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A close-ended mutual fund has a fixed :

A. NAV B. fund size C. rate of returnD. number of distributorsE. I am not attempting this question

ANSWER: B

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The maximum load that a fund can charge is determined by the :

A. AMC B. SEBI C. AMFI D. distribution agents based on demand for the fund E. I am not attempting this question

ANSWER: B

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

A. 2000B. 2015C. 1985D. 2030E. I am not attempting this question

ANSWER: D

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A gilt fund is a special type of fund that invests :

A. in very high quality equity only B. in instruments issued by companies with a sound track record C. in short-term securities D. in government securities only E. I am not attempting this question

ANSWER: D

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Of the following fund types, the highest risk is associated with A. Balanced Funds B. Gilt Funds C. Equity Growth Funds D. Debt Funds E. I am not attempting this question

ANSWER: C

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The NAV of a mutual fund:

A. is always constant B. keeps going up at a steady rate C. fluctuates with market price movements D. cannot go down at all E. I am not attempting this question

ANSWER: C

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An open-ended mutual fund is one that has:

A. an option to invest in any kind of security B. units available for sale and repurchase at all times C. an upper limit on its NAV D. a fixed fund size E. I am not attempting this question

ANSWER: B

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An investor in a close-ended mutual fund can get his/her money back by selling his/her units:

A. back to the fund B. to a special trust at NAV C. on a stock exchange where the fund is listed D. to the agent through which he/she subscribed to the units of the fund E. I am not attempting this question

ANSWER: C

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The "load" charged to an investor in a mutual fund is

A. entry fee B. cost of the paper on which the unit certificates are printed C. the fee the agent charges to the investor D. the expenses incurred by fund managers for marketing a mutual fund scheme E. I am not attempting this question

ANSWER: D

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A mutual fund is owned by A. the Govt. of India B. SEBI C. all its investors D. AMFI E. I am not attempting this question

ANSWER: C

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