Mutual Fund Sample Paper II

3ue 4 A B C $ 3ue / A B C $ 3ue 0 A B C $ 3ue 5 A B C $ 3ue * A B C $ 3ue 8 A B C $ 3ue = A B C $ 3ue 7 A B C $ 3ue A A B C $ 3ue 49 A B

In case of ar#et correction @@@@@@@ , ta#es @@@@@@@ Fund6 Growth , Value Mo entu Growth , , Value o entu Value , Growth

ore hit than

3ue 44 Which of the following need not be included in KIM? A B C $ 3ue 4/ A B C $ 3ue 40 Which is purel+ treated as an international asset A B C .1uit+ Gold "eal .state $ebt ,ransfer of securit+ fro allowed in MF ,"-. FA)'. one sche e to another sche e is Functional sponsored trustee and AMC Mini u in!est ent a ount and cut off ti e "is# profile of the sche e %pening and closing dates of &F% As per inco e ta: act, Arbitrage Funds are ta:ed as per debt sche e ,"-. FA)'.

'ponsor(s net worth should be positi!e for )ast * +ears last / +ears last 0 +ears last +ear At ti e of &F%, which docu ent co pulsoril+ filed with '.BI 'I$ 'AI Annual "eport Me orandu and Articles of Association

$ 3ue 45 A B C $ 3ue 4* A B C $

Collection and pa+ ent of fund is a responsibilit+ of Custodian "2, Ban#er AMC %ther than Indian residents, rest ha!e to also co pl+ "BI regulations ,"-. FA)'.

Calculate the sales price of a unit when &AV is 4* and e:it load 4< 4* 4567* 4*64* 4*6* If +ou get a che1ue of 4 cr in a Gilt Fund at /609 p , &AV date will be &AV at /609p &AV at 0p 'a e da+ &AV &AV of fund reali;ation date AMFI '.BI AMC none of the abo!e Which distribution channel don(t ha!e a huge branch networ#? Institution Corporate distributor Ban# IFA

Which of the following not included in KIM $etails of Ke+ personal of AMC ,a: benefit of MF .:pense and )oad structure of sche e $ue diligence certificate of AMC Function of %$ is Gi!e details infor ation about sche e to in!estors Gi!e current &AV Gi!es Fund suggestion &one of the abo!e What should be the 'ector Fund Allocation for a single inco e fa il+ ha!ing s all in!estable surplus 9< =9< *9< 09< Which e:pense can not charged to sche e? %ffice rent of registered >% . plo+ee salar+ of fund anage ent tea Fees of custodian and fund accountant General ad inistration e:pense of AMC )ow ?. indicates that stoc# is cheap and +ou should bu+ it ,"-. FA)'.

3ue 48 A B C $ A B C $ 3ue 47 A B C $

3ue 4= Who allots A fi "egistration &u ber?

3ue 4A $i!idends in the hands of in!estors are ta:able at the rate of A B C $ 964 964* 9600 ,a: Free odule portfolio

3ue /9 last step in the process of designing A B 'ector selection Asset allocation

C $ 3ue /4 A B C $ 3ue // A B C $ 3ue /0 A B C $ 3ue /5 A B C $ 3ue /* A B C $ 3ue /8 A B C $ 3ue /= A B C $ 3ue /7 A B C $ 3ue /A A B C $ 3ue 09 A B C $ 3ue 54 A Which categor+ of in!estors can in!est in MF is gi!en in KIM 'AI MI& 'I& Who can(t be the distributor of the AMC 'ponsor Associates of 'ponsor . plo+ees of AMC ban#er Value of Bond goes down when Interest rate goes down Goal based approach of financial planning focus on "is# profiling Achie!e ent of the goal of in!estors ,a: liabilit+ of in!estors in!estable surplus of the in!estor What is the rate of return of ??F 96/ 9697 969A 969A What is the indicator of the ris# adBusted perfor ance ratio? Beta 'tandard $e!iation 'harpe(s "atio Variance Interest "ate sensiti!it+ in Bond fund depends on Credit ?rofile A!g Maturit+ C,M Current Cield '.BI doesn(t allow passing of co distributor In!estor ban# IFA If +ou get a *9) in e1uit+ fund at 0E09 p the &AV of +esterda+ toda+ to orrow &AV of fund reali;ation date Inde: against which perfor ance of a fund , is is called trac#ing error bench ar# in!est ent obBecti!e .:D ar# FM? are essentiall+ a closed ended 'che e ,"-. FA)'. easured , it toda+,in!estors get ission to

C $ A B C $ A B C $

'che e selection Client selection eans ?utting all eggs in 'a e bas#et In!esting according to Mar#et In!esting to different assets in!esting onl+ in .1uit+ Gold and 'il!er ,"-. FA)'.

3ue 04 Asset allocation

3ue 0/ MI? is a $ebt 'che e

3ue 00 Asset allocation should be in line with A B C $ 3ue 05 A B C $ A B C $ in!est ent 'urplus In!est ent 'hortage Financial Goal Financial position A +oung in!estor ha!ing obBecti!e of capital appreciation should in!est in GI), )i1uid .1uit+ debt .1uit+ $ebt Gold debentures ar#et is easured b+

3ue 0* In &?' classDC predo inantl+ in!est in

3ue 08 Fund(s ris# relati!e to A B C $ trac#ing error 'harps( "atio ,re+nor Beta

3ue 0= Which one is false about debenture A B C $ 3ue 07 A B C $ A B C $ A B C $ Issued b+ ?'>igh credit ris# It has aturit+ $uration is greater than 4 +r In!estor has read the %$ and then the in!ested in the fund and fund goes down, then he gets re ed+ fro Gets re ed+ fro gets re ed+ fro e1uit+ $eri!ati!es .1uit+ MF .1uit+ 'che es All of Abo!e Custodian Accounting $istribution fund anage ent '.BI AMC &'. Cant 'ue the AMC

3ue 0A ',, charge on

3ue 59 Which function AMC cant do in house

An sche e open for subscription after the appro!al of 3ue *0 @@@@@@@@@@@@@ A '.BI

B C $ 3ue 5/ A B C $ 3ue 50 A B C $ 3ue 55 A B C $ 3ue 5* A B C $ 3ue 58 A B C $ 3ue 5= A B C $ 3ue 57 A B C $ 3ue 5A A B C $ 3ue *9 A B C $ 3ue *4 A B C $ 3ue */

interest rate goes up I"" goes down C,M goes down Which one is not e:e pted in wealth ta: gold sector fund gold deposit gold .,F gold Institutional distributors needs to be registered with '.BI registered with AMFI )isted on stoc# e:change All of Abo!e 'tandard ris# are unco co on to all on to all

B C $ A B C $

AMFI ,"-',.. AMC e ber of a fi6 ,"-. FA)'.

3ue *5 Mutual fund distributor in India are

3ue ** Mutual fund in india is regulated b+ '.BI act 4AA86 A B C $ 3ue *8 Which is appointed b+ trustee? A B C $ Custodian $istributor AMC "2, ,wice in a +ear 3uarterl+ once in a +ear once in two +ear ore ris#+? ,"-. FA)'.

specific to a sche e s+ste atic "e1uest for purchase can be in units and a ount in units onl+ in units or a ounts in a ount onl+ In &?' in!estors get choice of the asset class but donFt get choice of in!est ent anager ,"-. FA)'. ade

3ue *= KIM has to update it(s docu ent A B C $

3ue *7 Which of the following is A B C $ )i1uid fund Inde: fund growth fund gilt fund

In case of online transaction, transaction ti e is applicable ti e shown in the co puter of in!estor ti e as per web ser!er id night ne:t da+ orning If in!estors in!est through de at can AMC as#s for KCC re1uire ent ,"-. FA)'.

3ue *A Material changes in KIM need to be updated once in a +ear A B C $ 3ue 89 A B C $ Which of the following fund in!est ent help an econo + ost "eal estate Gold .,F debt fund share of gold ining co panies If an in!estor wants full e:posure of gold his in!est ent should be into Gold .,Fs ?h+sical gold shares of gold all of the abo!e If an in!estor in!est 4 la#h rupees in a debt fund after 08* da+s it(s !alue is 49==*8GD what is CAG"? 9697 969= 49< or /9< with inde:ation insufficient data If an in!estor in!est 499,99,999 at 0609 p che1ue he will get &AV of 'a e da+ closing !alue When fund credited pre!ious da+ closing !alue ne:t da+ closing !alue ission to ad!isor helps in DD through outstation ining co pan+ ,"-. FA)'.

According to the asset allocation rule, e1uit+ e:posure should be e1ual to age 499Dage ageD499 499< Mutual fund is ade up of

3ue 84 A B C $ 3ue 8/ A B C $ 3ue 80 A B C $

pool of trustees fund pool of institutional in!estors pool of in!est ent pool of in!est ent anagers one+ utual funds?

Who can not in!est in Foreign co panies Ban#s insurance co panies &BFC

Which is sa e as of %$?

3ue 85 ,rail co

A B C $ 3ue 8* A B C $ 3ue 88 A B C $ 3ue 8= A B C $ 3ue 87 A B C $ 3ue 8A A B C $ 3ue =9 A B C $ 3ue =4 A B C $ 3ue =/ A B C $ 3ue =0 A B C $ 3ue =5 A B C

'I$ 'AIH'I$ 'AI KIM su arr+ of 'AI H 'I$6 .:it load is @@@@@@@@@@b+ '.BI6 'a e for all sche es 'a e for all a c(s Varies fro Varies fro in!estor to in!estor sche e to sche e6

A B C $ A B C $

"etaining the in!estor for long ter 6 ?ortfolio Churning &ew client ac1uisition &one of the abo!e utual funds areD Go!t6 institutions Co pan+ ,rust &BFC

3ue =* In India

Coung arried couple should in!est in the following e1uit+ 2 debt ratioDD I*9E*9 I8*E0* I499E99 I/9E09 Which fund is an acti!e fund Inde: fund $i!ersified e1uit+ fund Growth fund B2C Arrange in correct se1uence "is# profile, fund allocation, portfolio construction6 "is# profile, portfolio construction, fund allocation6 ?ortfolio construction,ris# profile, fund allocation6 Fund allocation6 ris# profile, portfolio constructio Which of the following is against the ethics 2 Code of conduct guide line of AMFI In!esting fro one sche e to another sche e anage ent?

3ue =8 Initial e:penses in a li1uid fund can beD A B C $ 9 969994/* 9 none of the abo!e

A sche es &AV !alue increases for the period of / +rs 6 it will 3ue == showD A B C $ 3ue =7 A B C $ Absolute return 'i ple return co pounded return all of the abo!e In KIM it has been entioned that the 8*< in!est ent will be in e1uit+ and e1uit+ related instru ent6 this is calledD ?olic+ of sche e %bBecti!e of sche e portfolio of sche e &one of the abo!e6

3ue =A KIM is attached with ? A B C $ A B C $ ,ransaction slip Both a 2 b application for neither a nor b Volu e 2 price beha!ior Mar# to ar#et boo# !alue anal+sis all of the abo!e6

All the associates of a distributor should be a fi appro!ed6 Keeping the interest of all unit holders All of the abo!e Mini u 96* 968 965 96/* An in!estor is suggested to #eep his in!est ent portfolio in the 8*E0* ratioJe1uit+ 2debtK for all ti e it is aD ,actical portfolio6 'trategic portfolio6 fi:ed portfolio !ariable portfolio6 ?an card is not re1uired in case ofD &"I Minor 2 'enior Citi;en Corporate institution 2 trust6 none of the abo!e FM? can gi!e better interest than a ban# ,"-. FA)'. contribution of a sponsor in an AMC should beD

3ue 79 Which is technical anal+sisD

3ue 74 Which is an international fundD A B C $ A B C $ 3ue 70 A B C $ Foreign fund Gold fund Both &one of the abo!e6 Custodian AMC "2, $istributor If an in!estor in!est in li1uid fund after 0E09 p will be applicable6 'a e da+ &e:t da+ ?re!ious da+ none of the abo!e achine containsD which &AV

3ue 7/ Who #eeps detail report of transactionD

,he insurance associated wit pension sche es are regulated b+D ?F"$A H I"$A I"$A ?F"$A

3ue 75 ,i e sta p A B C

,i e sta ping serial no Machine identification location code

$ 3ue 7* A B C $ 3ue 78 A B C $ 3ue 7= A B C $ 3ue 77 A B C $ 3ue 7A A B C $ 3ue A9 A B C $ 3ue A4 A B C $ 3ue A/ A B C $ 3ue A0 A B C $ 3ue A5 A B C $ 3ue A* A B C $

&one of the abo!e6 ,he e:pected return 2 +ield of the sche e is KIM ,"-. FA)'. entioned in

$ 3ue A8 A B C $

all of the abo!e ,he &AV of a fund is 4* applicable e:it load is 4<,post &AV would beD 4567* 4* 4*6/* 4*68*

>ow fre1uentl+ &AV of an e1uit+ sche e are calculated $ail+ Wee#l+ 3uarterl+ once in financial +ear6 If beta of a sche e is less than one the the fund isD More ris#+ co pare to )ess ris#+ co pare to beta doesn(t "is# co!erage In!est ent Both &one of the abo!e -nit capital is issued atD 49 /* *9 499 Fund anage ent cost is ore inD ?assi!e fund Gilt fund )i1uid fund Acti!e fund6 Independent trustee are appointed b+D 'ponsor '.BI AMFI All of the abo!e $istributors are paidD Co Fees 'alar+ All of the abo!e K+c is re1uired forD Guardian in case of >-F 'ole proprietorship fir All of the abo!e6 KCC is co pulsor+ D For e!er+ in!est ent *9999 *9999 and abo!e first ti e in!est ent For ula for CAG" calculation is Interest L &o of +ears J?4D?9KG?%L499 ?LJ4H"KMn &one of abo!e inor ission ar#et ar#et

3ue A= In case of breach of Code of conduct license is canceled b+D A B C $ A B C $ A B C $ AMFI '.BI 'ponsor AMC ?artial withdrawal facilit+ is a!ailable after one +ear In!est ent 2 return are ta: free6 Both &one of the abo!e plan series isD As open ended fund A closed ended fund A fi:ed ter A fi:ed ter ban# deposit corporate bond

3ue A7 Which is true in case of ??F

neither ris#+ nor profitable6 a#e an+ i pact on sche e perfor ance What is not true obBecti!e of life insuranceD

3ue AA A fi:ed ter

,he ?G. ratio is an i portant easure of a co pan+(s 3ue 499 anticipated perfor ance6 it is calculated using6 A B C $ Mar#et price and di!idend Mar#et price and earning per share Mar#et capitali;ation and di!idend Mar#et price and face !alue

ANSWER
Ans 4 Ans / Ans 0 Ans 5 Ans * Ans 8 Ans = Ans 7 Ans A Ans 49 Ans 44 Ans 4/ Ans 40 Ans 45 Ans 4* Ans 48 Ans 4= Ans 47 Ans 4A Ans /9 Ans /4 Ans // Ans /0 Ans /5 Ans /* Ans /8 Ans /= Ans /7 Ans /A Ans 09 Ans 04 Ans 0/ Ans 00 Ans 05 Ans 0* Ans 08 Ans 0= Ans 07 Ans 0A Ans 59 Ans 54 Ans 5/ Ans 50 Ans 55 Ans 5* Ans 58 Ans 5= Ans 57 Ans 5A Ans *9 C C A $ A $ A A $ A A B B B B C A $ $ C B B C A B C B A A C C A $ C B $ A B $ $ B $ B B $ A B B B $ Ans *4 Ans */ Ans *0 Ans *5 Ans ** Ans *8 Ans *= Ans *7 Ans *A Ans 89 Ans 84 Ans 8/ Ans 80 Ans 85 Ans 8* Ans 88 Ans 8= Ans 87 Ans 8A Ans =9 Ans =4 Ans =/ Ans =0 Ans =5 Ans =* Ans =8 Ans == Ans =7 Ans =A Ans 79 Ans 74 Ans 7/ Ans 70 Ans 75 Ans 7* Ans 78 Ans 7= Ans 77 Ans 7A Ans A9 Ans A4 Ans A/ Ans A0 Ans A5 Ans A* Ans A8 Ans A= Ans A7 Ans AA Ans 499 A B A A A C C C B C A B A A $ B $ B $ C B $ A B C A C A C A A C B $ B A B B A $ A A $ A C A A B B B