Roll No. ........................

Total Pages : 3
Find the mean return and standard deviation

of the shares.
2673/ML
U-3/2050 3. Discuss the functions of a stock exchange.

Should stock market in India be regulated ?

SECURITY ANALYSIS & PORTFOLIO
MANAGEMENT If yes, why and if no, why not.

Paper–416
4. What is the usefulness of industry analysis

Semester - IV for an investor ? Which factors are generally

considered in industry analysis ?

Time Allowed : 2 Hours] [Maximum Marks : 50

Note : Attempt any four questions. All questions carry 5. Discuss in detail the Dow theory. How can it
equal marks. be used to determine the direction of stock

1. Explain the meaning of investment and various market ?

types of risks in it. How do these risks influence
6. Return on two stocks A and B (%) are shown
the investment decision of a small invester ?
below :
2. Average weekly prices of the shares of a
company are as given below : R A (%) –10 15 18 22 25
Week 1 2 3 4 5 6 7 8 9
R B (%) 5 12 19 15 14
Price (Rs.) 20 21 22 20 19 16 18 24 26

2673/ML/86/W/1210 [P. T. O. 2673/ML/86/W/1210 2

7. Discuss the basic assumptions and mechanism of

CAPM. Also distinguish between SML and CML.

8. Explain the meaning of need for and constraints

in portolio revision.

9. Attempt all parts

(i) Discuss the features and types of debentures.

(ii) What is a stock market index ? Describe the

major indices of Indian stock market.

(iii) Write a detailed note on efficient market

hypothesis.

(iv) Discuss the benefits and risks in international

investment. How is it’s return measured ?

2673/ML/86/W/1210 3