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Wednesday, November 24, 2010

Mgt411 Online Quiz No. 2

Question # 1 of 15 ( Start time: 05:25:23 AM ) Total Marks: 1 
Which of the following would probably NOT earn an A rating from Standard & Poor's: 
Select correct option: 

30 years bond issued by the U.S. Treasury 
New vegetarian fast-food chain 
90 days T-Bills issued by the U.S. Treasury 
Both 30 years bond and 90 days T-Bills issued by U.S. Treasury

Question # 2 of 15 ( Start time: 05:25:55 AM ) Total Marks: 1 
Time affects the value of which of the following? 
Select correct option: 

Financial Instruments 
Financial Markets 
Financial Institutions 
Central Banks

Question # 3 of 15 ( Start time: 05:26:40 AM ) Total Marks: 1 
Current accounts of commercial bank lies in which money aggregate definition? 
Select correct option: 

Currency 
M1 
M2 
M3

Question # 4 of 15 ( Start time: 05:27:27 AM ) Total Marks: 1 
Debt instruments is categorized on the basis of which one of the following? 
Select correct option: 

Loan maturity period 
Interest rates 
Mode of payment of interest 
Amount of the debt taken

Question # 5 of 15 ( Start time: 05:28:11 AM ) Total Marks: 1 
GDP deflator is called 
Select correct option: 

Retailer price index 

Consumer price index 
Producer price index

None of above

Question # 6 of 15 ( Start time: 05:28:34 AM ) Total Marks: 1 
Sum of all the probabilities should be equal to which one of the following? 
Select correct option: 

Zero 
One 
Two 
Three

Question # 7 of 15 ( Start time: 05:28:59 AM ) Total Marks: 1 
Financial instruments are evolved just as __________. 
Select correct option: 

Currency 
Stock 
Bond 
Commodity

Question # 8 of 15 ( Start time: 05:29:54 AM ) Total Marks: 1 
Which of the following is NOT included in the definition of M1? 
Select correct option: 

Traveler's checks 
Demand deposits 
Currency 
Gold coins issued by treasury

Question # 9 of 15 ( Start time: 05:30:23 AM ) Total Marks: 1 
An increase in the expected inflation shifts the bond supply to the _______. 
Select correct option: 

Right 
Left 
No change 
All of the given options

Question # 10 of 15 ( Start time: 05:30:54 AM ) Total Marks: 1 
According to the rule of 72 for reasonable rates of return, the time it takes to ________ the money will be t =72/i% 
Select correct option: 

Doubles 
Triples 
halves 
3/4 

Question # 11 of 15 ( Start time: 05:31:14 AM ) Total Marks: 1 
Previously financial markets are located in which of the following? 
Select correct option: 

Coffee houses or Taverns 
Stock exchanges 
Bazaar 
Coffee houses and Stock exchanges

Question # 12 of 15 ( Start time: 05:31:32 AM ) Total Marks: 1 
Financial development measured by 
Select correct option: 

M1/GDP 
M2/GDP 
M3/DGP 
All of above

Question # 13 of 15 ( Start time: 05:32:02 AM ) Total Marks: 1 
A zero coupon bond: 
Select correct option: 

Does not pay any coupon payments because the issuer is in default 
Pays coupons only once a year versus the usual twice a year 
Promises a single future payment 
Pays coupons only if the bond price is below face value

Question # 14 of 15 ( Start time: 05:32:30 AM ) Total Marks: 1 
A risk-averse investor will: 
Select correct option: 

Always prefer an investment with a lower expected return 
Always prefer an investment with a certain return to one with the same expected return but any amount of uncertainty 
Always require a certain return 
Always focus exclusively on the expected return

Question # 15 of 15 ( Start time: 05:33:32 AM ) Total Marks: 1 
Which of the following institution take direct deposit from customer and give loan to customer directly? 
Select correct option: 

Zarai Tarkaytee Bank LTD 
Soneri Bank 
Khushali Bank 
Credit union
............
Question # 1 of 15 ( Start time: 05:36:19 AM ) Total Marks: 1 
Financial instruments are evolved just as __________. 
Select correct option: 

Currency 
Stock 
Bond 
Commodity

Question # 2 of 15 ( Start time: 05:36:39 AM ) Total Marks: 1 
A ________ is a promise to make a series of payments on specific future date. 
Select correct option: 

Stock 
Bond 
Loan 
Cheque

Question # 3 of 15 ( Start time: 05:37:03 AM ) Total Marks: 1 
If bond's rating is lower, what will be its price? 
Select correct option: 

Higher 
Lower 
Equal to 
No change

Question # 4 of 15 ( Start time: 05:37:31 AM ) Total Marks: 1 
The Financial Systems makes it easier to trade because it: 
Select correct option: 

Facilitate Payments 
Channels Funds from Savers to Borrowers 
Enables Risk Sharing 
All of the given options

Question # 5 of 15 ( Start time: 05:37:50 AM ) Total Marks: 1 
Debt instruments is categorized on the basis of which one of the following? 
Select correct option: 

Loan maturity period 
Interest rates 
Mode of payment of interest 
Amount of the debt taken

Question # 6 of 15 ( Start time: 05:38:02 AM ) Total Marks: 1 
What is difference between warrant and check? 
Select correct option: 

Check is cleared from bank but warrant is not cleared by bank 
Check is not necessarily pay able on demand but warrant is payable on demand 
Warrant is not necessarily pay able on demand but check is payable on demand 
None of above 

Question # 7 of 15 ( Start time: 05:38:34 AM ) Total Marks: 1 
If YTM equals the coupon rate the price of the bond is ________. 
Select correct option: 

Greater than its face value 
Lower than its face value 
Equals to its face value 
Insufficient information

Question # 8 of 15 ( Start time: 05:38:52 AM ) Total Marks: 1 
What is true relationship between return and risk? 
Select correct option: 

Lower the risk greater the return 
Greater the risk greater the return 
Greater the risk the return will remain constant 
No relationship between them

Question # 9 of 15 ( Start time: 05:39:27 AM ) Total Marks: 1 
Which of the following is the least liquid of all? 
Select correct option: 

Money 
Bonds & stocks 
Lands & buildings 
None of the given options 

Question # 10 of 15 ( Start time: 05:39:44 AM ) Total Marks: 1 
Consumer Price Index (CPI) measures the: 
Select correct option: 

Changes in the quantity 
Changes in the prices 
Changes in the cost 
Changes in the profit

Question # 11 of 15 ( Start time: 05:40:12 AM ) Total Marks: 1 
There is no guarantee that a bond issuer will make the promised payments is known as which one of the following? 
Select correct option: 

Default risk 
Inflation risk 
Interest rate risk 
Systematic risk

Question # 12 of 15 ( Start time: 05:40:43 AM ) Total Marks: 1 
Which one of the following is the narrowest definition of money? 
Select correct option: 


M1 
M2 
M3

Question # 13 of 15 ( Start time: 05:41:54 AM ) Total Marks: 1 
Which is broadly used as money aggregate? 
Select correct option: 

M1 
M2 
M3 
None of Above

Question # 14 of 15 ( Start time: 05:42:23 AM ) Total Marks: 1 
What is the true relationship that exists between default risk and yield? 
Select correct option: 

Higher the default risk, higher the yield 
Lower the default risk, higher the yield 
Higher the default risk yield will remain constant 
Lower the default risk yield will remain constant

Question # 15 of 15 ( Start time: 05:42:49 AM ) Total Marks: 1 
If YTM is less than the coupon rate the price of the bond is ________. 
Select correct option: 

Greater than its face value 
Lower than its face value 
Equals to its face value 
All of the given options
..........
Question # 1 of 15 ( Start time: 05:54:15 AM ) Total Marks: 1 
Home loans and car loans are the example of which one of the following? 
Select correct option: 

Mortgage loans 
Pledge 
Fixed Payment Loans 
Ordinary loan

Question # 2 of 15 ( Start time: 05:54:49 AM ) Total Marks: 1 
What is the true relationship that exists between default risk and yield? 
Select correct option: 

Higher the default risk, higher the yield 
Lower the default risk, higher the yield 
Higher the default risk yield will remain constant 
Lower the default risk yield will remain constant

Question # 3 of 15 ( Start time: 05:56:09 AM ) Total Marks: 1 
Bonds without maturity dates are which of the followings? 
Select correct option: 

Zero coupon bonds 
Coupon securities 
Consols 
Preferred Bonds

Question # 4 of 15 ( Start time: 05:56:45 AM ) Total Marks: 1 
If the annual interest rate is 6%, the price of a 1-year Treasury bill with $100 face value would be: 
Select correct option: 

$94.00 
$94.33 
$95.25 
$96.10

Question # 5 of 15 ( Start time: 05:57:31 AM ) Total Marks: 1 
Sum of all the probabilities should be equal to which one of the following? 
Select correct option: 

Zero 
One 
Two 
Three

Question # 6 of 15 ( Start time: 05:57:45 AM ) Total Marks: 1 
________ is the interest rate at which the present value annual reveneu equals the cost of the investment. 
Select correct option: 

Fixed rate of interest 
Internal rate of return 
Variable rate of interest 
Nominal rate of interest

Question # 7 of 15 ( Start time: 05:58:24 AM ) Total Marks: 1 
The return on the bond is equal to which of the following? 
Select correct option: 

Coupon rate + rate of capital gains 
Current yield + rate of capital gains 
Coupon rate - rate of capital gains 
Current yield - rate of capital gains

Question # 8 of 15 ( Start time: 05:59:02 AM ) Total Marks: 1 
Which of the following is NOT a depository financial institution? 
Select correct option: 

Credit Union 
Savings and Loan 
Commercial bank 
Life Insurance Company 

Question # 9 of 15 ( Start time: 05:59:39 AM ) Total Marks: 1 
The current yield on a $10,000, 5% coupon bond selling for $8,000 is: 
Select correct option: 

5.00% 
6.25% 
7.50% 
8.00%

Question # 10 of 15 ( Start time: 06:00:23 AM ) Total Marks: 1 
A risk-averse investor will: 
Select correct option: 

Always prefer an investment with a lower expected return 
Always prefer an investment with a certain return to one with the same expected return but any amount of uncertainty 
Always require a certain return 
Always focus exclusively on the expected return

Question # 11 of 15 ( Start time: 06:00:38 AM ) Total Marks: 1 
Which is broadly used as money aggregate? 
Select correct option: 

M1 
M2

M3 
None of above

Question # 12 of 15 ( Start time: 06:00:58 AM ) Total Marks: 1 
Which of the following best describes the relationship between Bond prices and yields? 
Select correct option: 

Move together inversely 
Bond yields do not change since the coupon is fixed 
Move together directly 
Are independent of each other

Question # 13 of 15 ( Start time: 06:01:27 AM ) Total Marks: 1 
When the auto manufacturing industry does poorly due to a recession this is an example of: 
Select correct option: 

Idiosyncratic risk 
Systematic risk 
Risk premium 
Unique risk

Question # 14 of 15 ( Start time: 06:01:57 AM ) Total Marks: 1 
Consumer Price Index (CPI) measures the: 
Select correct option: 

Changes in the quantity 
Changes in the prices 
Changes in the cost 
Changes in the profit

Question # 15 of 15 ( Start time: 06:02:09 AM ) Total Marks: 1 
The Financial Systems makes it easier to trade because it: 
Select correct option: 

Facilitate Payments 
Channels Funds from Savers to Borrowers 
Enables Risk Sharing 
All of the given options
.........
Question # 1 of 15 ( Start time: 06:03:35 AM ) Total Marks: 1 
Which one of the following is the procedure of finding out the Present Value (PV)? 
Select correct option: 

Discounting 
Compounding 
Time value of money 
Bond pricing

Question # 2 of 15 ( Start time: 06:04:23 AM ) Total Marks: 1 
The money aggregate M2 includes each of the following EXCEPT: 
Select correct option: 

Small denomination time deposits. 
Retail Money Market Mutual fund shares 
U.S. Treasury bills 
M1

Question # 3 of 15 ( Start time: 06:05:13 AM ) Total Marks: 1 
The Financial Systems makes it easier to trade because it: 
Select correct option: 

Facilitate Payments 
Channels Funds from Savers to Borrowers 
Enables Risk Sharing 
All of the given options

Question # 4 of 15 ( Start time: 06:05:30 AM ) Total Marks: 1 
You receive a check for $100 two years from today. The discounted present value of this $100 is: 
Select correct option: 

$100/(1+i) 
$100*(1+i)2 
$100*(1+i) 
$100/(1+i)2 

Question # 5 of 15 ( Start time: 06:06:37 AM ) Total Marks: 1 
Which one of the following is the narrowest definition of money? 
Select correct option: 


M1 
M2 
M3

Question # 6 of 15 ( Start time: 06:07:20 AM ) Total Marks: 1 
In which of the following bonds we may ignore the default risk? 
Select correct option: 

Privately issued bonds 
Government issued bonds 
Bonds issued by Corporate

All of the given options

Question # 7 of 15 ( Start time: 06:07:47 AM ) Total Marks: 1 
What characteristic of money is not included in securities characteristics 
Select correct option: 

Mean of payment 
Unit of account 
Store of value 
Transfer of risk

Question # 8 of 15 ( Start time: 06:08:38 AM ) Total Marks: 1 
An increase in wealth shifts the demand for bonds to the ________. 
Select correct option: 

Left 
Right 
No change 
All of the given options 

Question # 9 of 15 ( Start time: 06:09:00 AM ) Total Marks: 1 
Which of the following expresses 6.5%? 
Select correct option: 

0.0065 
6.50 
0.650 
0.0650

Question # 10 of 15 ( Start time: 06:09:19 AM ) Total Marks: 1 
If YTM equals the coupon rate the price of the bond is ________. 
Select correct option: 

Greater than its face value 
Lower than its face value 
Equals to its face value 
Insufficient information

Question # 11 of 15 ( Start time: 06:09:34 AM ) Total Marks: 1 
Coupon bonds make the annual payments which are called as _________. 
Select correct option: 

Annual payments 
Fixed payments 
Coupon payments 
Maturity payment

Question # 12 of 15 ( Start time: 06:09:52 AM ) Total Marks: 1 
The bond rating of a security refers to which of the followings? 
Select correct option: 

The size of the coupon payment relative to the face value 
The return a holder is likely to receive 
The likelihood the lender/borrower will be repaid by the borrower/issuer 
The years until the bond matures

Question # 13 of 15 ( Start time: 06:10:17 AM ) Total Marks: 1 
The price of a coupon bond can best be described as: 
Select correct option: 

The present value of the face value 
The future value of the coupon payments and the face value 
The present value of the coupon payments 
Both The present value of the face value and of the coupon payments

Question # 14 of 15 ( Start time: 06:10:49 AM ) Total Marks: 1 
What is true about the relationship between standard deviation and risk? 
Select correct option: 

Greater the standard deviation greater will be the risk 
Greater the standard deviation lower will be the risk 
Greater the standard deviation risk remains the same 
No relation between them

Question # 15 of 15 ( Start time: 06:11:20 AM ) Total Marks: 1 
________ is the interest rate at which the present value annual reveneu equals the cost of the investment. 
Select correct option: 

Fixed rate of interest 
Internal rate of return 
Variable rate of interest 
Nominal rate of interest
.........
Question # 1 of 15 ( Start time: 06:13:57 AM ) Total Marks: 1 
The lowest rating for an investment grade bond assigned by Moody's is: 
Select correct option: 

BBB 
ABB 
Baa 
Aaa

Question # 2 of 15 ( Start time: 06:14:23 AM ) Total Marks: 1 
What is difference between warrant and check? 
Select correct option: 

Check is cleared from bank but warrant is not cleared by bank 
Check is not necessarily pay able on demand but warrant is payable on demand 
Warrant is not necessarily pay able on demand but check is payable on demand 
None of above 

Question # 3 of 15 ( Start time: 06:14:44 AM ) Total Marks: 1 
Which one of the following is a component of wealth that is held in a readily spendable form? 
Select correct option: 

Money 
Bonds 
Stocks 
Income

Question # 4 of 15 ( Start time: 06:15:14 AM ) Total Marks: 1 
Which of the following is the measure of likelihood that an event will occur? 
Select correct option: 

Risk 
Probability 
Frequency 
Outcom

Question # 5 of 15 ( Start time: 06:15:43 AM ) Total Marks: 1 
The price of a coupon bond can best be described as: 
Select correct option: 

The present value of the face value 
The future value of the coupon payments and the face value 
The present value of the coupon payments 
Both The present value of the face value and of the coupon payments

Question # 6 of 15 ( Start time: 06:16:12 AM ) Total Marks: 1 
The interest rate that is involved in ___________ calculation is referred to as discount rate 
Select correct option: 

Present value 
Future value 
Intrinsic value

Discount value

Question # 8 of 15 ( Start time: 06:17:04 AM ) Total Marks: 1 
Which of the following is NOT a depository financial institution? 
Select correct option: 

Credit Union 
Savings and Loan 
Commercial bank 
Life Insurance Company 

Question # 9 of 15 ( Start time: 06:17:32 AM ) Total Marks: 1 
What is true relationship between return and risk? 
Select correct option: 

Lower the risk greater the return 
Greater the risk greater the return 
Greater the risk the return will remain constant 
No relationship between them

Question # 10 of 15 ( Start time: 06:18:17 AM ) Total Marks: 1 
Which of the following best describes the relationship between Bond prices and yields? 
Select correct option: 

Move together inversely 
Bond yields do not change since the coupon is fixed 
Move together directly 
Are independent of each other

Question # 11 of 15 ( Start time: 06:18:48 AM ) Total Marks: 1 
The GDP deflator is calculated as_________. 
Select correct option: 

Nominal GDP/Real GDP *100 
Real GDP/Nominal GDP 
Nominal GDP – Real GDP 
Real GDP – Nominal GDP 

Question # 12 of 15 ( Start time: 06:19:29 AM ) Total Marks: 1 
Which one of the following is the strategy of reducing overall risk by making two investments which are totally independent of each other? 
Select correct option: 

Spreading the risk 
Standard deviation 
Hedging the risk 
Variance

Question # 13 of 15 ( Start time: 06:20:10 AM ) Total Marks: 1 
Diversification is the principle of: 
Select correct option: 

Holding more than one risk at a time 
Reducing the risks we carry to just two 
Creating risk to increase returns 
Eliminating investments from our portfolio that have idiosyncratic risk

Question # 14 of 15 ( Start time: 06:20:57 AM ) Total Marks: 1 
Coupon bonds make the annual payments which are called as _________. 
Select correct option: 

Annual payments 
Fixed payments 
Coupon payments 
Maturity payment

Question # 15 of 15 ( Start time: 06:21:20 AM ) Total Marks: 1 
There is no guarantee that a bond issuer will make the promised payments is known as which one of the following? 
Select correct option: 

Default risk 
Inflation risk 
Interest rate risk 
Systematic risk
............
Question # 1 of 15 ( Start time: 06:25:11 AM ) Total Marks: 1 
Which one of the following is the procedure of finding out the Present Value (PV)? 
Select correct option: 

Discounting 
Compounding 
Time value of money 
Bond pricing

Question # 2 of 15 ( Start time: 06:25:27 AM ) Total Marks: 1 
Financial instruments are evolved just as __________. 
Select correct option: 

Currency 
Stock 
Bond 
Commodity

Question # 3 of 15 ( Start time: 06:25:40 AM ) Total Marks: 1 
An increase in the expected inflation shifts the bond supply to the _______. 
Select correct option: 

Right 
Left 
No change 
All of the given options

Question # 4 of 15 ( Start time: 06:26:00 AM ) Total Marks: 1 
There is no guarantee that a bond issuer will make the promised payments is known as which one of the following? 
Select correct option: 

Default risk 
Inflation risk 
Interest rate risk 
Systematic risk

Question # 5 of 15 ( Start time: 06:26:22 AM ) Total Marks: 1 
Which one of the following is true for financial intermediaries? 
Select correct option: 

Channel funds from savers to borrowers 
Greatly enhance economic efficiency 
Have been an source of many financial innovations 
All of the given options

Question # 6 of 15 ( Start time: 06:26:51 AM ) Total Marks: 1 
Most of the people among us are _________. 
Select correct option: 

Risk lovers 
Risk enhancers 
Risk averse 
Risk tolerating

Question # 7 of 15 ( Start time: 06:27:22 AM ) Total Marks: 1 
Which of the following is the measure of likelihood that an event will occur? 
Select correct option: 

Risk 
Probability 
Frequency 
Outcom

Question # 8 of 15 ( Start time: 06:27:33 AM ) Total Marks: 1 
Which of the following expresses 6.5%? 
Select correct option: 

0.0065 
6.50 
0.650 
0.0650

Question # 9 of 15 ( Start time: 06:27:48 AM ) Total Marks: 1 
According to the rule of 72 for reasonable rates of return, the time it takes to ________ the money will be t =72/i% 
Select correct option: 

Doubles 
Triples 
halves 
3/4 

Question # 10 of 15 ( Start time: 06:28:00 AM ) Total Marks: 1 
Time affects the value of which of the following? 
Select correct option: 

Financial Instruments 
Financial Markets 
Financial Institutions 
Central Banks

Question # 11 of 15 ( Start time: 06:28:20 AM ) Total Marks: 1 
An increase in wealth shifts the demand for bonds to the ________. 
Select correct option: 

Left 
Right 
No change 
All of the given options 

Question # 12 of 15 ( Start time: 06:28:55 AM ) Total Marks: 1 
A business cycle downturn shifts the bond supply to the: 
Select correct option: 

Right 
Left 
No change 
None of the given options

Question # 13 of 15 ( Start time: 06:29:17 AM ) Total Marks: 1 
Stock exchange is an example of: 
Select correct option: 

Financial company 
Financial institution 
Financial market 
Bank

Question # 14 of 15 ( Start time: 06:29:44 AM ) Total Marks: 1 
If YTM is greater than the coupon rate the price of the bond is ________. 
Select correct option: 

Greater than its face value 
Lower than its face value 
Equals to its face value 
All of the given options

Question # 15 of 15 ( Start time: 06:30:28 AM ) Total Marks: 1 
Saving occurs normally in ………. 
Select correct option: 

Early age 
Middle age 
Old age 
None of above
............

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