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- Question 1 of 114
1. Question
The prime objective of the SEBI Act,1992 is to protect the interests of
CorrectIncorrect - Question 2 of 114
2. Question
The Board may take measures to undertake inspection of any book, or register, or other document or record of
CorrectIncorrect - Question 3 of 114
3. Question
The Magistrate or Judge of the Designated Court shall not authorize seizure of books, registers, other documents and record, of
CorrectIncorrect - Question 4 of 114
4. Question
Any insider shall be liable to a penalty of
CorrectIncorrect - Question 5 of 114
5. Question
A person shall not be qualified for appointment as the Presiding Officer unless he is or has been
CorrectIncorrect - Question 6 of 114
6. Question
With reference to Basel III how much capital conservation buffer are bank required to maintain?
CorrectIncorrect - Question 7 of 114
7. Question
Operational risk is the risk of loss arising from various types of
CorrectIncorrect - Question 8 of 114
8. Question
All of the following are examples of systematic risk Except
CorrectIncorrect - Question 9 of 114
9. Question
A __________ would be an example of a principal, while a __________ would be an example of an agent.
CorrectIncorrect - Question 10 of 114
10. Question
The maximum load that a fund can charge is determined by the
CorrectIncorrect - Question 11 of 114
11. Question
What is venture capital?
CorrectIncorrect - Question 12 of 114
12. Question
What is a red herring?
CorrectIncorrect - Question 13 of 114
13. Question
What is a seasoned equity offering?
CorrectIncorrect - Question 14 of 114
14. Question
The difference between the underwriters’ buying price and the offering price of the securities to the public is called the
CorrectIncorrect - Question 15 of 114
15. Question
The date on which existing shareholders are designated as the recipients of stock rights is called the
CorrectIncorrect - Question 16 of 114
16. Question
All of the following are typically key roles of the investment dealer except
CorrectIncorrect - Question 17 of 114
17. Question
The main function of syndicate members is
CorrectIncorrect - Question 18 of 114
18. Question
When new shares in a public firm are to be issued, the price will normally be established
CorrectIncorrect - Question 19 of 114
19. Question
Perhaps the biggest change of all in the investment industry has been
CorrectIncorrect - Question 20 of 114
20. Question
Private placement involves selling securities directly to
CorrectIncorrect - Question 21 of 114
21. Question
SEBI has laid down some conditions for the approval of AMC and one of the fundamental conditions requires that the AMC should have minimum net worth of
CorrectIncorrect - Question 22 of 114
22. Question
In order to promote the interest of investors, SEBI requires _______ to be an independent entity in imparting its functions honestly.
CorrectIncorrect - Question 23 of 114
23. Question
The investor who desires to hold units in dematerialized form and makes investments more than _________ is applicable to be filed under Know Your Customer (KYC) norm by the AMC.
CorrectIncorrect - Question 24 of 114
24. Question
Income earned by a Mutual Fund registered with SEBI is exempt from Income-Tax as per section
CorrectIncorrect - Question 25 of 114
25. Question
Which of the following is true? Some close end funds sell at a discount to their NAV, because
CorrectIncorrect - Question 26 of 114
26. Question
The standardized gap adjusts for
CorrectIncorrect - Question 27 of 114
27. Question
Ceteris paribus, the duration of a bond is positively correlated with the bond’s
CorrectIncorrect - Question 28 of 114
28. Question
Indexing of bond portfolios is difficult because
CorrectIncorrect - Question 29 of 114
29. Question
Cash flow matching on a multiperiod basis is referred to as
CorrectIncorrect - Question 30 of 114
30. Question
Interest paid (earned) on both the original principal borrowed (lent) and previous interest earned is often referred to as
CorrectIncorrect - Question 31 of 114
31. Question
An InvIT consists of which of the following elements?
CorrectIncorrect - Question 32 of 114
32. Question
InvITs can be treated as the modified version of REITs designed to suit the specific circumstances of the
CorrectIncorrect - Question 33 of 114
33. Question
InvITs which invest in completed projects take the route of
CorrectIncorrect - Question 34 of 114
34. Question
____________ are the firms which set up the InvITs.
CorrectIncorrect - Question 35 of 114
35. Question
The _______________ is responsible for executing the projects.
CorrectIncorrect - Question 36 of 114
36. Question
FPI is part of a country’s capital account and is shown on its
CorrectIncorrect - Question 37 of 114
37. Question
A ____________ is an investment made by a firm or individual in one country into business interests located in another country.
CorrectIncorrect - Question 38 of 114
38. Question
____________ is when Indian companies or individuals invest in foreign countries.
CorrectIncorrect - Question 39 of 114
39. Question
In the Indian context, FIIs (along with sub-accounts with FIIs) and QFIs can be collectively classified as
CorrectIncorrect - Question 40 of 114
40. Question
FIIs, have now been merged into Foreign Portfolio Investors (FPI), when the FPI regulations were introduced in
CorrectIncorrect - Question 41 of 114
41. Question
Which of these is the biggest potential risk area?
CorrectIncorrect - Question 42 of 114
42. Question
What is the acronym for mandatory national agencies that handle financial intelligence?
CorrectIncorrect - Question 43 of 114
43. Question
Disclosing that an investigation is being contemplated on the customer’s account is considered as
CorrectIncorrect - Question 44 of 114
44. Question
Select the potential risks to the company if we fail to implement counteractive measures in preventing AML
CorrectIncorrect - Question 45 of 114
45. Question
The process of money laundering is perpetrated by
CorrectIncorrect - Question 46 of 114
46. Question
Which of the following can be described as involving indirect finance?
CorrectIncorrect - Question 47 of 114
47. Question
Intermediaries who are agents of investors and match buyers with sellers of securities are called
CorrectIncorrect - Question 48 of 114
48. Question
Which of the following markets is sometimes organized as an over-the-counter market?
CorrectIncorrect - Question 49 of 114
49. Question
The presence of transaction costs in financial markets explains, in part, why?
CorrectIncorrect - Question 50 of 114
50. Question
Common stock, preferred stock, bonds, debentures, and warrants are examples of ________ securities.
CorrectIncorrect - Question 51 of 114
51. Question
It shall be the duty of who among the following to produce to the Investigating Authority or any person authorized by it in this behalf all related documents?
CorrectIncorrect - Question 52 of 114
52. Question
The Investigating Authority may make an application to the Magistrate or Judge of such designated court in Mumbai, as may be notified by the __________ for an order for the seizure.
CorrectIncorrect - Question 53 of 114
53. Question
The Presiding Officer or every Judicial or Technical Member of the Securities Appellate Tribunal shall hold office for a term of
CorrectIncorrect - Question 54 of 114
54. Question
Any person aggrieved by an order ______________ may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter.
CorrectIncorrect - Question 55 of 114
55. Question
As per the Basel III implementation in India, minimum Tier1 capital must be ____________ % of risk weighted assets on going basis.
CorrectIncorrect - Question 56 of 114
56. Question
The decision function of financial management can be broken down into the
CorrectIncorrect - Question 57 of 114
57. Question
The performance of a fund is largely measured by the success of
CorrectIncorrect - Question 58 of 114
58. Question
A market for existing (used) securities, such as the NYSE or AMEX, rather than new issues is known as the
CorrectIncorrect - Question 59 of 114
59. Question
In case of private placement of shares, to raise the amount of capital a company
CorrectIncorrect - Question 60 of 114
60. Question
A public issue of securities where existing shareholders are given the first opportunity to purchase the new securities is called a
CorrectIncorrect - Question 61 of 114
61. Question
A lockup agreement is an agreement included in an underwriting contract which
CorrectIncorrect - Question 62 of 114
62. Question
Loans provided directly from a limited number of investors to a corporation with maturities typically in excess of five years are called
CorrectIncorrect - Question 63 of 114
63. Question
Under a leveraged buy-out scenario, all of the following are true except
CorrectIncorrect - Question 64 of 114
64. Question
The venture capital provided in the very early stages of financing is commonly referred to as
CorrectIncorrect - Question 65 of 114
65. Question
One of the main reasons an initial public offering (IPO) may do well in the after market is
CorrectIncorrect - Question 66 of 114
66. Question
The total direct costs of underwriting an equity IPO
CorrectIncorrect - Question 67 of 114
67. Question
An NRI holds units in a mutual fund. What should he do with his holding if he takes up a foreign citizenship?
CorrectIncorrect - Question 68 of 114
68. Question
The Asset Management Company shall make investment decisions solely in the interest of
CorrectIncorrect - Question 69 of 114
69. Question
Which trading individuals has SEBI decided to grant a unified license to operate in commodity derivative and equity markets?
CorrectIncorrect - Question 70 of 114
70. Question
What is the latest amendment to the FPI regulations by capital and commodities market regulator SEBI?
CorrectIncorrect - Question 71 of 114
71. Question
If the yield curve were upward sloping, the bank could accept some interest rate risk and earn a positive interest rate spread by
CorrectIncorrect - Question 72 of 114
72. Question
The Short Holder bank pays 5.60%, compounded daily (based on 360 days), on a 9-month certificate of deposit. If you deposit $20,000 you would expect to earn around __________ in interest.
CorrectIncorrect - Question 73 of 114
73. Question
What is the present value of a $1,000 ordinary annuity that earns 8% annually for an infinite number of periods?
CorrectIncorrect - Question 74 of 114
74. Question
Which of the following statements is most correct?
CorrectIncorrect - Question 75 of 114
75. Question
InvITs are similar to REIT but invest in infrastructure projects such as roads or highways which take some time to generate steady
CorrectIncorrect - Question 76 of 114
76. Question
The _____________ oversees the role of InvIT, investment managers and project manager and ensures that all rules are complied with.
CorrectIncorrect - Question 77 of 114
77. Question
InvITs are listed on and are subjected to the vagaries of the ____________, resulting in negative or lower returns than expected.
CorrectIncorrect - Question 78 of 114
78. Question
The ______________ shall enter into an investment management agreement with the investment manager on behalf of the InvIT.
CorrectIncorrect - Question 79 of 114
79. Question
As per the Companies Act 2013, if a foreign investor owns more than 10 % shares in a listed company, it will be treated as
CorrectIncorrect - Question 80 of 114
80. Question
________________ will have to do the FPI registration on behalf of Semi and also perform some regulatory functions such as identifying the end-beneficiaries and other due diligence.
CorrectIncorrect - Question 81 of 114
81. Question
______________ are vehicles of investment used by overseas investors to get exposure to Indian equities and other equity derivatives.
CorrectIncorrect - Question 82 of 114
82. Question
______________ can be used to develop infrastructure, set up manufacturing facilities and service hubs, and invest in other productive assets such as machinery and equipment, which contributes to economic growth and stimulates employment.
CorrectIncorrect - Question 83 of 114
83. Question
When presented with a search warrant, an institution should consider taking which three of the following steps?
CorrectIncorrect - Question 84 of 114
84. Question
Which of the following three are characteristics of a risk-based approach that make it the preferred method of allocating resources?
CorrectIncorrect - Question 85 of 114
85. Question
Letter of thanks is sent to introducer because it is
CorrectIncorrect - Question 86 of 114
86. Question
For opening accounts in the case of Hindu Undivided Family (HUF), the following documents are important
CorrectIncorrect - Question 87 of 114
87. Question
Financial intermediaries can substantially reduce transaction costs per dollar of transactions because their large size allows them to take advantage of
CorrectIncorrect - Question 88 of 114
88. Question
The government regulates financial markets for three main reasons
CorrectIncorrect - Question 89 of 114
89. Question
Adverse selection is a problem associated with equity and debt contracts arising from
CorrectIncorrect - Question 90 of 114
90. Question
The ________ created the Securities and Exchange Commission (SEC) and empowered it to administer federal securities laws.
CorrectIncorrect - Question 91 of 114
91. Question
In the event of occurrence of any vacancy in the office of the Presiding Officer of the Securities Appellate Tribunal, _________ shall act as the Presiding Officer until the date on which a new Presiding Officer is appointed
CorrectIncorrect - Question 92 of 114
92. Question
If at any time the Central Government is of opinion that Board unable to perform its functions, it may by notification, supersede the Board for such period, not exceeding
CorrectIncorrect - Question 93 of 114
93. Question
The Board shall, within __________ after the end of each financial year, submit to the Central Government a report in such form, as may be prescribed, giving a true and full account of its activities, policy and Programmes during the previous financial year.
CorrectIncorrect - Question 94 of 114
94. Question
An arrangement with a single investment banker or group of investment bankers to “stand by” and be ready to underwrite any unsold portion of an issue, is referred to as a
CorrectIncorrect - Question 95 of 114
95. Question
What happens, according to the text, to the average common stock price immediately after the announcement of a new equity issue by a publicly traded firm?
CorrectIncorrect - Question 96 of 114
96. Question
The type of underwriting where a syndicate sells as much of an issue as possible, but can return any unsold securities to the issuing firm without any further financial responsibility, is called a
CorrectIncorrect - Question 97 of 114
97. Question
Before a seasoned stock offering, you owned 3,500 shares of a firm that had 225,000 shares outstanding. After the seasoned offering, you still owned 3,500 shares but the number of shares outstanding rose to 275,000. This is an example of
CorrectIncorrect - Question 98 of 114
98. Question
Shelf registration allows a firm to register multiple issues at one time with the SEC and then sell those registered shares anytime during the subsequent
CorrectIncorrect - Question 99 of 114
99. Question
An open-end fund with 10,000 units outstanding had the following items in its balance sheet:
Investment at Market Value – Rs. 100,000
Current Assets – Rs. 20,000
Current Liabilities – Rs. 25,000
Calculate the fund’s NAV per unit.CorrectIncorrect - Question 100 of 114
100. Question
According to SEBI’s code for mutual fund advertisement, for funds that have been in existence for more than a year, annualized returns have to be furnished for
CorrectIncorrect - Question 101 of 114
101. Question
Entities under probe for serious violation in which market can seek settlement of the case if they make good on losses suffered by investors to SEBI’s satisfaction?
CorrectIncorrect - Question 102 of 114
102. Question
Given the following information:
Interest Sensitive Assets = $300 30-day Commercial Paper
Interest Sensitive Liabilities = $400 90-day CDs
30-day commercial paper is 50 percent as volatile as 90-day T-bills
90-day CDs are 120 percent as volatile as 90-day T-bills
Calculate the standardized gap for the bank.CorrectIncorrect - Question 103 of 114
103. Question
You are considering investing in a zero-coupon bond that sells for $500. At maturity in 8 years, it will be redeemed for $1,000. During the life of the bond NO interest coupons will be paid. Using the Rule of 72, what approximate annual rate of growth does this represent?
CorrectIncorrect - Question 104 of 114
104. Question
You are considering borrowing $100,000 for 30 years at a compound annual interest rate of 9 percent. The loan agreement calls for 30 equal annual payments, to be paid at the end of each of the next 30 years. (Payments include both principal and interest.) What is the annual payment that will fully amortize the loan?
CorrectIncorrect - Question 105 of 114
105. Question
According to SEBI rules, at least ________ of funds collected, after paying for expenses, taxes and repayment of external debt, should be passed on to investors every six months.
CorrectIncorrect - Question 106 of 114
106. Question
The ______________ shall ensure that subscription amount is kept in a separate bank account in name of the InvIT and is only utilized for adjustment against allotment of units or refund of money to the applicants till the time such units are listed.
CorrectIncorrect - Question 107 of 114
107. Question
The _____________ shall undertake operations and management of the InvIT assets including making arrangements for the appropriate maintenance, as may be applicable, either directly or through the appointment and supervision of appropriate agents and as required under any project agreement including a concession agreement in the case of a PPP project.
CorrectIncorrect - Question 108 of 114
108. Question
Category I foreign portfolio investor” include Government and Government related investors such as central banks, sovereign wealth funds, international or multilateral organizations or agencies including entities controlled or at least _______________ directly or indirectly owned by such Government and Government related investors.
CorrectIncorrect - Question 109 of 114
109. Question
A foreign portfolio investor shall not be a party to or instrumental for
CorrectIncorrect - Question 110 of 114
110. Question
What is the laundering stage that separates the illicit money from its source, obscures the audit trail and severs links with the original crime to make it appear like a normal financial transaction called?
CorrectIncorrect - Question 111 of 114
111. Question
Under KYC Norms, the expression, while opening an account in case of partnership firm, one of the vital document to be produced by the firm is
CorrectIncorrect - Question 112 of 114
112. Question
A regulatory body, in the context of financial markets, is a regulator for ensuring that the financial markets are fair, efficient and transparent. It strives to reduce the systemic risk to protect the investor. The regulator should aim for
CorrectIncorrect - Question 113 of 114
113. Question
A(n) ______________ is any contract whereby an investor invests money or other consideration in a common enterprise and expects to make a profit from the significant efforts of others.
CorrectIncorrect - Question 114 of 114
114. Question
An issue of securities that does not involve a public offering is exempt from the registration requirements. This exemption, known as the _______________ exemption, allows issuers to raise capital from an unlimited number of accredited investors without having to register the offering with the Securities and Exchange Commission (SEC).
CorrectIncorrect