Birla Institute of Technology and Science, Pilani

Hyderabad Campus

First Semester 2013-14

Functions and working of stock exchanges ECON F422

Test 2

Time: One Hour Date: 8th november,2013 Max Marks: 20

Weightage: 20%
ANSWER ALL THE QUESTIONS .EACH QUESTION CARRIES FIVE(5) MARKS
1. Explain what a mutual fund is and its three tier structure of management.
2. What are open ended mutual funds and close ended mutual funds and the
characteristics that differentiate them
3. Explain what an Exchange Traded fund is and how it differs with a mutual fund and the
advantages/disadvantages compared to a Mutual Fund.
4. Explain the following
 Index fund
 Midcap fund
 Sectorial fund
 Arbitrage fund
 Quant fund