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Mutual Fund MCQ Test

Total questions: 50

Worksheet time: 27mins

Name
Class
Date
1.

Investment returns generated (gain or loss) are shared by AMC?

a)

True

b)

False

2.

What are the benefits of investing in Mutual Fund?

a)

Professional Management

b)

Convenience

c)

Tax Efficiency

d)

All of the above

3.

There are how many Sub categories for Debt Mutual fund?

a)

11

b)

7

c)

16

d)

18

4.

Small cap fund will invest minimum.

a)

80% assets in Large cap stocks.

b)

65% assets in Mid cap stocks

c)

80% assets in Small cap stocks.

d)

65% assets in Small cap stocks.

5.

Small cap fund will invest minimum.

a)

80% assets in Large cap stocks.

b)

65% assets in Mid cap stocks

c)

80% assets in Small cap stocks.

d)

65% assets in Small cap stocks.

6.

What is portfolio allocation for large & Mid cap funds

a)

Minimum 35% in Large cap & 35% in Small cap

b)

Minimum 35% in Mid cap & 35% in Small cap

c)

Minimum 35% in Large cap & 35% in Mid cap

7.

A sectoral fund should invest minimum how much % of its portfolio in particular sector.

a)

60%

b)

80%

c)

75%

d)

70%

8.

A sectoral fund is a ...?

a)

Low risk fund

b)

Moderate risk fund

c)

High risk fund

d)

Low-to-moderate risk fund

9.

Under Dynamic Asset allocation fund-

a)

0-100% can be invested in Debt

b)

0-100% can be invested in Equity

c)

0-100% can be invested in Equity or Debt.

10.

In which hybrid fund category portfolio allocation would be - Equity - 10 to 25% and Debt - 75% to 90%

a)

Conservative Hybrid

b)

Balanced Hybrid

c)

Aggressive Hybrid

d)

Equity Savings

11.

Risk grade of Aggressive Hybrid Fund is

a)

High

b)

Low

c)

Moderately Low

d)

Moderately High

12.

Ultra Short Duration Fund should have portfolio duration of 3 months to 6 months.

a)

True

b)

False

13.

Risk grade of liquid Fund is

a)

High

b)

Low

14.

What should be the portfolio duration for Medium Duration fund?

a)

1 to 3 Years

b)

3 to 4 Years

c)

4 to 7 Years

15.

Short term capital gains from equity funds are taxed at:

a)

20.8%

b)

10.4%

c)

15.6%

d)

As per Tax slab of Investor

16.

Which of the following debt funds has highest investment tenure?

a)

Money market Fund

b)

Floater Fund

c)

Gilt Fund

d)

Corporate Bond Fund

17.

Which category of Mutual Fund invest minimum of 65% in equity across different market cap?

a)

Large Cap Funds

b)

Sectoral Funds

c)

Multi Cap Funds

d)

Small Cap Funds

18.

Long term capital gains from Debt funds are taxed at?

a)

20.8% with indexation benefit

b)

As per investor Tax slab

c)

10.4%

d)

15.6%

19.

Which of the below funds is the least risky fund?

a)

Overnight Funds

b)

Small Cap Funds

c)

Gilt Funds

d)

Large Cap Funds

20.

The goal of these funds is to produce current income in the form of interest or dividends.

a)

Income funds

b)

Growth funds

c)

Balance funds

d)

Index funds

21.

A type of mutual funds, that invest money across asset classes, including a mix of low- to medium-risk stocks, bonds, and other securities.

a)

Balanced funds

b)

Money market fund

c)

Income funds

d)

Growth funds

22.

A type of mutual fund that includes companies primed for revenue or earnings growth at a pace that is faster than that of either industry peers or the market overall.

a)

Growth funds

b)

Income fund

c)

balance fund

d)

Index funds

23.

IDENTIFY the type of fund that holds unlimited shares in it.

a)

Closed-End Fund

b)

No Load Fund

c)

Load Funds ("A" Fund)

d)

Open-End Fund

24.

IDENTIFY the type of fund that is commission free.

a)

Closed-End Fund

b)

No Load Fund

c)

Load Funds ("A" Fund)

d)

Open-End Fund

25.

IDENTIFY the type of fund that requires a commission for each share bought in the fund.

a)

Closed-End Fund

b)

No Load Fund

c)

Load Funds ("A" Fund)

d)

Open-End Fund

26.

Manakah pernyataan berikut ini yang salah mengenai produk BNP Paribas Cakra Syariah USD?

a)

Memiliki target alokasi pada negara berkembang

b)

Menggunakan tolok ukur Dow Jones Islamic Market World Index (DJIM)

c)

Menerapkan filter Sustainable Responsible Investment (SRI)

27.

Apakah tolok ukur yang digunakan pada produk BNP Paribas Prima II?

a)

100% BI 7-Day RR Rate (net)

b)

100% Bloomberg Indonesia Local Sovereign Index (net)

c)

90% Bloomberg Indonesia Local Sovereign Index (net) + 10% BI 7-Day RR Rate (net)

28.

What type of mutual fund would be most appropriate for a person who wants an international mutual fund without the risks associated with stocks?

a)

Balanced Fund

b)

Growth Fund

c)

Global Stock Fund

d)

Global Bond Fund

29.

What type of mutual fund would be most appropriate for an investor who is interested in investing in health care stocks?

a)

Balanced Fund

b)

Industry Fund

c)

Global Stock Fund

d)

Regional Stock Fund

30.

What type of mutual fund would be most appropriate for a retired person who desires investment earnings to provide for current living expenses?

a)

Balanced Fund

b)

Growth Fund

c)

Income Fund

d)

Industry Fund

31.

What type of mutual fund would be most appropriate for a person who wants to invest in a blend of stocks and bonds?

a)

Balanced Fund

b)

Growth Fund

c)

Income Fund

d)

Municipal Bond Fund

32.

A mutual fund distributor is paid commission for

a)

First 5 years of Investment done by investor

b)

First 10 years of investment done by investor

c)

As long as investor held the investment

33.

A sectoral fund should invest minimum how much % of its portfolio in particular sector.

a)

60%

b)

80%

c)

75%

d)

70%

34.

A sectoral fund is a ...?

a)

Low risk fund

b)

Moderate risk fund

c)

High risk fund

d)

Low-to-moderate risk fund

35.

A sectoral fund is a ...?

a)

Low risk fund

b)

Moderate risk fund

c)

High risk fund

d)

Low-to-moderate risk fund

36.

Which category of Mutual Fund invest minimum of 65% in equity across different market cap?

a)

Large Cap Funds

b)

Sectoral Funds

c)

Multi Cap Funds

d)

Small Cap Funds

37.

What type of mutual fund would be most appropriate for a person who wants an international mutual fund without the risks associated with stocks?

a)

Balanced Fund

b)

Growth Fund

c)

Global Stock Fund

d)

Global Bond Fund

38.

What type of mutual fund would be most appropriate for an investor who is interested in investing in health care stocks?

a)

Balanced Fund

b)

Industry Fund

c)

Global Stock Fund

d)

Regional Stock Fund

39.

What type of mutual fund would be most appropriate for a person who is interested in long-term growth for future financial security?

a)

Balanced Fund

b)

Global Stock Fund

c)

Growth Fund

d)

Income Fund

40.

What type of mutual fund would be most appropriate for a retired person who desires investment earnings to provide for current living expenses?

a)

Balanced Fund

b)

Growth Fund

c)

Income Fund

d)

Industry Fund

41.

A mutual fund distributor is paid commission for

a)

First 5 years of Investment done by investor

b)

First 10 years of investment done by investor

c)

As long as investor held the investment

42.

A sectoral fund should invest minimum how much % of its portfolio in particular sector.

a)

60%

b)

80%

c)

75%

d)

70%

43.

A sectoral fund is a ...?

a)

Low risk fund

b)

Moderate risk fund

c)

High risk fund

d)

Low-to-moderate risk fund

44.

What type of mutual fund would be most appropriate for a person who wants to invest in a blend of stocks and bonds?

a)

Balanced Fund

b)

Growth Fund

c)

Income Fund

d)

Municipal Bond Fund

45.

A Mutual Fund may transfer investment from one scheme to another.

a)

not at all

b)

at current market rates

c)

at cost price

d)

at a fixed premium over market rate

46.

What is Mutual fund?

a)

An investment in which investors pool their money to buy stock.

b)

An investment that you put in your checking account

c)

Investment that you put in your swimming pool.

d)

Investment that you put in the ground.

47.

What is the disadvatage of Mutual Funds

a)

Liquidity

b)

Delay in redemption

c)

Portfolio diversification

d)

Transparency

48.

ELSS ( Equity Linked Saving Scheme ) has a lock-in period of?

a)

2years

b)

5years

c)

1year

d)

3years

49.

Which category of Mutual Fund invest minimum of 65% in equity across different market cap?

a)

Large Cap Funds

b)

Sectoral Funds

c)

Multi Cap Funds

d)

Small Cap Funds

50.

Under Dynamic Asset allocation fund-

a)

0-100% can be invested in Debt

b)

0-100% can be invested in Equity

c)

0-100% can be invested in Equity or Debt.