Preparing for the ICSI Certificate Course on Fund Management in IFSC?
Test your preparation with our Free IFSC FME Mock Test, designed for candidates preparing for the ICSI Certificate Course relating to Fund Management in IFSC.
The mock test helps you assess your understanding of the IFSCA (Fund Management) Regulations, 2025 and identify areas that may require further revision before the assessment.
What does the IFSC FME Mock Test offer?
The test provides a structured exam-style practice experience with:
- 100 multiple-choice questions
- 90-minute test duration
- Instant results
- Performance analysis
- Detailed answer explanations
- Comprehensive coverage of key FME concepts
- Completely free access
The questions are designed to test both your regulatory knowledge and your ability to apply important concepts relating to the fund management framework in GIFT IFSC.
Who should take this mock test?
This mock test is particularly useful for candidates preparing for the ICSI Certificate Course on Fund Management in IFSC, as well as Company Secretaries and other professionals seeking to strengthen their understanding of the IFSC fund management regulatory framework.
Whether you are preparing for the assessment or simply testing your regulatory knowledge, the mock test can help you understand where your preparation currently stands.
Test your preparation
Knowing the regulations is one thing. Answering regulatory questions within a limited time requires a different level of preparation.
Take the IFSC FME Mock Test, assess your performance and identify the areas where you need to focus before appearing for the assessment.
100 MCQs. 90 Minutes. Instant Results.
Take the mock test and find out how exam-ready you are.
IFSC FME
Mock Test
Master the IFSCA Fund Management Framework: AIFs, Retail Schemes & the FME Regulations
- 100 MCQs
- 90 Minutes
- −0.25 per Wrong Answer
- Instant Results
- Detailed Analysis
- Comprehensive Course Coverage
Syllabus Coverage
Domain 1: Alternative Investment Funds – Concepts, Structures & Framework
- AIF Concepts & Fund Fundamentals
- Fund Structures & Vehicles
- Fund Classifications & Categories
- Investment Strategies
- Fund Participants & Roles
- Fund Economics (Fees, Carry, Waterfall)
- Governance of AIFs
- Risk Management in AIFs
- Valuation of AIF Assets
- Investor Protection
- Taxation Concepts for AIFs
- Global Concepts & Best Practices
Domain 2: Retail Schemes – Concepts, Structures & Framework
- Retail Fund Concepts
- Retail Fund Structures
- Types & Classification of Retail Schemes
- Fund Operations
- Investment Principles & Diversification
- Governance of Retail Schemes
- Valuation & NAV
- Risk Management in Retail Schemes
- Investor Protection in Retail Schemes
- Taxation Concepts for Retail Schemes
- Global Concepts & Best Practices
Domain 3: Regulatory Framework for Fund Management in IFSC
- IFSCA FM Regulations – Framework & Definitions
- Categories of FMEs & Registration
- Eligibility, Net Worth & Legal Form
- KMPs, Principal Officer & Compliance Officer
- Board, Governance & Fit and Proper
- Venture Capital Schemes
- Restricted Schemes (Non-Retail)
- Retail Schemes under IFSCA Regulations
- Special Situation Funds
- ETFs, Fund of Funds & Other Schemes
- Corpus, Minimum Investment & Investor Eligibility
- Accredited Investors
- Investment Restrictions & Diversification
- Placement Memoranda & Offer Documents
- Scheme Filing, Launch & Listing
- Disclosures, Valuation & NAV
- Custody & Fund Administration
- Portfolio Management Services
- Investment Trusts (REITs / InvITs)
- Family Investment Funds
- Third-Party Fund Management
- Risk Management & Compliance Obligations
- Regulatory Reporting
- Related-Party Transactions & Conflicts of Interest
- Stewardship
- Scheme Winding-Up
- Inspection & Enforcement
- Applicable Circulars & Amendments
Examination Instructions
Read carefully before you begin.
- Each question has four options. Select one option and press Save & Next to record your answer.
- Use Previous and the Question Navigator to move to any question at any time.
- Mark for Review flags a question so you can revisit it. Answers saved on marked questions are still counted.
- Clear Response removes your saved answer for the current question.
- The countdown timer is controlled by the server. Refreshing or closing the page does not pause or extend it.
- When time expires, your test is submitted automatically with all saved answers.
- Negative marking applies: 0.25 mark is deducted for every incorrect answer; unattempted questions carry no penalty. Guess wisely.
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Detailed Analysis
Topic-wise Performance
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Answer Review
Disclaimer: This mock test is an independent educational initiative and is not conducted, endorsed or administered by ICSI or IFSCA.
