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Worksheets

FMS Trimester 2 Batch 2023-25 Division E

Total questions: 20

Worksheet time: 40mins

Name
Class
Date
1.

Which type of Fund is required to be listed on Stock Exchange?

a)

Debit Fund

b)

Liquid Fund

c)

Close Ended Funds

d)

Sector Funds

2.

Funds which combined the features of an Open-Ended and Close-Ended funds are known as which of the following?

a)

Interval funds

b)

Balance funds

c)

Specialty funds

d)

None of the above

3.

Which of the following banks launched the first mutual fund in India?

a)

State Bank of India

b)

Canara Bank

c)

Indian Bank

d)

Bank of India

4.

Which of the following organizations is the Mutual Fund market regulator in India?

a)

SEBI

b)

RBI

c)

ICICI

d)

CIBIL

5.

What is the full form of NAV?

a)

Net Assessment Value

b)

National Asset Value

c)

Net Asset Value

d)

National Asset Variation

6.

Which of the following is NOT a benefit of investing in mutual funds in India?

a)

Diversification

b)

Professional management

c)

Liquidity

d)

Guaranteed returns

7.

The exit load for a balanced fund in India is typically:

a)

Higher than for equity funds.

b)

Lower than for equity funds.

c)

The same as for equity funds.

d)

Cannot be determined without knowing the specific fund.

8.

Which of the following is NOT a type of mutual fund scheme in India?

a)

Equity scheme

b)

Debt scheme

c)

Balanced scheme

d)

Hybrid scheme

9.

Which mutual fund company has launched its NIFTY 100 Low Vol 30 ETF (exchange traded fund) to measure the performance of the low volatile securities in March 2022?

a)

ICICI prudential mutual fund

b)

HDFC mutual fund

c)

HSBC mutual fund

d)

Kotak Mahindra mutual fund

10.

In India, AMC must be registered with__.

a)

Indian Companies Act, 2013

b)

No registration required.

c)

Securities Exchange Board of India

d)

Reserve Bank of India

11.

Day to day operations of a mutual fund is handled by

a)

Asset Management Company

b)

Sponsor

c)

Trustee

d)

Shareholders

12.

Liquidity of shares of _____is least.

a)

Large-cap companies

b)

Small-cap companies

c)

Mid-cap companies

d)

None of the above

13.

Tracking Error of _____ fund has to be minimized.

a)

Index Fund

b)

Debt Fund

c)

Guilt Fund

d)

Equity Fund

14.

Markets in which derivatives are traded, are classified as which of the following?

a)

assets backed market

b)

cash flow backed markets

c)

mortgage backed markets

d)

derivative securities markets

15.

Which of the following contracts involves future exchange of assets at a specified price on a specified date?

a)

future contract

b)

forward contract

c)

Present contract

d)

Spot contract

16.

A person who agrees to buy an asset at a future date has gone

a)

long

b)

short

c)

back

d)

ahead

17.

To say that the forward market lacks liquidity means that

a)

forward contracts usually result in losses

b)

forward contracts cannot be turned into cash

c)

it may be difficult to make the transaction

d)

forward contracts cannot be sold for cash

18.

By selling short a futures contract of ₹100,000 at a price of 115 you are agreeing to deliver

a)

₹100,000 face value securities for ₹115,000

b)

₹115,000 face value securities for ₹110,000

c)

₹100,000 face value securities for ₹100,000

d)

₹115,000 face value securities for ₹115,000.

19.

The seller of an option is ___ to buy or sell the underlying asset while the purchaser of an option has the ___ to buy or sell the asset

a)

obligated; right

b)

right; obligation

c)

obligated; obligation

d)

right; right

20.

If you buy a call option on treasury futures at 110, and at expiration the market price is 115,

a)

the call will be exercised

b)

the put will be exercised

c)

the call will not be exercised

d)

the put will not be exercised