1. Which of full form of AMFI?
A. Avid Mutual Fund Investor
B. Association of Mutual Funds of India
C. Aditya Birla Mutual Fund Inc.
D. None of these
2. The trustees of the mutual fund hold the property of the fund for the benefit of the sponsors. True
or False?
A. True B. False
3. These funds/scheme have a fixed maturity date. The units are issued at the time of the initial offer
and redeemed only on maturity. Which scheme/fund are we referring to?
A. Open ended scheme
B. Closed ended scheme
C. Both of the above
D. None of the above
4. Equity Linked Savings Scheme (ELSS) are tax savings scheme. True or False?
A. True B. False
5. The market value of the securities of a mutual fund scheme is Rs. 501.80 lakhs. There are expenses/
liabilities of Rs. 20 lakhs that are to be adjusted for the scheme. The total number of outstanding units
of the funds are 18,24,000. Which of these is the NAV of the mutual fund scheme?
A. Rs. 26.4144 B. Rs.27.5109 C. Rs. 25.0911 D. None of these
6. On an annualised return basis, which of these investment options (funds) give better return?
A. Fund A: Return since inception - 6%; Time since existence - 6 months
B. Fund B: Return since inception - 4%; Time since existence - 2 months
C. Fund C: Return since inception - 8%; Time since existence - 8 months
D. Fund D: Return since inception - 12%; Time since existence - 9 months
7. If risk free return is 5%, and a scheme with standard deviation of 0.5% earned a return of 7%, its
Sharpe ratio would be_________.
A. 4 B. 4.5 C. 5 D. 5.5
8. If risk free return is 5%, and a scheme with beta of 1 earned a return of 7%, its Treynor Ratio would
be ___________.
A.1 B.1.5 C. 2 D. 2.5
9. As advised by SEBI, Risk-o-meter has five levels of risk for mutual fund schemes. True or False?
A. True B. False
10. Risk premium is the difference between the risk-free rate of return and the return earned by the
scheme. True or False?
A. True B. False
11. Financial planning involves six steps. True or False?
A. True B. False
12. Which regulations of SEBI are applicable for advisory services on investment?
A. SEBI Listing Obligations and Disclosure Requirements (SEBI LODR) Regulations, 2015
B. SEBI Issue of Capital and Disclosure Requirements (SEBI ICDR) Regulations, 2009
C. SEBI Investment Advisers Regulations, 2013
D. None of these
13. Reviewing and monitoring the financial planning recommendations is not a step in the financial
planning process. True or False?
A. Avid Mutual Fund Investor
B. Association of Mutual Funds of India
C. Aditya Birla Mutual Fund Inc.
D. None of these
2. The trustees of the mutual fund hold the property of the fund for the benefit of the sponsors. True
or False?
A. True B. False
3. These funds/scheme have a fixed maturity date. The units are issued at the time of the initial offer
and redeemed only on maturity. Which scheme/fund are we referring to?
A. Open ended scheme
B. Closed ended scheme
C. Both of the above
D. None of the above
4. Equity Linked Savings Scheme (ELSS) are tax savings scheme. True or False?
A. True B. False
5. The market value of the securities of a mutual fund scheme is Rs. 501.80 lakhs. There are expenses/
liabilities of Rs. 20 lakhs that are to be adjusted for the scheme. The total number of outstanding units
of the funds are 18,24,000. Which of these is the NAV of the mutual fund scheme?
A. Rs. 26.4144 B. Rs.27.5109 C. Rs. 25.0911 D. None of these
6. On an annualised return basis, which of these investment options (funds) give better return?
A. Fund A: Return since inception - 6%; Time since existence - 6 months
B. Fund B: Return since inception - 4%; Time since existence - 2 months
C. Fund C: Return since inception - 8%; Time since existence - 8 months
D. Fund D: Return since inception - 12%; Time since existence - 9 months
7. If risk free return is 5%, and a scheme with standard deviation of 0.5% earned a return of 7%, its
Sharpe ratio would be_________.
A. 4 B. 4.5 C. 5 D. 5.5
8. If risk free return is 5%, and a scheme with beta of 1 earned a return of 7%, its Treynor Ratio would
be ___________.
A.1 B.1.5 C. 2 D. 2.5
9. As advised by SEBI, Risk-o-meter has five levels of risk for mutual fund schemes. True or False?
A. True B. False
10. Risk premium is the difference between the risk-free rate of return and the return earned by the
scheme. True or False?
A. True B. False
11. Financial planning involves six steps. True or False?
A. True B. False
12. Which regulations of SEBI are applicable for advisory services on investment?
A. SEBI Listing Obligations and Disclosure Requirements (SEBI LODR) Regulations, 2015
B. SEBI Issue of Capital and Disclosure Requirements (SEBI ICDR) Regulations, 2009
C. SEBI Investment Advisers Regulations, 2013
D. None of these
13. Reviewing and monitoring the financial planning recommendations is not a step in the financial
planning process. True or False?
