What is the primary function of Mutual Funds?
To pool funds from investors and invest in various assets
To provide short-term loans to businesses
To facilitate currency exchange
To insure against market risks
Qn. 1 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
Which regulatory body oversees Mutual Funds in India?
Reserve Bank of India (RBI)
Securities and Exchange Board of India (SEBI)
Insurance Regulatory and Development Authority of India (IRDAI)
Pension Fund Regulatory and Development Authority (PFRDA)
Qn. 2 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
What are the two main types of returns offered by Mutual Funds?
Interest and dividends
Capital gains and dividends
Rental income and royalties
Commissions and fees
Qn. 3 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
How are capital gains on Mutual Funds determined?
By subtracting the selling price from the purchase price
By adding the dividends received to the purchase price
By subtracting the purchase price from the selling price
By calculating the average market price over the holding period
Qn. 4 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
What is the classification of listed equity funds held for less than 12 months?
Long-term capital assets
Short-term capital assets
Fixed assets
Intangible assets
Qn. 5 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
What is the minimum holding period for unlisted equity funds to be considered long-term capital assets?
12 months
24 months
36 months
48 months
Qn. 6 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
What is the primary objective of the lower tax rate on long-term capital gains on Mutual Funds?
To encourage short-term trading
To incentivize long-term investments
To generate higher tax revenue
To simplify the tax structure
Qn. 7 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
What is the cut-off date for considering the transfer date of an asset to determine its short-term or long-term capital asset status?
1st January 2014
10th July 2014
1st April 2015
31st December 2015
Qn. 8 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
How is the Indexed Cost of Acquisition calculated?
By applying the Consumer Price Index (CPI)
By applying the Wholesale Price Index (WPI)
By applying the Cost Inflation Index (CII)
By applying the Producer Price Index (PPI)
Qn. 9 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓
What is the impact of applying the Cost Inflation Index (CII) on capital gains?
It increases capital gains
It reduces capital gains
It has no impact on capital gains
It stabilizes capital gains
Qn. 10 / 10
Att - 0 / 10
Submit All
Powered by Apliro
↓