Research Analyst – Feel Real Exam – 1

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NISM Series-XV: Research Analyst Certification

Research Analyst – Feel Real Exam – 1

The number of attempts remaining is 10

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1. To be eligible for a share buyback, a company should not have defaulted on ___________.

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2. An investor bought 800 shares of a company for Rs 48000. The face value of these shares is Rs 5. Calculate the dividend yield on the value invested in these shares if the company declares 200% dividend.

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3. A fund manager buys a security to maintain its weight in the portfolio. What does this indicate?

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4. A stock which has a low ______ may be judged as an undervalued or cheap stock.

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5. When is the threat of substitutes high?

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6. Which factors usually have the most influence on the movement of commodity prices in the near term?

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7. In which bias do investors lose even after having won a trade?

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8. What does the term ‘Blue Chip’ refer to in the context of investing?

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9. An auditor will give a _____________ if they are convinced that the whole or part of the financial statements do not reflect a true and fair view.

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10. On which factor does the earnings for an investor from the business depend upon?

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11. The Government announces huge investments in the infrastructure sector. Based on this news and further analysis, a research analyst advocates investments in Infrastructure Companies. Which type of approach is this?

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12. Which of these is a characteristic of a monopolistic competition market structure?

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13. A bond is issued at a face value of Rs. 100 and a coupon of 9% p.a. The interest rates in the market have increased subsequently. This bond is likely to quote at:

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14. The investor receives only one-time cash inflow in which of the following assets?

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15. The Mutual Fund schemes which do not have any fixed date of redemption are known as _______.

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16. Earnings Per Share is calculated as _______.

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17. Which of the following is a non-cash charge?

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18. Companies appoint Compliance Officers because _______.

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19. All else held constant, a stock with a relatively low PE is considered as ____ stock.

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20. The gross sales of a business is Rs 200000 and the Net Profit margin is at 12%. Calculate the Equity Capital of this business if the Return on Equity is 25%.

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21. In which of the following does Capitalisation of Revenue Reserve take place ?

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22. Which of this information can be considered as Insider Information?

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23. Which of the following will be considered as STRENGTH in SWOT analysis?

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24. In a ______ market, the Price Earning ratios tend to be low.

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25. Identify which of these is a deeply cyclical industry?

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26. Tom’ trades are the trades where settlement occurs on ______ day(s).

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27. In Expansionary fiscal policy, the Government uses its excess income to repay its debts or acquire assets. State True or False?

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28. The major difference(s) between a great organization and an ordinary one is/are _______.

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29. The Debt to Equity Ratio of a company is 2:1, and the total size of its Balance Sheet is 9,00,000. If the return on equity is 18%, calculate the Net Profit of the company.

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30. _________ is the authority appointed under the Companies Act to register companies and to ensure that they comply with the provisions of the law.

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31. Identify the possible outcomes from a ‘Scheme of Arrangement’?

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32. In ________, the issuers have the right to call the bonds back.

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33. The important factor(s) for long term sustainability of a business with regard to competition is/are ___________ .

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34. A company has 25000 shares. The Price to Book Value ratio of this company is 12, and the Book Value is 9. Calculate the Net worth of the company.

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35. The paid-up capital of a company is Rs. 20 lakhs, and the face value is Rs. 10. The Earnings Per Share is Rs. 5, and the Book value per share is Rs. 25. Calculate the Return on Capital employed?

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36. In the __________, national income is measured as an aggregated flow of goods and services in the economy from the different sectors: agriculture, industry, and services.

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37. Most of the businesses are price takers and not price makers. Why?

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38. Mrs. Reeta purchases MF units at NAV Rs 13. After 500 days, she redeems it at NAV Rs 15.70. What is the compounded rate of return?

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39. _______ may generate both one-time cash inflow (capital appreciation) and also recurring income.

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40. Which of these bonds is issued at a discount?

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41. Free cash flows for equity (FCFE) is calculated as _______.

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42. The Earnings per Share of a company is Rs 10, and the Book Value per share is Rs 50. The Market Capitalization of this company is Rs. 25,00,000. Calculate the Return on Equity.

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43. The Non Performing Assets (NPAs) are typically low when _________.

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44. ________ gives a review of the company’s sources and uses of cash over the year.

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45. An industry which has High barriers to entry, Weak buyers’ bargaining power, Few substitutes and Low competition would have _________ .

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46. ___________ measures the ability of the company to satisfy its short-term obligations as and when they come due.

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47. What is the primary objective of monetary policy?

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48. Code of ethics for a Research Analyst does NOT include _______.

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49. The Risk-Free rate is 6% and the Market Risk Premium is 8%. The Beta is 0.70. From this data, calculate the Cost of Equity.

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50. In Structure Conduct Performance (SCP) Analysis, while analyzing ‘Performance’ of an industry, analysts will look at __________.

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51. If an auditor is unable to verify any part of the company’s financials due to a lack of data, the auditor can provide a ________.

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52. In the context of investment, what does the term “diversification” refer to?

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53. The Net Profit of a company is Rs 50,000, and the Market Capitalization is Rs 600,000. Calculate the Earnings Yield.

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54. A study of which of the following factor(s) is done in Macroeconomics?

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55. the tyre industry in a country comprises three organized players and several unorganized players. A sample survey revealed that around 20% of total sales came from the unorganized sector. The three major companies reported revenue of Rs 6,000 crore, Rs 8,000 crore, and Rs 10,000 crore. Which of the following is closest to the fair estimate of the overall size of the tyre market in that country?

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56. What is the meaning of Pricing Power?

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57. Which of these can lead to the failure of a research report?

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58. National income of an economy can be measured through which of the following methods?

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59. The EV/EBIT ratio in an industry is 10.0X. A company from the industry reported an EBIT of Rs 500 crores. The company has net debt of Rs 800 crores. What is the value of the company’s equity?

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60. Of the below-given options, which is NOT a component of the Current Account of a country with the rest of the world?

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61. Which of these financial statements shows the financial position of a company at a specific point in time?

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62. From the given data, calculate the Net Sales. Sales Revenues: Rs 10 Lakhs. Direct Taxes: Rs 1 Lakh and Indirect Taxes: Rs 2 Lakhs. The sales figure includes both direct and indirect taxes.

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63. What is Passive Investing?

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64. What is certain and known to the holders of a simple bond ?

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65. When the capital inflows are more than the capital outflows, the country will have a ______.

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66. The Net Profit of a company was Rs 75 crores. The company’s equity capital stood at Rs 5,73,47,560. The company has not issued any preference shares. The face value of its shares is Rs 5. Calculate the Earning Per Share of the company.

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67. Find out the Cost of Equity if the risk-free rate is 7%, the market risk premium is 9%, and the Beta is 0.60.

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68. What is the primary objective of financial accounting?

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69. To get a quick sense of quality while analyzing a business, one must look at _________.

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70. Analysts who prepare research report of a listed company shall not trade in securities of that company for ______ days from preparation of such report.

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71. The unique parameters for evaluation of Retail Sector is ______.

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72. ________ is/are Unsystematic risk.

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73. In a Top Down Analysis, importance is given to detailed study of the business and Industry. Economic factors are not of primary importance. State True or False?

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74. A business has a total assets of Rs 1000000 and the Earnings Per Share is Rs 1. The Net Income is Rs 80000. The Price to Earnings ratio is 12 and the Price to Book Value ratio is 1.3. Calculate the Asset to Equity ratio.

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75. Which of these industries is most likely to be negatively affected by a recession in the economy?

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76. Which of these is a Current Asset?

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77. What does the ‘C’ in CAMELS stand for in the context of bank ratings?

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78. _________ is not a component of the Capital Account of a country.

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79. What is the primary purpose of conducting a SWOT analysis?

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80. In the _______ phase of the economic cycle, we are most likely to witness low consumer confidence.

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81. As per a research analyst, the fair value of a share is significantly lower than its current price. Which of these options will be the most appropriate way to express it in a research report?

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82. In the research of an economy, a Research Analyst would consider which of the following:

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83. _______ can be considered an Entry Barrier to a new entrant in a business.

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84. What will be the likely Beta of a stock that is more volatile than the market?

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85. As per the rules of SEBI, the chairman of the Remuneration Committee should be _______ .

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86. The Current Ratio of a company is 2.5 and the Quick Ratio is 1.5. The total current assets are Rs 1,00,000. Calculate the Inventory of this company ?

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87. The unemployment rate is _____ during boom times in the economy.

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88. The risk of a company unable to honour its debt obligation is known as _____ .

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89. What is insider information?

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90. Which of these can be considered a STRENGTH in SWOT analysis?

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91. Business is available at what discount to its intrinsic value – This is ________ parameter of business analysis.

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92. Identify the action which SEBI is NOT empowered to take?

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93. While investing in shares, which of the below options should you not consider?

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94. ________ bonds can be changed into Equity.

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95. _______ gives a review of the company’s sources and uses of cash over the year.

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96. The net profit of a company is Rs 146 crores. The current price of its stock is Rs 66.40. The number of outstanding shares of the company are 38744620. Find the P/E ratio of the company.

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97. When two companies combine together to form a totally new company and the previous companies cease to exist, it is known as _______ .

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98. Most of the data required for a research report is readily available, except:

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99. How can the Government control/reduce inflation?

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100. The EBIT % of a business is 50% with EBIT levels of Rs 200000. The Net Profit margin of this company is 20%. No. of shares outstanding are 20000. The Retention Ratio is 60%. Calculate the Dividend Per Share.

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