Test Your Knowledge About Funds Administration! Trivia Quiz
6 Questions
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This is a brief quiz to test your understanding of our Funds Administration Overview lesson. In any scheme, it is important to have an underlined way in which funds can be transferred in and out and properly track its movements. Take the quiz and see if you might need to research more on the topic. All the best!
Questions and Answers
- 1.Funds Administration is the name given to the set of services provided in support of the running of a fund.
- A.
True
- B.
False
- 2.The fund manager outsources fund administration services to:
- A.
Government agencies
- B.
3rd party service providers
- C.
Other fund managers
- 3.The Funds Administration Industry refers to the group of companies providing these support services.
- A.
True
- B.
False
- 4.Which service does the Fund Manager not outsource to the Fund Administrator?
- A.
Payment of the funds expenses
- B.
Portfolio management and investment decision making
- C.
Reconciliation of daily and monthly broker statements
- 5.The fund administrator can also provide shareholder services including the processing of subscriptions and redemptions to the fund
- A.
True
- B.
False
- 6.Fund administration falls into which category?
- A.
Front Office
- B.
Middle Office
- C.
Back Office
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