The first mutual fund in India was established by:

• LIC

• SEBI

• UTI

• RBI

Which of the following best describes a mutual fund?

• A company that gives loans

• A financial intermediary that invests pooled money

• A bank that collects deposits

• A company that issues insurance policies

The price of a mutual fund unit is determined by:

• Market Price

• Demand and Supply

• Net Asset Value (NAV)

• Dividend Declaration

In an open-ended mutual fund, investors can:

• Buy units only during the NFO

• Sell units only at maturity

• Buy or sell units at any time

• Cannot redeem units

Which of the following mutual fund types is most suitable for investors seeking tax benefits under Section 80C?

• Money Market Funds

• Sector Funds

• ELSS (Equity Linked Saving Scheme)

• Index Funds

Fund units differ from shares in that:

• Units represent ownership in a company

• Units have voting rights

• Units are based on NAV, not market price

• Units are traded only on stock exchanges

Which entity is responsible for managing the investments in a mutual fund?

• Custodian

• Trustee

• Asset Management Company (AMC)

• Registrar

A fund that invests only in fixed income securities like bonds and debentures is called a:

• Equity Fund

• Debt Fund

• Hybrid Fund

• Sector Fund

Which of the following is NOT a function of a mutual fund custodian?

• Safekeeping of securities

• Managing investments

• Settling trade transactions

• Maintaining fund records

What does the NAV of a mutual fund represent?

• Total investment of investors

• Market price of shares

• Value per unit of the fund's assets minus liabilities

• Total profits of the fund