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Mock Tests for Mutual Fund Distributors
Certification Examination As on 27 - July - 2024
When comparing performance of 2 funds, following need not be similar
A.  Risk profiles
B.  Investment objective of the fund
C.  Fund size
D.  Fund manager
When any new scheme is launched by Mutual Fund, after the scheme name following abbreviation is used
A.  NFO
B.  IPO
C.  FPO
D.  NPS
Code of ethics for employees of AMC is prescribed by
A.  SEBI
B.  AMFI
C.  Internal Audit team
D.  Trustees
AMC should confirm that due diligence certificate is signed by
A.   Chief executive officer
B.  Chief financial officer
C.  Compliance officer
D.  Any of the above
Which of the following is a function of Offer Document
A.  To enable comparison of Mutual Fund
B.  To provide adequate information about the scheme to the investor
C.  To report performance of the scheme
D.  To give the Fund Manager's commentary on the market
NAV of a Mutual Fund
A.  Is always constant
B.  Keeps going up at a steady rate
C.  Fluctuates with market movement
D.  Debt fund's NAV cannot go down at all
NFO opening and closing dates are mentioned in
A.  KIM
B.  SID
C.  SAI
D.  All of the alternatives
Investing in Gold ETF helps
A.  Guarantee high return
B.  Not permitted in India
C.  Reduce storage cost & impurity
D.  Provide risk cover from burglary, fire, theft etc.
Which of the following are derivatives
A.  Forwards
B.  Futures
C.  Options & swaps
D.  All of the above
The two primary tools of a technical analysts are
A.  Level of market index & volume
B.  Economic indicators and level of the market index
C.  Price and volume
D.  Price and technical indicators
Recurring expenses includes
A.  Fund Management fee
B.  Registrar & Transfer agent fees
C.  Marketing & selling expenses
D.  All of the alternatives
Who among the following cannot be a distributor of Mutual Fund
A.  Sponsors
B.  AMCs
C.  Non scheduled banks
D.  Employees of AMCs
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A.  Open ended funds
B.  Close ended funds
C.  Interval funds
D.  Exchange Traded Funds
Investors of an actively managed fund expect
A.  Fund Manager to reduce risk when the markets are falling
B.  Fund Manager to hedge portfolio for increasing returns
C.  Fund Manager to produce superior returns to the benchmark
D.  Fund Manager to declare dividends at regular intervals
Stock Exchange can act as a regulator of
A.  Mutual Funds that are regulated by SEBI
B.  All open ended equity funds
C.  All open ended Debt funds
D.  All close ended funds listed on the exchange
KIM is
A.  Abridged version of OD
B.  Abridged version of MA & AA
C.  Summary of data containing historical NAVs of all the schemes launched by the fund house
D.  Annual report of AMC
The process of converting demat units in to physical form is called re-materialization
A.  True
B.  False
C.  
D.  
Investors who are risk averse in their behavior are called
A.  Aggressive investor
B.  Conservative investor
C.  Moderate investor
D.  None of the alternatives
Valuation norms for non traded securities should be disclosed
A.  At the end of every financial year
B.  Every quarter
C.  In SID / SAI at the time of launch of the scheme
D.  It is for internal mechanism and no need to disclose
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A.  Open ended funds
B.  Close ended funds
C.  Interval funds
D.  Exchange Traded Funds
In unit linked policy, market risk is with
A.  Insured
B.  Insurer
C.  Both Insured & Insurer
D.  When market is high it is with insured else it is with insurer
Minimum net-worth requirement for AMC is
A.  Rs. 50 crs
B.  Rs. 5 crs
C.  Rs. 10 crs
D.  Rs. 20 crs
A frequently used approximation for the yield to maturity on a long-term bond is the
A.  Coupon rate
B.  Current yield
C.  Cash flow interest rate
D.  Real interest rate
Find the odd man out
A.  International Fund
B.  Open Ended Fund
C.  Close Ended Fund
D.  Interval Fund
Test to understand psychological behavior under several conditions tries to measure
A.  Risk tolerance
B.  Aggressive investor
C.  Conservative investor
D.  Moderate investor
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