Which type of mutual fund typically offers the option of systematic investment plans (SIPs)? Option: "Open-ended funds", "Both open-ended and closed-ended funds", "Closed-ended funds", "Neither open-ended nor closed-ended funds"

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Which type of mutual fund typically offers the option of systematic investment plans (SIPs)?

"Open-ended funds"

"Both open-ended and closed-ended funds"

"Closed-ended funds"

"Neither open-ended nor closed-ended funds"

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What is the most prevalent type of mutual fund among investors?

Closed-Ended Funds

Open-Ended Funds

Interval Funds

Exchange-Traded Funds

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What is a major difference between Mutual Funds and SIPs?

"Mutual Funds involve lump-sum investments, while SIPs use recurring smaller amounts"

"Mutual Funds are managed by professionals, while SIPs are self-managed"

"Mutual Funds focus on bonds, while SIPs focus on stocks"

"Mutual Funds are high risk, while SIPs are low risk"

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What does the term 'open-ended' mean in the context of mutual funds?

The fund is open to investments from a limited number of investors.

The fund has a fixed investment period.

Investors can buy and sell units of the fund at any time.

The fund's portfolio is transparent and accessible to all investors.

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What characteristic defines open-ended mutual funds in terms of the number of units they can issue?

"Units are issued based on market demand"

"No limit on the number of units"

"Limited to a fixed number of units"

"Units are issued only during the NFO period"

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What distinguishes closed-ended funds from open-ended funds in terms of unit trading?

"Closed-ended funds allow for unrestricted trading of units."

"Closed-ended funds allow unit trading only on specific days of the week."

"Closed-ended funds and open-ended funds have identical unit trading rules."

"Closed-ended funds restrict unit trading after the NFO period."