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Test 5

201	The rate of wealth tax on mutualfund units is
	10% 20% 30% MF units are exempt from wealth tax
2.	A bond with a coupon rate of 9% when interest rates for similar maturities are 11% will sell
	Above par
	At par
	Below par
	T a price which is not related to interest rates for similar maturities
3.	A 'certificate of Deposit' is issued by
	Government Corporates Banks Trust
4.	Commercial paper isissued by
	Mutual funds Banks PSUs Corporates
5.	Debentures differ from fixed deposits in respect of
	Interest rates Security Liquidity End use of unds
6.	A longer maturity has the fllowing impact on its price risk case of interest rate fluctuation
	Risk increases with longer maturity Prce risl depends solely on credit rating of issuer RIsk decreases with longer maturity None of the above
7.	Treasury bills are issued by
	A company's treasury department RBI on behalf of the government Nationalised banks PSUs
8.	The following investments are affected by price risk in case of interest rate movement
	Company's debentures Institutional bonds Mutual funds Floating rate bonds
9.	Can one scheme of a mutual fund invest in another scheme of the same AMC
	No Yes upto 10% of the net assets of the fund With prior permissions of SEBI k Yes. upto 5% without charging any fee
10.	Can a mutual fund transfer investments from one scheme to another
	Yes. Only with prior approval of SEBI Yes. Only upto 10% od total investmentss No Yes.provided transfer is at current market rate
11.	Which of the following is not a type of load?
	A charge at the time of investors into fund, by debuting a specific amount from his intial contributions A charge at the time of investor exit from the scheme by debuting a specified amount from redemption proceeds A charge of fixed amount if the investor exists before completing a predetermined period of holding his investment
12.	Gilt funds would not invest in
	Treasury blls
	Govt securities
	Convertible debentures
	Call money
13.	A sponsr of a mutual fund may be compared to-
	A director in a company A chief executive of a company A promoter of a company An equity shareholder in a company
14.	The board of trustees is expected to protect the interest of
	The sponsor's The Asset management company SEBI The Unit holders
15.	In case of an assures return who is responsible for meeting the shortfall in case the assured return is not achieved
	The AMC The fund manager The trustees The person named in the OD
16	In index funds the expenses are low because
	The fund manager does not want a large tracking erro The equity research expenses are not incurred SEBI regulations stipulate lower expenses for index funds To compare against the activitely managed funds
17	The areas monitored by SEBI in the activities of Mututal Funds include:
	Fund structure and governance Exercisng of voting rights by funds Fund Operations All the above
18.	Ethical norms require that the Trustees exercise their voting rights at the share holders meetings of companies
	In the interesst of the promoters In the interest of the companies employees In the interest of the Unit holders in the fund In the interest of the fund manager
19.	Front running is a practice which means
	A bull/run in the market The fund manager buys and sells securities ahead of dong the same transactions for the fund Both the above None of the above
20.	Insider Trading by a fund manager means
	Colluding with other insiders to gain access to private information Using that information to trade on their personal account. Both the above None of the above
21.	Responsible investing in the US include the following tools:
	Screening of investment Share holders activism Community investing All the above
22.	SEBI Regulations require the Directors of a Trustee company to file the details of transaction in securites with the Mutual Fund, where they exceed the value of
	Rs.1 Lac Rs.2 Lac Rs.5 Lac Rs.10 Lac
23.	Conflict of interest in a mutual fund business means
	No identify of interest between the sponsor and the Trustee The interest of the Trustees and AMC are in conflict The interest of the investor runs counter to the interest of the intermediary Both a & b above
24	AGNI refers to
	Code of conduct laid down by SEBI for Mutual Funds Code of Conduct laid down by AMFI per distributiiors Actionfor good governance in nationalized institutions
25.	Objectives of Business Ethics are :
	Simply being honest, open and transparent with ptential clients To protect the consumers of goods and services for being cheated or exploited Bothe the above None f the above
26	What are the advantages of investing in MF's over direct investing
	Benefits of diversification Benefits of professional management Both of the above None of the above
27.	If inflation rises which of the following funds will be most affected
	Sector fund Bond fund Mid cap fund Equity fund
28.	Which of the following is an advantage of investing through Mutual Funds
	No control over cost Liquidity & Convenience No tailor made portfolio Managing a portfolio of funds
29.	Which of the following is an SRO
	SEBI BSE AMFI None of these
30.	Bank sponsored MF:S are regulated by
	RBI SEBI RBI & SEBI None
31.	What percentage of unit holders present at a meeting can terminate the appointment of AMC
	51% 100% 75% None of the above
32.	Which officials name is mandatory to be mentioned in the offer document
	Investor relations officer Fund manager Managing Director
33.	The first time investor should be advised to read the
	Detailed offer document The key information memorandum SEBI regulation Brochure
34.	Commissions payable to a funds advisor is one of the following
	Discretion of the fund SEBI Regulation AMFI Mandate None of these
35.	Which of the following an FII is not allowed
	Investing directly in a Mutual Fund Opening a NR account Opening a NR(rupee) account Investing through a broker
36.	The following is not deisrable activity of an advisor selling Mutual funds
	He should keep himself updated on the important characteristics of schemes he sells He should asses the clients needs and help him in choosing the right investment He should pass on the highestm possible incentive to the clent He must encourage regular investment and give personalized after sales service
37.	Intial issue expenses for a close ended fund can be amortised over
	10 years 5 years term of the fund 6 years
38.	Among the following debt schemes having the same portfolio which will you recommend to your client
	Upfront load of 0.4% recuring expense of 0.7% p.a Upfront load of 0.3% recuring expenses of 0.8% p.a Upfront load of 0.6% recuring expense of 0.4% p.a Upfront load of 0.0% recuring expense of 1% p.a
39.	Which of the following untrue of systematic investment plan
	It allows investor to invest a fixed amount on a monthly basis. It allows investor to invest to change the amount. It inclucates regular investment discipline in the investor It facilitates Rupee cost averaging
40.	Which of the following is true about switching from MMMF to Equity fund
	It is not allowed It takes too long to execute Such switching should not be done It is a means of dealing with market volatility
41.	Voluntary Accumulation Plan is the modfied version of
	Automatic reinvestment plan Automatic investment plan Systematic withdrawal plan Systematic transfer plan
42.	Which of the following statements is true.
	SWP is different from Monthly Income Plans SWP allows withdrawal of principal in installments Monthly income Plans the Income amounts periodically All of the above
43.	Mutual funds cannot provide Cheque writing facility without
	The RBI approval The SEBI approval The AMFI approval Both (a) & (b
44.	Which of the statements is correct
	The fund must have the approval of RBI to offer Cheque writing facility RBI permits the investors to issue Cheques against the FUnd balance subject to maintaining a minimum balance RBI rules do not permit investors to issue cheques to third party All of the above
45	What is the time frame for sending the Annual finanacial statement to the unit holders
	Within 6 months from the close of the accounting year Within 3 months from the close of the accounting year Within2 months from the close of the accounting year Within 1months from the close of the accounting year
46.	In automatic reinvestment plans the reinvestment takes place at the Ex- divdend NAV
	True False
47.	Which authority approves Mutual Fund t give Loans against Units
	SEBI RBI SEBI prohibits such loans RBI prohibits such loans
48.	Which of the following statement is correct
	MF's are allowed to borrow as per SEBI guidelines MF's are allowed to borrow to meet temporary liquidity requirements MF's are allowed to borrow for a period more than six months MF's are allowed to borrow not more than 20% of the Net asset value All of the above Only a, b&d are correct
49.	In index funds the expenses are low because
	The fund manager does not want a large tracking error The equity research expenses are not incurred SEBI regulations stipulate lower expenses for index funds To complete against actively managed funds
50.	FInanacial Planning is?
	Investing funds to receive higher rate of return Resorting to tax planning to keep taxes low Planning for retirement with maxmum income possible Process of solving financial problems and reaching financial goals

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