Mutual Fund Module Quiz -

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1 / 10

Q1. What is the full form of NAV in mutual funds?

A. Net Account Value

B. Net Asset Value

C. Nominal Asset Value

D. Net Average Value

2 / 10

Q2. Which document contains key information about a mutual fund scheme for investors?

A. Fund Offer Letter

B. Key Fact Statement

C. Scheme Information Document (SID)

D. Offer of Scheme

3 / 10

Q3. Open-ended mutual funds can be purchased:

A. Only at the time of NFO

B. Only on stock exchanges

C. Anytime at prevailing NAV

D. Only at year-end

4 / 10

Q4. What is the role of an Asset Management Company (AMC)?

A. Distributes mutual funds

B. Regulates stock exchanges

C. Manages investments of mutual fund schemes

D. Protects investors from fraud

5 / 10

Q5. In mutual fund taxation, equity-oriented funds held for more than 12 months attract:

A. Short-Term Capital Gains

B. Long-Term Capital Gains @10% above ₹1 lakh

C. No tax at all

D. Flat 30% tax

6 / 10

Q6. Who regulates mutual funds in India?

A. RBI

B. Ministry of Finance

C. SEBI

D. IRDAI

7 / 10

Q7. A Systematic Investment Plan (SIP) helps in:

A. Investing a lump sum

B. Averaging cost of investment

C. Avoiding mutual fund investments

D. Getting fixed returns

8 / 10

Q8. A debt mutual fund mainly invests in:

A. Equity shares

B. Derivatives

C. Government and corporate bonds

D. Real estate

9 / 10

Q9. What is an Expense Ratio?

A. Profit earned by the AMC

B. Ratio of dividend to NAV

C. Annual expenses charged by AMC to manage fund

D. Entry load of mutual fund

10 / 10

Q10. Mutual fund distributors must comply with:

A. RBI rules

B. IRDA guidelines

C. SEBI (Mutual Fund) Regulations, 1996

D. Income Tax Act, 1961

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