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Amfi

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AMFI Practice Test
Series A

1) A mutual fund is not a) A company that manages an investment portfolio. b) A portfolio of stocks, bonds and other securities. c) A pool of funds used to purchase securities on behalf of investors d) A collective investment vehicle.

2) Which of the following is true? Some close end funds sell at a discount to their NAV, because a) Of high expense ratios b) Investors expect that current NAV cannot be sustained by future potential c) The repurchase price fixed by the fund is lower than the NAV d) Of the inherent risk of closed end funds.

3) If the entry load is 2% and the NAV is Rs. 10, then the investor will have to pay for 1000 units a) Rs. 15000 b) Rs. 8000 c) Rs. 12000 d) Rs. 10200

4) Which of the following Mutual Funds was not set up within the Phase 2:1987-1993? a) Canbank Mutual Fund b) Kothari Pioneer Mutual Fund c) SBI Mutual Fund d) LIC Mutual Fund

5) Which of the following is not a benefit from a Mutual Fund? a) Investor has custody of securities where fund invests. b) Investor is able to diversify risk c) Investor can save costs d) Investor can get professional management to manage his money.

6) Which of the following has the lowest risk? a) Liquid Fund (MMMF) b) Gilt Fund c) Diversified debt fund d) Diversified equity fund

7) The current Mutual Fund Regulations from SEBI was introduced in a) 1992 b) 1994 c) 1996 d) 1998

8) The sponsor of a mutual fund may be compared to: a) A director in a company b) The chief executive of a company c) The promoter of a company d) An equity shareholder of a company

9) Issuing additional fresh units and redeeming the existing units of a mutual fund…...

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