Mutual Funds Awareness Quiz PDF

Mutual Funds Awareness Quiz While you are waiting for the meeting to get started, let's have some questions to challenge your thinking. Score yourself based on the number of correct answers provided at the bottom of the page! 1. What is the biggest advantage of investing in mutual funds compared...

Mutual Funds Awareness Quiz While you are waiting for the meeting to get started, let's have some questions to challenge your thinking. Score yourself based on the number of correct answers provided at the bottom of the page! 1. What is the biggest advantage of investing in mutual funds compared to traditional investments like fixed deposits? [] a) Higher returns over the long term [] b) Guaranteed safety of principal amount [] c) Fixed annual income [] d) No professional management required 2. According to data, how much return have equity mutual funds in India provided over the last 10 years on average? [] a) 5-7% annually [] b) 8-10% annually [] c) 12-15% annually [] d) 20-25% annually 3. Why is diversification important in investment, and how does mutual funds help? [] a) It minimizes risks by spreading investments across multiple assets [] b) It guarantees high returns [] c) It is a way to save tax [] d) It requires no financial planning 4. In India, which type of mutual fund offers tax benefits under Section 80C of the Income Tax Act? [] a) Equity-Linked Savings Scheme (ELSS) [] b) Debt Fund [] c) Liquid Fund Page 1  Mutual Funds Awareness Quiz [] d) Gilt Fund 5. What role does a financial advisor play in mutual fund investment? [] a) They help you choose the right fund based on your goals [] b) They ensure your portfolio stays on track with market conditions [] c) They provide guidance for tax-saving investments [] d) All of the above Page 2  Mutual Funds Awareness Quiz Answers 1. a) Higher returns over the long term 2. c) 12-15% annually 3. a) It minimizes risks by spreading investments across multiple assets 4. a) Equity-Linked Savings Scheme (ELSS) 5. d) All of the above Page 3