BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Open-end funds
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Unit Investment Trusts
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Exchange traded Funds
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All of the Above
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Detailed explanation-1: -Primary structures of mutual funds are open-end funds, closed-end funds, unit investment trusts.
Detailed explanation-2: -What types of mutual funds are there? Most mutual funds fall into one of four main categories – money market funds, bond funds, stock funds, and target date funds.
Detailed explanation-3: -The structure of mutual funds in India is a three-tier one with few other significant components. The three-tier structure comprises the fund sponsor, trustees and the asset management company. Not only different banks or AMCs create or float mutual fund schemes.
Detailed explanation-4: -Mutual funds are broadly categorised into four different kinds based on the asset class that they invest in-equity funds, fixed income funds, money market funds, and hybrid funds.
Detailed explanation-5: -The SEC is the federal agency responsible for overseeing the securities industry, including the registration and regulation of investment companies, investment advisers and broker-dealers.