1. As a structured approach to decision making, following four decisions have to taken in a sequence. Which is the last decision?

2. Passive funds charge low expense ratio because there are no research or fund management expenses. Correct or incorrect?

3. When units of a close ended mutual fund scheme are sold on a stock exchange, the price at which it will be sold will be equal to its NAV. True or False?

4. Which of the following carries the lowest risk?

5. Which portfolio is used to take advantage of short term opportunities in the market?

6. Which type of funds have a higher risk of giving poor returns because of fund manager's poor strategy?

7. Which type of schemes are subject to the risk of large fluctuation in net assets on account of heavy repurchase?

8. Diversified large-cap funds are suitable for satellite portfolio and sector funds are suitable for core portfolio. True or False?

9. Which funds invest in stocks that are relatively cheap but suitable when investment horizon is long?

10. Which of the following is not a reason to invest money in International Equity Funds?

11. A conservative investor wants to invest in equity for the first time. His objective is to have some equity schemes to counter balance the effect of inflation. Which type of funds would you suggest?

12. Which funds perform better during a downturn in the economy?

13. A person does not want a regular income, falls in low tax slab and has a long investment horizon. Which scheme option should he choose?

14. Which factor should a person check while investing in a non-gilt debt scheme?

15. What is the portfolio turnover ratio if value of securities purchased is Rs. 8,000 Crore, value of securities sold is Rs. 4,000 Crore and the size of net assets is Rs. 10,000 Crore ?

16. For a large cap fund, small fund size is better because it will be able to take advantage of market opportunities in a better manner. True or False?

17. Open-ended schemes give the fund manager freedom to invest in stocks that will take some time to give returns or which are relatively illiquid but have good prospects. True or False?

18. Passive funds charge higher expense ratio because the fund manager aims at beating the benchmark. True or False?

19. A conservative investor wants to create a satellite portfolio to take advantage of short term opportunities. How would you divide his portfolio?

20. What is the use of core portfolio?

21. What is the maximum exit load that can be levied by a mutual fund scheme?

22. If an Indian investor has invested in an International Equity Fund of America, what will be the impact of strengthening of dollar?

23. ______________ invest in debt securities whose tenor is 1 to 3 years.

24. Which scheme closely tracks the price of gold?

25. If value of purchase and sale of securities is Rs. 6,000 and average size of net assets is Rs. 3,000, what is the average holding period of securities?

26. Which funds invest in those stocks that are expected to grow higher than the market?

27. What is the portfolio turnover ratio if value of securities purchased is Rs.10,000 Crore, value of securities sold is Rs. 7,000 Crore and the average size of net assets is Rs. 10,000 Crore?

28. Which of these is a passive fund?

29. Close ended funds offer higher liquidity than open ended funds because they are traded on stock exchange. Correct or incorrect?

30. An investor asks you to recommend him a scheme. He has money that he can invest for 3 years. He is looking to invest in debt but would like higher returns and would like something of an alternate to fixed deposit. Which type of scheme would you suggest?

31. When it comes to debt, longer the duration, more stable the returns. Correct or incorrect?

32. To assess the performance of a liquid fund, which duration is more relevant?

33. As a structured approach to decision making, following four decisions have to taken in a sequence. Which is the first decision?

34. Which of the following carries the highest risk?

35. Generally Five star rating/ AAA rating of a fund indicates

36. The elementry feature of Sector Fund is that it invests in different Stocks of various sectors.

37. Which of the following is a salient feature of FMP?

38. An Investor who is looking for long term exposure to gold should invest in -

39. The value of investment ------------------------ in mutual funds.