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Mock Tests for Mutual Fund Distributors
Certification Examination As on 18 - May - 2021
Regarding circulation of unauthenticated news, access to blogs / chat forms / messenger sites etc should
A.  Not be allowed
B.  Restricted under supervision
C.  Not be allowed and restricted under supervision
D.  None of the alternatives
Fundamental analysis entails review of the company's
A.  Financial statements and health
B.  Quality of Management
C.  Competitive position
D.  All of the alternatives
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A.  Open ended funds
B.  Close ended funds
C.  Interval funds
D.  Exchange Traded Funds
Which of the following fund types are comparable
A.  An aggressive equity fund and an aggressive debt fund
B.  A Bond fund and a Debt fund
C.  A well diversified equity fund and a well diversified debt fund
D.  Money market fund and long term G.Sec fund
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A.  Open ended funds
B.  Close ended funds
C.  Interval funds
D.  Exchange Traded Funds
Mutual fund would update the current expense ratios on the website within --- working days mentioning the effective date of change
A.  5
B.  7
C.  2
D.  10
Risk tolerant investors are usually
A.  Aggressive investors
B.  Moderate investors
C.  Conservative investors
D.  None of the alternatives
What is the most reliable source of information for an investor in Mutual Fund scheme
A.  Advice from Distributor
B.  AMFI website
C.  Financial newspaper
D.  Offer Document
Scheme can distribute dividend on its
A.  Realized profits
B.  Profits after tax
C.  Realized and unrealized profits
D.  Unrealized profits
Which of the following is not false of Financial Planning
A.  It helps become a billionaire
B.  Useful for achieving financial goals through financial management
C.  It helps in tax planning of investment in foreign countries
D.  Tracking shares of stock market
Fund of Fund invests in
A.  Growth stocks
B.  Mutual funds other than same fund house
C.  Mutual funds of the same fund house
D.  Another Mutual funds
A high portfolio turnover in equity means
A.  The fund is active in the market
B.  The funds transaction cost is high
C.  The fund may be quite risky
D.  All of the above
Some close ended funds are quoted at a discount to their NAV because
A.  Investors perceive that fund will be unable to maintain the NAV
B.  Assets of the fund are over valued
C.  Markets are bearish
D.  Inherent risk in investing in close ended scheme
Offer Document is the same as
A.  SID
B.  SID & SAI
C.  SAI
D.  SID, SAI & KIM
A Systematic Withdrawal Plan (SWP) is ideal for investors who
A.  Prefer regular income stream
B.  Want to redeem units to book capital gains
C.  Want to diversify in other assets
D.  Want to benefit from market fluctuation
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
Equity funds risk relative to the market is measured by
A.  Tracking error
B.  Share's ratio
C.  Treynor ratio
D.  Beta coefficient
Unit holders enjoy rights to the asset of the fund
A.  According to the plan chosen by them
B.  As decided by the trustees
C.  Equally for all unit holders
D.  In proportion of the units held by the unit holders
Which fund has the least risk
A.  Liquid funds
B.  Short term bond funds
C.  Gilt funds
D.  Long term bonds
Exchange Traded Funds are alternative to
A.  Actively managed Debt fund
B.  Index tracker
C.  Actively managed Equity fund
D.  Actively managed Asset Allocation fund
Code of ethics for employees of AMC is prescribed by
A.  SEBI
B.  AMFI
C.  Internal Audit team
D.  Trustees
One of the most positive benefit from Rupee Cost Averaging is
A.  Investment is irregular
B.  Investment is always at a lower NAV
C.  It is a disciplined way of investing
D.  Investments are made at different NAVs
Which of the following option with regards to the benefit of compounding is untrue
A.  Growth option
B.  Dividend payout
C.  Dividend re-investment option
D.  Bonus
Interest rate sensitivity in Debt fund depends on
A.  Credit profile
B.  Average maturity
C.  Yield to maturity
D.  Current yield
If the insured policy is endorsed under MWP Act, 1874 then
A.  Creditors have claim only to the extent of outstanding principal on the policy proceeds
B.  Creditors have first claim on policy proceeds
C.  Creditors have no claim on policy proceeds
D.  Creditors have residual claim on policy proceeds
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