Question 1

What is Full Form of AGNI?

AMFI Guidelines and Norms for Intermediaries
ARMI's Geo Nuclear Injector
Agents gross net Income
None of the above

Answer

Correct Option: A

Question 2

A closed-end mutual fund has a fixed:

Tenure
Rate of return
Number of distributors
NAV

Answer

Correct Option: A

Question 3

The limit on maximum entry or exit load that a fund can charge is determined by the:

SEBI
AMPI
Agents based on demand for the fund
AMC

Answer

Correct Option: A

Question 4

The amount required to buy 100 units of a scheme having an entry load of 1.5% and NAV of Rs. 20 is

Rs.2015
Rs.1985
Rs.2030
Rs. 2000

Answer

Correct Option: C

Question 5

In a gilt fund the money is invested in:

In instruments issued by companies with a sound track record
In short-term securities
In government securities only
In very high quality equity only

Answer

Correct Option: C

Question 6

The highest risk is associated with of the following kind of funds

Gilt Funds
Equity Growth Funds
Debt Funds
Balanced Funds

Answer

Correct Option: B

Question 7

The NAV of a mutual fund

Keeps going up at a steady rate
Fluctuates with market price movements
Cannot go down at all
Is always constant

Answer

Correct Option: B

Question 8

An open-end mutual fund is one that has:

Units available for sale and repurchase at all times
An upper limit on its NAV
A fixed fund size
An option to invest in any kind of security

Answer

Correct Option: A

Question 9

An investor in a closed-end mutual fund can get money back before maturity by selling units:

To a special trust at NAV
On a stock exchange where the fund is listed
To the agent through which he/she subscribed to the units of the fund
Back to the fund

Answer

Correct Option: B

Question 10

A mutual fund is owned by

SEBI
All its investors
AMFI
The Govt. of India

Answer

Correct Option: B

Question 11

The load charged to an investor in a mutual fund is

Cost of the paper on which the unit certificates are printed
The fee the agent charges to the investor
The expenses incurred for marketing and selling a mutual fund scheme
Entry fee

Answer

Correct Option: C

Question 12

Units from an open-end bought from

The fund itself
AMPI
The Banks mutual fund are
A stock exchange

Answer

Correct Option: A

Question 13

Load cannot be recovered

As a fixed amount each year
At the time, the investor exits the fund
From the fund's distribution agent
At the time of the investor's entry into the fund

Answer

Correct Option: C

Question 14

The most important attribute of a money market mutual fund is

High regular income
Safety of principal
No loads
Quick capital appreciation

Answer

Correct Option: B

Question 15

A mutual fund is not

A company that manages investment portfolios of high net worth individuals
A pool of funds used to purchase securities on behalf of investors
A collective investment vehicle
Owned jointly by all investors

Answer

Correct Option: A

Question 16

The NAV of each scheme should be updated on AMFI's website

Every month
Every hour
Every day
Every quarter

Answer

Correct Option: C

Question 17

Some closed-end funds are quoted at a discount to their NAV because

Investors do not expect the current NAV to be sustained in future
The repurchase price fixed by the fund in lower than the NAV
Of the inherent risk involved in investing in such type of funds
Of high expense ratios

Answer

Correct Option: A

Question 18

Debt funds target

Protection of principal
High growth with risk
Long term capital appreciation
Low risk and stable income

Answer

Correct Option: D

Question 19

Which of the following risks do not affect a pure debt fund?

Price fluctuations of the debt securities
Share price movements
Interest volatility
Default by issuer on payment of interest or principal

Answer

Correct Option: B

Question 20

In which of the following investment is not made by debt funds?

Corporate paper
Financial institutions' bonds
Equity of private companies
Government debt instruments

Answer

Correct Option: C

Question 21

Assured return or guaranteed income plans are essentially

Growth Funds
Debt funds
Sector funds monthly
Hybrid funds

Answer

Correct Option: B

Question 22

A Fixed Term Plan (FTP) or a Fixed Maturity Plan (FMP) is

A closed-end fund
A fixed term bank deposit
A fixed term corporate bond
An open-end fund

Answer

Correct Option: A

Question 23

The highest potential for capital appreciation is offered by

Gilt funds
Growth funds
Balanced funds
Debt funds

Answer

Correct Option: B

Question 24

NAVs of equity funds are not affected by

Events affecting the industry/sector in which the fund has invested
Happenings in the companies in which the fund has invested
Real estate prices
Stock market movements

Answer

Correct Option: C

Question 25

Which of the following are not true for Equity Linked Savings Schemes?

There is a lock-in period before investment can be withdrawn
There are not specific restrictions on investment objectives for the fund managers
These funds cannot invest in shares of listed companies
Investors can claim an income tax benefit

Answer

Correct Option: C

Description: AMFI MOCK TEST PAPER TEST PREPARATION AND PRACTICE MATERIAL
Number of Questions: 25
Created by: Amit Pandey
Tags: AMFI MOCK TEST PAPER Test AMFI MOCK TEST PAPER AMFI MOCK TEST AMFI MOCK PAPER MOCK TEST AMFI EXAM AMFI TEST Mutual Funds

Practice Test (Mutual Fund)

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