Free Printable Ronde 2 Simulasi UAS PTM

1.

Manakah di antara pernyataan berikut ini yang bukan merupakan bagian dari pengertian investasi?

a)

Komitmen sejumlah dana.

b)

Komitmen sejumlah sumber daya tertentu.

c)

Tujuan mengurangi dampak inflasi.

d)

Tujuan memperoleh manfaat di masa depan.

2.

Manakah yang merupakan tujuan seseorang melakukan investasi?

a)

Meningkatkan kemakmuran investor.

b)

Mengurangi dampak inflasi.

c)

Mengurangi beban pajak.

d)

Semua jawaban di atas benar.

3.

Manakah di antara variabel berikut ini yang perlu diper-hatikan investor sebagai dasar dalam keputusan investasi?

a)

Risiko

b)

Return

c)

Hubungan antara risiko dan return.

d)

Semua jawaban di atas benar.

4.

Tingkat return yang diharapkan akan terjadi di masa depan dari suatu investasi disebut ....

a)

expected rate of return

b)

required rate of return

c)

realized rate of return

d)

semua jawaban di atas salah

5.

Manakah di antara pernyataan berikut ini yang salah?

a)

Hubungan antara risiko dan return yang diharapkan bersifat terbalik.

b)

Jika risiko suatu investasi meningkat maka return yang diharapkan

juga akan meningkat.

c)

Jika risiko suatu investasi meningkat maka return yang diharapkan

akan turun.

d)

Semua jawaban di atas salah.

6.

Sebuah lembaga dana pensiun yang membeli saham sebagai alternatif investasi bisa digolongkan sebagai ….

a)

individual investor

b)

collective investor

c)

institutional investor

d)

semua jawaban di atas salah

7.

Manakah di antara aset berikut ini yang merupakan aset real?

a)

Obligasi.

b)

Properti.

c)

Saham.

d)

Reksadana.

8.

Manakah berikut ini yang bukan merupakan langkah-langkah dalam

proses investasi?

a)

Penentuan tujuan investasi.

b)

Penentuan sumber dana untuk investasi.

c)

Penentuan strategi investasi.

d)

Pengukuran kinerja investasi.

9.

Pembelian saham yang dilakukan oleh Si Badu dengan tujuan untuk

memperoleh dividen. Investor seperti ini tergolong sebagai ….

a)

individual investor

b)

collective investor

c)

institutional investor

d)

semua jawaban di atas salah

10.

Manakah di antara aset berikut ini yang merupakan aset finansial?

a)

Emas.

b)

Properti.

c)

Saham.

d)

Tanah.

11.

Sumber penyedia dana adalah peran pasar modal ditinjau dari sudut

pandang ….

a)

investor

b)

pemerintah

c)

perusahaan emiten

d)

konsumen

12.

Transaksi saham yang terjadi antara perusahaan emiten dengan investor

terjadi di pasar ….

a)

primer

b)

tertier

c)

sekunder

d)

uang

13.

Transaksi saham antara investor dengan investor lainnya tanpa

melibatkan emiten pasar ….

a)

primer

b)

tertier

c)

sekunder

d)

uang

14.

Lembaga profesi yang ditunjuk oleh perusahaan untuk membantu dalam

penentuan harga perdana saham serta membantu memasarkan sekuritas

tersebut kepada calon investor adalah ….

a)

BAPEPAM

b)

penjamin (underwriter)

c)

emiten

d)

bursa efek

15.

Pasar yang terdiri dari jaringan berbagai dealer yang menciptakan pasar

tersendiri di luar lantai bursa bagi sekuritas, dengan cara membeli dari

dan menjual ke investor disebut pasar ….

a)

lelang

b)

primer

c)

negosiasi

d)

pasar uang

16.

Manakah di antara komponen pendapatan berikut ini yang bukan

merupakan komponen yang bisa diperoleh dari saham?

a)

Dividen.

b)

Capital gain.

c)

Bunga.

d)

Capital loss.

17.

Sekuritas yang nilainya merupakan turunan dari suatu sekuritas lain

disebut ….

a)

saham

b)

sekuritas derivatif

c)

reksadana

d)

obligasi

18.

Manakah di antara sekuritas berikut ini yang bukan merupakan sekuritas

derivatif?

a)

Obligasi konversi.

b)

Opsi.

c)

Saham biasa.

d)

Kontrak futures.

19.

Jika seorang investor ingin memperoleh keuntungan tanpa harus

berinvestasi secara langsung pada saham, sebaiknya investor tersebut

berinvestasi pada ….

a)

saham biasa

b)

sekuritas derivatif

c)

reksadana

d)

saham preferen

20.

True or False: If you buy enough different stocks, you can diversify out all risk in the stock market.

a)

True

b)

False

21.

Diversification is good because:

a)

It focuses investments on a single stock to take advantage of growth potential

b)

Interest rates rise and fall

c)

Mutual funds have higher fees than individual stocks

d)

It spreads the risk of investment

22.

A personal investing plan:

a)

Should be prepared every six months by a different financial advisor

b)

Will always have funds from a single mutual fund company

c)

Is a good way to build toward a financial goal

d)

Will focus on small-cap stocks for those people who do not like risk of any kind

23.

Long term investors:

a)

Sit tight through bull markets and bear markets

b)

May adjust their holdings to sell when others are selling and markets are falling

c)

Buy and sell on a daily basis

d)

Always lose money in the long run

24.

A bear market:

a)

Is when people rush to buy stocks, sending prices surging upward

b)

Can be an opportunity for long term investors to buy stocks of well run companies at lower prices

c)

Is when bond prices and interest rates are not as attractive as the growth in the stock market

d)

Happens every year at about the same time, and can be avoided with proper attention to the calendar

25.

Growth stocks:

a)

Are mainly good investments for those who need income from dividends

b)

Are easily identified because they are everyday household names

c)

Are those with a market capitalization of between $2 billion and $200 billion

d)

Require research from an investor, pour most of their income back into growing the business, and have the potential to do very well as part of a portfolio

26.

Market capitalization:

a)

Is the difference between the 10-year high and 10-year low of a stock

b)

Is the total number of outstanding shares of a company's stock multiplied by the stock price

c)

Does not change once you buy a stock

d)

Is $2 billion to $200 billion

27.

A defense stock:

a)

Is part of the manufacturing sector that sells to the Department of Defense

b)

Is the type of stock that holds a steady value, such as an insurance company

c)

Is owned by a company that is currently having a strong downturn

d)

Has a small market captialization

28.

Over about 40 years, your portfolio should probably:

a)

Change from higher-risk to lower-risk investments

b)

Grow equally well in all sectors, or it is a bad financial plan

c)

Sell every holding each year to figure out how well you are doing

d)

Become less and less conservative, increasing in risk from year to year

29.

Your return with a diversified portfolio will:

a)

Be exactly 11.3% every year

b)

Rise and fall, but have less risk than a smaller number of stocks and a smaller number of sectors and asset classes

c)

Fall if a single company in your portfolio goes out of business

d)

Beat absolutely every other investor

30.

True or False: The only risk-free investment is keeping your money in a piggy bank.

a)

True

b)

False

31.

True or False: If you buy enough different stocks, you can diversify out all risk in the stock market.

a)

True

b)

False

32.

Over about 40 years, your portfolio should probably:

a)

Change from higher-risk to lower-risk investments

b)

Sell every holding each year to figure out how well you are doing

c)

Grow equally well in all sectors, or it is a bad financial plan

33.

Your return with a diversified portfolio will:

a)

Be 11% every year

b)

Rise and fall, but have less risk than a smaller number of stocks and a smaller number of sectors and asset classes

c)

Fall if a single company in your portfolio goes out of business

d)

Beat absolutely every other investor

34.

In the years before the stock market crash of 1929, the values of stock soared. Then, the value dropped and stagnated during and after the crash. What could the time before, up to and including the crash be described as?

a)

A bull market followed by a bear market

b)

Neither

c)

A bear market followed by a bull market

35.

Researching investments online can be valuable because:

a)

Because large-cap stocks are less of a household name requiring research

b)

You can find the exact future value of a stock

c)

You will learn the date of the next bull market

d)

You can track stock value trends over time

36.

Interest-earning loans to the government or local municipalities are:

a)

Bonds

b)

Large-cap stocks

c)

Small-cap stocks

37.

A personal investing plan:

a)

Should be prepared every six months by a different financial advisor

b)

Is a good way to build toward a financial goal

c)

Will always have funds from a single mutual fund company

d)

Will focus on small-cap stocks for those people who do not like risk of any kind

38.

You have two equal investments that always have exactly opposite returns. How will your total value of both investments vary over time.

a)

It will go up

b)

It will stay the same

c)

it will go down

39.

Portfolio A is 100% invested in stocks. Portfolio B is 20% in money markets, 30% in bonds, and 50% in stocks. Which is more diversified?

a)

Portfolio A

b)

Portfolio B

40.

In experiment A, you roll one die and multiply the result by 5. In experiment B, you diversify and roll 5 dice and add up the results. Is experiment A or B more likely to give 30 as the result?

a)

A

b)

B

41.

Which of the following risk results from the nature of market risk rather than the nature of market variables?

a)

Interest rate risk

b)

Volatility risk

c)

Commodities risk

42.

Duration is:

a)

The sensitivity of the price of a bond to changes in interest rates

b)

The sensitivity of the price of a bond to changes in the coupon rate

c)

The sensitivity of the price of a bond to changes in time

43.

Which of the following methods of calculating VaR does not make assumptions on the distribution of the risk factors?

a)

Monte Carlo Simulation

b)

Historical Simulation

c)

Variance Covariance

44.

Which area in a financial institution would be responsible for setting the risk appetite?

a)

Senior Management (Board)

b)

Risk Area

c)

Middle office

45.

Expected Shortfall is:

a)

The value of a variable Y that leaves x% of the population of the distribution below (to the left)

b)

The average of the values of the variable Y that fall below the percentile X of a distribution

c)

The difference between the maximum likely loss predicted by VaR and the actual loss a financial institution may incur

46.

Which of the following measures uses the relative changes in the interest rates as an output?

a)

Absolute Sensitivity

b)

Duration

c)

Modified Duration

47.

Which measures we would use to obtain the closest approximation of the change in the price of a bond as a result of changes in interest rates?

a)

Absolute Sensitivity + Convexity

b)

Duration + Modified Duration

c)

Duration + Absolute Sensitivity

48.

Which of the following is the main disadvantage of using Historical Simulation for calculating VaR?

a)

It makes an assumption on the distribution of the risk factors

b)

It does not incorporate ‘fat-tails’

c)

It requires a large amount of historical data

49.

Which methods can manage non-linear risk when calculating VaR?

a)

Monte Carlo and Variance – Covariance

b)

Historical Simulation and Variance-Covariance

c)

Monte Carlo and Historical Simulation

50.

When using Monte Carlo simulation for calculating VaR the common assumption is that the price movements follow a:

a)

Normal Distribution

b)

Chi-squared distribution

c)

Log normal distribution

51.

On January 1, 2016, Michelle Company purchased bonds with face amount of 5,000,000. The entity paid 4,742,000 including transaction cost of 142,000. The bonds mature on December 31, 2018 and pay 6% interest annually on December 31 of each year with 8% effective yield. The bonds are quoted at 105 on December 31, 2016 and 110 on December 31, 2017. The business model in managing the financial asset is to collect contractual cash flows that are solely payments of principal and interest and also to sell the bonds in the open market. What is the interest income for 2017?

a)

300,000

b)

385,709

c)

379,360

d)

392,931

52.

On January 1, 2016, Michelle Company purchased bonds with face amount of 5,000,000. The entity paid 4,742,000 including transaction cost of 142,000. The bonds mature on December 31, 2018 and pay 6% interest annually on December 31 of each year with 8% effective yield. The bonds are quoted at 105 on December 31, 2016 and 110 on December 31, 2017. The business model in managing the financial asset is to collect contractual cash flows that are solely payments of principal and interest and also to sell the bonds in the open market. What cumulative amount of unrealized gain should be reported as component of other comprehensive income in the statement of changes in equity for 2017?

a)

500,000

b)

592,931

c)

164,291

d)

0

53.

On January 1, 2016, Michelle Company purchased bonds with face amount of 5,000,000. The entity paid 4,742,000 including transaction cost of 142,000. The bonds mature on December 31, 2018 and pay 6% interest annually on December 31 of each year with 8% effective yield. The bonds are quoted at 105 on December 31, 2016 and 110 on December 31, 2017. The business model in managing the financial asset is to collect contractual cash flows that are solely payments of principal and interest and also to sell the bonds in the open market. What amount of unrealized gain should be reported as component of other comprehensive income for 2016?

a)

250,000

b)

428,640

c)

400,000

d)

0

54.

On January 1, 2021, Santa Co. acquired 10%, ₱1,000,000 bonds at 92. Commission paid to brokers amounted to ₱9,100. The bonds are classified as investment measured at amortized cost. Principal is due on December 31, 2023 but interest is due annually every December 31. The carrying amount of the investment on January 1, 2021 is most approximately equal to

a)

949,883

b)

973,368

c)

929,100

d)

958,364

e)

938,341

55.

On January 1, 2016, Queen Company purchased bonds with face amount of 5,000,000 for 4,760,000 including transaction cost of 160,000. The business model is to collect contractual cash flows and to sell the financial asset. The bonds mature on December 31, 2018 and pay 10% interest annually on December 31 with a 12% effective yield. The bonds are quoted at 102 on December 31, 2016 and 105 on December 31, 2017. The bonds are sold on June 30, 2018 plus accrued interest. What amount should be recognized as gain on sale of the

bond investment on June 30, 2018?

a)

544,528

b)

250,000

c)

794,528

d)

0

56.

On January 1, 2016, Queen Company purchased bonds with face amount of 5,000,000 for 4,760,000 including transaction cost of 160,000. The business model is to collect contractual cash flows and to sell the financial asset. The bonds mature on December 31, 2018 and pay 10% interest annually on December 31 with a 12% effective yield. The bonds are quoted at 102 on December 31, 2016 and 105 on December 31, 2017. The bonds are sold on June 30, 2018 plus accrued interest. What amount of unrealized gain should be reported as

component of other comprehensive income for 2017?

a)

339,056

b)

70,256

c)

221,200

d)

0

57.

On January 1, 2016, Queen Company purchased bonds with face amount of 5,000,000 for 4,760,000 including transaction cost of 160,000. The business model is to collect contractual cash flows and to sell the financial asset. The bonds mature on December 31, 2018 and pay 10% interest annually on December 31 with a 12% effective yield. The bonds are quoted at 102 on December 31, 2016 and 105 on December 31, 2017. The bonds are sold on June 30, 2018 plus accrued interest. What amount of unrealized gain should be reported as component of other comprehensive income for 2016?

a)

268,800

b)

340,000

c)

100,000

d)

0

58.

On January 1, 2016, Tagbilaran Company purchased bonds with face amount of 2,000,000. The bonds are dated January 1, 2016, and mature on January 1, 2020. The interest on the bonds is 10% payable semi-annually every June 30 and December 31. The prevailing market rate of interest on the bonds is 12%. The present value of 1 at 6% for 8 periods is .63 and the present value of an ordinary annuity of 1 at 6% for 8 periods is 6.21. The present value of 1 at 5% for 8 periods is .68 and the present value of an ordinary annuity of 1 at 5% for 8 periods is 6.46. What is the present value of the bonds on January 1, 2016?

a)

1,881,000

b)

1,360,000

c)

714,000

d)

1,888,000

e)

1,480,000

59.

On July 1, 2016, East Company purchased as a long-term investment 5,000,000 face amount, 8% bonds of Rand Company for 4,615,000 to yield 10% per year. The bonds pay interest semi-annually on January 1 and July 1. On December 31, 2016, What amount should be reported as interest income?

a)

230,750

b)

200,000

c)

4,645,800

d)

30,750

60.

On July 1, 2016, East Company purchased as a long-term investment 5,000,000 face amount, 8% bonds of Rand Company for 4,615,000 to yield 10% per year. The bonds pay interest semi-annually on January 1 and July 1.

On December 31, 2016, what is the carrying amount of the investment in bonds?

a)

4,645,750

b)

200,000

c)

4,645,800

d)

4,845,750

61.

Financial Assets at Amortized Cost are classified as

a)

noncurrent assets

b)

noncurrent liability or assets

c)

part of equity

d)

current liability

62.

In recording a sale of a debt security before maturity date, accrued interest will be received by the seller even though it is not an interest payment date.

a)

True

b)

False

63.

It is a bond that gives the holder the right to exchange the par amount of the bond for ordinary shares of the issuer at some fixed ratio during a particular period.

a)

convertible bond

b)

extendible bond

c)

exchangeable bond

d)

optimus prime bond

64.

Investments in debt securities are generally recorded at

a)

cost including accrued interest.

b)

cost including brokerage and other fees.

c)

maturity value.

d)

maturity value with a separate discount or premium account.

65.

When an investor's accounting period ends on a date that does not coincide with an interest receipt date for bonds held as an investment, the investor must

a)

nominal rate

b)

effective interest rate

c)

stated rate

d)

coupon rate

66.

If the effective interest rate is higher than the nominal rate, there is

a)

discount

b)

loss

c)

premium

d)

gain

67.

The use of the effective-interest method in amortizing bond premiums and discounts results in

a)

a greater amount of interest income over the life of the bond issue than would result from use of the straight-line method

b)

a varying amount being recorded as interest income from period to period

c)

a variable rate of return on the book value of the investment

d)

a smaller amount of interest income over the life of the bond issue than would result from use of the straight-line method

68.

If the acquisition cost of investment in bonds is less than the face amount, there is

a)

discount

b)

loss

c)

premium

d)

gain

Ronde 2 Simulasi UAS PTM

Total questions: 68

Worksheet time: 34mins

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