Free Sample Question
Q1MCQMediumAMFI – Self-Regulatory Organization
What is the primary purpose of the AMFI Code of Conduct for Intermediaries?
ATo provide guidelines for the valuation of mutual fund assets.
BTo ensure uniform pricing of mutual fund schemes across all distributors.
✓To establish standards of ethical conduct and fair practices for mutual fund distributors.
DTo regulate the investment strategies adopted by Asset Management Companies.
💡 The primary purpose of the AMFI Code of Conduct for Intermediaries is to establish standards of ethical conduct, fair practices, and professionalism for mutual fund distributors and other intermediaries. It aims to protect investor interests and enhance the reputation of the mutual fund industry by ensuring intermediaries act with integrity and competence.
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About this content: These practice questions are based on the
NISM-Series-VD: Mutual Fund - Specialised Investment Fund Distributors Certification Examination Workbook
published by the National Institute of Securities Markets (NISM), Mumbai (March 2026 edition).
NISM is a SEBI-established institution. Questions cover Chapter 4: Legal and Regulatory Framework with verified answers and explanations.
BullWiser is an independent exam preparation platform — not affiliated with NISM, SEBI or AMFI.
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