6/10/2021 Weekly Test 03 : 17.05.

2021: Attempt review

Dashboard / My courses /
MF-2020-22 / General /
Weekly Test 03 : 17.05.2021

Started on Monday, 17 May 2021, 6:35 PM

State Finished
Completed on Monday, 17 May 2021, 6:48 PM
Time taken 13 mins 10 secs
Grade 8.0 out of 10.0 (80%)

Question 1
Correct

Mark 1.0 out of 1.0

Liquidity of shares of ___________ fund is very high because they invested are reputed, mature and

firmly established players in the market.

a. Multicap Funds

b. Large Cap Funds 

c. Mid Cap Funds

d. Small Cap Funds

Your answer is correct.

The correct answer is:

Large Cap Funds

Question 2
Correct

Mark 1.0 out of 1.0

Dematerialization is a process by which ________________

a. Investors holding of investment in physical form are converted into electronic format


b. Investors holding of investment in electronic form is converted into a physical format.

c. Mutual fund units are offered as security for the loan

d. Mutual fund units are held through the power of attorney

Your answer is correct.

The correct answer is:
Investors holding of investment in physical form are converted into electronic format

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6/10/2021 Weekly Test 03 : 17.05.2021: Attempt review

Question 3
Incorrect

Mark 0.0 out of 1.0

The maximum load that a fund can charge is determined by

a. Distribution agents based on the demand of the fund

b. AMC

c. SEBI 

d. AMFI

Your answer is incorrect.

The correct answer is:

AMFI

Question 4
Incorrect

Mark 0.0 out of 1.0

Which of the following is the situation when the units of a close-ended fund can be bought?

a. At the launch


b. At any time

c. Depends upon the fund type

d. At redemption

Your answer is incorrect.

The correct answer is:
Depends upon the fund type

Question 5
Correct

Mark 1.0 out of 1.0

Mutual fund is constituted under …………..

a. Indian Trust Act, 1882



b. Contract Act 1872

c. Partnership Act, 1932

d. Companies Act, 1956

Your answer is correct.

The correct answer is:
Indian Trust Act, 1882

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6/10/2021 Weekly Test 03 : 17.05.2021: Attempt review

Question 6
Correct

Mark 1.0 out of 1.0

A mutual fund must have an independent Board of Trustees, where at least ……….. of the directors of

the Trustee are independent directors who are not associated with the sponsor in any manner.

a. 1/3rd

b. 2/3rd


c. 3/4th

d. 1/4th

Your answer is correct.

The correct answer is:
2/3rd

Question 7
Correct

Mark 1.0 out of 1.0

A mutual fund has a beginning balance of 100 million earns interest of 10 million, receives dividends of
15 million, and has expenses of 5 million. If 10 million shares are outstanding, what is the NAV?

a. 12.50

b. 10.5

c. 12.00 

d. 11.00

Your answer is correct.

The correct answer is:
12.00

Question 8
Correct

Mark 1.0 out of 1.0

If a mutual fund NAV Is 50 and its expense ratio is 2% what are the total expenses per share?

a. 10

b. 1 

c. 2

d. 5

Your answer is correct.

The correct answer is:
1

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6/10/2021 Weekly Test 03 : 17.05.2021: Attempt review

Question 9
Correct

Mark 1.0 out of 1.0

If a scheme has 45Cr units issued and has an FV of Rs. 10 and NAV is at 11.33, unit capital(Rs.Cr) would be equal to

a. 500.85

b. 450

c. 950.85

d. 50.85


Your answer is correct.

The correct answer is:

50.85

Question 10
Correct

Mark 1.0 out of 1.0

For a scheme to be defined as an equity fund, it must have a minimum

a. 35% Indian equities

b. 65% in equities

c. 65% in Indian equities



d. 51% Indian equities

Your answer is correct.

The correct answer is:

65% in Indian equities

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