2011年证券考试《投资基金》多选真题及答案（In 2011 the securities investment fund s exam Zhenti and answers）

1、2011年证券考试投资基金多选真题及答案（In 2011 the securities investment fund s exam Zhenti and answers）In 2011 the securities investment fund s exam Zhenti and answersHttp:/ release: 2011-09-16 16:33 source: | securities qualification examination network | view: 97Multiple choice questions (each item of L, a total o

2、f 40 points, the following options in two or two or more in line with the subject requirements, multiselect, less choice, not the wrong score)1. in the behavior of a listed company holding securities, the securities investment fund needs to carry out accounting.A. bonusB. bonusC. asset salesD. allot

3、ment2. in accordance with the relevant provisions, in general, the rights of the fund share holders include ().A. surplus fund property distribution rightsB. fund share disposal rightsC. daily investment decision-making powerD. fund investment income right3. the fund property of the fund custodian s

4、hall be kept in safekeeping, including ().Liquidation reserves of the A. fundShares held by the B. fundInterest on bond receivable at the C. fundBank deposits at the D. fund4. parties to the fund contract include ().A. fund share holdersB. fund custodianC. fund managersD. fund sales agent5. the supe

5、rvision of the fund custodians investment operation by the fund custodian mainly includes ().A. fund variety supervisionB. fund investment scope monitoringC. fund investment proportion supervisionD. fund investment strategy oversight6.QD II funds shall not carry out the following acts.A. certificate

6、 of purchase of precious metals or precious metalsB. buying physical goodsC. purchase of real estate and real estate mortgageD. borrows temporary use cash more than 5% of the net asset value of the fund7., the common means of business promotion of securities investment funds are.A. advertising promo

7、tionsB. incentivesC. investor communicationD. sales outlets publicity8., the situation analysis method of asset allocation can be applied to ().A. analysis of the macroeconomic situationB. analysis of the operation of listed companiesC. determine the risk tolerance of investorsD. determine asset cla

8、ss income expectations9. which of the following are the basic management systems of the fund company?.A. risk control systemB. investment management systemC. fund accounting systemD. information disclosure system10. the fund custodian shall review the accounting of the fund manager, including ().Net

9、 asset value of A. fundB. fund positionC. fund feesD. fund account11., at present, the management of information disclosure of funds mainly has ().A. Stock ExchangeB. Securities AssociationC. China Securities Regulatory Commission and its dispatched officesD. peoples Bank of China12. indicators used

10、 to analyze ETF operational efficiency are.A. fold (overflow) price rateB. turnoverC. cost rateD. tracking deviation13., according to the latest uniform regulations of the CSRC in March 2007, the following statement is correct in relation to the subscription fees and share.A. subscription share = su

11、bscription amount / fund par valueB. subscription share = (net subscription share + subscription interest) / fund share par valueC. subscription fee = subscription amount * subscription rateD. subscription fee = net subscription amount * subscription rate14. fund raising information disclosure, incl

12、uding ().A. net asset value and net share announcementB. fund contractC. Fund Quarterly ReportD. fund prospectuses15., for risk averse investors ().A. his indifference curve is a horizontal lineB. his indifference curve is a curve up to the rightC. his indifference curve is a curve downward to the r

13、ightD. his indifference curves do not intersect each other16. market anomalies in stock investment strategies, including ().A. small company effectB. low price earnings ratioC. calendar effectD. follows insider trading activities17. about performance contribution analysis, the following statement is

14、 correct.The purpose of the A. research performance contribution is to break down the overall performance into one component to examine the ability of the fund manager to select in each sectionThe deviation of the actual allocation ratio of B. funds on different asset classes represents a negative c

15、hoice for fund managers in asset allocationC. the difference between the actual weights of the different assets and the normal ratio multiplied by the market index yield of the corresponding asset classes can be used as a measure of the asset allocation capabilityThe actual yield of the D. fund on d

16、ifferent types of assets and the difference in the yield of the corresponding category asset index multiplied by the sum of the actual weights of the fund in the corresponding asset can be used as a measure of the selectivity of the securities18., the key to the benchmark comparison method for fund

17、evaluation is the establishment of an appropriate benchmark portfolio, which can be ().A. industry indexB. composite indexC. style indexD. total market index19., the following statements about the risk of bonds, the correct Yes ().A.s internal operational risks are reflected by the companys operatio

18、nal efficiencyB. when the interest rate is low, the reinvestment yield will be reduced, and the risk of reinvestment will increaseC. because the market interest rate is used as a component of the present discount rate of the bond, the price of securities tends to move forward with the change of the

19、interest rate levelD. unanticipated inflation results in volatility in bond yields, which, in the case of accelerated inflation, will reduce the actual yield of bond investors20. the fund has realized the current income refers to () after deducting the relevant expenses of the balance.A. fund curren

20、t interest incomeB. investment incomeC. fair value change incomeD. current profit21., what is called double low means.A. low turnover rateB. low rate of separationC. low price earnings ratioD. low market rate22., about stock portfolio management basic strategy, the following statement is correct.A.

21、in the efficient market, passive management is the best choiceThe goal of B.s proactive management is to gain beyond the market averageC. if the stock market is an efficient market, it is impossible for investors to obtain more than the market average by looking for mispricing sharesD. if the stock

22、market is an ineffective market, investors can not obtain the above average earnings level by looking for mispricing shares23. when asset allocation is performed, the content of the optimal portfolio is ().A. calculates the risk of asset allocationB. calculates the expected return of a portfolioC. d

23、etermines the degree of correlation between different asset investmentsD. determines the degree of return on investment between different asset investments24. factors that affect investor risk tolerance and earnings requirements usually include ().A. investors ageB. investors investment cycleC. weal

24、th status of investorsThe risk appetite of D. investors25. accounting anomalies are reflected in ().A. price earnings ratioB. net effectC. small company effectD. earnings surprise effect26. as regards the optimal portfolio, the following is true.The A. optimal portfolio is exactly the combination of

25、 the indifference curve cluster and the cut-off point of the efficient boundaryThe B. optimal portfolio is the result of the investors personal preference on the basis of the efficient frontierThe C. optimal portfolio is the lowest location of the indifference curve relative to the other valid combi

26、nationsThe preference of D. investors is reflected by its indifference curve, and the higher the degree of satisfaction is, the lower the location of the indifference curveTwenty-sevenThe purpose of securities investment analysis is ().A. found securities that cost value out of valueB. clear factors

27、 affecting the price volatility of securitiesC. the mechanism of the factors that influence the fluctuation of the securities pricesD. defines the price formation mechanism of securities in certain financial assets determined by portfolio management investment policies28. the following description o

28、f stocks, bonds, funds, risks, returns is correct.The earnings of the A. stock are uncertainB. ordinary shares yield less than the fundC. funds invest more risk than bondsD. securities investment funds yield more than bonds29., China has launched a variety of funds, including ().A.QD II FoundationB.

29、ETF connection fundC. social responsibility fundD. life cycle fund30. the operating costs of the fund include.A. hosting feeB. Trading CommissionC. fund management feeD. marketing service charges based on fund assetsThere is often a tracking error in the yield of 31.ETF and the yield of the tracking

30、 index. The main causes of tracking error are ().A. cash retentionB. fund feesC. fund bonusD. sampling replication32. non tradable transfers of open-end funds mainly include.A. donationB. inheritanceC. for saleD. judicial enforcement33. investment decision making usually includes ().A. responsibilit

31、y of the investment decision CommitteeThe authority of the B. investment decision CommitteeThe basis of C. investment decisionD. decision making methods and procedures34. ways to control credit risk in the inter-bank bond market, including.A. trading mode controlB. trading time controlQuantity contr

32、ol of C. transactionsD. counterparty credit control35. fund sales process control, the fund sales institutions need to develop investor rights notice, its content should include ().A. investment risk tipsB. fund sales organization contact informationC. investors handle the fund business processD. th

33、e power of the fund share holder as stipulated in the Securities Investment Fund Act36. the purpose of the funds financial statement analysis may include ().A. guarantees future high returns and low riskB. reviews past operating performance and investment management capabilities of the fundC. predic

34、ts the future trends of the fund and provides the basis for the investment decisions of the fund investorsD. through the analysis of the funds current asset allocation and portfolio status to understand the funds investment situation37. at present, our country () buy and sell fund difference income,

35、 do not impose business tax.A. bankB. individualsC. non financial institutionsD. non bank financial institutions38. at present, the main types of funds for disclosure of listed trading announcements are ().A.ETFB.LOFC. closed-end fundsD. money market fund39. the sales organization shall submit mater

36、ials to the CSRC within 5 working days from the date of distribution or publication of the materials for promotion and recommendation of the fund, and the materials submitted by the sales office shall include ().A. promotional materialsB. trust bank issued a review of fund performanceC. format and p

37、urpose of promotional materialsCompliance statement issued by inspector general of D. fund management company40., in the fund supervision objective, reducing system risk means ().A. through risk aversion and other measures to completely eliminate riskThe B. requires investors to limit risk to capaci

38、ty and monitor excessive risk behaviorThe C. requires fund managers to meet capital adequacy ratios and certain operating conditions, as well as other prudential requirementsIn the event of a financial crisis in the D. fund management institutions and other related institutions, regulators should tr

39、y to mitigate the impact of the crisis on the market as a wholeReference answers and analysisMultiple-choice questionOneanswer detailed ABD. The behavior of listed companies holding securities refers to all involved changes in the securities and thus the impact of changes in equity fund matters rela

40、ting to the fund holdings of listed companies, including shares, bonus, bonus, allotment and other acts of the company accounting.2. answer detailed ABCD. Peoples Republic of China securities investment fund law provisions of article seventieth, the fund share holders Rights: revenue sharing fund pr

41、operty; the participating in the distribution of surplus of the fund after the transfer of property; in accordance with the law or apply for redemption of fund shares; and in accordance with the requirements of the fund share holders meeting; and the fund share holders meeting to consider matters th

42、e exercise of voting rights; to consult or copy the information disclosure of the fund; and the fund manager and the fund custodian and fund share offering institutions damage the legitimate rights and interests for a lawsuit according to law; the other rights stipulated in the fund contract.3. answ

43、er detailed ABCD. The primary responsibility of the fund custodian is to ensure the safety of the funds assets, and to keep all the assets of the fund independently, completely and safely.4. answer detailed ABC. The three main parties of the Securities Investment Fund (fund investors, fund managers

44、and fund trustees) operate according to the trust relationship. Fund investors, also known as fund share holders or fund beneficiaries, are fund purchase fund units. And become the owners of fund assets, enjoy the rights and obligations of the distribution of the proceeds of investment funds. The re

45、presentative of the promoter or investor assumes the responsibility of the trustee, concentrates the funds in the investors hands, forms a fund aggregate, and then the entrusted administrator manages the entrusted trustee to trust the trustee. In the operation of a fund, the promoter is the client o

46、r trustee, and the trustee and trustee are trustees.5. answer detailed explanation IBC. The main contents of the supervision of fund custodian by fund custodian include 5 contents: 1. Supervision of the scope and object of fund investment. Supervision of the proportion of investment and financing. S

47、upervision of prohibited acts. Supervision of participation in interbank lending market transactions. Supervise the fund managers to choose the deposit banks.6. answer detailed ABC. Except as otherwise provided by the CSRC, the QD II fund shall not undertake the following acts: purchasing real estat

48、e. Buying real estate mortgage. Certificate of purchase of precious metals or precious metals. Buying goods in kind. In addition to the temporary use of redemption, transaction and settlement, cash is borrowed. The proportion of cash involved in the temporary use shall not exceed the l0% of the fund

49、, net assets of the collection plan, and so on.7. answer detailed BCD. Business promotion means sales outlets, incentives, investor exchanges, rate concessions and other means8. answer detailed CD. The situation comprehensive analysis method of asset allocation can be used to determine the risk tole

50、rance of investors and determine the expected income of asset classes.9. answer detailed ABCD. The basic management system of fund companies, including risk control system, management system, investment fund accounting system and information disclosure system, audit system, information technology ma

51、nagement system, financial system, file management system, performance appraisal system and emergency response system.10. answer detailed ABCD. The custodian of the fund managers of the accounting review of the main contents include the fund accounts of the fund positions for review, review, review,

52、 the net assets of the fund fund financial statements for review, the fund expenses and income distribution and review performance data review.11. answer detailed AC. At present, the departments that supervise the disclosure of funds are mainly the CSRC and its local regulatory bureaus and stock exc

53、hanges.12. answer detailed ABCD. Income indicators used to analyze ETF include two levels of market price, yield, net fund yield. The indexes used to analyze the operation efficiency of ETF include fold (excess) price rate, turnover rate, cost rate, tracking deviation and tracking error.Thirteenansw

54、er detailed BD. China Securities Regulatory Commission in March 2007 on subscription fees and share subscription method of uniform provisions, that is, the subscription rate of the fund will be based on the net subscription amount charged. Its formula is:Net subscription amount = subscription amount

55、 (1+ subscription rate).Subscription fee = net subscription amount * subscription rateShare subscription (= net subscription amount + subscription interest), fund share14. answer detailed BD. Information disclosure of fund raising can be divided into initial collection, information disclosure and co

56、ntinuous collection of information disclosure. Among them, the disclosure of information for the first time, including the disclosure of funds, including the fund before the release of the fund contract during the effective disclosure of information. Duration of information disclosure mainly refers

57、to the opening of the fund in the fund contract effective, every 6 months after the disclosure of an updated recruitment prospectuses. The operation of the fund information disclosure time can be estimated in advance, refers to the fund after the commencement of the contract to terminate before the

58、duty of fund information disclosure law regular disclosure of listed transactions, investment fund operation and operating results and other information. The specific items of disclosure shall be the report of the fund share trading announcement, the net asset value and share net value, the annual r

59、eport of the fund, the semi annual report and quarterly reports. The annual reports, semi annual reports and quarterly reports of the fund are also referred to as the regular reports of the fund.15. answer detailed CD. For investors seeking returns and risk averse, the common characteristics of thei

60、r indifference curves are: (1) indifference curves are curves from left to right upward. (2) each investors indifference curve forms a curve cluster that covers the entire plane and does not intersect. (3) a combination of the same indifference curve brings the same level of satisfaction to the inve