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Question 1 of 94
1. Question
The return expectation on investments can be the amount received as
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Question 2 of 94
2. Question
Financial products can be classified in terms of their
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Question 3 of 94
3. Question
Non-marketable financial products includes
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Question 4 of 94
4. Question
In which of the following cases deposit is split into units of smaller amounts for accounting purposes?
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Question 5 of 94
5. Question
In a government company the holdings of Central Government should not be less than
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Question 6 of 94
6. Question
What is an upward movement of prices following a decline, the opposite of a reaction?
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Question 7 of 94
7. Question
Which of the following presents, where the current prices of securities fully reflect according to the available information about that security in an instantaneous and unbiased manner?
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Question 8 of 94
8. Question
If market price of a share is Rs.45/-, and EPS is Rs.5, then P/E is
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Question 9 of 94
9. Question
NIPS Ltd. paid dividends Rs.9/- per share and whose shares market price Rs.54/-. Then dividend yield will be
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Question 10 of 94
10. Question
If a company paid out Rs.4/- per share in annual dividends and had Rs.10/- in EPS, the Dividend Payout Ratio would be
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Question 11 of 94
11. Question
What type of bonds are issued at discount and redeemed at par and the difference between the face value and the purchase price is the return for an investor?
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Question 12 of 94
12. Question
Calculate the yield on a long term government security using the following information
Bond default premium 0.72%
Yield on corporate bond = 11.2%CorrectIncorrect -
Question 13 of 94
13. Question
What is the interest rate that investors would receive if they held the bond until put date?
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Question 14 of 94
14. Question
Fixed Income securities offer one of the most attractive investment opportunities with regard to
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Question 15 of 94
15. Question
Which of the following sequences lists financial assets from lowest expected return to highest expected return?
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Question 16 of 94
16. Question
Which of the following provides income that is fully exempt from taxation for the individual investor?
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Question 17 of 94
17. Question
Which of the following is not an advantage of investing in bonds?
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Question 18 of 94
18. Question
What type of mutual fund scheme does REMFs is, that invests only in real estate?
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Question 19 of 94
19. Question
Which of the following funds provide investors with combined benefits of a open ended and close ended mutual funds?
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Question 20 of 94
20. Question
Which of the following fund is associated with the highest risk?
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Question 21 of 94
21. Question
Gilt Funds invest only in
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Question 22 of 94
22. Question
The maximum load that a fund can charge is determined by the
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Question 23 of 94
23. Question
It is often difficult to determine ownership rights of personal property because personal property can
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Question 24 of 94
24. Question
The words “time, title, interest, and possession” are most likely related to which of the following concepts?
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Question 25 of 94
25. Question
Closed-end funds have lower cash requirements than open-end funds because
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Question 26 of 94
26. Question
Which of the following mutual funds solely invests in stocks?
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Question 27 of 94
27. Question
Which one of the following statements regarding closed-end mutual funds is false?
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Question 28 of 94
28. Question
Which of the following functions do investment companies perform for their investors?
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Question 29 of 94
29. Question
Pools of money invested in a portfolio that is fixed for the life of the fund are called
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Question 30 of 94
30. Question
The buyer of the PUT option has
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Question 31 of 94
31. Question
A Trader can close a long position in a put option by
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Question 32 of 94
32. Question
Forward contracts are of limited usefulness to financial institutions because
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Question 33 of 94
33. Question
The price specified on an option that the holder can buy or sell the underlying asset is called
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Question 34 of 94
34. Question
Elimination of riskless profit opportunities in the futures market is
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Question 35 of 94
35. Question
After attaining __________ age of the girl child, Parents can not able open a Sukanya Samvridhi Account.
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Question 36 of 94
36. Question
Parents can open maximum of how many accounts for each of their children
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Question 37 of 94
37. Question
What is the minimum amount must be deposited in Sukanya Samvridhi Scheme initially?
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Question 38 of 94
38. Question
The amount (Principal) invested in Kisan Vikas Patra would get doubled in how many months
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Question 39 of 94
39. Question
To avail the facility of Cheque in Savings Account in Post office, what minimum amount is required to get open an account?
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Question 40 of 94
40. Question
An alternative investment is an investment product other than the traditional investments of
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Question 41 of 94
41. Question
An alternative investment is a relatively loose one and includes tangible assets such as
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Question 42 of 94
42. Question
Of all the precious metals, ____________ is most popular as an investment.
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Question 43 of 94
43. Question
What is minimum quantity of gold that can be subscribed under the Sovereign Gold Bond Scheme?
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Question 44 of 94
44. Question
What is the maximum quantity of gold that can be issued to trust?
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Question 45 of 94
45. Question
After how many years from the date of issue of the bond, the early redemption of bond is allowed?
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Question 46 of 94
46. Question
If you invest Rs. 100 today, You will receive Rs. 25 after one year, Rs. 50 after second year, Rs. 25 after third year, Rs. 50 after fourth year. What is the Pay Back Period?
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Question 47 of 94
47. Question
Mr. Y is into 30% tax bracket wants to invest one lakh rupees. ROI is 10%. What is the return he will get after taxation
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Question 48 of 94
48. Question
What is the method of offering shares to investors in which the issue price is not fixed in advance but is determined through a bidding process?
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Question 49 of 94
49. Question
Once the bidding period is over, who ascertains the demand function and decides the issue price and the pattern of allocation in consultation with the issuer?
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Question 50 of 94
50. Question
Which is similar to the two-stage DDM model except that a gradual change in the growth rate is assumed rather than a sudden change?
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Question 51 of 94
51. Question
Presently the trades pertaining to the rolling settlement are settled on a
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Question 52 of 94
52. Question
A 5 year 7.5% semiannual coupon bond is currently priced at Rs.100. The face value of the bond is Rs.100. Calculate duration of the bond.
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Question 53 of 94
53. Question
A T-bill with 91 days to maturity might be quoted at a price of Rs. 99.1763 per Rs. 100/-. T-bill is quoted as 365 days yield. The yield of this T-bill will be
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Question 54 of 94
54. Question
In home loans, borrower should pay the EMI’s and in the meanwhile loan amount reduces and the home equity will increase but in case of reverse mortgage who would pay the EMI’s
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Question 55 of 94
55. Question
What type of investment have the following characteristics and these distinguish it from other investments
(I) Illiquidity
(II) Management Burden
(III) Government Controls
(IV) Government Charges
(V) Lack of InformationCorrectIncorrect -
Question 56 of 94
56. Question
What’s the value to you of a $1,000 face-value bond with an 8% coupon rate when your required rate of return is 15 percent?
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Question 57 of 94
57. Question
If the intrinsic value of a stock is greater than its market value, which of the following is a reasonable conclusion?
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Question 58 of 94
58. Question
When the market’s required rate of return for a particular bond is much less than its coupon rate, the bond is selling at
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Question 59 of 94
59. Question
The AMFI code of ethics does not cover the following prescriptions
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Question 60 of 94
60. Question
The Expense Ratio as a measure of a fund’s performance is defined by a fund’s
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Question 61 of 94
61. Question
An AMC cannot explain adverse variations between expense estimates for the scheme on offer and actual expenses for past schemes in
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Question 62 of 94
62. Question
Concerning real property, a joint tenancy interest and a community property interest are alike in which of the following ways?
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Question 63 of 94
63. Question
A contract of sale states that the earnest money deposit is to be placed in an interest-bearing account with any interest earned to be given to the buyer. This is
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Question 64 of 94
64. Question
What is a type of intermediary that pools the funds of the investors who seek the same general investment objective and invests them in a number of different types of financial claims?
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Question 65 of 94
65. Question
What is a pool of money, which is collected from many investors and is invested by an asset management company to achieve some common objectives of the investors?
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Question 66 of 94
66. Question
Which of the following characteristics apply to unit investment trusts?
(I) Most are invested in fixed-income portfolios.
(II) They are actively managed portfolios.
(III) The sponsor pools securities, then sells public shares in the trust.
(IV) The portfolio is fixed for the life of the fund.CorrectIncorrect -
Question 67 of 94
67. Question
Of the following types of mutual funds, an investor that wishes to invest in a diversified portfolio of stocks worldwide (including the U.S.) should choose
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Question 68 of 94
68. Question
A mutual fund had average daily assets of $3.0 billion in 2009. The fund sold $600 million worth of stock and purchased $700 million worth of stock during the year. The fund’s turnover ratio is
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Question 69 of 94
69. Question
A mutual fund had average daily assets of $4.0 billion in 2009. The fund sold $1.5 billion worth of stock and purchased $1.6 billion worth of stock during the year. The fund’s turnover ratio is
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Question 70 of 94
70. Question
A type of contract in which contract holder has right to sell an asset at specific period for predetermining price is classified as
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Question 71 of 94
71. Question
When a financial institution hedges the interest-rate risk for a specific asset, the hedge is called a
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Question 72 of 94
72. Question
If a firm must pay for goods it has ordered with foreign currency, it can hedge its foreign exchange rate risk by
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Question 73 of 94
73. Question
15, and at expiration the market price is 120
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Question 74 of 94
74. Question
If you buy a put option on treasury futures at 120, and at expiration the market price is 115
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Question 75 of 94
75. Question
In case of a Savings Account in Post Office, what maximum amount of interest earned per year on deposited money is tax free
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Question 76 of 94
76. Question
What is the maximum deposit allowed under National Savings Certificates (NSC) Scheme (5 years short term)?
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Question 77 of 94
77. Question
Which deposit account is for individuals to save money and earn the modest interest for that money held in the account?
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Question 78 of 94
78. Question
Compared to investors with long investment time horizons, investors with short investment time horizons most likely require
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Question 79 of 94
79. Question
A firm can borrow at an interest rate of 10%. Its marginal tax rate is 40%. What is its cost of debt?
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Question 80 of 94
80. Question
Which of the following sources of funds for capital investment involves a tax adjustment to determine the cost of capital?
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Question 81 of 94
81. Question
Mr. X has purchased a plan in which he is paying Rs. 5000 p.a. for first five years then Rs. 10,000 p.a. for next three years after that Rs. 2,000 p.a. for two years. He will get Rs. 5,00,000 after twenty years from now. Calculate the yield/ IRR of this plan
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Question 82 of 94
82. Question
Ms. Shilpa currently holding one lakh equity shares of XYZ Ltd. Right shares have been issued in the ratio of 2:5 @ Rs. 10 per share, Ms. Shilpa renounces 50% of right shares to Ms. Kavya @ Rs.2 per share. Calculate the cost of equity shares to Ms. Shilpa.
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Question 83 of 94
83. Question
Calculate the yield on a long term corporate bond having some probability of default if its bond default premium and the return on long term government paper are 0.72% and 9.50% respectively.
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Question 84 of 94
84. Question
Virgo Airlines will pay a $4 dividend next year on its common stock, which is currently selling at $100 per share. What is the market’s required return on this investment if the dividend is expected to grow at 5% forever?
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Question 85 of 94
85. Question
Real estate professionals have long supported strict standards of ethics and practice. Followed by all states and federal regulatory agencies, which of the following imposes ethical obligations and minimum standards that must be followed by all real estate professionals providing formal estimates of market value?
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Question 86 of 94
86. Question
Growth Fund had year-end assets of $862,000,000 and liabilities of $12,000,000. There were 32,675,254 shares in the fund at year-end. What was Growth Fund’s Net Asset Value?
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Question 87 of 94
87. Question
Pinnacle Fund had year-end assets of $825,000,000 and liabilities of $25,000,000. If Pinnacle’s NAV was $32.18, how many shares must have been held in the fund?
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Question 88 of 94
88. Question
The Profitability Fund had NAV per share of $17.50 on January 1, 2009. On December 31 of the same year the fund’s NAV was $19.47. Income distributions were $0.75 and the fund had capital gain distributions of $1.00. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability fund last year?
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Question 89 of 94
89. Question
Suppose you sell a call and buy one share of stock. What is your cash payoff when the option expires?
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Question 90 of 94
90. Question
Assume you are holding Treasury securities and have sold futures to hedge against interest rate risk. If interest rates fall
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Question 91 of 94
91. Question
Suppose you expected all interest rates to rise in the future, but long-term rates to rise more than short-term rates. Then a cash management strategy might invest a relatively larger percentage of total cash assets in
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Question 92 of 94
92. Question
Which scheme is a popular long term investment option backed by Government of India which offers safety with attractive interest rate and returns that are fully exempted from Tax?
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Question 93 of 94
93. Question
A company’s $100 par perpetual preferred stock has a dividend rate of 7 percent and a required rate of return of 11 percent. The company’s earnings are expected to grow at a constant rate of 3 percent per year. If the market price per share for the preferred stock is $75, the preferred stock is most appropriately described as being
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Question 94 of 94
94. Question
An investor purchases a 1-month out-of-the-money American call option on a stock. A week later, the stock price is less than the call option strike price. The time value of the option is most likely
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