CHAPTER 3: LEGAL STRUCTURE OF MUTUAL FUNDS IN INDIA – MCQs

What is the primary legal structure of mutual funds in India?

Who are the beneficiaries of a mutual fund trust?

Who manages the day-to-day operations of a mutual fund?

Which organization must register a mutual fund in India?

True or False: The custodian is responsible for managing the assets of the scheme.

The sponsor of a mutual fund must have a positive net worth for how many consecutive years?

Who is responsible for maintaining investor records in a mutual fund?

Which of the following is not a responsibility of the trustees?

What is the minimum net worth required for an AMC to operate?

True or False: The AMC can be terminated by a majority of the unit-holders or trustees.

What is the role of a custodian in mutual funds?

Who signs the due diligence certificate in the scheme documents?

True or False: At least two-thirds of the trustees must be independent trustees.

Which of the following is a responsibility of the Fund Management team in an AMC?

Who appoints the auditors for mutual fund schemes?