Which of the following is the party NOT involved in pay order?

• A) Payee
• B) Buyer
• C) Drawee branch
• D) Issuing bank

Which of the following is the type of mutual fund that invests its assets only in the most liquid money instruments?

• A) Income & Growth funds
• B) Money market funds
• C) Growth & Income funds
• D) Income funds

The alternate name used for Saving account is:

• A) Current account
• B) Profit and Loss (PLS) account
• C) Forex account
• D) Demand account

Which of the following institution has been charged with the supervision of non banking financial institutions?

• A) Chamber of commerce
• B) State Bank
• C) Ministry of finance
• D) Securities & exchange commission

ICP is controlled under which of the following sector?

• A) Semi government
• B) Government
• C) Public
• D) Private

What is the paid up capital requirement of microfinance at district level?

• A) Rs. 100 million
• B) Rs. 700 million
• C) Rs. 500 million
• D) Rs. 250 million

Which of the following statement is NOT true about money market securities?

• A) All of the given options
• B) Generally have very high risk associated with them
• C) They pay a fixed income
• D) They are short term securities

Which of the following are the banks that specialize in helping companies raise capital by selling securities?

• A) Credit unions
• B) Savings banks
• C) None of the given options
• D) Investment banks

Which of the following division is included in the middle level of management?

• A) Investment management
• B) Research
• C) Operations
• D) Risk management

In the formula of determining the cost of mutual fund, we divide current value of fund's total assets – liabilities & expenses with which of the following?

• A) No. of shares outstanding
• B) Expenses of fund
• C) Liabilities
• D) Principle amount

Management fees and other expenses of mutual funds can include which of the following?

• A) Front-end loads
• B) Back-end loads
• C) Bank custodian fees
• D) All of the given options

The fund which is related to the performance of stock market is known as:

• A) Index fund
• B) Growth fund
• C) Specialized fund
• D) Income fund

The process of transfer of investment from one fund to another fund within its family in open ended mutual funds is called as ____________.

• A) Switching
• B) Shifting
• C) Redemption
• D) Gearing

Commodity funds come under ___________.

• A) High level risk funds
• B) Low level risk funds
• C) None of the given options
• D) Moderate level risk funds

Which of the following constitute the customary fees charged by mutual fund companies?

• A) All of the given options
• B) Transfer agent fees
• C) Investment Advisory fees
• D) Director’s fees and expenses

A risk averse person should invest in which of the following?

• A) T-Bills and government securities
• B) Shares
• C) Debentures
• D) Bonds

How much companies should be selected to develop an optimal portfolio in case of mutual fund?

• A) 2 -3
• B) 1 – 2
• C) 8 – 10
• D) 0 -1

The redemption fee in case of mutual funds is ________ of the redeemed amount.

• A) 1 percent
• B) 2.5 percent
• C) 0.25 percent
• D) 0.05 percent

Mr. A is risk averse person when going for making investment decisions. Usually, he is likely to receive __________ on his investment.

• A) Full returns
• B) No returns
• C) High returns
• D) Low returns

For short term investment which of the following is NOT advisable?

• A) Specialized fund
• B) Equity fund
• C) Income fund
• D) Money market fund