SAPM Question Paper 2023 [Dibrugarh University BCom 6th Sem CBCS Question Papers]

In this post we have provided the Dibrugarh University BCom 6th sem CBCS Security Analysis and Portfolio Management Question Paper 2023 PDF, this SAPM Question Paper is Very helpful for upcoming Dibrugarh University 6th sem Exam. So, read this Security Analysis and Portfolio Management Question Paper 2023 for Dibrugarh University BCom 6th sem top to buttom.

2023  

COMMERCE  

(Discipline Specific Elective)  

(For Honours and Non-Honours)  

Paper: DSE-601 (Gr-I)  

(Security Analysis and Portfolio Management)  

Full Marks: 80  

Pass Marks: 32  

Time: 3 hours  

*The figures in the margin indicate full marks for the questions

1. (a) State whether the following statements are True or False: 1x4=4  

(1) A Treasury bill is a money market security.  

(2) Unsystematic risks arise due to inflation.  

(3) Personal income tax is assumed to be nil in Capital Asset Pricing Model.  

(4) Jensen’s model is based on the Capital Asset Pricing Model.  

(b) Fill in the blanks with an appropriate word(s): 1x4=4  

(1) Portfolio is a combination of __________.  

(2) The opportunistic building model is also known as __________ Analysis.  

(3) Systematic risk can be managed by the use of __________ of different companies.  

(4) A benchmark portfolio represents the __________ evaluation standard.  

2. Write short notes on (any four): 4x4=16  

(a) Investment Philosophy  

(b) Intrinsic Value  

(c) Portfolio Management Scheme  

(d) Practical Application of Arbitrage  

(e) Risk and Return Measurement  

3. (a) State the economic and financial meaning of investment. Discuss the factors that differentiate the investor from speculator and gambler. 7+7=14  

Or  

(b) What do you understand by company analysis? Explain the tools available for company analysis. 4+10=14  

4. (a) Do you think that the effect of combining securities can bring about a balanced portfolio? Discuss. 14  

Or  

(b) Define Markowitz diversification theory. Explain the statistical method used by Markowitz to reduce risk. 4+10=14  

5. (a) What are the basic assumptions of Capital Asset Pricing Model? How would you evaluate a security with the help of Capital Asset Pricing Model? 7+7=14  

Or  

(b) What are the basic assumptions behind the Arbitrage Pricing Theory (APT)? Distinguish between Capital Asset Pricing Model and Arbitrage Pricing Theory. 7+7=14  

6. (a) Define portfolio performance evaluation. Discuss Jensen’s Differential Return Model in detail. 4+10=14  

Or  

(b) (1) Discuss the components of performance as provided by E. Fama. 7  

(2) X gives the following information:  

Portfolio

RP

Beta

Rf

A

15

1.2

5%

B

12

0.8

5%

C

15

1.5

5%

D

12

1.0

5%

Calculate the return on portfolio A, B, C and D according to the Jensen’s Performance Index. 7  

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👉 SAPM Question Paper 2022 Dibrugarh University 6th Sem

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