IDBI Mutual

Which of the following expenses cannot be charged to the scheme

A. Penalties and fines for infraction of laws

B. Audit fees

C. Expenses related to investor communication

D. Winding cost for terminating the services

Collection and payment of funds is the responsibility of

A. Custodian

B. Registrar & Transfer agent

C. AMC

D. Trustees

Beta of an Index would always be

A. Equal to 1

B. Less than 1

C. More than 1

D. Applicable for debt instruments only

If an investor wishes to change the distributor

A. Investor need to get NOC from previous distributor

B. Investor need to give written request to the fund house

C. Investor need to give written request to the fund house & NOC from previous distributor

D. Trustees can allow

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

Standard risk factors are the one

A. That are uniformly applicable for any Mutual Fund scheme

B. Different for different schemes

C. Which are made by standard committee

D. Which are standard set by SEBI for all Mutual Funds

Real Estate Mutual Funds are

A. Open ended funds

B. Close ended funds

C. Interval funds

D. Exchange Traded Funds

Net Asset Value is defined as ________________________.

A. Book value of assets divided by shares outstanding

B. Book value of assets minus liabilities divided by shares outstanding

C. Market value of assets divided by shares outstanding

D. Market value of assets minus liabilities divided by outstanding units

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

Find the odd man with regards to the objective of Mutual Funds

A. Equity Fund

B. Debt Fund

C. International Fund

D. Interval Fund

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

Which of the following with regards to Offer Document of mutual fund scheme is untrue

A. OD of a scheme is prepared by AMC and approved by the board

B. OD of a scheme is approved by Trustees

C. Scheme can be launched only after approval from SEBI

D. SEBI neither approves nor disapproves any scheme

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

Who among the following cannot be a distributor of Mutual Fund

A. Sponsors

B. AMCs

C. Non scheduled banks

D. Employees of AMCs

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

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

Risk can be defined as a possibility that

A. Negative returns can be expected

B. Actual returns can vary from expected returns

C. Expected returns vary from past returns

D. Actual returns can exceed past returns

Following are characteristics with regard to Money Market Instruments, but they are not

A. Short term

B. Money

C. Low risk

D. Highly liquid

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

If an NAV of a scheme grows from Rs. 10/- to Rs. 40/- in 3 years, what could be the CAGR

A. 10%

B. 100%

C. 58.74%

D. 48.74%

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

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

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

Index against which performance of the fund is measured is called

A. Tracking error

B. Bench mark

C. Treynor ratio

D. Beta coefficient

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