nism question

7/23/2019 Nism Question

http://slidepdf.com/reader/full/nism-question 1/24

New Format

SAMPLE QUESTIONS

1 What is the advantage of G-Sec?

a) No Credit Risk

b) High Return

Right Answer A

Chater Na!e Return "Risk and #erfor!ance of $unds

% Sa!e da& NA' is a(icab(e for a(ication sub!itted before #* in the fo((owing case

a) Rs+ , akh invest!ent in ./uit& $und

b) Rs+ 1+,0 akh in ebt $und

c) Rs+ ,0"000 in i/uid $und

d) An& sche!e

Right Answer 2Chater Na!e 3nvestor service

$or Rs+ , akhs invested in G34 fund 5 6 #*" what NA' is a(icab(e?

a) Sa!e a& NA'

b) Ne7t a& NA'

c) NA' of the business da& on which the funds are avai(ab(e for uti(i8ation before cut-off ti!e

Right Answer C

Chater Na!e 3nvestor service

6 ife 3nsurance is !eant for

a) 3nvest!ent

b) 4a7 Saving

c) i/uidit&

d) Risk Coverage

Right Answer

Chater Na!e He(ing 3nvestors with financia( (anning

, 4he fo((owing distribution channe( is not (ike(& to have wide network for distributiona) 2anks

b) 3$A

c) Regiona( istributor

d) #ost 9ffice

Right Answer 2

Chater Na!e $und istribution and channe( !anage!ent ractices

: $ree risk rofi(ing too( is avai(ab(e with fo((owing co!anies websites

a) A*C

b) istribution Agencies

c) Research Agencies

d) A(( of the above

Right Answer

Chater Na!e Reco!!ending *ode( ortfo(ios and financia( (ans

; Aoint!ent of A*C can be ter!inated b&<<<<<

a) Centra( Govern!ent

b) ;,= of >nit Ho(ders

c) 4rusties

d) An& of the above

Right Answer 2

Chater Na!e $und Structure and constituent

*one& !arkets are regu(ated b&

a) R23

b) S.23

c) A*$3

d) Centra( Govern!ent

Right Answer A

Chater Na!e ega( and Regu(ator& .nviron!ent

@ $inancia( #(anner shou(d not give a(ternative (an to the c(ient as the c(ient !a& get confused with !an& otions+

a) 4R>.

b) $AS.

Right Answer 2


10 When share !arket corrects" a(tering the invest!ent strateg& is ca((ed

a) 4actica( A((ocation

b) Strategic A((ocation

c) *arket A((ocation

d) None of the above

Right Answer A


11 Who !anages the ension fund under N#S?

a) #ension $und *anagers

b) *utua( $unds

c) 3nsurance Co!anies

d) As er the choice of 3nvestor

Right Answer A

Chater Na!e Se(ecting Right 3nvest!ent roduct for investors1% No!ination is not ossib(e in the fo((owing asset

a) Go(d

b) Go(d .4$

c) Go(d Sector $und

d) Shares of Go(d *ining Co!anies

Right Answer A

Chater Na!e 3nvestor Service



New Format

1 Rede!tion of units in Stock .7change can be done rovided the units are he(d in

a) #h&sica( *ode

b) e!at *ode

Right Answer 2


16 Certificate of eosits are issued b& banks for a eriod of

a) ears

b) An& #eriod

c) @1 to :, a&s

d) As re/uired b& the investor

Right Answer C


1, Chi(dhood stage in ife C&c(e and Wea(th C&c(e are sa!e+

a) 4R>.

b) $AS.

Right Answer 2


1:

a) ,+@=

b) ,+@=

c) ata Not sufficient


Right Answer A


1;

a) %+00=

b) %+,0=c) 1+,0=

d) 1+00=

Right Answer A


1 >nder AGN3" the distributor has the right to aea( against order of A*$3 when his (icense is cance(ed+

a) 4R>.

b) $AS.

Right Answer 2


1@ $or!at of B3* is rescribed b&

a) S.23

b) 4rustees

c) A*C

d) Custodian

Right Answer AChater Na!e 9ffer ocu!ent

%0 2asic Rate of 4 for Cororate investor is <<<<<<

a) 10=

b) %,=

c) 0=

d) As er the ta7 s(ab of the investor

Right Answer C

Chater Na!e Accounting"'a(uation and 4a7ation

%1 What is the !arket rice of a stock having a #. Ratio of 10 and .#S of ,?

a) ,0

b) %

c) ,00


Right Answer A


%% #rocess of offering *$ Sche!es to the investors for the first ti!e is known as

a) 3#9

b) $#9

c) N$9

d) .S9#

Right Answer C

Chater Na!e concet and ro(e of a !utua( fund

% 9ffer ocu!ent shou(d contain the data of nu!ber of co!(aints received

a) 4R>.

b) $AS.

Right Answer A

Chater Na!e 9ffer ocu!ent

%6 What isare the benefits of e!at?

a) #aer(ess 4ransaction

b) irect credit of dividend

c) None of the above

d) A(( of the above

Right Answer


%, 3!act on e7isting insurance coverage on new chi(d birth in resect of oung *arried Cou(es

a) Additiona( 3nsurance re/uired

b) No Changes re/uired

c) 3nsurance needs to be decreased

What is the co!ound rate of return in case of an invest!ent !ade at an NA' of Rs+ 10+,0 and redee!ed at an NA' of Rs+ 1%+,0after a eriod of &ears?

What is the Share Ratio of an invest!ent which has given a return of := having a Standard eviation of 0+, and the risk freereturn at ,= ?



New Format

d) *ore invest!ent re/uired

Right Answer A


%: 4i!e sta!ing is done at

a) istributors 9ffice

b) 2anks

c) #oint of Service

d) #oint of Accetance

Right Answer


%; *utua( $und ho(ders donDt have the sa!e rights as a share ho(ders+

a) 4R>.

b) $AS.

Right Answer A


% NA' reresents va(ue er unit in ter!s of <<<<<<<<

a) *arket 'a(ue

b) >nit Caita(

c) >nit 'a(ue

d) As rescribed b& S.23

Right Answer A


%@ SA3 needs to be udated

a) 9nce in a &ear

b) Within !onths fro! the c(osure of $inancia( ear

c) .ver& : !onths

d) No need to udate

Right Answer 2


0

a) 6

b) ,

c) :

d) ata 3nsufficient

Right Answer A


1 ividend re-invest otion gives better return as co!ared to Growth 9tion since it has !ore nu!ber of units+

a) 4R>.

b) $AS.

Right Answer 2


% A*C !a& charge Service 4a7 in resect of 3nvest!ent *anage!ent and Advisor& to the sche!e+

a) 4R>.b) $AS.

Right Answer 2


istributors are aointed b&

a) A*$3

b) A*C

c) 4rustees

d) Sonsor

Right Answer 2


6 *utua( $unds in 3ndia are structured as

a) 4rust

b) Co!anies

c) $ir!s

d) SocietiesRight Answer A


, isting and eositor& fees canDt be charged to sche!e e7enses+

a) 4R>.

b) $AS.

Right Answer 2


: S.23 rescribes !a7i!u! e7it (oad+

a) 4R>.

b) $AS.

Right Answer A


;

a) 16

b) 1%

c) 160

d) 1:

Right Answer A


a) 1;+,;

What is the NA' of a sche!e which is having a !arket va(ue of Rs+ , Crores" Current iabi(it& of Rs+ 1 Crore and 9utstanding unitsof 1 Crores?

What is the book va(ue of a stock which is having a share caita( of Rs+ 100 Crores" Reserve and Sur(us of Rs+ 100 Crores andhaving outstanding shares of 100 crores?

What is the NA' of a sche!e which is having stocks worth Rs+ 100 Crores" ividend receivab(e of Rs+ %+0; Crores" 3nterestReceivab(e of Rs+ 1+: Crores and $ees a&ab(e of Rs+ 0+%, Crore and 9utstanding units of ;, akhs?



New Format

b) 1;+

c) 1+;,

d) 1;,+

Right Answer A


@ State!ent of invest!ent done b& investor doesnDt contain

a) 4ransaction eriod

b) atest NA'

c) >nit ba(ance

d) When !one& invested

Right Answer A


60 3nvestor for high (i/uidit& refer shou(d ot for $*#a) 4R>.

b) $AS.

Right Answer 2


61 3f *r+ E wants to invest Rs+ ;,000" then 3s BC needed?

a) es

b) No

Right Answer A


6% iversified ./uit& funds is safer than diversified ebt funds+

a) 4R>.

b) $AS.

Right Answer 2


6 Winning (otter& is an e7a!(e of

a) Sudden Wea(th

b) Wea(th istribution

c) Wea(th Reaing

Right Answer A


66 Conservative investor does not invest in

a) Sector $und

b) arge si8e fund

c) 2a(ance $und

d) Arbitrage fund

Right Answer A

Chater Na!e sche!e se(ection

6, Genera((& ba(anced funds are !ore riskier than G34 fund+

a) 4R>.

b) $AS.

Right Answer A


6: 4ier 3 account in new ension sche!e FN#S) is ca((ed ension account+

a) $AS.

b) 4R>.

Right Answer 2

Chater Na!e Se(ecting Right 3nvest!ent roduct for investors

6; 'a(ue funds are genera((& !ore suitab(e than Growth funds in

a) stab(e !arket

b) bu((ish !arket

c) bearish !arket

d) A(( of the above

Right Answer C


6 4F ividend istribution 4a7) in debt fund is?

a) %,+00=

b) 1+00=

c) %0+00=

d) 10+00=

Right Answer A


6@ C(osed ended fund has

a) Assured ividend

b) $i7ed A>*

c) $i7ed NA'

d) $i7ed >nit Caita(

Right Answer


,0 3ndividua( investor canDt (edge *utua( fund >nits+

a) 4R>.

b) $AS.Right Answer 2


,1 B3* is attached with <<<<<

a) A(ication $or!

b) 4ransaction s(i

c) 9

d) A(( of the above



New Format

Right Answer A


,% *r+ E has 1000 shares of E (td+ " co!an& dec(ares 1% bonus" how !an& additiona( shares wi(( he get?

a) 1000

b) %000

c) ,00

d) 000

Right Answer C


, *rs+ E invests Rs+ ,0"000 in e/uit& fund" the NA'I%% and the $ace va(ue is Rs+ 100+ How !an& units wi(( she get?

a) ,00

b) %%00

c) %00+,

d) %%;%+;

Right Answer


,6 3nvest!ent obJective is c(ose(& ( inked to <<<<<

a) sche!e

b) (an

c) otion

d) si

Right Answer A


,, 3nvest!ent obJective defines the broad invest!ent charter

a) 4R>.

b) $AS.

Right Answer A


,: State!ent of Account ost N$9 for an on going sche!e to be sent to the investors withina) a&s

b) ; a&s

c) 10 a&s

d) 1, a&s

Right Answer C


,; 9ffer ocu!ents are aroved b& trustees and reared b& A*C+

a) 4R>.

b) $AS.

Right Answer A


, B3* has to be udated ever& <<<<<<

a) : !onths

b) 1 &ear

c) .nd of 1st /uarter d) Need based

Right Answer


,@ .ver& a( icat ion for! to be attached with

a) 9ffer ocu!ent

b) SA3

c) B3*

d) 3nvest!ent Reort

Right Answer C


:0 B3* shou(d contain fund erfor!ance returns for the ast

a) &ears

b) , &ears

c) 1 &ears

d) Need not contain fund erfor!ance reortRight Answer


:1 4he fastest fund transfer ot ion is <<<<<

a) R4GS

b) N.$4

c) .CS

d) S3#

Right Answer A


:% the co!!issions received on the basis of the assets under the broker he(d as (ong as the invest!ent is <<<<<<<<

a) >front

b) 4rai(

c) $ee

d) >front $ee

Right Answer 2


: institutiona( distributors bui(d reach through

a) .*#9..S

b) AG.N4S

c) S>2 2R9B.RS

d) an& of the above

Right Answer




New Format

:6 distr ibutor can charge fee fro! the investor

a) 4R>.

b) $AS.

Right Answer A


:, trai( co!!issions are (inked to va(uation of ortfo(io in the !arket

a) 4R>.

b) $AS.

Right Answer A


::

a) ;0

b) @0

c) %+,,66

d) 1+:

Right Answer A


:; tds on !utua( funds is <<<<<<<<<

a) 10=

b) %,=

c) Ni(

d) 1+,0=

Right Answer C


: dividends in the hands of the investor is e7e!t fro! ta7

a) 4R>.

b) $AS.

Right Answer AChater Na!e Accounting"'a(uation and 4a7ation

:@ H>$ Barta can be fe!a(e

a) 4R>.

b) $AS.

Right Answer 2


;0 A erson can invest in !utua( fund without an card for a (i!it of<<<<<<<er A*C

a) 100000

b) ,0000

c) %0000

d) Not er!ited

Right Answer 2


;1 AS2A is avai(ab(e for investors of <<<<<<<<

a) Stock through *$b) 9n(& during N$9 in *$

c) 9ngoing sche!es

d) 9n(& c(osed ended

Right Answer 2


;% 3f a erson sub!its ,0"00"000 che/ue at %+0 ! on wednesda& in a (i/uid fund which nav is he e(igib(e for?

a) NA' of the da& receeding" da& of funds avai(ab(e for uti(i8ation

b) thursda& NA'

c) NA' of the da& receeding da&" of the da& of a(ication

d) NA' of the a(ication da&

Right Answer A


; what wi(( be the share ratio" if gi(t return is 6=" ortfo(io return ;=" and std dev is 0+,=?

a) :

b) @

c) 1+666

d) %+,

Right Answer A


;6 4renor ratio wi(( be" if gi(t fund return is 6=" ortfo(io return is ;=" and beta is 0+,=

a) @

b)

c) :

d) 1+6

Right Answer C


;, if a erson sub!its outstation che/ue of rs ,0000- at %+0 ! which NA' wi(( he get?

a) NA' of the da& receeding" da& of funds avai(ab(e for uti(i8ation

b) NA' of the da& of che/ue rea(i8ation if before cut off ti!e

c) NA' of the a(ication

d) receeding da& nav of a(ication

Right Answer 2


;: 4i!e sta!ing of on(ine transactions is considered as

a) 4i!e of the web site

b) 4i!e of the #C

c) 4i!e !entioned of web brouser" at order unched

d) 4i!e with investor

if fund has a caita( of ;, crores" e7enses of %+, cr" va(utaion (osses of %+, cr" and 10 cr outstanding units" then what wi(( be thenav?



New Format

Right Answer C


;; 3n growht ot ion" the uni ts <<<<<<<<<<<

a) increase as dividends announced

b) 4ota( fund erfor!ance is catured

c) NA' co!es down to the e7tent of dividend

d) 4

Right Answer 2


; st is a co!bination of

a) on ti!e invest!ent and s&ste!atic rede!tion there on

b) si and st

c) sw and si

d) si and rede!tions

Right Answer C


;@ if .#S is :" #. ratio is %," then what shou(d be the rice of the stock

a) 1,0

b) +%%

c) 10

d) 0

Right Answer A


0 for a &oung ca(( centre e!(o&ee who is un !arried" the wea(th c&c(e hase wou(d be

a) Accu!u(ation

b) istribution stage

c) Reaing Stage

Right Answer A

Chater Na!e Reco!!ending *ode( ortfo(ios and financia( (ans1 #ortfo(io of a !idd(e c(ass erson for retire!ent (anning shou(d not be high on e/uit& as there the risk is a(so high+

a) 4R>.

b) $AS.

Right Answer 2


% Retired cou(e without chi(d " can invest into debt u to

a) ;0= ./uit&

b) 10= debt" ;0= e/uit&

c) 10= e/uit&

d) ,0=./uit& and ,0= ebt

Right Answer A


if so!ebod& wants to diversif& his ortfo(io"he has to invest into

a) G9" Rea( .state" .K>34 AN .24

b) 9n(& Go(d and ebtc) 9n(& ./uit& and ebt

d) 9n(& Rea( estate"Go(d and . /uit&

Right Answer A


6 4he !onth(& 3nco!e #(an tracks inde7 of

a) 329R

b) 3K>3$.E

c) *3#3N.E

d) .24 H2R3 3N.E

Right Answer C


, #ortfo(io of Go(d .4$ and go(d sector funds w(( be sa!e

a) 4R>.

b) $AS.

Right Answer 2Chater Na!e Return "Risk and #erfor!ance of $unds

: $und s i8e is !ore i!ortant in se(ect ing

a) .K>34 $>N

b) .24 $>N

c) 3K>3 $>N

d) G34

Right Answer A


; Se(ecting a (i/uid fund fo((owing is i!ortant ara!eter

a) fund e7enses and e7it (oads

b) co!!issions to distributors

c) initia( issue e7enses

d) A(( of the above

Right Answer A


*ore than ,0= of the wea(th of indians are in financia( assets

a) 4R>.

b) $AS.

Right Answer 2


@ >nder the new ension sche!e" tier LL account is a savings account+

a) 4R>.

b) $AS.



New Format

Right Answer A


@0 3nterest on ub(ic rovidend fund F ##$ ) is ta7 free+

a) 4R>.

b) $AS.

Right Answer A


@1 return on ortfo(io is :=" risk free return is = and beta is 0+,+ ca(cu(ate the trene&or ratio+

a)

b) :

c) 6

d) ,

Right Answer 2


@% Return on ortfo(io is :=" risk free return is %= and Standard eviation is 0+,+ Ca(cu(ate the trene&or ratio+

a) :

b)

c) 6

d) ,

Right Answer 2


@ %0= e7osure (i!it in derivatives is an e7a!(e of

a) 3nvest!ent #o(ic&

b) 3nvest!ent 9bJective

Right Answer A


@6 $inancia( (anners shou(d be ab(e to understand the concet of ta7 (anning+

a) 4R>.

b) $AS.Right Answer A


@, eosit 3nsurance is a(icab(e in case of *utua( $unds+

a) > to 1 (akh

b) > to 10 (akh

c) Ni(

Right Answer C


@: Which of the fo((owing wou(d (i!it the invest!ent oortunit& ?

a) ,00 Cr+ 3n 3nde7 $und

b) ,00 Cr+ 3n Gi(t $und

c) ,00 Cr+ 3n iversified $und

d) ,00 Cr+ 3n Sector $und

Right Answer

Chater Na!e ega( and Regu(ator& .nviron!ent@; An& a!ount re(ated to unc(ai!ed dividend and rede!tion can be attributed to an investor

a) 4R>.

b) $AS.

Right Answer A


@ #AN Card is re/uired for

a) $irst 4ransaction

b) A(( 4ransactions

c) Additiona( 4ransactions


Right Answer 2


@@ BC is re/uired for

a) $or a!ount greater than %0"000

b) $or a!ount greater than ,0"000c) $or an& a!ount

Right Answer C


100 *idd(e-age investors shou(d not go for tactica( asset a((ocation for the retire!ent (anning

a) 4R>.

b) $AS.

Right Answer 2


101 4actica( asset a( (ocat ion can be risk&+

a) 4R>.

b) $AS.

Right Answer A


10% An investor shou(d consider e/uit& invest!ent (ess risk& in the (ong-ter! as co!ared to short-ter!+

a) 4R>.

b) $AS.

Right Answer A


10 3nher itance stage is e/uiva(ent to

a) 3nter-generationa( stage

b) istribution stage

c) Accu!u(ation stage

Right Answer A



New Format


106 Asset a((ocation shou(d be done according to

a) 3nvest!ent needs

b) $inancia( goa(s

c) 3nsurance needs

Right Answer 2


10, A*$3 code of conduct for inter!ediaries is given b&

a) S.23

b) R23

c) A*$3

d) 3RA

Right Answer C


10: 4he #. of a share is 0 and the .#S is 10+What is the !arket rice?

a) 1,

b) 00

c) 1+,

d) 00

Right Answer 2


10; 4he average net assets of a fund is ,00 Cr+ And the tota( bu&ing and se((ing is 1000 Cr+What is the ortfo(io turnover ratio

a) %0 4i!es

b) % 4i!es

c) 0+, 4i!es

d) 10 4i!es

Right Answer 2


10 A !inor cannot invest in !utua( funds direct(& or otherwise+a) 4R>.

b) $AS.

Right Answer 2


10@ Standard deviation can be ca(cu(ated in e7ce( with the he( of which of the fo((owing for!u(as?

a) Std

b) Cov

c) 'ar

d) S4.'

Right Answer


110 What is the CAGR on the ortfo(io where the fund was urchased at 10+,= and so(d at 1%+,= after &ears

a) ,+@=

b) 10+;,=

c) :+@,=d) +,0=

Right Answer A


111 What is the abso(ute return on the fund which had an NA' of 1+ after the N$9 (aunch at the face va(ue of 10?

a) %00 ti!es

b) %0=

c) %=

d) 0=

Right Answer 2


11% Which of the fo((owing is considered to be a art of institutiona( categor& ?

a) $33

b) H>$

c) #39

Right Answer AChater Na!e $und istribution and channe( !anage!ent ractices

11 3s it necessar& for a trust to have beneficiaries?

a) es

b) No

Right Answer A


116 istribution of an investorDs ortfo(io between different asset c(asses is ca((ed Asset A((ocation+

a) 4R>.

b) $AS.

Right Answer A


11, $und Age is !ore i!ortant ara!eter for e/uit& sche!e than debt sche!e+

a) 4R>.

b) $AS.

Right Answer A


11: $eeder $unds used for investing internationa((&" can invest in

a) An& kind of 3nternationa( invest!ents subJect to !eet sche!e obJectives

b) 9n(& 3nternationa( 2onds

c) 9n(& 3nternationa( Stocks

d) 9n(& 3nternationa( ./uit& erivatives

Right Answer A




New Format

11;

a) 4R>.

b) $AS.

Right Answer A


11 3nvestors (ooking to se(ect h&brid funds with ta7 benefit !ust choose

a) Conservative *3#

b) ebt orriented 2a(ance $und

c) ./uit& 9riented 2a(ance $und

d) Aggressive *3#

Right Answer C


11@ Which a!ongst fo((owing inter!ediaries is resonsib(e for i!(e!enting unifor! BC ?

a) BC Registration Agencies

b) eositor& #articiants

c) *utua( $unds

d) Registrar and 4ransfer Agents

Right Answer A


1%0 S.23 does not a( (ow a&!ent of co!!ission

a) 3nvestors

b) istributors

c) 2ank

Right Answer A


1%1 So!e ension funds are (i!ited b& charter to take e/uit& e7osure on(& through 3nde7 $unds+

a) 4R>.

b) $AS.Right Answer 2


1%% <<<<efines broad invest!ent charter for a sche!e

a) 3nvest!ent 9bJective

b) 3nvest!ent Strateg&

c) 3nvest!ent #o(ic&

Right Answer A


1% $or (isted units" *$ can choose to co!(& with the ru(e of an& one of the recogni8ed e7change

a) 4R>.

b) $AS.

Right Answer 2


1%6 $ace 'a(ue er unit is usua((&

a) Rs+10b) Rs+1000

c) Rs+100

Right Answer A


1%, 3nstitutiona( distribution channe( oerates through

a) Sub broker

b) A*C .!(o&ees

c) 2ranches

d) A(( of the above

Right Answer


1%: Which a!ong these docu!ents is not a source of infor!ation about investors e(igib(e to invest in *$ Sche!e ?

a) 9

b) S3

c) Sche!e Annua( Reortd) B3*

Right Answer C


1%; ast Ste of deve(oing !ode( ortfo(io is

a) 3dentif& Risk

b) Sche!e Se(ection

c) 3nvestor #rofi(e

d) Setting $inancia( Goa(s

Right Answer 2


1% No advertise!ent sha(( direct(& indirect(& discredit other advertise!ents or !ake unfair co!arison+

a) 4R>.

b) $AS.

Right Answer A


1%@

a) -1+;1=

b) -1@+%=

c) -%+06=

d) -0+0%=

Right Answer A


Withho(ding ta7 on inco!e earned b& NR3 deends on nature of inco!e" nature of 3nvest!ent" nature of 3nvestors and their countr&of do!ici(e+

*r+ E has invested in e/uit& sche!e on Man 1" NA' was Rs+10+,0+ 9n *a& 1" NA' was Rs+10+%+ Ca(cu(ate si!(e return onsche!e in this eriod ?



New Format

10 .7ense (i!it inc(uding !anage!ent fees for inde7 sche!es inc(uding e7change traded funds is %+,= of average net asset+

a) 4R>.

b) $AS.

Right Answer 2


11 4rust deed is signed between trustees <<<<<<<

a) A*C

b) R4A

c) C.9 of A*C

d) Sonsors

Right Answer


1% 4ier LL account in New #ension Sche!e F N#S ) is ca((ed ension account+

a) 4R>.

b) $AS.

Right Answer 2


1 $inancia( asset inc(uded

a) Rea( .state

b) Go(d

c) Caita( *arket Securities

d) A(( of the above

Right Answer C


16 S.23Ds advertise!ent code (a&s down guide(ines to be fo((owed b&

a) A*C

b) istributors

c) 3nvestors

Right Answer A


1,

a) 1;+,;

b) 1%+%:

c) 1+%6

Right Answer A


1: $or!u(a of ca(cu(ating the future cost of Rs+%, (acs toda& after , &ears with inf(ation of =

a) %, (acs O F 1P0+0) Q ,

b) %, (acs F 1P0+0) Q ,

c) %, (acs F 1P0+0) O ,

Right Answer A


1; *r+ E has invested at an NA' of Rs+ 10 in *$ and it beca!e Rs+1 after &ears+ What is CAGR Return?a) %1+:6=

b) 0+%%=

c) 0+00=

d) %:+::=

Right Answer A


1 Short 4er! Caita( oss can be sett off against

a) 9n(& Short 4er! Caita( Gain

b) Short and (ong ter! caita( gain both

c) 9n(& (ong ter! caita( gain

Right Answer 2


1@ Whi(e Running new fund offer" investor can invest in e7isting sche!es of A*C subse/uent(&

a) 4R>.

b) $AS.

Right Answer A


160

a) S3#

b) S4#

c) SW#

d) Switch

Right Answer A


161 *r+ E has invested in e/uit& sche!e at an NA' of Rs+10+,0" Current NA' is Rs+1%+ Which kind of gain is it ?

a) Notiona( Gain

b) 'a(uation Gain

Right Answer 2


16% Which a!ongst fo((owing funds have higher risk ?

a) Sector $und

b) i/uid $und

c) *3#

d) 3nco!e $und

Right Answer A


16 Which of the fo((owing is not a rating agenc& ?

a) 3C3C3

Ca(cu(ate NA'+ *arket rice of Stock -@, Cr" *arket rice of *one& !arket instru!ent :+66 Cr" ividend accrued but not received-1+@@ Cr and $ees a&ab(e 0+%, Cr+ 9ut standing >nits -;, akh

Which a!ongst the fo((owing aroaches where the investor invests constant a!ounts at regu(ar interva(s?



New Format

b) $itch

c) 3CRA

d) CR3S3

Right Answer A


166 3nvestors can bu& go(d deosits through !utua( funds and 2anks+

a) 4R>.

b) $AS.

Right Answer 2


16, After getting retire!ent" 3nvestor shou(d invest on(& in i/uid funds+

a) 4R>.

b) $AS.

Right Answer 2


16: Which a!ongst the fo((owing funds have (ower risk ?

a) Sector $und

b) i/uid $und

c) *3#

d) 3nco!e $und

Right Answer 2


16; 3f 3nvestor wants to invest in Go(d for (ong ter! then which is the idea( roduct ?

a) Go(d .4$

b) Go(d $utures

c) Mewe(er&

d) Go(d $unds

Right Answer A


16

a) 4R>.

b) $AS.

Right Answer A


16@ Which of the fund offers !i7 of different assets ?

a) ./uit& $unds

b) i/uid $und

c) 2a(ance $und

d) ebt $und

Right Answer C


1,0 An&one who is aggrieved b& a ru(ing of S.23" can fi(e an aea( with the Securities Ae((ate 4ribuna( FSA4) +

a) 4R>.b) $AS.

Right Answer A


1,1 A*$3 disse!inates infor!ation on *utua( $und 3ndustr& and to undertake studies and research direct(&+

a) 4R>.

b) $AS.

Right Answer A


1,% $u(( $or! of AGN3

a) A*$3 Guide(ines and Nor!s for inter!ediaries

b) A*$3 Guide(ines and Nor!s for investors

Right Answer A


1, A*$3 deve(os a cadre of a we((-trained Agent distributors and to i!(e!ent a rogra!!e of training and certification+

a) 4R>.

b) $AS.

Right Answer A


1,6 .ver& a(ication for! is to be acco!anied b& the B3*+

a) 4R>.

b) $AS.

Right Answer A


1,, Sche!e 3nfor!ation docu!ents shou(d be udated

a) ear(&

b) Kuarter

c) *onth(&

Right Answer A


1,: BC registration is re/uired for

a) An& kind of *$ transaction

b) $or Rede!tion

c) $or Switch

d)

Right Answer


1,; A bank issues $oreign 3nward Re!ittance Certificate F$3RC) for !one& co!ing fro! abroad+

a) 4R>.

.4$ offers advantage of bu& and se(( their units in the stock e7change at various rices during the da& that c(ose(& track the !arketat that ti!e+

1st 4i!e urchase



New Format

b) $AS.

Right Answer A


1, 4he dai(& ti!e sta!ing of a(ication does not start with seria( 1+

a) 4R>.

b) $AS.

Right Answer A


1,@ An 3nvestor who is (ooking for rice areciation in (ong ter! shou(d ot for which (an?

a) Growth

b) ividend #a&out

c) ividend Reinvest

Right Answer A


1:0 *id Ca funds have higher risk in <<<<<<<

a) Recession #eriod

b) 2oo! #eriod

Right Answer A


1:1 2eta of 3nde7 $und is

a) ./ua( to 1

b) *ore than 1

c) ess than 1

Right Answer A


1:% Areciation in the invest!ent ortfo(io is a <<<<<<<<<+

a) 'a(uation Gain

b) Notiona( Gain

Right Answer AChater Na!e Accounting"'a(uation and 4a7ation

1: Which a!ongst the fo((owing recurring e7enses attributes to an& *utua( $und sche!es

a) *arketing e7enses

b) $und Accounting $ees

c) ereciation of fi7ed Assets


Right Answer 2


1:6 $or ong ter! Caita( gain invest!ent in debt" *utua( $und shou(d be

a) 1 ear

b) ears

c) % ears

Right Answer 2


1:, Caita( (oss can not be set off against an& head of inco!e+a) 4R>.

b) $AS.

Right Answer A


1:: 3nvest!ents in *utua( $und units are e7e!ted fro!

a) Caita( Gain 4a7

b) Wea(th 4a7

c) ividend istribution 4a7

Right Answer 2


1:; Arbitrage fund he(s to investors who want to articiate in e/uit& !arket

a) 0

b) 1

Right Answer A

Chater Na!e sche!e se(ection1: Rea( .state is under contro( of investor who draws s&cho(ogica( co!fort+

a) 4R>.

b) $AS.

Right Answer A


1:@ Which of the fo((owing asset c(ass is riskier asset in New #ension Sche!e F N#S ) ?

a) Asset C(ass .

b) Asset C(ass C

c) Asset C(ass G

Right Answer A


1;0 Which of the fo((owing fa!i(& infor!ation has inf(uence on Risk Aetite

a) .arning *e!bers

b) eendent *e!bers

c) ife .7ectanc&

d) A(( of the above

Right Answer


1;1 Risk free rate is := and ortfo(io return is =+ 2eta of ortfo(io is %+ Ca(cu(ate 4re&nor Ratio

a) 1

b) %

c) 6

d)



New Format

Right Answer A


1;% Risk free rate is := and ortfo(io return is =+ Standard deviation of ortfo(io is %+ Ca(cu(ate Share Ratio+

a) 1

b) %

c) 6

d)

Right Answer A


1; 3n the event of tur!oi(" va(ue of go(d <<<<<<<<

a) 3ncreases

b) ecreases

c) Re!ains Constant


Right Answer A


1;6 9en ended funds are !andatori(& (isted on stock e7changes

a) 4R>.

b) $AS.

Right Answer 2


1;, >nits having face va(ue of Rs 10 issued are 1,00+ NA' is Rs 1, er unit and a(icab(e e7it (oad is %=+ Ca(cu(ate rede!tion NA'

a) 16+

b) 16+;

c) 1,

d) 16+@

Right Answer 2

Chater Na!e Accounting"'a(uation and 4a7ation1;: Munk bonds invest in <<<<<

a) 4- 2i((s

b) Gi(ts

c) ow &ie(d bonds

d) High ie(d bonds

Right Answer


1;; 4he agree!ent between trustees and sonsor is known as

a) 4rust eed

b) 3nvest!ent *anage!ent Agree!ent

c) Custodia( Agree!ent


Right Answer A


1; #. ratio is %0+ *arket rice is 1,0+ .#S isa) 10

b) ;+,

c) %0

d) %,

Right Answer 2


1;@ Which of the fo((owing is not re/uired to be registered with S.23?

a) R4 agent

b) Custodian

c) $und Accountant


Right Answer C


10 An account is treated as dor!ant if it is not oerated for !ore than

a) : !onths

b) 1% *onths

c) %6 *onths

d) !onths

Right Answer A


11 $or &oung un!arried ca(( center !a(e e!(o&ee" !ode( ortfo(io is 100 = e/uities

a) 4R>.

b) $AS.

Right Answer 2


1% 3f dividend is not aid within 0 da&s fro! date of dec(aration" interest is charged at rate of

a) 1+00=

b) %6+00=

c) 1%+00=

d) 1,+00=

Right Answer


1 >nits are to be a((otted within <<<da&s after c(ose of N$9+

a) , da&s

b) 10 da&s

c) 1, da&s

d) ; da&s

Right Answer A



New Format


16 9ne of the benefit of ho(ding units in de!at for! is

a) irect credit of bonus units

b) .as& to se((

c) 4ransarenc&

d) A(( of the above

Right Answer A


1, 4he erson to who! units are (edged is known as

a) #(edgor

b) #(edgee

c) ender

d) 2roker

Right Answer 2


1: 3n internationa( $und" do!estic fund is a(so known as

a) $eeder $und

b) Host $und

c) $und of $und


Right Answer A


1; 2otto! u aroach is a(so known as

a) Stock icking aroach

b) Countr& se(ection aroach

c) Sector se(ection aroach

d) A(( of the above

Right Answer A

Chater Na!e Return "Risk and #erfor!ance of $unds1 Arbitrage funds are ta7ed as

a) ./uit& funds

b) ebt funds

c) H&brid $unds

d) 2a(anced $unds

Right Answer A


1@ As er rovisions of 3nco!e 4a7 Act" 1@:1" osses under Caita( gains can be set off with other heads of inco!e+

a) 4R>.

b) $AS.

Right Answer 2


1@0 >nder N#S" 4ier 33 account is oened for

a) #ension Account

b) Savings Accountc) 2oth of the above


Right Answer 2


1@1 .ver& distributor !ust be a((otted

a) ARN

b) ARN and .>3N

c) .>3N


Right Answer 2


1@% <<<<<<<<< is an e7a!(e of Se(f Regu(ator& 9rgani8ation F SR9)

a) 2S.

b) S23

c) A*$3d) None of the above

Right Answer A


1@ ./uit& oriented funds invest in <<<<<<<<<< = in e/uities

a) ,0+00=

b) *ore than ,0=

c) :0+00=

d) :,= above

Right Answer


1@6 $irst ti!e investor shou(d read

a) S3

b) SA3

c) B3*

d) 9ffer docu!ent

Right Answer


1@, A*Cs can charge interest on de(a&ed a&!ents to sche!e+

a) 4R>.

b) $AS.

Right Answer 2


1@: S44 is a&ab(e on



New Format

a) ./uities

b) ./uit& futures

c) ./uit& oriented *utua( $unds

d) A(( of the above

Right Answer


1@; A distributor does not get co!!ission on his own business+

a) 4R>.

b) $AS.

Right Answer A


1@ C(ient aroaches the $inancia( #(anner for getting a housing (oan+ 4he financia( (anner shou(d do a(( of the be(ow e7cet

a) Advise the c(ient against (oan as it is unethica( to borrow

b) ut c(ient in touch with concerned eo(e for getting the (oan

c) Arrange for financiers for the c(ient

d) Advise c(ient on ter!s and conditions of the (oan

Right Answer A


1@@ 3nvestor reached eak of earning caacit& in

a) Accu!u(ation hase

b) #re-retire!ent hase

c) istribution hase

d) Sudden Wea(th stage

Right Answer 2


%00 Risk can be !easured b&

a) 'ariance

b) Standard deviation

c) 2etad) An& of the above

Right Answer


%01 $und of funds invest in

a) NA' of other funds

b) ./uit& Securities

c) ebt Securities


Right Answer A


%0% 3f return of the fund is 6 and the 2eta is 0+, and risk free return is % + 4re&nor ratio wi(( be

a) 6

b) :

c)

d) %Right Answer A


%0 3f return of the fund is ; and the standard deviation is % and risk free return is , + Share ratio wi(( be

a) %

b) 1

c) 6

d) 0

Right Answer 2


%06 Securities in *utua( fund is with

a) Custodian

b) R4A

c) 4rust

d) A*C

Right Answer AChater Na!e $und Structure and constituent

%0, ong ter! caita( (oss can be adJusted against

a) Short ter! caita( Gain

b) ong ter! or Short ter! Gain

c) ong ter! caita( Gain on(&

d) Can not be adJusted

Right Answer C


%0: 3n ebt $unds" ong ter! Caita( Gain is after ho(ding eriod of &ears+

a) 4R>.

b) $AS.

Right Answer A


%0; 3f a co!an& has a share caita( of 0 crores and Reserves of %0 crores" nu!ber of shares ho(ders crores" 2ook va(ue wi(( be

a) 10

b) 1%+,

c) %+,

d)

Right Answer 2


%0 3f &ou bu& at NA' of 10 and se(( at NA' of 1%+,+ Ca(cu(ate the si!(e return

a) %,+00=

b) 0+%,=



New Format

c) :+%,=

Right Answer A


%0@ .#S is Rs " #. ratio is Rs 1, + What wi(( be the *arket #rice

a) 1,0

b) 1%0

c) 100

d) %00

Right Answer 2


%10 3f NA' at ti!e of #urchase was 10+,0 and after 600 a&s so(d at NA' of Rs 1+%0+What is the Co!ound Annua( growth rate

a) %,+;=

b) ,;+00=

c) %:+:;=


Right Answer A


%11 B3* is abridged version of 9ffer ocu!ent+

a) 4R>.

b) $AS.

Right Answer A


%1% 3nde7 funds F A(ong with 3nvest!ent *anage!ent $ees ) "recurring e7enses are uto %+,=+

a) 4R>.

b) $AS.

Right Answer 2


%1a) 11+@

b) 1%+

c) 1%+6

d) 1+%

Right Answer 2


%16 $oreigner can not invest in *utua( funds even after co!(eting BC+

a) 4R>.

b) $AS.

Right Answer A


%1, 3nvestors wou(d be incentivi8ed to ho(d their units (onger" b& reducing the (oad as the unit ho(ding eriod increased+ 4his is known as

a) .7it oad

b) .ntr& oad

c) Contingent eferred sa(es charge


Right Answer A


%1: 4he !utua( fund trust is e7e!ted fro! ta7+

a) 4R>.

b) $AS.

Right Answer A


%1;

a) 3nvestor bu&s units within !onths rior to the record date for a dividend

b) Se((s those units within @ !onths after the record date

c) 2oth of the above


Right Answer CChater Na!e Accounting"'a(uation and 4a7ation

%1 Munk bond sche!es are high &ie(d bond sche!es+

a) 4R>.

b) $AS.

Right Answer A


%1@ Who is the Regu(ator& Authorit& of *utua( funds 3n 3ndia?

a) 3RA

b) R23

c) S.23

d) #$RA

Right Answer C


%%0

a) 4R>.

b) $AS.

Right Answer A


%%1

a) 4R>.

b) $AS.

Ca(cu(ate NA'+ ./uit& 'a(uation Rs %60 crore" *one& *arket 'a(ue Rs crore" ividend Accrued Rs 6 crore+ .7enses : crore+

>nit Caita( %00 crore F $ace va(ue is Rs 10)

An& caita( (oss fro! the transaction wou(d not be a((owed to be set off against other caita( gains of the investor u to the va(ue ofthe dividend inco!e e7e!ted+ 3f <<<<<<<<<<

Whi(e the S.23 Code of Conduct (a&s down broad rinci(es" the A*$3 code of ethics FAC.) sets !ore Sticker standards for A*Csand 4rustees+

NA' and re-urchase rice are to be udated in the website of A*$3 and the !utua( fund in the case of $und of $unds b& #*sa!e a&+



New Format

Right Answer 2


%%% >nit-ho(ders have roortionate right to the beneficia( ownershi of the assets of the sche!e+

a) 4R>.

b) $AS.

Right Answer A


%% 3nvestors can ho(d their units even in a fraction of 1 unit+

a) 4R>.

b) $AS.

Right Answer A


%%6 3f an investor !ake a urchase of Rs 1+, cr in Gi(t $und with oca( Che/ue+ NA' a(icab(e wi(( be

a) Sa!e a& NA'

b) Ne7t 2usiness a& NA'

c) NA' of the business da& on which the funds are avai(ab(e for uti(i8ation before the cut-off ti!e of that da& is a(icab(e


Right Answer C


%%, Which of the fo((owing has the highest risk ?

a) High ie(d ebt $und

b) 3nco!e $und

c) Gi(t $und

d) i/uid $und

Right Answer A


%%: Which of the fo((owing is a h&sica( asset ?

a) 2ui(ding

b) Go(d .4$c) *$

d) $

Right Answer A


%%; Which does not u(( the return down ?

a) 4a7

b) .7enses

c) ie(d

d) A(( of the above

Right Answer C


%% Asset A((ocation can var& because of which reason

a) Change in !arket

b) change in interest rate

c) 2oth of the aboved) None of the above

Right Answer C


%%@ A*C rocesses the BC+

a) 4R>.

b) $AS.

Right Answer 2


%0 A(( A*C have sa!e co!!ission structure+

a) 4R>.

b) $AS.

Right Answer 2


%1 9n rede!tion of ./uit& fund S44 is a(icab(e+

a) 4R>.b) $AS.

Right Answer A


%% Software deve(o!ent e7ense can be charged to the sche!e+

a) 4R>.

b) $AS.

Right Answer 2


% istribution of invest!ent ortfo(io in different assets is ca((ed asset a((ocation+

a) 4R>.

b) $AS.

Right Answer A


%6 uring econo!ic tur!oi( it can be risk& to invest in <<<<<<<<

a) *id S!a(( Ca

b) arge Ca

c) iversified ./uit& fund

d) Growth $und

Right Answer A


%, Where do &ou get the benefit of deosit insurance?

a) 9n invest for one fund in *$

b) on invest in (i/uid fund



New Format

c) on invest in gi(t fund

d) no deosit insurance is avai(ab(e in *$

Right Answer


%: 4 is a(icab(e in ebt *utua( $unds

a) 4R>.

b) $AS.

Right Answer A


%; Who can aoint a trustee?

a) A*C

b) S.23

c) Sonsor

d) Custodian

Right Answer C


% 3nvestor have a right to see custodian annua( reort+

a) 4R>.

b) $AS.

Right Answer A


%@ 2eta of (ess than one is considered to be

a) (ess risk&

b) !ore risk&

c) no difference

Right Answer A


%60 Which docu!ent is not re/uired to be sub!itted in case of a co!an& which want to invest?

a) 2oard Reso(utionb) #AN Card

c) A9A *9A

d) 2a(ance Sheet

Right Answer


%61 ou desire the benefit of ruee cost advantage in which of the fo((owing?

a) S3#

b) SW#

c) S4#

d) S44

Right Answer A


%6% 9en ended fund has a feature of

a) variabi(it& in unit caita(

b) variabi(it& in no of unitsc) 2oth of the above


Right Answer C


%6 Sche!e other than .SS and RG.SS can re!ain oen for subscrition for !a7i!u! of <<<<<

a) 10 da&s

b) 1, a&s

c) a&s

d) % a&s

Right Answer 2


%66 $und of $und has a cut off ti!e for dec(aring NA' at @ ! the sa!e da&+

a) 4R>.

b) $AS.

Right Answer 2Chater Na!e 3nvestor Service

%6, 9ffer docu!ent consists of the fo((owing

a) S3 P SA3

b) S3 P B3*

c) SAA3 P B3*

Right Answer A


%6: istributors have got a new distribution channe( b& offering *$ on the stock !arket to their investors+

a) 4R>.

b) $AS.

Right Answer A


%6; Which grou of eo(e are a((owed to invest in *utua( funds?

a) *inor

b) H>$

c) NR3

d) A(( of the above

Right Answer


%6 $u(( for! of AS2A

a) A(ication suorted b& b(ock a!ount

b) A(ication suorted b& booked a!ount

Right Answer A



New Format


%6@ 3n case of dividend reinvest" NA' dec(ares to the e7tent of dividend and 4+

a) 4R>.

b) $AS.

Right Answer A


%,0 Annua( Reort needs to be ub(ished in <<<<<<

a) at (east % dai(& newsaer

b) Website of A*C

c) Website of A*$3

d) A(( of the above

Right Answer


%,1 >nit certificate is not usefu( for transferring and (edging the unit of *utua( $und+

a) 4R>.

b) $AS.

Right Answer 2


%,% $*# suffers 3nterest Rate Risk+

a) 4R>.

b) $AS.

Right Answer 2


%, A sector fund shou(d have a !ini!u! of <<< e/uit& in that articu(ar sector+

a) :,+00=

b) ;,+00=

c) ,0+00=

d) 100+00=

Right Answer AChater Na!e sche!e se(ection

%,6 Since Go(d .4$ is a c(osed ended fund its ho(ding are for eretua(+

a) 4R>.

b) $AS.

Right Answer 2


%,, >nits of<<<<<<<<<<<<< !ust be (isted on the stock e7change+

a) Sector $und

b) i/uid $und

c) c(ose ended fund

d) oen ended fund

Right Answer C


%,: 9en-ended sche!es genera((& offer e7it otion to investors through a stock e7change+

a) 4R>.b) $AS.

Right Answer 2


%,; Sector funds invest in a diverse range of sectors

a) 4R>.

b) $AS.

Right Answer 2


%, High &ie(d bond sche!es invest in Junk bonds

a) 4R>.

b) $AS.

Right Answer A


%,@ 3nvest!ent obJective is c(ose(& ( inked to <<<<<<<<

a) sche!eb) 9tion

c) #(an

Right Answer A


%:0 4he assets of the !utua( fund are he(d b& <<<<<<

a) A*C

b) 4rustees

c) Custodian

d) Registrar

Right Answer C


%:1 *ini!u! networth re/uire!ent for a new A*C is <<<<<<<

a) Rs+,0 Cr

b) Rs+ , Cr

c) Rs+ 6 Cr

d) Rs+10 Cr

Right Answer A


%:% A*C directors are aointed with the er!ission of 4rustees

a) 4R>.

b) $AS.

Right Answer A




New Format

%: *ost investor service centres are offices of <<<<<<<

a) 4rustees

b) Registrar

c) Custodian

d) $und Account

Right Answer 2


%:6 $und accounting activit& of a sche!e is to be co!u(sori(& outsourced

a) 4R>.

b) $AS.

Right Answer 2


%:, S.23 regu(ates <<<<<<<<<<

a) *utua( $unds

b) eositories

c) Registrar and 4ransfer Agents

d) A(( of the above

Right Answer


%:: 3nvest!ent obJective defines the broad invest!ent charter+

a) 4R>.

b) $AS.

Right Answer A


%:; State!ent of Account is to be sent to investors within <<< da&s of N$9 c(osure

a)

b) ,

c) ;

d) 1,Right Answer 2


%: Within <<< da&s of dividend dec(aration" warrants wi(( have to be sent to investors

a) ;

b) 10

c) 1,

d) 0

Right Answer


%:@ >nit ho(ders can ho(d their units in de!at for!

a) 4R>.

b) $AS.

Right Answer A


%;0 ega((&" SA3 is art of the S3a) 4R>.

b) $AS.

Right Answer A


%;1 9ffer docu!ents of !utua( fund sche!es are aroved b& S.23

a) 4R>.

b) $AS.

Right Answer 2


%;% B3* has to be udated ever& : !onths

a) 4R>.

b) $AS.

Right Answer 2


%; 3nstitutiona( distributors bui(d reach through <<<<<< a) .*#9..S

b) AG.N4S

c) S>2 2R9B.RS

d) An& of the above

Right Answer


%;6 4he !a7i!u! initia( co!!ission that a sche!e can a& to distributors is <<<<

a) Ni(

b) 0+0,=

c) 1+00=

d) %+00=

Right Answer A


%;, 4he distributor can charge a fee fro! the investor

a) 4R>.

b) $AS.

Right Answer A


%;: Stock e7change brokers are er!itted to distribute !utua( funds without the re/uire!ent of assing the certif&ing test+

a) 4R>.

b) $AS.

Right Answer 2




New Format

%;; 4rai( co!!issions are (inked to va(uation of ortfo(io in the !arket

a) 4R>.

b) $AS.

Right Answer A


%; Net assets of a sche!e are nothing but its invest!ent ortfo(io

a) 4R>.

b) $AS.

Right Answer 2


%;@ 4he difference between NA' and re-urchase rice is <<<<<<<

a) .ntr& oad

b) .7it oad

c) .7enses

d) ividend Striing

Right Answer 2


%0 NA' of inco!e funds is to be ca(cu(ated uto <<< deci!a(s

a) 6

b)

c) %

d) 1

Right Answer A


%1 Securities 4ransaction 4a7 is a(icab(e to ./uit& Sche!es

a) 4R>.

b) $AS.

Right Answer A


%% Wea(th ta7 is a&ab(e at the a(icab(e rates on e/uit& !utua( fund units

a) 4R>.

b) $AS.

Right Answer 2


%

a) ,+:%, Cr

b) , Cr

c) 6+:%, Cr

d) ,+%, Cr

Right Answer


%6 As er S.23 regu(ations" foreign nationa(s are er!itted to invest in 3ndian !utua( funds" subJect to BC

a) 4R>.b) $AS.

Right Answer A


%, #AN Card is not re/uired for !utua( fund invest!ents be(ow Rs %0"000 er !utua( fund er financia( &ear" where a&!ent is in cash

a) 4R>.

b) $AS.

Right Answer A


%: 3nvest!ents in !utua( fund can be !ade using <<<<<

a) Che/ue

b) Re!ittance

c) AS2A

d) An& of the above

Right Answer


%; Cut-off ti!ing guide(ines are not a(icab(e for <<<<<

a) N$9s

b) 3nternationa( $unds

c) 2oth of the above


Right Answer C


% S4# is a co!bination of S3# and SW#

a) 4R>.

b) $AS.

Right Answer A


%@ 3nvestors BC detai(s are stored in the server of <<<<<

a) A*C

b) A*$3

c) S.23

d) BRA

Right Answer


%@0 $unda!enta( ana(&sis is eva(uation of the strength of the co!an&s rice-vo(u!e charts

a) 4R>.

b) $AS.

$or a debt sche!e with corus of Rs+ %,0 cr" what is the !a7i!u! a!ount that can be charged b& the A*C as recurring e7ense"if a(( !one&s have co!e fro! the 4o 1, cities ?



New Format

Right Answer 2


%@1 3n a to-down aroach" sector a((ocation recedes stock se(ection

a) 4R>.

b) $AS.

Right Answer A


%@% Which of the fo((owing is a tru(& internationa( asset c(ass?

a) Rea( .state

b) .K>34

c) Go(d

d) ebt

Right Answer C


%@ oads and ta7es !a& account for the difference between sche!e returns and investor returns

a) 4R>.

b) $AS.

Right Answer A


%@6 4he !ost aroriate !easure of returns for a sche!e in e7istence for severa( &ears is <<+

a) Si!(e Return

b) ividend Return

c) Annua(i8ed Return

d) CAGR

Right Answer


%@, ./uit& !arkets are !ore redictab(e in the (ong ter! than the short

a) 4R>.

b) $AS.Right Answer A


%@: Arbitrage funds are !eant to give better e/uit& risk e7osure

a) 4R>.

b) $AS.

Right Answer 2


%@; 4he co!arab(e for a ( i/uid sche!e is <<<<<<<

a) ./uit& Sche!e

b) 2a(anced Sche!e

c) Gi(t $und

d) Saving 2ank Account

Right Answer


%@ Which of the fo((owing asects of ortfo(io wou(d an investor in a debt sche!e give !ost i!ortance?a) Sector Se(ection

b) Stock Se(ection

c) Weighted Average *aturit&

d) No of securities in ortfo(io

Right Answer C


%@@ *utua( fund ranking and rating a!ount to the sa!e

a) 4R>.

b) $AS.

Right Answer 2


00 *ore than ,0= of the wea(th of 3ndians is he(d in h&sica( assets

a) 4R>.

b) $AS.

Right Answer AChater Na!e Se(ecting Right 3nvest!ent roduct for investors

01 Go(d $utures are suerior to .4$ Go(d as a vehic(e for (ife-(ong invest!ent in go(d

a) 4R>.

b) $AS.

Right Answer 2


0% As regards wea(th ta7" .4$ Go(d is suerior to h&sica( go(d

a) 4R>.

b) $AS.

Right Answer A


0 4he Nationa( #ension S&ste! is regu(ated b& <<<<<<

a) S.23

b) 3RA

c) #$RA

d) A*$3

Right Answer C


06 An investor under the Nationa( #ension S&ste! can choose which of the fo((owing asset c(asses ?

a) ./uities

b) Cororate ebt

c) Govern!ent Securities

d) A(( of the above



New Format

Right Answer


0, 4oda&s costs can be trans(ated into future re/uire!ent of funds using the for!u(a

a)

b)

c)

d)

Right Answer A


0: #roviding funds for a daughters !arriage is an e7a!(e of <<<<<<<+

a) Goa(-oriented $inancia( #(an

b) Co!rehensive $inancia( #(an

c) $inancia( goa(d) None of the above

Right Answer C


0; According to the Certified $inancia( #(anner 2oard of Standards F>SA)" the first stage in financia( (anning is <<<<<+

a) Ana(&se and .va(uate C(ient s $inancia( Status

b) .stab(ish and efine the C(ient-#(anner Re(ationshi

c) Gather C(ient ata" efine C(ient Goa(s

d) eve(o and #resent $inancia( #(anning Reco!!endations and or 9tions

Right Answer 2


0 3nvestor can get into (ong ter! invest!ent co!!it!ents in <<<<<<<<+

a) istribution #hase

b) 4ransition #hase

c) 3nter-generationa( #hase

d) Accu!u(ation #hase

Right Answer


0@ istribution hase of Wea(th C&c(e is a ara((e( of Retire!ent hase of ife C&c(e

a) 4R>.

b) $AS.

Right Answer A


10 Risk aetite of investors is assessed through <<<<<<<

a) Risk Aeti8ers

b) Asset A((ocators

c) Risk #rofi(ers

d) $inancia( #(an

Right Answer C


11 4he obJective of asset a((ocation is risk !anage!ent

a) 4R>.

b) $AS.

Right Answer A


1% 4he asset a((ocation that is worked out for an investor based on risk rofi(ing is ca((ed<<<+

a) 4actica( Asset A((ocation

b) $i7ed Asset A((ocation

c) $(e7ib(e Asset A((ocation

d) Strategic Asset A((ocation

Right Answer


1 *ode( ortfo(ios are a waste of ti!e for financia( (anners

a) 4R>.

b) $AS.

Right Answer 2

Chater Na!e Reco!!ending *ode( ortfo(ios and financia( (ans16 How !uch e/uit& wou(d &ou suggest for a &oung we(( sett(ed un!arried individua(

a) 100+00=

b) 0+00=

c) :0+00=

d) 60+00=

Right Answer 2


1,

a) @ !onths

b) 1% *onths

c) : !onths

d) 1 !onths

Right Answer C


1:

a) @ !onths

b) 1% *onths

A I # E F1 P i)Qn

A I # F1 P i)Qn

# I AQ n X (1 + i)

# I AQ n X (1 + i)

Caita( Gain fro! ebt *utua( $und 3nvest!ent are c(assified as a short ter! caita( gain (oss" if the invest!ents is so(dwithin<<<<<

Caita( Gain fro! ./uit& *utua( $und 3nvest!ent are c(assified as a short ter! caita( gain (oss" if the invest!ents is so(dwithin<<<<<

nism question

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