schemes is another name of __________________.

a) Gilt funds b) Diversified debt fundsc) Junk bonds schemesd) Fixed maturity scheme

6) ________________ are close ended schemes

a) Monthly income planb) Capital protected schemesc) Equity linked saving schemesd) Balance fund

Chapter 2

7) Who generally focus on large investors.

a) Direct sales teamb) Channel managerc) Adverting and sales promotion team d) Compliance officer

8) ______________ has custody of assets of the fund.

a) Fund manager b) Directorsc) Sponsorsd) Custodian

9) Day to day management of the Mutual fund scheme is handled by an ___________.

a) AMFIb) SEBIc) AMCd) SPONSORS

10) Collection banker are appointed by____________.

a) Fund managerb) Directorsc) AMCd) None of the above

11) Sponsors are responsible of the audit of account

a) Trueb) False

12) All custodian need to register with ______________.

a) AMFIb) SEBIc) RBId) None of the above

Chapter 3

13) A debt Scheme would need to invest at least ______________.

a) 50%b) 55%c) 65%

d) 60%

14) The investors can appoint a ____________ who will be entitled to the Units in the Units in the event of the demise of the investor/s.

a) Agent b) Nomineec) Any of the aboved) None of the above

15) Investors shall follow uniform performance reporting on the basis of total return.

a) True b) False

Chapter 4

16) AGNI refers to _______________.

a) AMFI Guidelines & norms for investorsb) AMFI Guidelines & norms for Intermediariesc) AMFI Guidelines & norms for investment

17) Within ____________ days of dividend declaration, warrants will have to be sent to investors.

a) 7 daysb) 10 daysc) 15 daysd) 30 days

18) In case of NFO of allotment of units or refund of moneys should be done with in _____________ business days of the closures of the scheme.

a) 7 days b) 10 daysc) 5 days d) 4 days

19) Regular update of scheme SAI is to be done by the end of ______________ months of every financial years.

a) 2 b) 6c) 5d) 3

20) Content of SAI are _____________.

a) Condensed financial information b) Rights of units holders c) Investment valuation normsd) All of the above

Chapter 5

21) After passing the examination, to sell the mutual fund the next stage is to register with AMFI.

a) True b) False

22) In audio-visual media, the statement “Mutual Fund investments are subject to market risks, read thee offer document carefully before investing” should cover at least ____________ of the total screen.

a) 5 secb) 6 secc) 4 secd) 7 sec

23) Trail commission is normally paid by the AMC on a _____________ basis.

a) Monthlyb) Weeklyc) Quarterlyd) Daily

24) Distributors can claims commission on investment made through them by their clients.

a) Trueb) False

25) Mutual fund transaction engines are ____________

a) NSEb) BSEc) Bothd) Either (A) or (B)

Sandeep Kokase:

Chapter 1.

1.The Mutual fund is constituted as

a. A Trust

b. A Private limited company

c. An asset management company

d. A trustee company

2.Investing in Mutual funds offers liquidity to investors.

a.True

b.False

3.Interval funds combine features of both open-ended and close ended schemes.

(a) TRUE

(b) FALSE

4. Investor wants to invest in only treasury bills and government securities. He will invest in

(a) Actively Managed Funds

(b) Diversified Funds

(c) Sector Funds

(d) Gilt Funds

5.A mutual fund is not

a. A portfolio of stocks, bonds and other securities

b. A company that manages investment portfolios

c. A pool of funds used to purchase securities on behalf of investors

d. A collective investment vehicle

6._____________ linked to a host fund

(a)Foreign Investment Fund

(b) International funds

(c)Feeder Funds

(d) Normal Funds

7. An open-ended fund has to be listed on an exchange.

a.True

b. false

8.Sensex stands for

(a) Securities Index

(b) Sensitive Index

(c) SEBI Securities

(d) Sector Index

9.ETFs are

(a) Exchange Tradable Funds

(b) Exchange & Traded Funds

(c) Exchange Traded Funds

(d) Exchange Trading Funds

Chapter 2

1.___________ are the main people behind the mutual fund operation

(a) RTA

(b) AUM

(c) Custodian

(d) Sponsors

2._________have a key role in selling suitable types of units to their clients i.e. the investors in the schemes

(a) Sponsors

(b) RTA

(c) Distributors

(d) Collecting Bankers

3.Sponsor must hold at least _________% of the AMC’s capital

a.20%

b.30%

c.40%

d.50%

4. AMC’s net worth has to be at least _________.

a.10crore

b.20crore

c.50crore

5.At least ____ of the trustees / directors on the Board of the trustee company, would need to be independent trustees [

1 Marks ]

(a) 1/3

(b) 2/3

(c) 4

(d) 1

6.The appointment of an AMC can be terminated by a _______ of the trustees, or by ____ of the Unit-holders.

(a) 75%,Majority

(b) Majority, Majority

(c) 75%,75%

(d) Majority,75%

7. _______ arranges for the requisite offices and infrastructure, engages employees, provides for the requisite software, handles advertising and sales promotion, and interacts with regulators and various service providers.

(a) RTAs

(b) Sponsors

(c) Custodian

(d) AMC

Chapter 3

1. Market Capitalization of a company can be calculated by multiplying the market price of the company's share by the total number of its outstanding shares in the market.

(a) TRUE

(b) FALSE

2. for call the money market the regulator is ……………& money market mutual funds are regulated by ________.

a.RBI, SEBI

b.SEBI, RBI

c.AMFI , RBI

3. SEBI regulates __________.

a. Mutual Funds

b. Depositories

c. Registrar & Transfer Agents

d. All of the above

4.The names and background of key personnel of the AMC

a. Need not be disclosed to investors

b. Are of no relevance as they may change

c. Are disclosed in the offer document

d. Are declared in newspaper advertisements

Chapter 4

1. The functions and responsibilities of the sponsor, AMC, trustees and custodian of the

mutual fund are listed in

a. Offer document only

b. Key information memorandum

c. Both offer document and key information memorandum

d. None of the above

2.The offer document and key information memorandum contain financial information for

a. All schemes of all mutual funds in the capital market

b. All schemes launched by the particular fund during the last 3 fiscal years

c. None of the schemes

d. Companies in which investment is proposed

3. An offer document contains an AMCs investor grievances history for the past

a. 1 fiscal year

b. 2 fiscal year

c. 3 fiscal year

d. Six months

4.The KIM has to be appended to every application form.

A.True

b.False

5. Once an investor signs on an application form it is assumed that he /she must

have read the offer document.

a.True

b.False

Chapter 5.

1. A passive fund invests in the same securities, in the same proportion as in an

_______.

a.index

b.gold

c.commodities

d.none of above

2. If the interest rate goes up, yield of bonds will go_____.

a.down

b.up

c.no change

3. AMCs pay a trail commission for the period the investment is held in the scheme.

a.True

b.False

4. Sectoral funds can invest more than 10% of its NAV in a single company.

a.True

b.False

5. If rating of bond is change from AA- to AAA the price of bond will_________&

the yield _______.

a.Rise, Decrease

b.decrease,rise

c.rise,rise

Yogesh Kangale

Chapter 1

1. Providing funds for a daughter’s marriage is an example of_________.

a. Goal oriented financial plan

b. Comprehensive financial plan

c. Financial goal

d. none of the above.

2. Money raised from investors ultimately benefits ___________.

a. Government

b. Companies

C. Both of the Above

d. none of the above.

3. Under the law, every unit has a face value of ___________.

a. 100

b. 1000

C. 0

d.10

4. Which schemes may have different face value than Rs 10 in the market?

a. older schemes

b. NFO

c. both of them

d. none of them

6. Capital of the Scheme is ?

a. The number of units multiplied by its face value

b. The number of units divided by its face value

c. Summation of number of units and its face value

d. Subtraction of number of units and its face value.

7. The true worth of a unit of the scheme is called

a. Net Asset Value (NAV)

b. Capital of Scheme

c. Asset under management (AUM)

d. None of the above.

8. The relative size of mutual fund companies is assessed by their

a. Net Asset Value (NAV)

b. Capital of Scheme

c. Asset under management (AUM)

d. None of the above.

9. Who is the regulator of mutual funds

a. Securities & Exchange Board of India (SEBI)

b. RBI

c. Insurance regulatory development authority (IRDA)

d. None of the above.

10. Diversification enables reduction of risk

a. True

b. False

11. Investors can buy units of a close-ended scheme, from the fund, only during its NFO.

a. True

b. False

Chapter 2

1. Mutual fund is managed by

a. AMC

b. Sponsor

c. Custodian

d. SEBI

2. Day to day management of the schemes is handled by

a. AMC

b. Sponsor

c. Custodian

d. SEBI

3. The unit holders are ___________owners and the trust is the __________owner of the mutual fund's assets.

a. beneficial, registered

b. indirect, direct

c. registered, beneficial

d. direct, indirect.

4. Distributors need to pass the prescribed certification test, and register with AMFI.

a. True

b False

5. Collection bankers are appointed by

a. AMC

b. Sponsor

c. Custodian

d. SEBI.

Chapter 3

1. SEBI regulates mutual funds, depositories, custodians and registrars & transfer agents in the country.

a. true

b. false

2. KIM means ____________.

a. Key Information management

b. Key Information Money

c. Key information memorandum

d. Key Information Market

3. In the event of delays in dispatching dividend warrants or redemption/repurchase cheques, the AMC has to pay the unit-holder, interest at the rate of ___________.

a. 20% p. a.

b. 15% p.a.

c. 10% p.a.

d. 25% p.a.

4. PAN No. and KYC documentation are compulsory for mutual fund investments in micro-SIP's

a. True

b. False

5. Statement of account (NFO) is to be sent to investors within _____ days of the allotment of units

a. 3

b. 5

c. 7

d. 15

Chapter 4

1. Application form is attached to _________.

a. SID

b. SAI

c.KIM

d. None of the above.

2. Under the SEBI guidelines, NFOs other than ELSS and RGESS can remain open for a maximum of _________ days.

a. 10

b. 15

c. 20

d. 30

3. Legally SAI is a part of SID

a. True

b. False

4. Special products available in the NFO are

a. Systematic investment plan

b. Systematic Transfer plan

c. Systematic withdrawal plan

d. All of the above.

5. Investment in the overseas securities shall be made in accordance with the requirements stipulated by _____________ and _______________ from time to time.

a. SEBI, RBI.

b. AMFI, RBI

c. AMC, SEBI

d. Custodian and SEBI.

Chapter 5

1) FULL FORM OF UTI?

A) UNITED TRUST OF INDIA

B) UNIT TRUST OF INDIA

C) UNION TRUST OF INDIA

2) The internet gave an opportunity to mutual funds to establish direct contact with investors. Direct transactions afforded scope to optimize on the commission costs involved in distribution

TRUE OR FALSE

3) FOR WHOSE BENEFIT DOES THE MUTUAL FUND INDUSRTY EXITS?

A) FOR CORPORATES

B)FOR INSTITUTIONAL INVESTORS

C)FOR FII

D) FOR RETAIL INDIVIDUALS

4) SEBI has facilitated buying and selling of mutual fund units through the stock exchanges?

TRUE OR FALSE?

5) Close-ended schemes are required to be listed in a stock exchange?

TRUE OR FALSE?

Rahul:

CHAPTER 1

1.Sensex stands for [ 1 Marks ]

(a) Securities Index

(b) Sensitive Index

(c) SEBI Securities

(d) Sector Index

2.A mutual fund is not (1 mark)

a. A portfolio of stocks, bonds and other securities

b. A company that manages investment portfolios

c. A pool of funds used to purchase securities on behalf of investors

d. A collective investment vehicle

3.Interval funds combine features of both open-ended and close ended schemes. [ 1 Marks ]

(a) TRUE

(b) FALSE

4._____________ linked to a host fund [ 1 Marks ]

(a)Foreign Investment Fund

(b) International funds

(c)Feeder Funds

(d) Normal Funds

5. Various categories of schemes are called _____________?

a) funds

b) units

c) lots

all of the above

CHAPTER 2

1.Sponsor must hold at least _________% of the AMC’s capital

a.20%

b.30%

c.40%

d.50%

2. AMC’s net worth has to be at least _________.

a.10crore

b.20crore

c.50crore

3. Who starts the mutual fund?

a) AMC

B) TRUSTEE

C) SEBI

D) SPONSORS

4. AMC HOLDS THE ASSETS OF MUTUAL FUND?

TRUE OR FALSE

5.AMC APPOINTS THE TRUSTEE?

TRUE OR FALSE

Chapter 3

1. Dividend warrants have to be dispatched to investors within 30 days of declaration of

the dividend

a.True

b.False

2. NAV has to be published

a.daily

b.weekly

c.monthly.

3. AMFI is an industry body, but not a self-regulatory organization

a.True

b.False

4. Unit holders can hold their units in demat form.

a. True

b. False

5.SRO STANDS OF ?’

A)SELF REGULATORY ORGANIZATIONB) STATUTORY REGULATORY ORGANIZATIONC) STATUAROY RULES ORGANIZATION

CHAPTER 4

1)AMC prepares the Offer Document for the NFO. This needs to be approved by the Trustees and the Board of Directors of the AMC which are also approved by SEBI?

TRUE OR FALSE

2) NFO CAN REMAIN OPEN FOR MAXIMUM?

A) 5 DAYS

B)10 DAYS

C) 15 DAYS

D) 30 DAYS

3) INVERTOR CAN SUE THE TRUST

TRUE OR FALSE

4) WHETHER THE SCHEME IS A OPEN ENDED OR CLOSE ENDED SCHEME IS A FUNDAMENTAL ATTRIBUTE OF THE SCHEME?

TRUE OR FALSE

5) KIM IS ESSENTIALLY A SUMMARY OF SID & SAI?

TRUE OR FALSE

6 ) KIM HAS TO BE UPDATED EVERY

A) EVERY MONTHSB) EVERY 3 MONTHSC) EVERY MONTHSD) YEARLY

Chapter 5

7) KYD STANDS FOR?

A)KNOW YOUR DOCUMENT

B) KNOW YOUR DEPOSITOR

C) KNOW YOUR DEPOSITORY

D) KNOW YOUR DISTRIBUTOR

8) Empanelment with the AMC, or enrolment as an agent of an empanelled distributor is compulsory to be able to sell mutual fund schemes and earn the commissions?

TRUE OR FALSE

9) After passing the examination and completing KYD requirements, the next stage is to register with AMFI , AMFI alots us ARN ..

ARN STANDS FOR?

A) AGENT REGISTRATOIN NOB) ACCOUNT REGISTRATION NOC) AMFI REGISTRATION NO

10) There are SEBI regulations regarding the minimum or maximum commission that distributors can earn

TRUE OR FALSE?

(However, SEBI has laid down limits on what the total expense (including commission) in a scheme can be.)

11) INITIAL COMISSION IS PAID BY?

A) paid by the investor directly to the distributor

B) AMC TO THE DISTRIBUTORS

12) A mutual fund distributor is paid UPFRONT commission for as long as the investor’s money is held in the fund

TRUE OR FALSE?