Quick and Easy Guides

MFD - Level 2 Certification
Accounting
Q1.
The liabilities of the scheme are as follows, Unit capital: 10 crores of Rs. 5 each, reserves: 20 crores, current liabilities: 5 crores. Find out the unit holder’s funds in the scheme.
Q2.
The liabilities of the scheme are as follows, Unit capital: 10 crores of Rs. 5 each, reserves: 20 crores, current liabilities: 5 crores. Find out the NAV of the scheme.
Q3.
The assets of the scheme are as follows, Investments (at market value): 65 crores, cash & bank: 5 crores, current assets: 5 crores. If the investments were purchased at 50 crores, what will be the amount in unrealised appreciation reserve?
Q4.
The assets of the scheme are as follows, Investments (at market value): 65 crores, cash & bank: 5 crores, current assets: 5 crores. The investments were purchased at 50 crores. If the next day, investments were to appreciate from 65 crores to 70 crores, what will be the amount in the unrealised appreciation reserve?
Q5.
The liabilities of the scheme are as follows, Unit capital: 10 crores of Rs. 5 each, reserves: 20 crores, current liabilities: 5 crores. The assets of the scheme are as follows, Investments (at market value): 65 crores, cash & bank: 5 crores, current assets: 5 crores. The investments were purchased at 50 crores. If the next day, investments were to appreciate from 65 crores to 70 crores, what will be the NAV of the scheme?
Q6.
The NAV of the scheme captures the current value of investments held by the scheme on account of MTM.
Q7.
The NAV of a scheme is Rs.7.The unrealised capital appreciation was 15 crores and unit capital is 50 crores. The portion of the NAV that can be said to represent income that is realised is:
Q8.
The NAV of a scheme is Rs.7.The unrealised capital appreciation is 0.3 per unit. Suppose an investor buys 100 new units from the scheme at Rs. 7 per unit, which of the following is incorrect?
Q9.
Presently, the schemes can issue units at a price higher than the NAV.
Q10.
The NAV of a scheme is Rs.7.The unrealised capital appreciation is 0.3 per unit. Suppose an investor offers 100 new units for repurchase at Rs. 7 per unit, what will be the effect on income equalisation reserve?
Q11.
At the end of the year, the balance in the Income equalisation reserve is shown in the net income for the period.
Q12.
Dividend income earned by a scheme should be recognised on the:
Q13.
For investments that are not quoted on the stock exchange, dividend income must be recognized on the:
Q14.
Transactions for purchase or sale of investments are recognized as of the settlement date.
Q15.
Where there is devolvement on the scheme, the ______ underwriting commission received should be reduced from the cost of investment.
Q16.
Which of the following statements is incorrect?
Q17.
Mutual fund schemes are permitted to declare a dividend out of:
Q18.
The real estate asset shall be recognized on the date of completion of the process of transfer of ownership.
Q19.
Rental income is recognised on the date it has accrued and become due.
Q20.
The gain that arises from the appreciation in the value of the real estate asset can be distributed as dividend.

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