FOREX

Q. No. Book Page No. Ambiguity/Important

Average of Spot & Forward has taken to determine
Q-16 22 Premiun
Q-23 30 RTP Sum - V. Important
Q-31 40 Importannt - Complicated, Googly, Shopping
Ambigous solution by ICAI - Netting + Leading &
Q-35 45 Lagging + Cancellation
Slightly Ambigous - Quarterly rest means
Q-53 68 Compounded quarterly
Q-67 92 Ambigous - Language not clear
Q-6 122 Ambigous - Ajab Gajab Sum

Portfolio

Q. No. Book Page No. Ambiguity/Important

Ambigous line - "The existing mkt. price of an euity
share is Rs. 106/-, which is cum 10% bonus debenture
Q-1 1 of Rs. 6 each, per share.

Q-6 8 ICAI has consider Expected dividend yield means E(R')

In this question "we assume that securities given in

Q-7 10 the question comprise market portfolio
Q-11 16 Wrong question from Prof. IM Pandey
Sum has 1 part & power is 3, solve using regression
Q-12 & 5 17 & 7 (Column banake)
Q-18 26 Important
Q-19 29 Important
Q-20 30 Important- RTP Sum
Q-27 44 Important
Q-32 56 Important

Q-45 74 Ambigous - Avergae taken of 2 T-bill rates for Rf.

Q-50 79 Important
Q-52 83 Easy but Important
Q-53 84 Important
V. V. Imp - Part (iii) is ambigous (Ambiguity as per
Q-1 93 CAPM)

Solve question using CAPM and CAGR - To be used

Q-2&14 96&20 when sum has 4 parts or has 1 part but the power is 4
Q-6 104 Important and LDR
Q-8 107 Important
Most important sum has come in exam 25 times -
even in Nov.2019 - sum is fully wrong - Don't search
Q-8,9,15,16 11,13,22,23 for logic - Enjoy the repeatation
 Equity

Q. No. Book Page No. Ambiguity/Important

"Profit for the current year Rs. 64 Lakh" - Only for this
Q-1 1 sum taken as PBT.
Q-2 3 Dangerous sum - LDR
Q-19 31 Important - Part (ii) is totally different
Ambigous Category -3 - "1997- Dream Budget-
Q-14 24 Chidambaram"
Q-16 26 Ambigous sum - category -5
Q-17 28 Ambigous sum - category -4

Ambigous language - "Company pays a dividend" it is

Q-21 35 consider as D1, Important sum also.
Repeatative i.e important but ambigous sum on DDM -
Q-22 37 Category - 1
Repeatative i.e important but ambigous sum on DDM -
Q-28 44 Category - 2
Q-43 62 Easy but Important
Q-45 64 V.V. Important
Q-53 77 Part (iii) is ambigous
Q-55 80 Highly ambigous sum on EVA
Q-56,58 81,83 Extremely bad sum
Q-57 82 V.V. Important
Q-63 88 Best sum on EVA
Q-66 93 Important
Q-72 102 Ambigous sum on ALCAR model
Q-9 121 In Part (iii) Q suddenly change

Q-10,11 1,23,124 Heights of ambiguity - ICAI have assume ROE as RE

Q-13 127 Important
Q-14 129 Important and verg good sum
Q-15 133 2007 - RTP bhayanak sum
Ambigous - In Q. it does not mention the existing
holding of promoter, we have to assume that
Q-20 153 promoter holding is 80%.
Q-21 155 Very conceptual sum on Multi stage DDM

BOND

Q. No. Book Page No. Ambiguity/Important

Ambigous, V.Important- Sum is of IRM - They have
Q-2 158 given Beta of the bond.

Ambigous, V. Important- Sum is of IRM - They have

Q-3 159 use expectation theory for calculating forward rate
Q-18 176 V.V.V Important
Q-22 183 Important
Q-30 198 Part (iii) is important
Ambigous - We have to consider duration for decision
Q-31 201 making

Q-37 211 Ambigous - ICAI has taken Simple average of Duration.

 Derivative

Q. No. Book Page No. Ambiguity/Important

Ambigous - "Annual dividend is 25% per annum
payable before expiry" we don't have convert it into
Q-3,4 2,3 periodic directly apply on face value
Ambigous- In Q it is written as " The beta of the
portfolio is 1.1" , we consider this as beta of SHARE
Q-6 6 portfolio.
Q-7 7 V.V. Imp and good sum
Q-12 15 Very Ambigous language
Q-20 23 Ambigous
Q-21 23 Ambigous
Q-26 29 Ambigous- Part (ii), Imp. , Googly
Q-31 35 Ambigous
Q-36 40 Ambigous
Q-40 45 Extremely Ambigous
Q-48 58 Ambigous
Ambigous- Forward premium is given High/low
instead of deducting ICAI has add in the spot price. We
Q-51 61 can give alternat solution also
Q-53 67 Important
Q-54 68 Important,Danger - Type-1, category -2 sum
V.V. Imp - Only sum in the entire SFM where icai has
Q-55 70 not taken rate as p.a. , Type -1 sum
Q-56 72 V.imp and very difficult

IRM

Q. No. Book Page No. Ambiguity/Important

Q-3 87 Important
Very Ambigous but important (Exam Sum) don't
Q-10 98 search for logic
Very Ambigous but important (Exam Sum) don't
Q-11 100 search for logic
Q-13 103 V. Imp
Q-15 106 V.V Imp
Q-16 108 Non-Icai sum
Q-17 109 Non-Icai sum
Q-2 113 Important
Q-1 111 Very Ambigous but important (RTP Sum)

Mutual Fund
Q. No. Book Page No. Ambiguity/Important
Q-24 226 V V Imp.
 Merger and Acquisition
Q. No. Book Page No. Ambiguity/Important
Q-3 263 Ambigous
Q-4 265 Differential
Q-9 278 Ambigous
Q-16 291 Ambigous - Part (iii)
Q-26 310 Wrong sum but still look at it once
Q-43 344 Ambigous and repeated sum
Q-48 354 Logical and repeated sum
Q-53 364 Good and differntial sum
Q-56 369 Imp.,Easy, differntial sum based on Accounting