1). The agreement between the portfolio manager and the client dies not include details of ….

A) Tenure of Portfolio investment.

B) Custody of Securities.
C) Proportion of exposure.
D) None of the above.

2) The minimum duration of transaction period of an interval fund is …………………..

a) 4 days
b) 3 days
c) 2 days
d) 1 days

3) The underlying theme behind various attribution analysis approaches is to dissect the return into
……………
a) Return driven by benchmark.
b) Differential Return.
c) Return driven by Unsystematic risk.
d) Only 1& 2.

4) The non-discretionary portfolio manages the fund according to the direction of the investors.
a) True
b) False

5) The portfolio Manager shall take adequate steps for redressal of grivances of the investor within
………. Of the date of the receipt of the complaint.
a) 2 Month
b) 3 Month
c) 1 Month
d) 6 Month

6) On the basis of provider of the services PMS can be classified as ………..

a) PMS by asset Management Companies
b) PMS by Brokerage houses
c) Mutual fund PMS
d) Only 1& 2

7) The investor level accounts in securities are held and maintained by the depositoy.?
a) True
b) False

8) A NRI requires permission from RBI to open a demant account.

a) True
b) False

9) The minimum investment requirement under SEBI PMS regulations are not aplicable for eligible
fund manager pertaining to their activities as fund amanger to eligible investment funds.
a) True
b) False
10) In case of ………, Semi variance will be proportional to variance.
a) Vertical distributed return.
b) Partially distributed return.
c) nsystematically distributed return.
d) Systematically distributed return.

11) Which of the following are not among the forces defined by Michael Porter ?
a) Threat of substitute product.
b) Rivalry among the existing customers.
c) Threat of new entretnts
d) None of the above

12) The term securities do not include any unit linked insurance policies which provides a combined
benefit risk on the life and investment of the person.
a) True
b) False

13) Under the CAPM, the required return on a security or a portfolio is given as
a) Rf + Beta(Rm - Rf)
b) Rf - Beta(Rm - Rf)
c) Rf - Beta(Rm + Rf)
d) Rf + Beta(Rm + Rf)

14) ………………. Relative shows how one rupee has grown over a period of time.
a) Cumulative Wealth
b) Average Wealth
c) Aggregate wealth
d) Compounded Wealth

15) The specified transaction under PMLA 2002 shall includes……………..

a) Transaction in any high value imports.
b) Transaction in any high Value remittances.
c) Both 1& 2
d) None of the above.

16) Sell Side Analyst generate investment recommendation for their internal consumption.
a) True
b) False

17) The Liquidity of an investment refers to the ……………. Of the instrument.

a) Profitability
b) Time Decay
c) Marketability
d) Intrinsic value

18) GIPS standard was originally created for investment firm managing composite strategies.
a) True
b) False
19) As per RBI notification, liberalized remittances scheme, an Indian resident individual can only
invest up to …………. overseas per year.
a) $2,00,000
b) $2,50,000
c) $1,50,000
d) $1,00,000

20) In case of a low priority goal, …….. kind of investment approach is preferred.
a) Balanced
b) Conservative
c) More Aggressive
d) Either 1 or 2

21) Non discretionary Portfolio manager provides………….

a) Investment execution Services.
b) Investment management Services
c) Both 1 & 2
d) None of the above

22) The first step of portfolio Management process involves study of current financial condition and
forecast future trends.
a) True
b) False

23) In case client portfolio is redeemed in first year of investment in part or full, the exit load charges
shall be as under……
a) 3%
b) 2%
c) 2.5%
d) 1.75%

24) The document franking charges and notary charges comes under…..
a) Brokerage and transaction costs.
b) Registrar and transfer Agent
c) Out of Pocket and other incidental Expenses.
d) Depository Fee

25) ………..is the major Determinant of risk and return for a portfolio.
a) Fund management
b) Liquidity
c) Asset allocation
d) Tax Liability
 A Compilation By:--
Bhardwaj Edumotive Consultancy Bengaluru
sanatbharadwaj@gmail.com

1 D 6 D 11 D 16 B 21 D
2 C 7 B 12 A 17 C 22 B
3 D 8 B 13 A 18 A 23 A
4 A 9 A 14 A 19 B 24 C
5 C 10 D 15 C 20 C 25 C