Deck 4: Mutual Funds and Investment Funds

Question 1

______ is a tax that is imposed by the government on companies based on dividend paid to a company's investors.

A)dividend distribution tax
B)return on investment tax
C)goods and services tax
D)corporate tax

Answer 1

dividend distribution tax

Question 2

All dividends in Equity & Equity Oriented Funds will be taxed at _____ from 2018.

A)5%
B)10%
C)exempt up to 10%
D)not taxable at all

Answer 2

10%

Question 3

Sponsor must hold at least _______% of the AMCs networth.

A)30 %
B)40 %
C)50 %
D)60 %

Answer 3

40 %

Question 4

AMCs net worth has to be at least __________

A)5 Crore
B)7 Crore
C)10 Crore
D)12 Crore

Question 5

At least _____ % of the AMC directors Should be independent .

A)30
B)40
C)50
D)60

Question 6

The AMC and the Trustees enter into an _____ Agreement.

A)Investment Management
B)Memorandum of Association
C)Legal
D)None of the above

Question 7

If ______ of unit holders approve , The service of the AMC can be terminated.

A)50%
B)75%
C)60%
D)40%

Question 8

Scheme take over do not result in merger of ______.

A)Trusts
B)AMC
C)AMFI
D)All of the above

Question 9

Any grievance against the AMC can be addressed to _______

A)AMFI
B)DCA
C)Trustees
D)AMF

Question 10

The UTI is governed by _________.

A)UTI Act
B)Company Act
C)Partnership Act
D)HUF Act

Question 11

Listed mutual funds have to abide by __________ of the stock exchanges.

A)Listing Regulations
B)Legal
C)Internal
D)None of the above

Question 12

The offer document of an open ended fund is valid for ______ years.

A)1
B)2
C)3
D)2.5

Question 13

If equity markets move up, P/E tatio will move ________.

A)Up
B)Down
C)No change
D)None of the above

Question 14

If equity markets move down, dividend yield will move ________.

A)Up
B)Down
C)Sable
D)None of the above