1. utual Fund represent one of the most appropriate investment for most
-During which union Govt.budget the dividends from mutual fund were exempted
-1996- to till is considered to be the fourth phase of mutual fund history in India
-Second phase of mutual fund history in India is considered to be
US-64 stands for? -Unit Scheme-64
Foreign Institutional investor (FII) registered with SEBI can invest in Mutual Fund-F(w)
______________ is accountable to the office of the public trustee-Board of trustees
A mutual fund which recover its marketing expenses, fund managers salary etc. is known as
-Non Load Fund(w) Load Fund(w)
During which union Govt.budget the dividends from mutual fund were exempted-1996(w) 1998(w)
1996- to till is considered to be the fourth phase of mutual fund history in India-T
The first and for long the largest scheme was US-64-F(w)
What is NAV ?- Net Asset Value
Market and investor related activity is governed by-SEBI
Mutual Fund represent one of the most appropriate investment for most-Small Scale Investors
High Yield Debt funds seek to obtain higher interest rates by investing in debt instruments-F(w)
Which public sector was the first to introduce non-UTI mutual fund in India-SBI
Second phase of mutual fund history in India is considered to be-1987-1993
Open end-end allows investor to buy or redeem units from the fund at the price based on NAV per unit-
T
______________ was the first diversified equity investment scheme in India-Mastershare
In which year Mutual fund industry started in India-1963
SIP stands for-Systemactice Interest Plans(w) Systemactice Investment Plans
Closed -end funds-doesn`t allow user to buy or redeem units directly from the funds
How many private sector mutual funds and their schemes were lunched during 1993-94-SIX(w) Five
Balanced Fund portfolio comprises of Debt instruments, convertible securities , preference and equity
shares-F(w)
Fund managers always strive to include only traded or liquid securities in their portfolios-T
2. utual Fund represent one of the most appropriate investment for most
-During which union Govt.budget the dividends from mutual fund were exempted
-1996- to till is considered to be the fourth phase of mutual fund history in India
-Second phase of mutual fund history in India is considered to be
ARP stands for-Annual Retirement Plans(w) Automatic Reinvestment Plans
CLB stands for-Company and Labour Board(w) Company Law Board
Mutual Funds are classified as closed-end and open-end-T
Mutual funds aim at maximising returns while keeping the risk to a tolerable level.-T
Mutual Fund started with the formation of Unit Trust of India-T
Public sector Mutual fund other than UTI entered in India during-1987
How many new schemes were lunched by UTI during 1981 and 1984-Nine(w) Five(w)
Offer document is issued only once for closed end fund-T
STP stands for-Systematic Transaction Plans(w) Systematic Transfer Plans
Children Gift Growth fund was introduced during which period-1987-90(w) 1984-87
What is SEBI-Govt. Regulatory Authority
Tax-emempt funds invest in securites free from tax-F(w)
What is Fair Value-Value of a security that is realistic and not based on any arbitrary methodology
Mutual Funds are also classified as load fund and non-load funds-F
Fixed Term Plan Series-1 and 2
Growth funds are less volatile than aggressive growth funds-T
-Money Market Funds(w) Liquid Funds
Incase the EPS is negative-EPS value for that year is taken as ten for arriving at capitalised earnings(w)
EPS value for that year is taken as zero for arriving at capitalised earnings
Which of the following are correct for Standard risk factors-NAV can move up or down on the basis of
capital market movement
Other mutual funds include _______________ and ____________________-Commodity and Real Estate
Fund
________ is responsible for modifying regulation relating to companies-SEBI(w) CLB(w)
3. utual Fund represent one of the most appropriate investment for most
-During which union Govt.budget the dividends from mutual fund were exempted
-1996- to till is considered to be the fourth phase of mutual fund history in India
-Second phase of mutual fund history in India is considered to be
A fund may sell new units at a price that is different from the NAV-T
The mutual fund can be managed by-1 3 4
Tax- exempt and Non Tax-exempt is one another form mutual fund classification-F(w)
Mutual Fund is regulated and governed by SEBI-T
The balance of mutual fund is different from balance sheet of companies-T
Valuation date is the date on which the fund calculates the value of its-Both Portfolio and NAV
Only AMFI certified distributors can sell mutual funds-T
Financial intermediary provides the require investment knowledge and professional exprtise on
sucessful investing-T
DCA stands for-Duty and Customs Act(w) Department of Company Affairs
The offer Document and Key Information Memorandum needs to be updated atleast-Once every two
years
________________ have a narrow portfolio orientation and invest in only companies that meet pre-
defined criteria.- Speciality Funds
NAV measures the change in the value of the investment made into into capital instrument-T
Ownership issue of Asset Management Companies is governed by-SEBI(w) AMFI(w) UTI(w)
_________________ stocks are shares of companies whose earnings are related with the state of
economy-Growth Stocks(w) Value Stocks(w)
Which period is considered to be the third phase in the history of mutual fund in India-1995-1999(w)
1993-1996
AMFI has published code of ethics Asset Management Company-T
Recent Merger and acquisitions took between-Sun Fand C Mutual Fund by Alliance Mutual Fund(w) Birla
Sun Life by Prinicipal(w)
During which period first private sector mutual funds were introduced in India-1993-1994
The income Tax Act,_____ lays down the tax provisions governing mutuals funds-1961
Strike a balance between capital appreciation and incomes for the investor-Growth and Incomes Funds
4. utual Fund represent one of the most appropriate investment for most
-During which union Govt.budget the dividends from mutual fund were exempted
-1996- to till is considered to be the fourth phase of mutual fund history in India
-Second phase of mutual fund history in India is considered to be
The trust is created through a document called the __________-Trust Deed
Select the correct Merger and acquisitions deal-Alliance Mutual Fund by Birla Sun Life
NAV of open-end schemes must be calculated and published daily-T
____________ is any person who, acting alone or in combination with another body corporate ,
establishes a mutual fund-Independent Director(w) Trustee(w) Sponsor
Net Asset Value is equivalent to-Total number of units issued divided by the value of the total assets of
the fund(w)
What is the NAV for Fund Value = 4000 and Number of units issued =100-40
The offer Document issued for the new schemes are valid for a period of-six months
Formula of calculating NAV is-NAV = Fund ValueTotal units issued
________ are Government securities with medium to long-term maturities-Liquid Funds(w) Money
Market Funds(w) Gilt Funds
An investor needs to PAN for purchasing units worth-50,000 or more
An asset shall be classified as non-performing,- If the interestprincipal amount has not been received or
has remained outstanding for one quarter
A mutual fund in India is costituted in the form of a Public Trust created underthe ______________-
Indian Trust Act, 1857(w) Indian Trust Act, 1856(w) Indian Trust Act, 1882
____________ guides the Department of Compan Affairs-SEBI(w) CLB
Unit holder have right to receive divident warrants within ____ days of the date of dividend
declaration-30 days
Stock Exchanges are supervised by-DCA(w) SEBI
Registrars and transfer agents are responsible for issuing and redeeming units of the mutual funds-T
____________ try to seek out fundamentally sound companies whose shares are currently under-priced
in the market-Equity Income Fund(w) Debt Funds(w) Value Fund
The equity fund which is designed to give the investor a high level of current income along with some
steady capital appreciation.- Aggressive Growth Funds(w) Debt Funds(w) Growth Funds(w)
5. utual Fund represent one of the most appropriate investment for most
-During which union Govt.budget the dividends from mutual fund were exempted
-1996- to till is considered to be the fourth phase of mutual fund history in India
-Second phase of mutual fund history in India is considered to be
SEBI has designed mandatory guidelines for mutual fund distributors role and service to investors-T(w)
_______________ is one of the most important source of information for a prospective investor-Unit
value(w) Offer Document
____________________ is responsible for implementing government policies with regard to RBI and
SEBI-Ministry of Finance
KIM stands for-Key Information Memorandum
AMC stands for-Asset Management Company
All mutual funds have to be registered with SEBI-T
A fund which tracks the performance of a specific stock market index-Speciality Funds(w) Value Fund(w)
Equity Income Fund(w)
NAV measures the change in the value of the investment made into into capital instrument-T
SEBI was constituted in which year-1995(w) 1992
Harry Singh is Non- resident Indian can he invest in Mutual Fund-F(w)
Foreign Institutional investor (FII) registered with SEBI can invest in Mutual Fund-T
SAT stands for-Securities Appeliate Taxation(w) Securities Appeliate Tribunal
Unit holder have right to receive receive interest, if redemption money is not received within
_______days of its submission of the same-10 days
The ______________ are the primary guardians of the unit holders fund and assets-Sponsor(w) Trustee
The AMC of a mutual fund must have a net worth of Rs__________ at all time-Rs. 10 crores
Fair value is determined based on-p 3rd option
Which of the following is correct—p-1st and 3rd
According to SEBI advertising code-p-1st and 4th
Which of the following is Trueof Mutual Fund Investor-p-1st ,2nd ,3rd
Fees and Expenses related with Mutual Funds cannot be charged to the scheme-p-2nd and 3rd
6. utual Fund represent one of the most appropriate investment for most
-During which union Govt.budget the dividends from mutual fund were exempted
-1996- to till is considered to be the fourth phase of mutual fund history in India
-Second phase of mutual fund history in India is considered to be
The summary information of the Offer Document informs about the-p-1st and 2nd
The offer document must contain-p-2nd and 3rd
The mutual fund have to display modification in the Offer Document in the form of a notice in-all
options
Which of the following is correct for the custodian-2nd and 3rd option
The due diligence certificate can be singed by-1st and 2nd
Which of the following is low risk category mutual fund-3rd 4th 5th
Mutual Fund in India are open to investment by-2nd and 4th
_____________Funds that invest in equities in one or more foreign countries-1st and 2nd