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Mock Tests for Mutual Fund Distributors
Certification Examination As on 01 - July - 2022
Equity funds risk relative to the market is measured by
A.  Tracking error
B.  Share's ratio
C.  Treynor ratio
D.  Beta coefficient
Companies with strong earnings but limited growth opportunities
A.  Do not pay any dividends
B.  Are called blue chip stocks
C.  Generally pay high dividend
D.  Are speculative stocks
One of the most popular tool used by technical analyst is
A.  Moving average ratio
B.  Price to earnings ratio
C.  Book to market price ratio
D.  Dividend Yield ratio
Which of the following is untrue with regards to Top down approach
A.  This strategy involves great deal of research to be successful
B.  Fund tends to invest in top companies of identified sector
C.  Helps you concentrate your investment in the best sector and best country for optimum gains
D.  Fund manager may not invest much if research tells that downturn is round the corner
Which of the following is a synopsis of the offer document
A.  Trust deed
B.  Memorandum of Association
C.  Statement of additional information
D.  Trust deed
Which is the most illiquid asset
A.  Real Estate
B.  Gold
C.  Equity
D.  Debt
Risk tolerant investors are usually
A.  Aggressive investors
B.  Moderate investors
C.  Conservative investors
D.  None of the alternatives
Test to understand psychological behavior under several conditions tries to measure
A.  Risk tolerance
B.  Aggressive investor
C.  Conservative investor
D.  Moderate investor
Which of the following form part of fundamental attribute of the scheme
A.  Fund manager
B.  Investment objective
C.  Fund performance of last 3 years
D.  All of the alternatives
The risk of schemes NAV going up / down on the basis of capital market movement is
A.  Investment attribute
B.  Scheme specific risk
C.  Standard risk
D.  Credit risk
Highest risk is associated with which of the following kinds of funds
A.  Balanced funds
B.  Gilt funds
C.  Equity funds
D.  Debt funds
Which of the following is not a mandatory service standard as per SEBI
A.  Periodic disclosure of fund's holding
B.  Period disclosure of AMC's accounts
C.  Online purchase / sale of units
D.  Dispatch of dividend with-in 30 days of its declaration
If a charitable trust approaches a distributor with application for investment in Mutual Fund, the distributor should:-
A.  Accept application
B.  Decline the application
C.  Refer SID & SAI
D.  Accept application as Direct
The choice of an appropriate benchmark for evaluating fund performance depends on
A.  Investment objective of the fund
B.  Fund Manager as he ensures performance of the scheme
C.  Head of Sales & CIO as they are the creator of the scheme
D.  Trustees as they approve the scheme
Annual yield on RBI relief bond is
A.  9.50% pre tax
B.  9.50% post tax
C.  8.50% post tax
D.  8.50% pre tax
Interest rate sensitivity in Debt fund depends on
A.  Credit profile
B.  Average maturity
C.  Yield to maturity
D.  Current yield
Investors who limit themselves to risk free and low risk investments can avoid purchasing power risk
A.  True
B.  False
C.  
D.  
Primary guardian amount service provider to the unit holders funds are
A.  Auditors
B.  Bankers
C.  Custodians
D.  Trustees
Which of the following is true about Jacob's Model Portfolio for investors in distribution phase
A.  Investment in diversified equity should be around 15 to 30%
B.  Investment in income and gilt should be around 65 to 80%
C.  Cash funds should be around 5%
D.  All of the alternatives
Financial goals do not include
A.  Buying a house
B.  Winning a sports gold medal
C.  Planning for retirement
D.  Savings for Child's education
Profitability of a scheme is impacted by
A.  Interest / dividend in the scheme
B.  Gains / loss in the portfolio
C.  Scheme expenses
D.  All of the alternatives
If a scheme is launched in 2nd month of financial year the 1st update of SID is due within
A.  Within 3 months of the end of financial year
B.  Within 3 months from the beginning of next financial year
C.  Within 3 months from the end of the next financial year
D.  within 6 months of the end of financial year
Due diligence of distributor is the responsibility of
A.  Mutual Fund / AMC
B.  SEBI / Mutual fund
C.  Mutual fund / Registrar of company
D.  SEBI / AMFI
">
A.  Open ended funds
B.  Close ended funds
C.  Interval funds
D.  Exchange Traded Funds
Function of Offer Document is to
A.  Provide detailed information about the scheme to the investor
B.  Provide current NAV
C.  Provide fund suggestion
D.  All of the alternatives
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