MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
--------------------- is a supplementary document that contains additional information of the fund. |
| A. | SID |
| B. | SAI |
| C. | KIM |
| D. | OD |
| Answer» C. KIM | |
| 2. |
ETF stands for ____________. |
| A. | Exchange Traded Funds |
| B. | Even Traded Funds |
| C. | Exchange Transactions Funds |
| D. | Extra Traded Funds |
| Answer» B. Even Traded Funds | |
| 3. |
A minimum start-up capital of about ______________is required for close-ended schemes |
| A. | 150 million |
| B. | 100 million |
| C. | 350 million |
| D. | 200 million |
| Answer» B. 100 million | |
| 4. |
The funds in which units can be purchased only during the initial offer period are called |
| A. | Open-Ended Fund |
| B. | Close-Ended Funds |
| C. | Interval Funds |
| D. | Fixed maturity plan |
| Answer» C. Interval Funds | |
| 5. |
Presently there are __________ AMC in India |
| A. | 40 |
| B. | 50 |
| C. | 44 |
| D. | 39 |
| Answer» D. 39 | |
| 6. |
______________ are considered high-risk funds but also tend to provide high returns. |
| A. | Equity Fund |
| B. | Money Market Funds |
| C. | Balanced or Hybrid Funds |
| D. | Debt Funds |
| Answer» B. Money Market Funds | |
| 7. |
Which of the following is not a limitation of mutual funds? |
| A. | No guarantee of return |
| B. | Fees and Expenses |
| C. | Poor Performance |
| D. | Professional Management |
| Answer» E. | |
| 8. |
The feature of a mutual fund, where it spreads the investment in varied stocks and sectors by pooling thefunds of various investors, is called as ______________. |
| A. | Professional Management |
| B. | Affordability |
| C. | Diversification |
| D. | Profit |
| Answer» D. Profit | |
| 9. |
_______________ Mutual fund company was set up as a joint venture between RBI and Government ofIndia |
| A. | UTI MF |
| B. | LIC MF |
| C. | SBI MF |
| D. | ICICI MF |
| Answer» B. LIC MF | |
| 10. |
_______________ schemes not exposed to sudden and large movements of funds. |
| A. | Fixed maturity plan |
| B. | Open-Ended Funds |
| C. | Close-Ended Funds |
| D. | Interval fund |
| Answer» D. Interval fund | |
| 11. |
Nippon India Pharma fund is an example of ______________. |
| A. | Sector Fund |
| B. | Index Funds |
| C. | Equity funds |
| D. | Global funds |
| Answer» D. Global funds | |
| 12. |
Who establishes the Mutual Fund in India? |
| A. | Securities Exchange Board of India |
| B. | Asset Management Company |
| C. | Sponsor |
| D. | Shareholders |
| Answer» D. Shareholders | |
| 13. |
The Mutual fund industry follows which of the following regulation? |
| A. | SEBI (Mutual fund) regulations 1996 |
| B. | Mutual fund regulation 2004 |
| C. | Mutual fund regulation 2003 |
| D. | RBI |
| Answer» B. Mutual fund regulation 2004 | |
| 14. |
_____________ are also known as the protectors of the fund and are employed by the fund sponsor. |
| A. | Sponsor |
| B. | Trustees |
| C. | Asset Management Company |
| D. | Custodian |
| Answer» C. Asset Management Company | |
| 15. |
. UTI mutual fund was set up in the Year _______________. |
| A. | 1963 |
| B. | 1986 |
| C. | 1956 |
| D. | 1947 |
| Answer» B. 1986 | |
| 16. |
Dividend income received from mutual in the hands of unit holders |
| A. | Fully Taxable |
| B. | Fully Exempt |
| C. | Partly Exempt |
| D. | Partly Taxable |
| Answer» C. Partly Exempt | |
| 17. |
________________ regulates the Mutual fund industry in India. |
| A. | Reserve Bank of India |
| B. | Association of Mutual Funds of India |
| C. | Securities Exchange Board of India |
| D. | State Bank of India |
| Answer» D. State Bank of India | |
| 18. |
A _________________ is a trust that pools the savings of a number of investors who share commonfinancial goals. |
| A. | Share |
| B. | Mutual Funds |
| C. | Government Securities |
| D. | Derivatives |
| Answer» C. Government Securities | |
| 19. |
In India, AMC must be registered with____________. |
| A. | Company’s Act, 2013 |
| B. | No registration required. |
| C. | Securities Exchange Board of India |
| D. | Reserve Bank of India |
| Answer» D. Reserve Bank of India | |
| 20. |
____________ are funds that invest in company debentures, government bonds and other fixed-incomeassets. |
| A. | Equity Fund |
| B. | Money Market Funds |
| C. | Balanced or Hybrid Funds |
| D. | Debt Funds |
| Answer» E. | |
| 21. |
What are the reasons for economies of scale to the benefit of Mutual funds? |
| A. | Large volumes of trade |
| B. | Portfolio diversification |
| C. | Risk reduction |
| D. | Loss |
| Answer» C. Risk reduction | |
| 22. |
HDFC Sensex ETF is an example of ____________. |
| A. | Sector Fund |
| B. | Index Funds |
| C. | Fund of funds |
| D. | International funds |
| Answer» C. Fund of funds | |
| 23. |
A minimum start-up capital of about ______________is required for open-ended schemes |
| A. | 500 million |
| B. | 1000 million |
| C. | 350 million |
| D. | 200 million |
| Answer» E. | |