Mutual Funds Quiz

What is a mutual fund?

• A type of investment vehicle that pools money from many investors

• A savings account with a fixed interest rate

• A government bond with a maturity date

• A personal loan from a bank

Which of the following is a role played by a fund manager in a mutual fund?

• Managing the investment portfolio

• Auditing the financial statements

• Providing legal advice

• Marketing the fund to new investors

How are mutual funds typically regulated?

• Through a simplified prospectus and fund facts document

• By setting fixed interest rates

• By limiting the number of investors

• By government ownership

What does the acronym AIF stand for in investment funds?

• Annual Information Form

• Asset Investment Fund

• Authorized Investment Form

• Annual Investment Fund

Which organization is abbreviated as MFDA?

• Mutual Fund Dealers Association

• Market Fund Development Association

• Monetary Fund Dealers Association

• Mutual Finance Development Association

What is the full form of NAVPS in the context of investment funds?

• Net Asset Value Per Share

• Net Annual Value Per Share

• Net Asset Value Per Stock

• Net Annual Value Per Stock

What does SRO stand for in the context of investment funds?

• Self-Regulatory Organization

• Securities Regulatory Office

• Stock Regulation Office

• Self-Regulation Office

What is the purpose of a simplified prospectus in investment funds?

• To provide essential information about a mutual fund

• To outline the annual financial report of a company

• To detail the investment strategies of a fund manager

• To list the board of directors of a company

What is a mutual fund?

• A type of savings account with a fixed interest rate

• An investment vehicle operated by an investment company

• A government bond with a guaranteed return

• A personal loan from a bank

What does NAVPU stand for in the context of mutual funds?

• Net Annual Value Per Unit

• Net Asset Value Per Unit

• National Asset Value Per Unit

• New Asset Value Per Unit