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Units from an open-ended mutual fund are bought

A. on a stock exchange
B. from the fund itself
C. from AMFI
D. from a stock broker
E. I am not attempting this question
ANSWER: B

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A mutual fund is not

A. owned jointly by all investors
B. a company that manages investment portfolios
of high networth individuals
C. a pool of funds used to purchase securities on
behalf of investors
D. a collective investment vehicle
E. I am not attempting this question
ANSWER: B

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"Load" cannot be recovered

A. at the time of the investor's entry into the fund
B. as a fixed amount each year
C. at the time the investor exits the fund
D. from the fund's distribution agent
E. I am not attempting this question
ANSWER: D

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The most important advantage of a money market

mutual fund is
A. quick capital appreciation
B. high regular income
C. safety of principal
D. no loads
E. I am not attempting this question
ANSWER: C

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Some close-ended funds are quoted at a discount

to their NAV because
A. of high expense ratios
B. investors do not expect the current NAV to be
sustained in future
C. the repurchase price fixed by the fund in lower
than the NAV
D. of the inherent risk involved in investing in such
type of funds
E. I am not attempting this question
ANSWER: B
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The NAV of each scheme should be updated on

AMFI's website
A. every quarter
B. every month
C. every hour
D. every day
E. I am not attempting this question
ANSWER: D

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Debt funds target

A. low risk and stable income
B. protection of principal
C. high growth with risk
D. long term capital appreciation
E. I am not attempting this question
ANSWER: B

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In which of the following do debt funds not invest

A. government debt instruments
B. corporate paper
C. financial institutions' bonds
D. equity of private companies
E. I am not attempting this question
ANSWER: D

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Which of the following risks do not affect a debt

fund
A. default by issuer on payment of interest or
principal
B. price fluctuations of the debt securities
C. share price movements
D. interest volatility
E. I am not attempting this question
ANSWER: C

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Assured return or guaranteed monthly income plans

are essentially
A. Hybrid funds
B. Growth Funds
C. Debt/Income funds
D. Sector funds
E. I am not attempting this question
ANSWER: C

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