New Format Format
SAMPLE QUESTIONS 1 a) b) Right Answer Chater Na!e % a) b) c) d) Right Answer Chater Na!e a) b) c) Right Answer Chater Na!e 6 a) b) c) d) Right Answer Chater Na!e , a) b) c) d) Right Answer Chater Na!e : a) b) c) d) Right Answer Chater Na!e ; a) b) c) d) Right Answer Chater Na!e a) b) c) d) Right Answer Chater Na!e @ a) b) Right Answer Chater Na!e 10 a) b) c) d) Right Answer Chater Na!e 11 a) b) c) d) Right Answer Chater Na!e 1% a) b) c) d) Right Answer Chater Na!e
What is the advantage of G-Sec? No Credit Risk High Return A Return "Risk and #erfor!ance of $unds Sa!e Sa!e da& da& NA' NA' is is a a(ic (icab ab(e (e for a( a(ica icatio tion n sub sub!i !itte tted d bef befor ore e #* in the the fo(( fo((owi owing ng case case Rs+ , akh invest!ent in ./uit& $und Rs+ 1+,0 akh in ebt $und Rs+ ,0"000 in i/uid $und An& sche!e 2 3nvestor service $or $or Rs+ Rs+ , ak akhs hs inve invest sted ed in G3 G34 fun fund d 5 6 #*" #*" what what NA' NA' is is a a(i (ica cab( b(e? e? Sa!e a& NA' Ne7t a& NA' NA' NA' of the busi busine ness ss da& da& on on which which the fund funds s are are ava avai(a i(ab( b(e e for for uti( uti(i8a i8ati tion on befo before re cut cut-of -offf ti!e ti!e C 3nvestor service ife 3nsurance is !eant for 3nvest!ent 4a7 Saving i/uidit& Risk Coverage He(ing 3nvestors with financia( (anning 4he fo((o fo((owin wing g dist distrib ribut utio ion n cha chann nne( e( is not not (ike (ike(& (& to have have wide wide netw networ ork k for for distr distrib ibut ution ion 2anks 3$A Regiona( istributor #ost 9ffice 2 $und istribution and channe( !anage!ent ractices $ree $ree risk risk rof rofi( i(in ing g too too(( is is ava avai( i(ab ab(e (e with with fo(( fo((ow owin ing g co! co!a ani nies es webs websit ites es A*C istribution Agencies Research Agencies A(( of the the above above Reco!!ending *ode( ortfo(ios and financia( (ans A Aoint!en !ent of A*C A*C ca can be ter! ter!iinated b&<< &<<<<< Centra( Go Govern!ent ;,= of >nit Ho(ders 4rusties An& of the above 2 $und Structure and constituent *one& !arkets are regu(ated b& R23 S.23 A*$3 Centra( Go Govern!ent A ega( and Regu(ator& .nviron!ent $inan $inancia cia(( #(ann #(anner er shou shou(d (d not not give give a(te a(tern rnat ative ive (a (an n to the the c(ien c(ientt as the the c(ien c(ientt !a& get get conf confuse used d with with !an& !an& otio otions+ ns+ 4R>. $AS. 2 Reco!!ending *ode( ortfo(ios and financia( (ans When When shar share e !ar !arke kett corr correc ects ts"" a(te a(teri ring ng the the inve invest st!e !ent nt stra strate teg& g& is ca( ca((e (ed d 4actica( A((ocation Strategic A((ocation *arket A( A((ocation None of the above A Reco!!ending *ode( ortfo(ios and financia( (ans Who Who !anages the ension ion fund under N N# #S S? #ension $und *anagers *utua( $unds 3nsurance Co!anies As er the choice of 3nvestor A Se(ecting Right 3nvest!ent roduct for investors No!i No!ina nati tion on is not not o ossib ssib(e (e in the the fo(( fo((ow owin ing g asse assett Go(d Go(d .4$ Go(d Sector $und Shares of Go(d *ining Co!anies A 3nvestor Service
Page 1
New Format Format 1 a) b)
Rede! Rede!t tio ion n of of uni units ts in Stock Stock .7cha .7chang nge e can can be done done rov rovid ided ed the units units are are he( he(d d in in #h&sica( *ode e!at *ode
Right Answer Chater Na!e 16 a) b) c) d) Right Answer
2 3nvestor Service Cert Certif ific ica ate of eo eosi sits ts are are iss issu ued b& bank banks s for for a er erio iod d of of ears An& #eriod @1 to :, a&s As re/uired b& the investor C
Chater Na!e 1, a) b) Right Answer Chater Na!e
1; a) b) c) d) Right Answer Chater Na!e 1 a) b) Right Answer Chater Na!e 1@ a) b) c) d) Right Answer Chater Na!e %0 a) b)
Return "Risk and #erfor!ance of $unds Chi( Chi(dh dhoo ood d sta stage ge in ife ife C&c C&c(e (e and Wea(t ea(th h C&c C&c(e (e are are sa! sa!e+ e+ 4R>. $AS. 2 He(ing 3nvestors with financia( (anning 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%+,0 after a eriod of &ears? ,+@= ,+@= ata Not sufficient None of the above A Return "Risk and #erfor!ance of $unds What is the Share Ratio of an invest!ent which has given a return of := having a Standard eviation of 0+, and the risk free return at ,= ? %+00= %+,0= 1+,0= 1+00= A Return "Risk and #erfor!ance of $unds >nder >nder AGN3" AGN3" the the distr distrib ibuto utorr has has the the righ rightt to a aea ea(( agai against nst order order of of A*$3 A*$3 whe when n his his (icen (icense se is is canc cance( e(ed ed++ 4R>. $AS. 2 ega( and Regu(ator& .nviron!ent $or!at of B3* is rescribed b& S.23 4rustees A*C Custodian A 9ffer ocu!ent 2asi 2asic c Ra Rate of 4 4 for for Cor Coro ora rate te inve invest stor or is <<<< <<<<<< << 10= %,=
c) d) Right Answer Chater Na!e %1 a) b) c) d) Right Answer Chater Na!e %% a) b) c) d) Right Answer Chater Na!e
0= As er the ta7 s(ab of the investor C Accounting"'a(uation and 4a7ation What What is the the !ar !arke kett ri rice ce of a sto stock ck havi having ng a #. #. Rati Ratio o of of 10 10 and and .#S .#S of of ,? ,? ,0 % ,00 None of the above A Return "Risk and #erfor!ance of $unds #roc #roces ess s of offe offeri ring ng *$ Sch Sche! e!es es to to the the inve invest stor ors s for for the the firs firstt ti!e ti!e is is know known n as as 3# 9 $#9 N$9 .S9# C concet and ro(e of a !utua( fund
1: a) b) c) d) Right Answer Chater Na!e
% a) b)
9ffe 9fferr ocu ocu!e !ent nt sho shou( u(d d cont contai ain n the the data data of of nu!b nu!ber er of of co! co!(a (ain ints ts rec recei eive ved d 4R>. $AS.
Right Answer Chater Na!e %6 a) b)
A 9ffer ocu!ent What isare the benefits of e!at? #aer(ess 4r 4ransaction irect credit of dividend
c) d) Right Answer Chater Na!e %, a) b) c)
None of the above A(( of the the above above 3nvestor Service 3!ac 3!actt on e7ist e7isting ing insu insura rance nce cover coverag age e on new new chi(d chi(d birth birth in res rese ect ct of of ou oung ng *arr *arrie ied d Cou Cou(e (es s Additiona( 3nsurance re/uired No Changes re/uired 3nsurance needs to be decreased
Page 2
New Format d) Right Answer Chater Na!e %: a) b) c) d) Right Answer Chater Na!e %; a) b) Right Answer Chater Na!e % a)
*ore invest!ent re/uired A He(ing 3nvestors with financia( (anning 4i!e sta!ing is done at istributors 9ffice 2anks #oint of Service #oint of Accetance 3nvestor Service *utua( $und ho(ders donDt have the sa!e rights as a share ho(ders+ 4R>. $AS. A ega( and Regu(ator& .nviron!ent NA' reresents va(ue er unit in ter!s of <<<<<<<< *arket 'a(ue
b) c) d) Right Answer Chater Na!e %@ a) b) c) d) Right Answer Chater Na!e 0 a) b) c) d) Right Answer Chater Na!e 1 a) b) Right Answer Chater Na!e % a) b) Right Answer Chater Na!e a)
>nit Caita( >nit 'a(ue As rescribed b& S.23 A concet and ro(e of a !utua( fund SA3 needs to be udated 9nce in a &ear Within !onths fro! the c(osure of $inancia( ear .ver& : !onths No need to udate 2 9ffer ocu!ent 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 units of 1 Crores? 6 , : ata 3nsufficient A Accounting"'a(uation and 4a7ation ividend re-invest otion gives better return as co!ared to Growth 9tion since it has !ore nu!ber of units+ 4R>. $AS. 2 3nvestor Service A*C !a& charge Service 4a7 in resect of 3nvest!ent *anage!ent and Advisor& to the sche!e+ 4R>. $AS. 2 Accounting"'a(uation and 4a7ation istributors are aointed b& A*$3
b) c) d) Right Answer Chater Na!e
A*C 4rustees Sonsor 2 $und istribution and channe( !anage!ent ractices
6 a) b) c) d) Right Answer Chater Na!e , a) b) Right Answer Chater Na!e : a) b) Right Answer Chater Na!e ; a) b) c) d) Right Answer Chater Na!e a)
*utua( $unds in 3ndia are structured as 4rust Co!anies $ir!s Societies A $und Structure and constituent isting and eositor& fees canDt be charged to sche!e e7enses+ 4R>. $AS. 2 Accounting"'a(uation and 4a7ation S.23 rescribes !a7i!u! e7it (oad+ 4R>. $AS. A Accounting"'a(uation and 4a7ation 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 and having outstanding shares of 100 crores? 16 1% 160 1: A Return "Risk and #erfor!ance of $unds What is the NA' of a sche!e which is having stocks worth Rs+ 100 Crores" ividend receivab(e of Rs+ %+0; Crores" 3nterest Receivab(e of Rs+ 1+: Crores and $ees a&ab(e of Rs+ 0+%, Crore and 9utstanding units of ;, akhs? 1;+,;
Page 3
New Format b)
1;+
c)
1+;,
d) Right Answer Chater Na!e @ a) b) c) d) Right Answer Chater Na!e 60 a) b) Right Answer Chater Na!e 61 a) b) Right Answer Chater Na!e 6% a) b) Right Answer Chater Na!e 6 a) b) c) Right Answer Chater Na!e 66 a) b) c) d) Right Answer Chater Na!e 6, a) b) Right Answer Chater Na!e
1;,+ A Accounting"'a(uation and 4a7ation State!ent of invest!ent done b& investor doesnDt contain 4ransaction eriod atest NA' >nit ba(ance When !one& invested A 3nvestor Service 3nvestor for high (i/uidit& refer shou(d ot for $*# 4R>. $AS. 2 Return "Risk and #erfor!ance of $unds 3f *r+ E wants to invest Rs+ ;,000" then 3s BC needed? es No A 3nvestor Service iversified ./uit& funds is safer than diversified ebt funds+ 4R>. $AS. 2 Return "Risk and #erfor!ance of $unds Winning (otter& is an e7a!(e of Sudden Wea(th Wea(th istribution Wea(th Reaing A He(ing 3nvestors with financia( (anning Conservative investor does not invest in Sector $und arge si8e fund 2a(ance $und Arbitrage fund A sche!e se(ection Genera((& ba(anced funds are !ore riskier than G34 fund+ 4R>. $AS. A Return "Risk and #erfor!ance of $unds
6:
4ier 3 account in new ension sche!e FN#S) is ca((ed ension account+
a)
$AS.
b) Right Answer Chater Na!e 6;
4R>. 2 Se(ecting Right 3nvest!ent roduct for investors 'a(ue funds are genera((& !ore suitab(e than Growth funds in
a) b) c) d) Right Answer Chater Na!e 6 a) b) c) d) Right Answer Chater Na!e 6@ a) b) c) d) Right Answer Chater Na!e ,0 a) b) Right Answer Chater Na!e ,1 a) b) c) d)
stab(e !arket bu((ish !arket bearish !arket A(( of the above C sche!e se(ection 4F ividend istribution 4a7) in debt fund is? %,+00= 1+00= %0+00= 10+00= A Accounting"'a(uation and 4a7ation C(osed ended fund has Assured ividend $i7ed A>* $i7ed NA' $i7ed >nit Caita( concet and ro(e of a !utua( fund 3ndividua( investor canDt (edge *utua( fund >nits+ 4R>. $AS. 2 ega( and Regu(ator& .nviron!ent B3* is attached with <<<<< A(ication $or! 4ransaction s(i 9 A(( of the above
Page 4
New Format Right Answer Chater Na!e ,% a) b) c) d) Right Answer Chater Na!e , a) b) c) d) Right Answer Chater Na!e ,6 a) b) c) d) Right Answer Chater Na!e ,, a) b) Right Answer Chater Na!e ,: a) b) c) d) Right Answer
A 9ffer ocu!ent *r+ E has 1000 shares of E (td+ " co!an& dec(ares 1% bonus" how !an& additiona( shares wi(( he get? 1000 %000 ,00 000 C Accounting"'a(uation and 4a7ation *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? ,00 %%00 %00+, %%;%+; concet and ro(e of a !utua( fund 3nvest!ent obJective is c(ose(& (inked to <<<<< sche!e (an otion si A ega( and Regu(ator& .nviron!ent 3nvest!ent obJective defines the broad invest!ent charter 4R>. $AS. A ega( and Regu(ator& .nviron!ent State!ent of Account ost N$9 for an on going sche!e to be sent to the investors within a&s ; a&s 10 a&s 1, a&s C
Chater Na!e ,; a)
3nvestor Service 9ffer ocu!ents are aroved b& trustees and reared b& A*C+ 4R>.
b) Right Answer Chater Na!e , a) b) c) d) Right Answer Chater Na!e ,@ a) b) c) d) Right Answer Chater Na!e :0 a) b) c) d) Right Answer Chater Na!e :1 a) b) c) d) Right Answer Chater Na!e :% a) b) c) d) Right Answer Chater Na!e : a) b) c) d) Right Answer Chater Na!e
$AS. A 9ffer ocu!ent B3* has to be udated ever& <<<<<< : !onths 1 &ear .nd of 1st /uarter Need based 9ffer ocu!ent .ver& a(ication for! to be attached with 9ffer ocu!ent SA3 B3* 3nvest!ent Reort C 9ffer ocu!ent B3* shou(d contain fund erfor!ance returns for the ast &ears , &ears 1 &ears Need not contain fund erfor!ance reort 9ffer ocu!ent 4he fastest fund transfer otion is <<<<< R4GS N.$4 .CS S3# A 3nvestor Service the co!!issions received on the basis of the assets under the broker he(d as (ong as the invest!ent is <<<<<<<< >front 4rai( $ee >front $ee 2 $und istribution and channe( !anage!ent ractices institutiona( distributors bui(d reach through .*#9..S AG.N4S S>2 2R9B.RS an& of the above $und istribution and channe( !anage!ent ractices
Page 5
New Format :6 a) b) Right Answer Chater Na!e :, a) b) Right Answer
distributor can charge fee fro! the investor 4R>. $AS. A $und istribution and channe( !anage!ent ractices trai( co!!issions are (inked to va(uation of ortfo(io in the !arket 4R>. $AS. A
Chater Na!e :: a) b) c) d) Right Answer Chater Na!e :; a) b) c) d) Right Answer Chater Na!e : a) b)
$und istribution and channe( !anage!ent ractices if fund has a caita( of ;, crores" e7enses of %+, cr" va(utaion (osses of %+, cr" and 10 cr outstanding units" then what wi(( be the nav? ;0 @0 %+,,66 1+: A Accounting"'a(uation and 4a7ation tds on ! utua( funds is <<<<<<<<< 10= %,= Ni( 1+,0= C Accounting"'a(uation and 4a7ation dividends in the hands of the investor is e7e!t fro! ta7 4R>. $AS.
Right Answer Chater Na!e :@ a) b) Right Answer Chater Na!e ;0 a) b) c) d) Right Answer Chater Na!e ;1 a) b) c)
A Accounting"'a(uation and 4a7ation H>$ Barta can be fe!a(e 4R>. $AS. 2 3nvestor Service A erson can invest in !utua( fund without an card for a (i!it of<<<<<<<er A*C 100000 ,0000 %0000 Not er!ited 2 3nvestor Service AS2A is avai(ab(e for investors of <<<<<<<< Stock through *$ 9n(& during N$9 in *$ 9ngoing sche!es
d) Right Answer Chater Na!e ;% a) b) c) d) Right Answer Chater Na!e ; a) b) c) d) Right Answer Chater Na!e ;6 a) b) c) d) Right Answer Chater Na!e ;, a) b) c) d) Right Answer Chater Na!e ;:
9n(& c(osed ended 2 3nvestor Service 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? NA' of the da& receeding" da& of funds avai(ab(e for uti(i8ation thursda& NA' NA' of the da& receeding da&" of the da& of a(ication NA' of the a(ication da& A 3nvestor Service what wi(( be the share ratio" if gi(t return is 6=" ortfo(io return ;=" and std dev is 0+,=? : @ 1+666 %+, A Return "Risk and #erfor!ance of $unds 4renor ratio wi(( be" if gi(t fund return is 6=" ortfo(io return is ;=" and beta is 0+,= @ : 1+6 C Return "Risk and #erfor!ance of $unds if a erson sub!its outstation che/ue of rs ,0000- at %+0 ! which NA' wi(( he get? NA' of the da& receeding" da& of funds avai(ab(e for uti(i8ation NA' of the da& of che/ue rea(i8ation if before cut off ti!e NA' of the a(ication receeding da& nav of a(ication 2 3nvestor Service 4i!e sta!ing of on(ine transactions is considered as
a) b) c) d)
4i!e of the web site 4i!e of the #C 4i!e !entioned of web brouser" at order unched 4i!e with investor
Page 6
New Format Right Answer Chater Na!e ;; a) b) c) d) Right Answer Chater Na!e ; a) b) c) d) Right Answer Chater Na!e ;@ a) b) c) d) Right Answer Chater Na!e 0 a) b) c) Right Answer Chater Na!e 1 a) b) Right Answer Chater Na!e % a) b) c) d) Right Answer Chater Na!e a) b) c) d) Right Answer Chater Na!e 6 a) b) c) d) Right Answer Chater Na!e , a) b) Right Answer Chater Na!e : a) b) c) d) Right Answer Chater Na!e ; a) b) c) d) Right Answer Chater Na!e a) b) Right Answer Chater Na!e @ a) b)
C 3nvestor Service 3n growht otion" the units <<<<<<<<<<< increase as dividends announced 4ota( fund erfor!ance is catured NA' co!es down to the e7tent of dividend 4 2 3nvestor Service st is a co!bination of on ti!e invest!ent and s&ste!atic rede!tion there on si and st sw and si si and rede!tions C concet and ro(e of a !utua( fund if .#S is :" #. ratio is %," then what shou(d be the rice of the stock 1,0 +%% 10 0 A Return "Risk and #erfor!ance of $unds for a &oung ca(( centre e!(o&ee who is un !arried" the wea(th c&c(e hase wou(d be Accu!u(ation istribution stage Reaing Stage A Reco!!ending *ode( ortfo(ios and financia( (ans #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+ 4R>. $AS. 2 Reco!!ending *ode( ortfo(ios and financia( (ans Retired cou(e without chi(d " can invest into debt u to ;0= ./uit& 10= debt" ;0= e/uit& 10= e/uit& ,0=./uit& and ,0= ebt A Reco!!ending *ode( ortfo(ios and financia( (ans if so!ebod& wants to diversif& his ortfo(io"he has to invest into G9" Rea( .state" .K>34 AN .24 9n(& Go(d and ebt 9n(& ./uit& and ebt 9n(& Rea( estate"Go(d and . /uit& A Reco!!ending *ode( ortfo(ios and financia( (ans 4he !onth(& 3nco!e #(an tracks inde7 of 329R 3K>3$.E *3#3N.E .24 H2R3 3N.E C Return "Risk and #erfor!ance of $unds #ortfo(io of Go(d .4$ and go(d sector funds w(( be sa!e 4R>. $AS. 2 Return "Risk and #erfor!ance of $unds $und si8e is !ore i!ortant in se(ecting .K>34 $>N .24 $>N 3K>3 $>N G34 A sche!e se(ection Se(ecting a (i/uid fund fo((owing is i!ortant ara!eter fund e7enses and e7it (oads co!!issions to distributors initia( issue e7enses A(( of the above A sche!e se(ection *ore than ,0= of the wea(th of indians are in financia( assets 4R>. $AS. 2 Se(ecting Right 3nvest!ent roduct for investors >nder the new ension sche!e" tier LL account is a savings account+ 4R>. $AS.
Page 7
New Format Right Answer Chater Na!e @0 a) b) Right Answer Chater Na!e @1 a) b) c) d) Right Answer Chater Na!e @% a) b) c) d) Right Answer Chater Na!e @ a) b) Right Answer Chater Na!e @6 a) b) Right Answer Chater Na!e @, a) b)
A Se(ecting Right 3nvest!ent roduct for investors 3nterest on ub(ic rovidend fund F ##$ ) is ta7 free+ 4R>. $AS. A Se(ecting Right 3nvest!ent roduct for investors return on ortfo(io is :=" risk free return is = and beta is 0+,+ ca(cu(ate the trene&or ratio+ : 6 , 2 Return "Risk and #erfor!ance of $unds Return on ortfo(io is :=" risk free return is %= and Standard eviation is 0+,+ Ca(cu(ate the trene&or ratio+ : 6 , 2 Return "Risk and #erfor!ance of $unds %0= e7osure (i!it in derivatives is an e7a!(e of 3nvest!ent #o(ic& 3nvest!ent 9bJective A ega( and Regu(ator& .nviron!ent $inancia( (anners shou(d be ab(e to understand the concet of ta7 (anning+ 4R>. $AS. A He(ing 3nvestors with financia( (anning eosit 3nsurance is a(icab(e in case of *utua( $unds+ > to 1 (akh > to 10 (akh
c) Right Answer Chater Na!e
Ni( C Se(ecting Right 3nvest!ent roduct for investors
@: a) b) c) d) Right Answer Chater Na!e @; a) b) Right Answer Chater Na!e @ a) b) c) d) Right Answer Chater Na!e @@ a) b) c) Right Answer Chater Na!e 100 a) b) Right Answer Chater Na!e 101 a) b) Right Answer Chater Na!e 10% a) b) Right Answer Chater Na!e 10 a) b) c) Right Answer
Which of the fo((owing wou(d (i!it the invest!ent oortunit& ? ,00 Cr+ 3n 3nde7 $und ,00 Cr+ 3n Gi(t $und ,00 Cr+ 3n iversified $und ,00 Cr+ 3n Sector $und 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 4R>. $AS. A ega( and Regu(ator& .nviron!ent #AN Card is re/uired for $irst 4ransaction A(( 4ransactions Additiona( 4ransactions None of the above 2 3nvestor Service BC is re/uired for $or a!ount greater than %0"000 $or a!ount greater than ,0"000 $or an& a!ount C 3nvestor Service *idd(e-age investors shou(d not go for tactica( asset a((ocation for the retire!ent (anning 4R>. $AS. 2 Reco!!ending *ode( ortfo(ios and financia( (ans 4actica( asset a((ocation can be risk&+ 4R>. $AS. A Reco!!ending *ode( ortfo(ios and financia( (ans An investor shou(d consider e/uit& invest!ent (ess risk& in the (ong-ter! as co!ared to short-ter!+ 4R>. $AS. A Reco!!ending *ode( ortfo(ios and financia( (ans 3nheritance stage is e/uiva(ent to 3nter-generationa( stage istribution stage Accu!u(ation stage A
Page 8
New Format Chater Na!e 106 a) b) c) Right Answer Chater Na!e 10, a) b) c) d) Right Answer Chater Na!e 10: a) b) c) d) Right Answer Chater Na!e 10; a) b) c) d) Right Answer Chater Na!e 10 a) b) Right Answer Chater Na!e 10@ a) b) c) d) Right Answer Chater Na!e 110 a) b) c) d) Right Answer Chater Na!e 111 a) b) c) d) Right Answer Chater Na!e 11% a) b) c) Right Answer Chater Na!e 11 a) b) Right Answer Chater Na!e 116 a) b) Right Answer Chater Na!e 11, a) b) Right Answer Chater Na!e 11: a) b) c) d) Right Answer Chater Na!e
He(ing 3nvestors with financia( (anning Asset a((ocation shou(d be done according to 3nvest!ent needs $inancia( goa(s 3nsurance needs 2 Reco!!ending *ode( ortfo(ios and financia( (ans A*$3 code of conduct for inter!ediaries is given b& S.23 R23 A*$3 3RA C $und istribution and channe( !anage!ent ractices 4he #. of a share is 0 and the .#S is 10+What is the !arket rice? 1, 00 1+, 00 2 Return "Risk and #erfor!ance of $unds 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 %0 4i!es % 4i!es 0+, 4i!es 10 4i!es 2 sche!e se(ection A !inor cannot invest in !utua( funds direct(& or otherwise+ 4R>. $AS. 2 3nvestor Service Standard deviation can be ca(cu(ated in e7ce( with the he( of which of the fo((owing for!u(as? Std Cov 'ar S4.' Return "Risk and #erfor!ance of $unds What is the CAGR on the ortfo(io where the fund was urchased at 10+,= and so(d at 1%+,= after &ears ,+@= 10+;,= :+@,= +,0= A Return "Risk and #erfor!ance of $unds 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? %00 ti!es %0= %= 0= 2 Return "Risk and #erfor!ance of $unds Which of the fo((owing is considered to be a art of institutiona( categor& ? $33 H>$ #39 A $und istribution and channe( !anage!ent ractices 3s it necessar& for a trust to have beneficiaries? es No A $und Structure and constituent istribution of an investorDs ortfo(io between different asset c(asses is ca((ed Asset A((ocation+ 4R>. $AS. A Reco!!ending *ode( ortfo(ios and financia( (ans $und Age is !ore i!ortant ara!eter for e/uit& sche!e than debt sche!e+ 4R>. $AS. A sche!e se(ection $eeder $unds used for investing internationa((&" can invest in An& kind of 3nternationa( invest!ents subJect to !eet sche!e obJectives 9n(& 3nternationa( 2onds 9n(& 3nternationa( Stocks 9n(& 3nternationa( ./uit& erivatives A concet and ro(e of a !utua( fund
Page 9
New Format 11; a) b) Right Answer Chater Na!e 11 a) b) c) d) Right Answer Chater Na!e 11@ a) b) c) d) Right Answer Chater Na!e 1%0 a) b) c) Right Answer Chater Na!e 1%1 a) b) Right Answer Chater Na!e 1%% a) b)
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+ 4R>. $AS. A Accounting"'a(uation and 4a7ation 3nvestors (ooking to se(ect h&brid funds with ta7 benefit !ust choose Conservative *3# ebt orriented 2a(ance $und ./uit& 9riented 2a(ance $und Aggressive *3# C sche!e se(ection Which a!ongst fo((owing inter!ediaries is resonsib(e for i!(e!enting unifor! BC ? BC Registration Agencies eositor& #articiants *utua( $unds Registrar and 4ransfer Agents A 3nvestor Service S.23 does not a((ow a&!ent of co!!ission 3nvestors istributors 2ank A ega( and Regu(ator& .nviron!ent So!e ension funds are (i!ited b& charter to take e/uit& e7osure on(& through 3nde7 $unds+ 4R>. $AS. 2 ega( and Regu(ator& .nviron!ent <<<<efines broad invest!ent charter for a sche!e 3nvest!ent 9bJective 3nvest!ent Strateg&
c) Right Answer Chater Na!e
3nvest!ent #o(ic& A ega( and Regu(ator& .nviron!ent
1% a) b)
$or (isted units" *$ can choose to co!(& with the ru(e of an& one of the recogni8ed e7change 4R>. $AS.
Right Answer Chater Na!e 1%6 a) b)
2 ega( and Regu(ator& .nviron!ent $ace 'a(ue er unit is usua((& Rs+10 Rs+1000
c) Right Answer Chater Na!e 1%, a) b) c) d) Right Answer Chater Na!e 1%: a) b) c) d) Right Answer Chater Na!e 1%; a) b) c) d) Right Answer Chater Na!e 1% a) b) Right Answer Chater Na!e
Rs+100 A concet and ro(e of a !utua( fund 3nstitutiona( distribution channe( oerates through Sub broker A*C .!(o&ees 2ranches A(( of the above $und istribution and channe( !anage!ent ractices Which a!ong these docu!ents is not a source of infor!ation about investors e(igib(e to invest in *$ Sche!e ? 9 S3 Sche!e Annua( Reort B3* C 9ffer ocu!ent ast Ste of deve(oing !ode( ortfo(io is 3dentif& Risk Sche!e Se(ection 3nvestor #rofi(e Setting $inancia( Goa(s 2 He(ing 3nvestors with financia( (anning No advertise!ent sha(( direct(& indirect(& discredit other advertise!ents or !ake unfair co!arison+ 4R>. $AS. A ega( and Regu(ator& .nviron!ent *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 on sche!e in this eriod ? -1+;1= -1@+%= -%+06= -0+0%= A Return "Risk and #erfor!ance of $unds
1%@ a) b) c) d) Right Answer Chater Na!e
Page 10
New Format 10 a) b) Right Answer Chater Na!e 11 a) b) c)
.7ense (i!it inc(uding !anage!ent fees for inde7 sche!es inc(uding e7change traded funds is %+,= of average net asset+ 4R>. $AS. 2 Accounting"'a(uation and 4a7ation 4rust deed is signed between trustees <<<<<<< A*C R4A C.9 of A*C
d) Right Answer Chater Na!e
Sonsors $und Structure and constituent
1% a) b)
4ier LL account in New #ension Sche!e F N#S ) is ca((ed ension account+ 4R>. $AS.
Right Answer Chater Na!e 1 a) b)
2 Se(ecting Right 3nvest!ent roduct for investors $inancia( asset inc(uded Rea( .state Go(d
c) d) Right Answer Chater Na!e 16 a) b) c) Right Answer Chater Na!e 1, a) b) c) Right Answer Chater Na!e 1: a) b) c) Right Answer Chater Na!e 1; a) b)
Caita( *arket Securities A(( of the above C Se(ecting Right 3nvest!ent roduct for investors S.23Ds advertise!ent code (a&s down guide(ines to be fo((owed b& A*C istributors 3nvestors A ega( and Regu(ator& .nviron!ent 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 1;+,; 1%+%: 1+%6 A Accounting"'a(uation and 4a7ation $or!u(a of ca(cu(ating the future cost of Rs+%, (acs toda& after , &ears with inf(ation of = %, (acs O F 1P0+0) Q , %, (acs F 1P0+0) Q , %, (acs F 1P0+0) O , A Return "Risk and #erfor!ance of $unds *r+ E has invested at an NA' of Rs+ 10 in *$ and it beca!e Rs+1 after &ears+ What is CAGR Return? %1+:6= 0+%%=
c) d) Right Answer Chater Na!e 1 a) b) c) Right Answer Chater Na!e 1@ a) b) Right Answer Chater Na!e 160 a) b) c) d) Right Answer Chater Na!e 161 a) b) Right Answer Chater Na!e 16% a) b) c) d)
0+00= %:+::= A Return "Risk and #erfor!ance of $unds Short 4er! Caita( oss can be sett off against 9n(& Short 4er! Caita( Gain Short and (ong ter! caita( gain both 9n(& (ong ter! caita( gain 2 Accounting"'a(uation and 4a7ation Whi(e Running new fund offer" investor can invest in e7isting sche!es of A*C subse/uent(& 4R>. $AS. A concet and ro(e of a !utua( fund Which a!ongst the fo((owing aroaches where the investor invests constant a!ounts at regu(ar interva(s? S3# S4# SW# Switch A concet and ro(e of a !utua( fund *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 ? Notiona( Gain 'a(uation Gain 2 Accounting"'a(uation and 4a7ation Which a!ongst fo((owing funds have higher risk ? Sector $und i/uid $und *3# 3nco!e $und
Right Answer Chater Na!e 16 a)
A sche!e se(ection Which of the fo((owing is not a rating agenc& ? 3C3C3
Page 11
New Format b) c) d) Right Answer Chater Na!e 166 a) b) Right Answer
$itch 3CRA CR3S3 A Return "Risk and #erfor!ance of $unds 3nvestors can bu& go(d deosits through !utua( funds and 2anks+ 4R>. $AS. 2
Chater Na!e 16, a)
Se(ecting Right 3nvest!ent roduct for investors After getting retire!ent" 3nvestor shou(d invest on(& in i/uid funds+ 4R>.
b) Right Answer Chater Na!e
$AS. 2 Reco!!ending *ode( ortfo(ios and financia( (ans
16: a) b) c) d)
Which a!ongst the fo((owing funds have (ower risk ? Sector $und i/uid $und *3# 3nco!e $und
Right Answer Chater Na!e 16; a) b) c) d) Right Answer Chater Na!e 16 a) b) Right Answer Chater Na!e 16@ a) b) c) d) Right Answer Chater Na!e 1,0 a) b) Right Answer Chater Na!e 1,1 a) b) Right Answer Chater Na!e 1,% a) b) Right Answer Chater Na!e 1, a) b) Right Answer Chater Na!e 1,6 a) b) Right Answer Chater Na!e 1,, a) b) c) Right Answer Chater Na!e 1,: a) b) c) d) Right Answer Chater Na!e 1,; a)
2 sche!e se(ection 3f 3nvestor wants to invest in Go(d for (ong ter! then which is the idea( roduct ? Go(d .4$ Go(d $utures Mewe(er& Go(d $unds A Se(ecting Right 3nvest!ent roduct for investors .4$ offers advantage of bu& and se(( their units in the stock e7change at various rices during the da& that c(ose(& track the !arket at that ti!e+ 4R>. $AS. A 3nvestor Service Which of the fund offers !i7 of different assets ? ./uit& $unds i/uid $und 2a(ance $und ebt $und C Reco!!ending *ode( ortfo(ios and financia( (ans An&one who is aggrieved b& a ru(ing of S.23" can fi(e an aea( with the Securities Ae((ate 4ribuna( FSA4) + 4R>. $AS. A ega( and Regu(ator& .nviron!ent A*$3 disse!inates infor!ation on *utua( $und 3ndustr& and to undertake studies and research direct(&+ 4R>. $AS. A ega( and Regu(ator& .nviron!ent $u(( $or! of AGN3 A*$3 Guide(ines and Nor!s for inter!ediaries A*$3 Guide(ines and Nor!s for investors A ega( and Regu(ator& .nviron!ent A*$3 deve(os a cadre of a we((-trained Agent distributors and to i!(e!ent a rogra!!e of training and certification+ 4R>. $AS. A $und istribution and channe( !anage!ent ractices .ver& a(ication for! is to be acco!anied b& the B3*+ 4R>. $AS. A 9ffer ocu!ent Sche!e 3nfor!ation docu!ents shou(d be udated ear(& Kuarter *onth(& A 9ffer ocu!ent BC registration is re/uired for An& kind of *$ transaction $or Rede!tion $or Switch 1st 4i!e urchase 3nvestor Service A bank issues $oreign 3nward Re!ittance Certificate F$3RC) for !one& co!ing fro! abroad+ 4R>.
Page 12
New Format b) Right Answer Chater Na!e 1, a) b) Right Answer Chater Na!e 1,@ a) b) c) Right Answer Chater Na!e 1:0 a) b) Right Answer Chater Na!e 1:1 a) b) c) Right Answer Chater Na!e 1:% a) b) Right Answer Chater Na!e 1: a) b) c)
$AS. A 3nvestor Service 4he dai(& ti!e sta!ing of a(ication does not start with seria( 1+ 4R>. $AS. A 3nvestor Service An 3nvestor who is (ooking for rice areciation in (ong ter! shou(d ot for which (an? Growth ividend #a&out ividend Reinvest A concet and ro(e of a !utua( fund *id Ca funds have higher risk in <<<<<<< Recession #eriod 2oo! #eriod A sche!e se(ection 2eta of 3nde7 $und is ./ua( to 1 *ore than 1 ess than 1 A Return "Risk and #erfor!ance of $unds Areciation in the invest!ent ortfo(io is a <<<<<<<<<+ 'a(uation Gain Notiona( Gain A Accounting"'a(uation and 4a7ation Which a!ongst the fo((owing recurring e7enses attributes to an& *utua( $und sche!es *arketing e7enses $und Accounting $ees ereciation of fi7ed Assets
d) Right Answer Chater Na!e
None of the above 2 Accounting"'a(uation and 4a7ation
1:6 a) b) c) Right Answer Chater Na!e 1:, a) b) Right Answer Chater Na!e 1:: a) b) c) Right Answer Chater Na!e 1:; a) b) Right Answer Chater Na!e 1: a) b) Right Answer Chater Na!e 1:@ a) b) c) Right Answer Chater Na!e 1;0 a) b) c) d) Right Answer Chater Na!e 1;1 a) b) c) d)
$or ong ter! Caita( gain invest!ent in debt" *utua( $und shou(d be 1 ear ears % ears 2 Accounting"'a(uation and 4a7ation Caita( (oss can not be set off against an& head of inco!e+ 4R>. $AS. A Accounting"'a(uation and 4a7ation 3nvest!ents in *utua( $und units are e7e!ted fro! Caita( Gain 4a7 Wea(th 4a7 ividend istribution 4a7 2 Accounting"'a(uation and 4a7ation Arbitrage fund he(s to investors who want to articiate in e/uit& !arket 0 1 A sche!e se(ection Rea( .state is under contro( of investor who draws s&cho(ogica( co!fort+ 4R>. $AS. A Se(ecting Right 3nvest!ent roduct for investors Which of the fo((owing asset c(ass is riskier asset in New #ension Sche!e F N#S ) ? Asset C(ass . Asset C(ass C Asset C(ass G A Se(ecting Right 3nvest!ent roduct for investors Which of the fo((owing fa!i(& infor!ation has inf(uence on Risk Aetite .arning *e!bers eendent *e!bers ife .7ectanc& A(( of the above Reco!!ending *ode( ortfo(ios and financia( (ans Risk free rate is := and ortfo(io return is =+ 2eta of ortfo(io is %+ Ca(cu(ate 4re&nor Ratio 1 % 6
Page 13
New Format Right Answer Chater Na!e 1;% a) b) c) d) Right Answer Chater Na!e 1; a) b) c) d) Right Answer
A Return "Risk and #erfor!ance of $unds Risk free rate is := and ortfo(io return is =+ Standard deviation of ortfo(io is %+ Ca(cu(ate Share Ratio+ 1 % 6 A Return "Risk and #erfor!ance of $unds 3n the event of tur!oi(" va(ue of go(d <<<<<<<< 3ncreases ecreases Re!ains Constant None of the above A
Chater Na!e 1;6 a) b) Right Answer
Se(ecting Right 3nvest!ent roduct for investors 9en ended funds are !andatori(& (isted on stock e7changes 4R>. $AS. 2
Chater Na!e
concet and ro(e of a !utua( fund
1;, a) b) c) d) Right Answer
>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' 16+ 16+; 1, 16+@ 2
Chater Na!e 1;: a) b) c) d) Right Answer Chater Na!e 1;; a) b) c) d) Right Answer Chater Na!e 1; a) b)
Accounting"'a(uation and 4a7ation Munk bonds invest in <<<<< 4- 2i((s Gi(ts ow &ie(d bonds High ie(d bonds sche!e se(ection 4he agree!ent between trustees and sonsor is known as 4rust eed 3nvest!ent *anage!ent Agree!ent Custodia( Agree!ent None of the above A $und Structure and constituent #. ratio is %0+ *arket rice is 1,0+ .#S is 10 ;+,
c) d) Right Answer Chater Na!e 1;@ a) b) c) d) Right Answer Chater Na!e 10 a) b) c) d) Right Answer Chater Na!e 11 a) b) Right Answer Chater Na!e 1% a) b) c) d) Right Answer Chater Na!e 1 a)
%0 %, 2 Return "Risk and #erfor!ance of $unds Which of the fo((owing is not re/uired to be registered with S.23? R4 agent Custodian $und Accountant None of the above C $und Structure and constituent An account is treated as dor!ant if it is not oerated for !ore than : !onths 1% *onths %6 *onths !onths A ega( and Regu(ator& .nviron!ent $or &oung un!arried ca(( center !a(e e!(o&ee" !ode( ortfo(io is 100 = e/uities 4R>. $AS. 2 Reco!!ending *ode( ortfo(ios and financia( (ans 3f dividend is not aid within 0 da&s fro! date of dec(aration" interest is charged at rate of 1+00= %6+00= 1%+00= 1,+00= ega( and Regu(ator& .nviron!ent >nits are to be a((otted within <<
b) c) d) Right Answer
10 da&s 1, da&s ; da&s A
Page 14
New Format Chater Na!e 16 a) b) c) d) Right Answer Chater Na!e 1, a) b) c) d) Right Answer Chater Na!e 1: a) b) c) d) Right Answer Chater Na!e 1; a) b) c) d) Right Answer Chater Na!e 1 a) b) c) d)
ega( and Regu(ator& .nviron!ent 9ne of the benefit of ho(ding units in de!at for! is irect credit of bonus units .as& to se(( 4ransarenc& A(( of the above A 3nvestor Service 4he erson to who! units are (edged is known as #(edgor #(edgee ender 2roker 2 3nvestor Service 3n internationa( $und" do!estic fund is a(so known as $eeder $und Host $und $und of $und None of the above A concet and ro(e of a !utua( fund 2otto! u aroach is a(so known as Stock icking aroach Countr& se(ection aroach Sector se(ection aroach A(( of the above A Return "Risk and #erfor!ance of $unds Arbitrage funds are ta7ed as ./uit& funds ebt funds H&brid $unds 2a(anced $unds
Right Answer Chater Na!e 1@
A sche!e se(ection 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) b) Right Answer Chater Na!e 1@0 a) b) c) d) Right Answer Chater Na!e 1@1 a) b) c) d) Right Answer Chater Na!e 1@% a) b) c) d) Right Answer Chater Na!e 1@ a) b) c) d) Right Answer Chater Na!e 1@6 a) b) c) d) Right Answer Chater Na!e 1@, a) b) Right Answer Chater Na!e 1@:
4R>. $AS. 2 Accounting"'a(uation and 4a7ation >nder N#S" 4ier 33 account is oened for #ension Account Savings Account 2oth of the above None of the above 2 Se(ecting Right 3nvest!ent roduct for investors .ver& distributor !ust be a((otted ARN ARN and .>3N .>3N None of the above 2 $und istribution and channe( !anage!ent ractices <<<<<<<<< is an e7a!(e of Se(f Regu(ator& 9rgani8ation F SR9) 2S. S23 A*$3 None of the above A ega( and Regu(ator& .nviron!ent ./uit& oriented funds invest in <<<<<<<<<< = in e/uities ,0+00= *ore than ,0= :0+00= :,= above sche!e se(ection $irst ti!e investor shou(d read S3 SA3 B3* 9ffer docu!ent 9ffer ocu!ent A*Cs can charge interest on de(a&ed a&!ents to sche!e+ 4R>. $AS. 2 ega( and Regu(ator& .nviron!ent S44 is a&ab(e on
Page 15
New Format a) b) c) d) Right Answer Chater Na!e 1@; a) b) Right Answer Chater Na!e 1@ a) b) c) d) Right Answer Chater Na!e 1@@ a) b) c) d) Right Answer Chater Na!e %00 a) b) c) d) Right Answer Chater Na!e %01 a) b) c) d) Right Answer Chater Na!e %0% a) b) c) d) Right Answer Chater Na!e %0 a) b) c) d) Right Answer Chater Na!e %06 a) b) c) d) Right Answer Chater Na!e %0, a) b) c) d) Right Answer Chater Na!e %0: a) b) Right Answer Chater Na!e %0; a) b) c) d) Right Answer Chater Na!e %0 a) b)
./uities ./uit& futures ./uit& oriented *utua( $unds A(( of the above Accounting"'a(uation and 4a7ation A distributor does not get co!!ission on his own business+ 4R>. $AS. A $und istribution and channe( !anage!ent ractices C(ient aroaches the $inancia( #(anner for getting a housing (oan+ 4he financia( (anner shou(d do a(( of the be(ow e7cet Advise the c(ient against (oan as it is unethica( to borrow ut c(ient in touch with concerned eo(e for getting the (oan Arrange for financiers for the c(ient Advise c(ient on ter!s and conditions of the (oan A He(ing 3nvestors with financia( (anning 3nvestor reached eak of earning caacit& in Accu!u(ation hase #re-retire!ent hase istribution hase Sudden Wea(th stage 2 He(ing 3nvestors with financia( (anning Risk can be !easured b& 'ariance Standard deviation 2eta An& of the above Return "Risk and #erfor!ance of $unds $und of funds invest in NA' of other funds ./uit& Securities ebt Securities None of the above A sche!e se(ection 3f return of the fund is 6 and the 2eta is 0+, and risk free return is % + 4re&nor ratio wi(( be 6 : % A Return "Risk and #erfor!ance of $unds 3f return of the fund is ; and the standard deviation is % and risk free return is , + Share ratio wi(( be % 1 6 0 2 Return "Risk and #erfor!ance of $unds Securities in *utua( fund is with Custodian R4A 4rust A*C A $und Structure and constituent ong ter! caita( (oss can be adJusted against Short ter! caita( Gain ong ter! or Short ter! Gain ong ter! caita( Gain on(& Can not be adJusted C Accounting"'a(uation and 4a7ation 3n ebt $unds" ong ter! Caita( Gain is after ho(ding eriod of &ears+ 4R>. $AS. A Accounting"'a(uation and 4a7ation 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 10 1%+, %+, 2 Return "Risk and #erfor!ance of $unds 3f &ou bu& at NA' of 10 and se(( at NA' of 1%+,+ Ca(cu(ate the si!(e return %,+00= 0+%,=
Page 16
New Format c) Right Answer Chater Na!e %0@ a) b) c) d) Right Answer
:+%,= A Return "Risk and #erfor!ance of $unds .#S is Rs " #. ratio is Rs 1, + What wi(( be the *arket #rice 1,0 1%0 100 %00 2
Chater Na!e %10 a)
Return "Risk and #erfor!ance of $unds 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 %,+;=
b) c) d) Right Answer Chater Na!e %11 a) b)
,;+00= %:+:;= None of the above A Return "Risk and #erfor!ance of $unds B3* is abridged version of 9ffer ocu!ent+ 4R>. $AS.
Right Answer Chater Na!e %1% a) b)
A 9ffer ocu!ent 3nde7 funds F A(ong with 3nvest!ent *anage!ent $ees ) "recurring e7enses are uto %+,=+ 4R>. $AS.
Right Answer Chater Na!e
2 Accounting"'a(uation and 4a7ation 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) 11+@ 1%+
%1 a) b) c) d) Right Answer Chater Na!e %16 a) b) Right Answer
1%+6 1+% 2 Accounting"'a(uation and 4a7ation $oreigner can not invest in *utua( funds even after co!(eting BC+ 4R>. $AS. A
Chater Na!e
3nvestor Service
%1, a) b) c) d) Right Answer Chater Na!e %1: a) b) Right Answer Chater Na!e
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 .7it oad .ntr& oad Contingent eferred sa(es charge None of the above A Accounting"'a(uation and 4a7ation 4he !utua( fund trust is e7e!ted fro! ta7+ 4R>. $AS. A Accounting"'a(uation and 4a7ation 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 of the dividend inco!e e7e!ted+ 3f <<<<<<<<<< 3nvestor bu&s units within !onths rior to the record date for a dividend Se((s those units within @ !onths after the record date 2oth of the above None of the above C Accounting"'a(uation and 4a7ation Munk bond sche!es are high &ie(d bond sche!es+ 4R>. $AS. A sche!e se(ection Who is the Regu(ator& Authorit& of *utua( funds 3n 3ndia? 3RA R23 S.23 #$RA C ega( and Regu(ator& .nviron!ent Whi(e the S.23 Code of Conduct (a&s down broad rinci(es" the A*$3 code of ethics FAC.) sets !ore Stic ker standards for A*Cs and 4rustees+ 4R>. $AS. A ega( and Regu(ator& .nviron!ent 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&+ 4R>. $AS.
%1; a) b) c) d) Right Answer Chater Na!e %1 a) b) Right Answer Chater Na!e %1@ a) b) c) d) Right Answer Chater Na!e %%0 a) b) Right Answer Chater Na!e %%1 a) b)
Page 17
New Format Right Answer Chater Na!e %%% a) b) Right Answer Chater Na!e %% a) b) Right Answer Chater Na!e %%6 a) b) c) d) Right Answer Chater Na!e %%, a) b) c) d) Right Answer Chater Na!e %%: a) b) c) d) Right Answer Chater Na!e %%; a) b) c) d) Right Answer Chater Na!e %% a) b) c) d) Right Answer Chater Na!e %%@ a) b) Right Answer Chater Na!e %0 a) b) Right Answer Chater Na!e %1 a) b) Right Answer Chater Na!e %% a) b) Right Answer Chater Na!e % a) b) Right Answer Chater Na!e %6 a) b) c) d) Right Answer Chater Na!e %, a) b)
2 3nvestor Service >nit-ho(ders have roortionate right to the beneficia( ownershi of the assets of the sche!e+ 4R>. $AS. A ega( and Regu(ator& .nviron!ent 3nvestors can ho(d their units even in a fraction of 1 unit+ 4R>. $AS. A concet and ro(e of a !utua( fund 3f an investor !ake a urchase of Rs 1+, cr in Gi(t $und with oca( Che/ue+ NA' a(icab(e wi(( be Sa!e a& NA' Ne7t 2usiness a& NA' 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 None of the above C 3nvestor Service Which of the fo((owing has the highest risk ? High ie(d ebt $und 3nco!e $und Gi(t $und i/uid $und A sche!e se(ection Which of the fo((owing is a h&sica( asset ? 2ui(ding Go(d .4$ *$ $ A Se(ecting Right 3nvest!ent roduct for investors Which does not u(( the return down ? 4a7 .7enses ie(d A(( of the above C concet and ro(e of a !utua( fund Asset A((ocation can var& because of which reason Change in !arket change in interest rate 2oth of the above None of the above C Reco!!ending *ode( ortfo(ios and financia( (ans A*C rocesses the BC+ 4R>. $AS. 2 3nvestor Service A(( A*C have sa!e co!!ission structure+ 4R>. $AS. 2 $und istribution and channe( !anage!ent ractices 9n rede!tion of ./uit& fund S44 is a(icab(e+ 4R>. $AS. A Accounting"'a(uation and 4a7ation Software deve(o!ent e7ense can be charged to the sche!e+ 4R>. $AS. 2 Accounting"'a(uation and 4a7ation istribution of invest!ent ortfo(io in different assets is ca((ed asset a((ocation+ 4R>. $AS. A Reco!!ending *ode( ortfo(ios and financia( (ans uring econo!ic tur!oi( it can be risk& to invest in <<<<<<<< *id S!a(( Ca arge Ca iversified ./uit& fund Growth $und A sche!e se(ection Where do &ou get the benefit of deosit insurance? 9n invest for one fund in *$ on invest in (i/uid fund
Page 18
New Format c) d) Right Answer Chater Na!e %: a) b) Right Answer Chater Na!e %; a) b) c) d) Right Answer Chater Na!e % a) b) Right Answer Chater Na!e %@ a) b) c) Right Answer Chater Na!e %60 a) b) c) d) Right Answer Chater Na!e %61 a) b) c) d) Right Answer Chater Na!e %6% a) b) c) d) Right Answer Chater Na!e %6 a) b) c) d) Right Answer Chater Na!e %66 a) b) Right Answer Chater Na!e %6, a) b) c) Right Answer Chater Na!e %6: a) b) Right Answer Chater Na!e %6; a) b) c) d) Right Answer Chater Na!e %6 a) b) Right Answer
on invest in gi(t fund no deosit insurance is avai(ab(e in *$ Se(ecting Right 3nvest!ent roduct for investors 4 is a(icab(e in ebt *utua( $unds 4R>. $AS. A Accounting"'a(uation and 4a7ation Who can aoint a trustee? A*C S.23 Sonsor Custodian C $und Structure and constituent 3nvestor have a right to see custodian annua( reort+ 4R>. $AS. A ega( and Regu(ator& .nviron!ent 2eta of (ess than one is considered to be (ess risk& !ore risk& no difference A Accounting"'a(uation and 4a7ation Which docu!ent is not re/uired to be sub!itted in case of a co!an& which want to invest? 2oard Reso(ution #AN Card A9A *9A 2a(ance Sheet 3nvestor Service ou desire the benefit of ruee cost advantage in which of the fo((owing? S3# SW# S4# S44 A concet and ro(e of a !utua( fund 9en ended fund has a feature of variabi(it& in unit caita( variabi(it& in no of units 2oth of the above None of the above C concet and ro(e of a !utua( fund Sche!e other than .SS and RG.SS can re!ain oen for subscrition for !a7i!u! of <<<<< 10 da&s 1, a&s a&s % a&s 2 ega( and Regu(ator& .nviron!ent $und of $und has a cut off ti!e for dec(aring NA' at @ ! the sa!e da&+ 4R>. $AS. 2 3nvestor Service 9ffer docu!ent consists of the fo((owing S3 P SA3 S3 P B3* SAA3 P B3* A 9ffer ocu!ent istributors have got a new distribution channe( b& offering *$ on the stock !arket to their investors+ 4R>. $AS. A $und istribution and channe( !anage!ent ractices Which grou of eo(e are a((owed to invest in *utua( funds? *inor H>$ NR3 A(( of the above $und istribution and channe( !anage!ent ractices $u(( for! of AS2A A(ication suorted b& b(ock a!ount A(ication suorted b& booked a!ount A
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New Format Chater Na!e %6@ a) b) Right Answer Chater Na!e %,0 a) b) c) d) Right Answer Chater Na!e %,1 a) b) Right Answer Chater Na!e %,% a) b) Right Answer Chater Na!e %, a) b) c) d) Right Answer Chater Na!e %,6 a) b) Right Answer
3nvestor Service 3n case of dividend reinvest" NA' dec(ares to the e7tent of dividend and 4+ 4R>. $AS. A Accounting"'a(uation and 4a7ation Annua( Reort needs to be ub(ished in <<<<<< at (east % dai(& newsaer Website of A*C Website of A*$3 A(( of the above ega( and Regu(ator& .nviron!ent >nit certificate is not usefu( for transferring and (edging the unit of *utua( $und+ 4R>. $AS. 2 3nvestor Service $*# suffers 3nterest Rate Risk+ 4R>. $AS. 2 sche!e se(ection A sector fund shou(d have a !ini!u! of <<< e/uit& in that articu(ar sector+ :,+00= ;,+00= ,0+00= 100+00= A sche!e se(ection Since Go(d .4$ is a c(osed ended fund its ho(ding are for eretua(+ 4R>. $AS. 2
Chater Na!e %,, a)
sche!e se(ection >nits of<<<<<<<<<<<<< !ust be (isted on the stock e7change+ Sector $und
b) c) d) Right Answer Chater Na!e %,: a) b) Right Answer Chater Na!e %,; a) b) Right Answer Chater Na!e %, a) b) Right Answer Chater Na!e %,@ a) b) c) Right Answer Chater Na!e %:0 a) b) c) d) Right Answer Chater Na!e %:1 a) b) c) d) Right Answer Chater Na!e %:% a) b) Right Answer Chater Na!e
i/uid $und c(ose ended fund oen ended fund C concet and ro(e of a !utua( fund 9en-ended sche!es genera((& offer e7it otion to investors through a stock e7change+ 4R>. $AS. 2 concet and ro(e of a !utua( fund Sector funds invest in a diverse range of sectors 4R>. $AS. 2 concet and ro(e of a !utua( fund High &ie(d bond sche!es invest in Junk bonds 4R>. $AS. A concet and ro(e of a !utua( fund 3nvest!ent obJective is c(ose(& (inked to <<<<<<<< sche!e 9tion #(an A concet and ro(e of a !utua( fund 4he assets of the !utua( fund are he(d b& <<<<<< A*C 4rustees Custodian Registrar C $und Structure and constituent *ini!u! networth re/uire!ent for a new A*C is <<<<<<< Rs+,0 Cr Rs+ , Cr Rs+ 6 Cr Rs+10 Cr A $und Structure and constituent A*C directors are aointed with the er!ission of 4rustees 4R>. $AS. A $und Structure and constituent
Page 20
New Format %: a) b) c) d) Right Answer Chater Na!e %:6 a) b) Right Answer Chater Na!e %:, a) b) c) d) Right Answer Chater Na!e %:: a) b) Right Answer Chater Na!e %:; a) b) c) d) Right Answer Chater Na!e %: a) b) c) d) Right Answer Chater Na!e %:@ a) b) Right Answer Chater Na!e %;0 a) b) Right Answer Chater Na!e %;1 a) b) Right Answer Chater Na!e %;% a) b) Right Answer Chater Na!e %; a) b) c) d) Right Answer Chater Na!e %;6 a) b) c) d) Right Answer Chater Na!e %;, a) b) Right Answer Chater Na!e %;: a) b) Right Answer Chater Na!e
*ost investor service centres are offices of <<<<<<< 4rustees Registrar Custodian $und Account 2 $und Structure and constituent $und accounting activit& of a sche!e is to be co!u(sori(& outsourced 4R>. $AS. 2 $und Structure and constituent S.23 regu(ates <<<<<<<<<< *utua( $unds eositories Registrar and 4ransfer Agents A(( of the above ega( and Regu(ator& .nviron!ent 3nvest!ent obJective defines the broad invest!ent charter+ 4R>. $AS. A ega( and Regu(ator& .nviron!ent State!ent of Account is to be sent to investors within <<< da&s of N$9 c(osure , ; 1, 2 ega( and Regu(ator& .nviron!ent Within <<< da&s of dividend dec(aration" warrants wi(( have to be sent to investors ; 10 1, 0 ega( and Regu(ator& .nviron!ent >nit ho(ders can ho(d their units in de!at for! 4R>. $AS. A ega( and Regu(ator& .nviron!ent ega((&" SA3 is art of the S3 4R>. $AS. A 9ffer ocu!ent 9ffer docu!ents of !utua( fund sche!es are aroved b& S.23 4R>. $AS. 2 9ffer ocu!ent B3* has to be udated ever& : !onths 4R>. $AS. 2 9ffer ocu!ent 3nstitutiona( distributors bui(d reach through <<<<<< .*#9..S AG.N4S S>2 2R9B.RS An& of the above $und istribution and channe( !anage!ent ractices 4he !a7i!u! initia( co!!ission that a sche!e can a& to distributors is <<<< Ni( 0+0,= 1+00= %+00= A $und istribution and channe( !anage!ent ractices 4he distributor can charge a fee fro! the investor 4R>. $AS. A $und istribution and channe( !anage!ent ractices Stock e7change brokers are er!itted to distribute !utua( funds without the re/uire!ent of assing the certif&ing test+ 4R>. $AS. 2 $und istribution and channe( !anage!ent ractices
Page 21
New Format %;; a) b)
4rai( co!!issions are (inked to va(uation of ortfo(io in the !arket 4R>. $AS.
Right Answer Chater Na!e %; a) b) Right Answer Chater Na!e %;@
A $und istribution and channe( !anage!ent ractices Net assets of a sche!e are nothing but its invest!ent ortfo(io 4R>. $AS. 2 Accounting"'a(uation and 4a7ation 4he difference between NA' and re-urchase rice is <<<<<<<
a) b) c) d) Right Answer Chater Na!e %0 a) b) c) d) Right Answer Chater Na!e %1 a) b) Right Answer Chater Na!e %% a) b) Right Answer Chater Na!e
.ntr& oad .7it oad .7enses ividend Striing 2 Accounting"'a(uation and 4a7ation NA' of inco!e funds is to be ca(cu(ated uto <<< deci!a(s 6 % 1 A Accounting"'a(uation and 4a7ation Securities 4ransaction 4a7 is a(icab(e to ./uit& Sche!es 4R>. $AS. A Accounting"'a(uation and 4a7ation Wea(th ta7 is a&ab(e at the a(icab(e rates on e/uit& !utua( fund units 4R>. $AS. 2 Accounting"'a(uation and 4a7ation $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 ? ,+:%, Cr
% a) b) c) d)
, Cr 6+:%, Cr ,+%, Cr
Right Answer Chater Na!e %6 a) b)
Accounting"'a(uation and 4a7ation As er S.23 regu(ations" foreign nationa(s are er!itted to invest in 3ndian !utua( funds" subJect to BC 4R>. $AS.
Right Answer Chater Na!e
A 3nvestor Service
%, a) b) Right Answer Chater Na!e %: a) b) c) d) Right Answer Chater Na!e %; a) b) c) d) Right Answer
#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 4R>. $AS. A 3nvestor Service 3nvest!ents in !utua( fund can be !ade using <<<<< Che/ue Re!ittance AS2A An& of the above 3nvestor Service Cut-off ti!ing guide(ines are not a(icab(e for <<<<< N$9s 3nternationa( $unds 2oth of the above None of the above C
Chater Na!e % a)
3nvestor Service S4# is a co!bination of S3# and SW# 4R>.
b) Right Answer Chater Na!e %@ a)
$AS. A 3nvestor Service 3nvestors BC detai(s are stored in the server of <<<<< A*C
b) c) d) Right Answer Chater Na!e %@0 a) b)
A*$3 S.23 BRA 3nvestor Service $unda!enta( ana(&sis is eva(uation of the strength of the co!an&s rice-vo(u!e charts 4R>. $AS.
Page 22
New Format Right Answer Chater Na!e %@1 a) b) Right Answer Chater Na!e %@% a) b) c) d) Right Answer Chater Na!e %@ a) b) Right Answer Chater Na!e %@6 a) b) c) d) Right Answer Chater Na!e %@, a) b) Right Answer Chater Na!e %@: a) b)
2 Return "Risk and #erfor!ance of $unds 3n a to-down aroach" sector a((ocation recedes stock se(ection 4R>. $AS. A Return "Risk and #erfor!ance of $unds Which of the fo((owing is a tru(& internationa( asset c(ass? Rea( .state .K>34 Go(d ebt C Return "Risk and #erfor!ance of $unds oads and ta7es !a& account for the difference between sche!e returns and investor returns 4R>. $AS. A Return "Risk and #erfor!ance of $unds 4he !ost aroriate !easure of returns for a sche!e in e7istence for severa( &ears is <<+ Si!(e Return ividend Return Annua(i8ed Return CAGR Return "Risk and #erfor!ance of $unds ./uit& !arkets are !ore redictab(e in the (ong ter! than the short 4R>. $AS. A sche!e se(ection Arbitrage funds are !eant to give better e/uit& risk e7osure 4R>. $AS.
Right Answer Chater Na!e %@;
2 sche!e se(ection 4he co!arab(e for a (i/uid sche!e is <<<<<<<
a) b) c) d) Right Answer Chater Na!e %@ a) b) c) d) Right Answer Chater Na!e %@@ a) b) Right Answer Chater Na!e 00 a) b) Right Answer Chater Na!e 01 a) b) Right Answer Chater Na!e 0% a) b) Right Answer Chater Na!e 0 a) b) c) d) Right Answer Chater Na!e 06 a) b) c) d)
./uit& Sche!e 2a(anced Sche!e Gi(t $und Saving 2ank Account sche!e se(ection Which of the fo((owing asects of ortfo(io wou(d an investor in a debt sche!e give !ost i!ortance? Sector Se(ection Stock Se(ection Weighted Average *aturit& No of securities in ortfo(io C sche!e se(ection *utua( fund ranking and rating a!ount to the sa!e 4R>. $AS. 2 sche!e se(ection *ore than ,0= of the wea(th of 3ndians is he(d in h&sica( assets 4R>. $AS. A Se(ecting Right 3nvest!ent roduct for investors Go(d $utures are suerior to .4$ Go(d as a vehic(e for (ife-(ong invest!ent in go(d 4R>. $AS. 2 Se(ecting Right 3nvest!ent roduct for investors As regards wea(th ta7" .4$ Go(d is suerior to h&sica( go(d 4R>. $AS. A Se(ecting Right 3nvest!ent roduct for investors 4he Nationa( #ension S&ste! is regu(ated b& <<<<<< S.23 3RA #$RA A*$3 C Se(ecting Right 3nvest!ent roduct for investors An investor under the Nationa( #ension S&ste! can choose which of the fo((owing asset c(asses ? ./uities Cororate ebt Govern!ent Securities A(( of the above
Page 23
New Format Right Answer Chater Na!e 0, a) b) c)
Se(ecting Right 3nvest!ent roduct for investors 4oda&s costs can be trans(ated into future re/uire!ent of funds using the for!u(a 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)
d) Right Answer Chater Na!e 0: a) b) c) d) Right Answer Chater Na!e 0; a) b) c) d) Right Answer Chater Na!e 0 a) b) c) d) Right Answer Chater Na!e 0@ a) b)
A He(ing 3nvestors with financia( (anning #roviding funds for a daughters !arriage is an e7a!(e of <<<<<<<+ Goa(-oriented $inancia( #(an Co!rehensive $inancia( #(an $inancia( goa( None of the above C He(ing 3nvestors with financia( (anning According to the Certified $inancia( #(anner 2oard of Standards F>SA)" the first stage in financia( (anning is <<<<<+ Ana(&se and .va(uate C(ients $inancia( Status .stab(ish and efine the C(ient-#(anner Re(ationshi Gather C(ient ata" efine C(ient Goa(s eve(o and #resent $inancia( #(anning Reco!!endations and or 9tions 2 He(ing 3nvestors with financia( (anning 3nvestor can get into (ong ter! invest!ent co!!it!ents in <<<<<<<<+ istribution #hase 4ransition #hase 3nter-generationa( #hase Accu!u(ation #hase He(ing 3nvestors with financia( (anning istribution hase of Wea(th C&c(e is a ara((e( of Retire!ent hase of ife C&c(e 4R>. $AS.
Right Answer Chater Na!e 10
A He(ing 3nvestors with financia( (anning Risk aetite of investors is assessed through <<<<<<<
a) b) c)
Risk Aeti8ers Asset A((ocators Risk #rofi(ers
d) Right Answer Chater Na!e 11 a)
$inancia( #(an C Reco!!ending *ode( ortfo(ios and financia( (ans 4he obJective of asset a((ocation is risk !anage!ent 4R>.
b) Right Answer Chater Na!e 1% a) b) c) d) Right Answer Chater Na!e 1 a) b) Right Answer Chater Na!e 16 a) b) c) d) Right Answer Chater Na!e
$AS. A Reco!!ending *ode( ortfo(ios and financia( (ans 4he asset a((ocation that is worked out for an investor based on risk rofi(ing is ca((ed<<<+ 4actica( Asset A((ocation $i7ed Asset A((ocation $(e7ib(e Asset A((ocation Strategic Asset A((ocation Reco!!ending *ode( ortfo(ios and financia( (ans *ode( ortfo(ios are a waste of ti!e for financia( (anners 4R>. $AS. 2 Reco!!ending *ode( ortfo(ios and financia( (ans How !uch e/uit& wou(d &ou suggest for a &oung we(( sett(ed un!arried individua( 100+00= 0+00= :0+00= 60+00= 2 Reco!!ending *ode( ortfo(ios and financia( (ans Caita( Gain fro! ebt *utua( $und 3nvest!ent are c(assified as a short ter! caita( gain (oss" if the invest!ents is so(d within<<<<<
1, a) b) c) d) Right Answer Chater Na!e 1: a) b) c) d) Right Answer Chater Na!e
@ !onths 1% *onths : !onths 1 !onths C Accounting"'a(uation and 4a7ation Caita( Gain fro! ./uit& *utua( $und 3nvest!ent are c(assified as a short ter! caita( gain (oss" if the invest!ents is so(d within<<<<< @ !onths 1% *onths : !onths 1 !onths 2 Accounting"'a(uation and 4a7ation
Page 24
