Amfi PT B Q&a
Amfi PT B Q&a
Amfi PT B Q&a
Series B
3. All expenses and income accrued upto the valuation date shall be considered for valuation. Some
minor expenses need not be so accrued, provided their affect on the NAV is not more than:
a. 2%
b. 1.5%
c. 0.5%
d. 1%
4. When a scheme with assured returns is being launched, which of the following need not be
published in the offer document?
a. Means of fulfilling the guarantee
b. Information for all schemes launched by the fund in the past
c. Comparison with other mutual funds
d. Investment objective
5. NAV of a fund is 14, Entry Load is 2.25%. Calculate the price at which the investor will be able to
500 purchase units.
7. NAV of a scheme is 20. Exit Load is 1.5%. What will be the price at which the investor will be able
to sell units?
8. Which of the following would you suggest if your client suddenly wins Rs. 1 cr in a game show
a. Invest the whole amount in equity directly
b. Invest half in equity mutual funds and the other half in debt mutual funds
c. Invest in a money market mutual fund till the time he decides on the use of the money
d. Spend, gift and invest as per his wish
10. The prospectus of the OD containing the details of a new scheme is first registered with
a. AMFI
a. SEBI
b. BSE
c. Ministry of Finance
12. If the NAV of an open-ended fund increased from Rs. 16 to Rs. 20 in 6 months, the absolute
return is
a. 6.00%
b. 34.60%
c. 25.00%
d. 37.50%
13. A Mutual fund can benefit from economies of scale because of:
a. Indirect investment
b. Large volumes of trade
c. Portfolio diversification
d. Fund manager
14. The structure, which is required to be followed by mutual funds in India, is laid down by:
a. Finance ministry
b. SEBI
c. Fund Sponsor
d. AMFI
18. The most important factor to look for when investing in a corporate fixed deposit is the
a. Yield
b. Rate of interest
c. Credit rating of the deposit
d. None of the above
19. Risk arising from a scheme’s investment objective/strategy and proposed asset allocation is
a. Not a risk at all
b. Common to all schemes
c. Specific to that scheme
d. Not applicable to debt funds
22. Which of the following is true about the fundamental attributes of a scheme
a. Investment objectives of a scheme are not a fundamental attribute
b. These can be changed after informing investors and taking approval from SEBI and Trustees
c. OD need not be updated after change in fundamental attributes of a scheme
d. All are false
24. The NAV of an Open-ended scheme is 15. What can be the maximum entry load charged to the
investor?
a. 2.25% of 10
b. 2.25% of 15
c. 7% of 15
d. 7% of 10
36. Systematic Withdrawal Plan allows investors to get back the principal amounts invested in
addition to the income on investment
a. True
b. False
44. As a financial planner, which of the following would you suggest for a person who can take a
moderate risk
a. Aggressive growth fund
b. Aggressive equity fund
c. Diversified equity fund
d. Sectoral fund
47. What would be the maximum initial issue expenses charged from the investors, if the amount
mobilized from a mutual fund NFO is Rs. 50 crore.
a. Rs. 5 crore
b. Rs. 2 crore
c. Rs. 3 crore
d. Rs. 1 crore
48. When interest rates for similar maturities bonds are 11.5%, bond with a 8% coupon rate will
become:
a. More attractive
b. Less attractive
c. At par
d. The price is unrelated to the interest rates for similar securities.
49. What would be a suitable benchmark to evaluate a closed-end debt fund?
a. BSE Sensex
b. I-sec’s Si-bex
c. Crisil Composite Bond Fund Index
d. S & P CNX Nifty
51. What is Bogle’s suggestion regarding the ‘rule of thumb’ for asset allocation?
a. 50% equity and 50% debt
b. 60% equity and 40% debt
c. An investor’s allocation to debt should be equal to his age.
d. Investor should not do any re-balancing of his/her portfolio.
52. What should be the recommended portfolio for an investor who is risk averse in his transition
phase?
a. Higher allocation to equity funds
b. Higher allocation to debt instruments
c. Investments only in equity
d. He should not invest anywhere
54. What is the proof that the investor has invested in mutual fund units?
a. The investors receive units commensurate with the investment made.
b. Investors get an account statement, showing their holdings and their price.
c. The receipt of money acts as the proof
d. None of the above
55. What is the maximum time given to the Asset management company to give their reply after the
observations made by SEBI to a new fund scheme filed with it?
a. 2 months
b. 3 months
c. 4 months
d. 6 months
56. How would you convince a first-time investor who is risk-averse to invest in mutual funds in
comparison to a bank deposit?
a. Mutual funds is the right choice to grow your wealth at a fast pace
b. Mutual fund has the likelihood of giving more growth than the bank deposit as the investment
is in a diversified portfolio of securities.
c. Investment in Mutual fund doubles your money in 3 years.
d. All of the above
75. Which of the following Mutual Fund was setup after 1963 but before 1987?
a. SBI Mutual Fund
b. Can Bank Mutual Fund
c. LIC Mutual Fund
d. None of the above
ANSWERS
1 a 31 b 61 a
2 a 32 c 62 d
3 d 33 d 63 d
4 d 34 b 64 b
5 514.32 35 b 65 c
6 d 36 a 66 d
7 19.70 37 c 67 a
8 c 38 d 68 d
9 d 39 b 69 d
10 a 40 c 70 c
11 d 41 b 71 b
12 c 42 d 72 d
13 b 43 d 73 d
14 b 44 c 74 c
15 a 45 a 75 d
16 c 46 b
17 d 47 c
18 c 48 b
19 c 49 b
20 c 50 d
21 c 51 c
22 a 52 b
23 a 53 c
24 c 54 b
25 b 55 d
26 c 56 b
27 c 57 a
28 d 58 b
29 d 59 b
30 a 60 b