Amfi

COMPREHENSIVE TEST – AMFI
Chapter 1

Q.1 In India, the first mutual fund after UTI was launched by

    1. Can bank mutual fund
    2. Morgan Stanley
    3. SBI mutual fund
    4. LIC mutual fund
Q.2 A Mutual Fund is a
    1. Collective investment vehicle for the purchase of securities on behalf of investors.
    2. Company that accepts fixed deposits
    3. Fund that issues bond and debentures
    4. None of the above
Q.3 In India a mutual fund is a trust whereas in the USA it is
    1. An investment company
    2. A Trust
    3. A Society
    4. A Bank
Q.4 Which of the following statement is TRUE?
    1. Growth and risk are associated with equity funds
    2. Stability is associated with debt funds
    3. Both 1 & 2
    4. None of the above
    5. Q.5 Investment in an Equity Linked Savings Scheme (ELSS)
    1. Entitles the investor to claim income tax rebate
    2. Requires the investment to be locked in for a period of 3 years
    3. Automatically leads to investment in equity shares
    4. All of these
    5. Q.6 Mutual funds should be recommended as
    1. Investments to achieve long-term goals
    2. A “get rich quick” investment option
    3. Investments to take advantages from stock market swings
    4. All of these
Q.7 In India, the public sector mutual funds came

    1. Before private sector funds & UTI
    2. After UTI but before SEBI regulation 1996
    3. After SEBI Regulation 1996
    4. After SEBI Regulation 1996 but before private sector funds
Q.8 Which one of the below is correct?
    1. UTIMF was established by a special act of parliament
    2. UTIMF voluntarily accepted guidelines of SEBI
    3. UTIMF is not the first MF in India
    4. UTIMF was set up by Reserve Bank of India
Q9 Who published “Making Mutual Funds Work for you- The Investors Guide”
    1. AMFI
    2. SEBI
    3. RBI
    4. AMCs
Q.10 A close ended mutual fund has a fixed
1. NAV
    2.... [continues]

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