WorksheetsMCQ Questions Exam for SAPM
Total questions: 16
Worksheet time: 35mins
Which feature of an investment programme primarily protects an investor against erosion of real value due to rising prices?
Liquidity
Capital growth
Safety
Stability of purchasing power
An investment decision based on comparison of intrinsic value with current market price is most closely associated with:
Technical analysis
Speculation
Fundamental analysis
Arbitrage trading
Which of the following best differentiates investment from speculation?
A. Time horizon
B. Use of borrowed funds
C. Level of market information
D. Primary emphasis on safety of capital
Indirect investing activities mainly differ from direct investing because:
Investors bear no risk
Investors invest only in government securities
Investment decisions are taken by financial intermediaries
Returns are fixed and guaranteed
Which of the following is a titular investment?
Gold jewellery
Land and buildings
Insurance policy
Equity share certificate
6. The capital market primarily deals with:
short-term securities
long-term securities
consumer goods
foreign exchange
Which market provides liquidity and price discovery for already issued securities?
Primary market
New issue market
Money market
Secondary market
Which of the following is not a function of the secondary market?
Liquidity
Investor protection
Price determination
Issue of new securities
The method of floating new issues where shares are offered first to existing shareholders is called:
Offer for sale
Placement
Public issue
Rights issue
Which problem in the new issue market directly affects investor confidence?
Over-capitalization
Functional gap
Inordinate delay in allotment
Risk aversion
According to the Securities Contracts (Regulation) Act, 1956, a stock exchange is primarily an:
A. Informal association of traders
B. Private company
C. Organized body regulating securities trading
D. Government-owned institution
Which body has the power to grant and withdraw recognition of stock exchanges in India?
RBI
SEBI alone
Stock Exchange Governing Board
Central Government
Listing of securities mainly aims to:
Increase speculation
Reduce cost of capital
Ensure liquidity and fair dealings
Avoid corporate disclosure
A jobber differs from a broker mainly because a jobber:
Acts on behalf of clients
Earns brokerage
Trades on own account and earns price spread
Cannot influence prices
Which type of order instructs a broker to buy or sell a security at the best available price?
Limit order
Stop order
Open order
At-best order
Case Study:
Prakash Tech Solutions Ltd.
Prakash Tech Solutions Ltd. is a mid-sized IT services company based in Bengaluru. The company plans to raise long-term funds for expansion into AI-based products. It decides to issue equity shares to the public and later get them listed on a recognized stock exchange. Ramesh, an individual investor with moderate risk appetite, wants stable income, capital appreciation, and liquidity while investing in Prakash Tech shares. He evaluates different investment alternatives and places orders through a registered broker.
What is the primary reason Prakash Tech Solutions Ltd. plans to raise long-term funds?
To expand into AI-based products
To increase employee salaries
To open new offices in Bengaluru
To invest in blockchain technology
How does Prakash Tech Solutions Ltd. plan to raise funds for expansion?
By issuing equity shares to the public
By taking a bank loan
By issuing bonds
By seeking venture capital
What is Ramesh's investment goal while considering Prakash Tech shares?
Stable income, capital appreciation, and liquidity
High risk and high returns
Short-term gains
Tax benefits
Who assists Ramesh in placing orders for Prakash Tech shares?
A registered broker
A financial advisor
A stock exchange employee
A bank representative
Where is Prakash Tech Solutions Ltd. based?
Bengaluru
Mumbai
Delhi
Hyderabad
Ramesh compares the current market price of Prakash Tech shares with the present value of future earnings. This approach helps him determine:
Face Value
Market Capitalization
Intrinsic Value
Book Value
After the public issue, Prakash Tech shares are traded on NSE. The major benefit of this listing to investors is:
Reduction in company risk
Guaranteed dividends
Liquidity and marketability of shares
Elimination of speculation
Ramesh places an order with his broker stating the maximum price he is willing to pay for the shares. This type of order is called:
At Best Order
Stop Order
Open Order
Limit Order
The broker who executes Ramesh’s trade acts as an agent and earns commission, not by price differences. This broker is a:
Jobber
Tarawaniwala
Commission Broker
Authorized Clerk
Prakash Tech shares are admitted for trading only after fulfilling SEBI norms. This process is known as:
Underwriting
Public Issue
Listing of Securities
Dematerialization
