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Mock Tests for Mutual Fund Distributors
Certification Examination As on 26 - September - 2021
A fund manager who believes in growth philosophy looks for companies with
A.  Above average earnings growth
B.  Large reputed companies
C.  Companies which are likely to declare bonus / stock split / Follow-on public issue
D.  All of the above
An official description of a particular mutual fund's planned investment policy can be found in the fund's
A.  Offer Document
B.  SAI
C.  KIM
D.  DIN
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
Which of the following with regard to Fixed Maturity Plan is true
A.  It is an Open Ended Fund
B.  It is an Interval Fund
C.  It is a Close Ended Fund
D.  It is a fixed maturity deposit of a Commercial Bank
The tax on the amount received on monthly income plan of a debt Mutual Fund is
A.  Zero
B.  10% plus applicable education cess
C.  20% plus applicable education cess
D.  30% plus surcharge plus education cess
Investors can sue ---- for the breach of trust
A.  Trustees
B.  Mutual Fund
C.  AMC
D.  Sponsors
Price Earnings ratio means
A.  Market price of the share multiplied by the number of shares in existence
B.  Earnings per share divided by the net asset value
C.  Market price of the share divided company profit per share in the last 12 months trading period
D.  Market price of a share divided by its yield
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
Offer Document is the same as
A.  SID
B.  SID & SAI
C.  SAI
D.  SID, SAI & KIM
An investor looking for tax benefit in a hybrid fund must choose
A.  Conservative MIP
B.  Equity oriented Balanced fund
C.  Debt oriented fund
D.  Aggressive MIP
Portfolio turnover ratio is applicable in analyzing performance of which of the following funds
A.  Equity Funds
B.  Index Funds
C.  International Funds
D.  Debt Funds
If a steep fall in the valuation of the portfolio does not affect the investor then investor has
A.  High risk tolerance
B.  Low risk tolerance
C.  No emotions
D.  Not sentimental
Which of the following measures are not taken by SEBI for protecting Mutual Fund investors
A.  Mandating minimum level of diversification
B.  Ensuring that funds are invested only in securities approved by SEBI
C.  Ensuring that funds are not used to favor some companies / groups
D.  Tracking securities of each schemes of Mutual Fund
Wealth preserving affluent investor is likely to invest in
A.  Equity & Equity related mutual funds
B.  Physical Gold
C.  Bank Fixed Deposits
D.  Debt funds or fixed income securities
An open ended mutual fund is one
A.  That invest in Stock Exchanges
B.  That invest in Financial Assets
C.  Where investor can purchase / sell at all times
D.  Units can be purchased only through brokers of Stock Exchanges
Which of the following characteristics of Money Market Instruments are true
A.  They do not pay interest
B.  They do not have maturity date
C.  They do not have face value
D.  None of the above
According to rule 72
A.  Money you need to retire is approximately 72 times your annual income
B.  If you save 5% of your income a year, the earliest you can retire is at the age of 72
C.  Time it will take for your money to double is 72 divided by a given rate of interest
D.  The mortality age that Indian's should plan their retirement fund for is 72
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
Equity funds risk relative to the market is measured by
A.  Tracking error
B.  Share's ratio
C.  Treynor ratio
D.  Beta coefficient
Who among the following cannot be a distributor of Mutual Fund
A.  Sponsors
B.  AMCs
C.  Non scheduled banks
D.  Employees of AMCs
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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A.  Open ended funds
B.  Close ended funds
C.  Interval funds
D.  Exchange Traded Funds
Highest risk is associated with which of the following kinds of funds
A.  Balanced funds
B.  Gilt funds
C.  Equity funds
D.  Debt funds
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Trupti

Trupti

Trupti
A.  Open ended funds
B.  Close ended funds
C.  Interval funds
D.  Exchange Traded Funds
Client invest Rs. 5 lacs in a debt fund today to 2.30 p.m. with a local cheque, which NAV would client get?
A.  Previous day's NAV
B.  Same day's NAV
C.  Next Business day's NAV
D.  Insufficient data
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