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20 13 Securities Qualification Examination "Securities Investment Fund" Simulation Volume II

A, multiple-choice questions (***60 questions, 0.5 points for each question, score for correct answer, no score for no answer or wrong answer)

1. In Hong Kong Special Administrative Region of China and Britain, securities investment funds are generally called ().

A.*** The same fund

B. Unit trust fund

C. securities investment trust funds

D. Private equity funds

2. The principle for fund holders to gain income and take risks is ().

A. guaranteed income, excess share

B. "Enjoy the benefits and take risks."

C. Realizing benefits and risks according to the "first-in, first-out method"

D. Get risk-free benefits

3. The main determinant of open-end fund price is ().

A. Market supply and demand

B. Market deposit interest rate

C. Net value of fund units

D. face value of fund unit

4. Of the following statements about the nature of contractual securities investment funds, the correct one is ().

A. Securities investment funds belong to creditor's rights contracts or contracts, and the fund managers are fully liable to the holders for repayment of legal debts;

B. The securities investment fund belongs to trust deed, and the fund manager only manages the fund but not the investors, without guaranteeing the fund's rate of return, and the investors have to bear certain risks and expenses.

C. Securities investment funds implement expert financial management, and fund managers have no obligation to disclose information related to fund operation to fund holders.

D the income of securities investment funds mainly comes from dividends, bonuses and interest income from holding securities.

5. At present, China's securities investment funds mainly include ().

A. Corporate funds

B. Contract funds

C. unit trust fund

D. hedge funds

6. In order to ensure the safety of funds, the current income distribution, the long-term growth of funds and income, etc. Securities investment funds pay more attention to the combination of long-term and short-term returns and risks in their portfolios.

A. index funds

B. growth fund

C. income-based funds

D. Balancing funds

7. A country's securities fund issues securities fund shares in other countries and invests the raised funds in its own or third country's securities market. The securities investment fund is ().

A. global funds

B. International funds

C. offshore funds

D. onshore funds

8. The parent fund consists of several sub-funds, and each sub-fund makes investment decisions independently. Investors can switch sub-funds according to their own needs, and the fund that does not have to pay the switching fee is ().

A. index funds

B. Hedge funds

C. Integrated umbrella fund

D. Open-end funds

9. The world's first enterprise open-end investment fund is ().

A. British "Overseas and Colonial Government Trust"

B Fleming's Scottish American Investment Trust

C. Boston "Massachusetts Investment Trust"

D. Magellan Fund

10. The Pilot Measures for Open-end Securities Investment Funds issued by China Securities Regulatory Commission (hereinafter referred to as the Pilot Measures) has greatly promoted the pilot of open-end funds in China, and its release date is ().

A.1997165438+1October 14

B. 1998

C.200018 October

D.200 1 September1day

1 1. The sponsor of a fund management company can be ().

A. Insurance companies

B. Securities companies

C. commercial banks

D. financial consulting company

12. The minimum paid-in capital of the fund management company to be established is ().

10 million yuan

B.1.500 million yuan

2 billion yuan

D.30 billion yuan

13. The paid-in capital of the promoters of the fund management company shall not be less than ().

A. 1 100 million yuan

200 million yuan

About 300 million yuan

400 million yuan

14. The retention period of fund accounting books, statements and records is ().

A. 65438+ over 00 years

B.for more than B.20 years

C. 65438+ more than 5 years

D. More than 5 years

15. The governance structure of fund management companies does not include ().

A. Board of Directors

B. county councils in the midwest and eastern states

C. General meeting of shareholders

D. customers

16. The number of independent directors of a fund management company shall not be less than ().

A.2 people

B.3 people

C.4 people

D.5 people

17. The number of independent directors of a fund management company shall not be less than ().

A. 1/4

B. 1/3

C. 1/2

D. 1/5

18. China's closed-end funds may not be issued at the following prices ().

A. Premium issuance

B. sell at a discount

C. Fair price issuance

D. par value issue

19. According to China's regulations, the duration of closed-end funds shall not be less than () years, and the minimum raised amount shall not be less than () billion yuan:

A. 10，5

b . 5 10

C.5，2

D. 10

20. China's closed-end fund issuance period is ().

A.4 months

B.2 months

About 3 months.

D. 1 month

2 1. China closed-end funds can only be established if the funds raised during the issuance period exceed the approved fund size ();

A: 70%

B.80%

C.90%

D.60%

22. Open-end fund sales organizations do not include ().

A. Commercial banks

B. Insurance companies

C. securities companies

D. guarantee company

23. Fund changes do not include ().

A. Turn closed-end funds into open-end funds

B. Closed-end fund liquidation

C. Closed-end fund raising

D. Renewal of closed-end funds

24. According to the Interim Measures for the Administration of Securities Investment Funds, the shares of listed companies held by the fund shall not exceed the net asset value of the fund ().

A. 10%

B.20%

About 30%

15%

25. The fund clearing account books and related documents are kept by ().

A. Fund custodian

B. Fund sponsors

C. fund managers

D. Fund liquidation team

26. In China, fund sponsors do not include ().

A. Securities companies

B. Trust and investment companies

C. fund management companies

D. financial consulting company

27. In China, the paid-in capital of fund promoters is not less than ().

200 million yuan

B.300 million yuan

About 400 million yuan

D. 1 100 million yuan

28. The guiding principle of securities investment management does not include ().

A. the principle of compliance

B. Principle of good faith

C. principle of reasonableness

D. Principle of investment diversification

29. The operation process of securities investment management does not include ().

A. Setting investment targets

B. Information management

C. Asset allocation

D. Risk management

30. Financial products traded in the money market do not include ().

A. Short-term national debt

B. Corporate bonds

C. Large negotiable certificates of deposit

D. repurchase agreement

3 1. Financial products traded in the capital market do not include ().

A. stocks

B. combination

C. fund securities

D. commercial paper

32. Products traded in the financial futures market include ().

A. Interest rate futures

B. Soybean futures

C. Mung bean futures

D. Forward contracts

33. The transaction cost of securities investment does not include ().

A. Fixed costs

B. Variable costs

C. Labor costs

D. bid-ask spread

34. The transaction cost of securities investment includes ().

A. Implementation costs

B. Information cost

C. Scientific research cost

D. Labor cost

35. The execution cost of securities investment includes ().

A. opportunity cost

B. Market shock cost

C. Risk cost of holding inventory

D. bid-ask spread

36. The method of estimating the fair market price does not include ().

A. Pre-transaction price benchmark

Post-transaction price benchmark

C. average price benchmark

D. Implementing price benchmarks

37. The investment method of the asset manager does not include ().

A. long-term and short-term

B. Dynamic and static

C. Active and passive

D. Systematic and non-systematic decision-making

38. The calculation method of portfolio yield does not include ().

A. Arithmetic average method

B. Time weighting method

C. net cash flow weighted method

D. moving average method

39. Risk measurement indicators do not include ().

A. Standard deviation

B.β value

C. Alpha value

D. determination coefficient

40. The risk adjustment method of investment performance does not include ().

A. Sharp ratio

B. Zhan Sen index

C. Bodie ratio

D. Treynor ratio

4 1. Common performance evaluation benchmarks do not include ().

A. Market index

B. common style index

C. Standardized portfolio

D. Zhan Sen index

42. The source of portfolio excess returns is ().

A. Strategic asset allocation

B. stock selection ability

C. Asset mixing efficiency

D. Asset class income

43. The performance attribution model of portfolio does not include ().

A. Asset mixing efficiency

B. Asset risk management

C. asset class efficiency

D. Efficiency of asset allocation

44. Assuming that the return rate of the portfolio is 20%, the risk-free return rate is 8%, the variance of the portfolio is 9%, and the beta value is 12%, the Sharp ratio of the portfolio is equal to ().

A.0.4

B. 1.00

C.0.6

D.0.2

45. The paid-in capital of the fund custodian shall not be less than ().

600 million yuan

70 billion yuan

80 billion yuan

90 billion yuan

46. The fund account books, accounting statements and records are kept by ():

A. Fund holders

B. Fund sponsors

C. fund managers

D. Fund custodian

47. The subscription rate of open-end funds shall not exceed () of the subscription amount.

Two percent

B.3%

Four percent

4.5%

48. The redemption rate of open-end funds shall not exceed () of the redemption amount.

Two percent

B.3%

Four percent

4.5%

49. Huge redemption means that the net redemption application of the fund exceeds the total share of the fund ().

A. 10%

Nine percent

Eight percent

D.7%

50. Assuming that a fund has total assets of 3.5 billion yuan, total liabilities of 500 million yuan and total fund shares of 3 billion, the unit net value of the fund is ().

A. 1 yuan/share

B. 1. 167 yuan/copy.

C.65438+330,000/serving

D. 1.2 yuan/unit

5 1. The subscription price of open-end funds cannot be ().

A. Net value of fund units

B. Net value of fund unit minus transaction costs

C. Net value of fund unit minus redemption fee

D. Net value of fund unit plus transaction fee

52. Suppose that a fund holds 6,543,800,000, 5,000,000 and 6,543,800,000 copies on a certain day, and the closing price of each share is 30 yuan, 20 yuan and 6,543,800 yuan respectively, the bank deposit is 6,543,800,000 yuan, and the remuneration payable to the trustee or manager is 50,000,000 yuan.

A. 1.09 yuan

B 1.53 yuan

C. 1. 15 yuan

D. 1.35 yuan

53. Non-financial institutions' legal person transaction funds are taxable, including ().

A. Business tax

B. Stamp duty

C. Corporate income tax

D. Personal income tax

54. Which of the following risks can be dispersed through portfolio investment ()?

A. Interest rate risk

B. Inflation risk