Mutual Fund Schemes Quiz!

Reviewed by Editorial Team
The ProProfs editorial team is comprised of experienced subject matter experts. They've collectively created over 10,000 quizzes and lessons, serving over 100 million users. Our team includes in-house content moderators and subject matter experts, as well as a global network of rigorously trained contributors. All adhere to our comprehensive editorial guidelines, ensuring the delivery of high-quality content.
Learn about Our Editorial Process
| By Hipercy25
H
Hipercy25
Community Contributor
Quizzes Created: 1 | Total Attempts: 329
| Attempts: 329
Quiz Flashcard
SettingsSettings
Please wait...
  • 1/10 Questions

    Mutual funds are having different schemes:

    • Open ended funds
    • Closed ended funds
    • Interval funds
    • All of the above
Please wait...
About This Quiz

Welcome to the Trivia Quiz on Shares and Mutual Funds! In the world today people are making investments in many ways with the hope of increasing the amount they have. Buying shares and investing in mutual funds ensures that a person gets returns on a regular basis. Take up the quiz and show us what you know about these two types of investments.

Mutual Fund Schemes Quiz! - Quiz

Quiz Preview

  • 2. 

    ELSS is a tax savings scheme.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    ELSS stands for Equity Linked Savings Scheme, which is a type of mutual fund that offers tax benefits under Section 80C of the Income Tax Act in India. Investors can claim deductions on their taxable income by investing in ELSS. Therefore, the statement "ELSS is a tax savings scheme" is true as it accurately describes the purpose and benefits of investing in ELSS.

    Rate this question:

  • 3. 

    Debt fund is consisted of?

    • Gilt fund

    • Short term bond

    • Long term bond

    • All the above

    Correct Answer
    A. All the above
    Explanation
    A debt fund is a type of mutual fund that invests in fixed income securities such as gilt funds, short-term bonds, and long-term bonds. Gilt funds are government securities with no default risk, while short-term and long-term bonds refer to the maturity period of the bonds held in the fund. Therefore, the correct answer is "All the above" as a debt fund can consist of all these types of investments.

    Rate this question:

  • 4. 

    Which of the following funds come under open-ended ?

    • Debt fund

    • Liquid fund

    • Equity Fund

    • All the above

    Correct Answer
    A. All the above
    Explanation
    All the funds mentioned in the options, namely debt fund, liquid fund, and equity fund, come under the category of open-ended funds. Open-ended funds are those in which investors can buy or sell units on any business day at the current net asset value (NAV). This means that there is no fixed maturity period for these funds, and investors have the flexibility to enter or exit the fund as per their convenience. Therefore, the correct answer is "All the above."

    Rate this question:

  • 5. 

    Which of the following is not the part of the Equity fund?

    • Sector fund

    • Thematic fund

    • Index fund

    • Gilt fund

    Correct Answer
    A. Gilt fund
    Explanation
    Gilt funds are not part of the Equity fund because they invest primarily in government securities, specifically in the form of treasury bills and government bonds. On the other hand, Equity funds invest in stocks of companies, providing investors with ownership in those companies. Sector funds, thematic funds, and index funds are all types of Equity funds as they focus on specific sectors, themes, or track a specific index respectively.

    Rate this question:

  • 6. 

    Which fund comes under closed-ended fund?

    • Fixed maturity

    • Thematic fund

    • Sector fund

    • Gilt fund

    Correct Answer
    A. Fixed maturity
    Explanation
    Closed-ended funds are investment funds that have a fixed number of shares or units available for purchase. Once the initial offering is complete, new investors cannot buy into the fund, and existing investors can only sell their shares on the secondary market. Fixed maturity funds are a type of closed-ended fund that have a specific maturity date, at which point the fund will be liquidated and the proceeds distributed to investors. Therefore, fixed maturity funds come under closed-ended funds. Thematic funds, sector funds, and gilt funds are not necessarily closed-ended funds.

    Rate this question:

  • 7. 

    A hybrid fund is the part of which fund?

    • Balance fund

    • Money market fund

    • Cant be said

    • All of the above

    Correct Answer
    A. Balance fund
    Explanation
    A hybrid fund is a type of fund that combines both equity and debt investments. It aims to provide a balance between growth and stability by investing in a mix of stocks and bonds. Therefore, the correct answer is "Balance fund" as it accurately describes the nature of a hybrid fund.

    Rate this question:

  • 8. 

    New fund offer comes under:

    • Closed ended funds

    • Open ended funds

    • Both

    • None of the above

    Correct Answer
    A. Both
    Explanation
    New fund offers (NFOs) can come under both closed-ended funds and open-ended funds.

    Closed-ended funds have a fixed maturity period and a fixed number of units. NFOs in closed-ended funds are launched when the fund is open for subscription for a limited period. Once the subscription period is over, the fund is closed for new investments.

    Open-ended funds, on the other hand, do not have a fixed maturity period and allow investors to buy or sell units at any time. NFOs in open-ended funds are launched to attract new investors and increase the fund's size.

    Therefore, the correct answer is "Both" as NFOs can be launched for both closed-ended and open-ended funds.

    Rate this question:

  • 9. 

    The combination of the open-ended and closed-ended funds is called?

    • Interval fund

    • Sector fund

    • Thematic fund

    • None of the above

    Correct Answer
    A. Interval fund
    Explanation
    An interval fund is a type of investment fund that combines the features of open-ended and closed-ended funds. It allows investors to buy and sell shares at predetermined intervals, typically quarterly. This structure provides investors with the flexibility of open-ended funds while also offering some of the advantages of closed-ended funds, such as the ability to invest in illiquid assets. Therefore, the combination of open-ended and closed-ended funds is referred to as an interval fund.

    Rate this question:

  • 10. 

    Mid-cap, small-cap, and tax savings funds come under?

    • Equity fund

    • Debt fund

    • Both 

    • None of the above

    Correct Answer
    A. Equity fund
    Explanation
    Mid-cap, small-cap, and tax savings funds are all types of mutual funds that primarily invest in equity or stocks of companies. Therefore, they come under the category of equity funds. These funds aim to generate higher returns by investing in the stock market, but they also come with higher risk compared to debt funds.

    Rate this question:

Quiz Review Timeline (Updated): Mar 22, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Jul 08, 2020
    Quiz Created by
    Hipercy25
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.