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M.B.A. DEGREE EXAMINATION, NOVEMBER/DECEMBER 2010
Elective
BA 9257 — SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT
(Regulation 2009)
Time : Three hours Maximum : 100 Marks
Answer ALL questions
PART A — (10 × 2 = 20 Marks)]
1. What are the three components of an investor’s required rate of return on an investment?
2. Differentiate an investor from speculator.
3. What is reverse book building?
4. Explain the current settlement system in NSE.
5. What is industry life cycle analysis?
6. What are Graham and Dodd’s investor ratios?
7. Differentiate fundamental analysis from technical analysis.
8. Explain the importance of Oscillators in technical analysis.
9. Explain CAPM.
10. How are the portfolios evaluated?


PART B — (5 × 16 = 80 Marks)


11. (a) Explain the steps in portfolio / investment management.
Or
(b) Explain the different types of investment alternatives available for a
common investor.
12. (a) Discuss the trading system in stock exchanges. Mention some of the
recent reforms in the trading system.
Or
(b) Discuss the SEBI’s Guidelines to the share trading.
13. (a) Explain the salient features you will take into account while doing
fundamental analysis.
Or
(b) Explain some of the key ratios that you will be considering before
investing in a stock. Can you depend only on these ratios for making the
decision?
14. (a) What are the important points that you will be taking into account while
doing Technical analysis? Is Technical analysis a substitute for
fundamental analysis? Discuss.
Or
(b) Explain efficient market theory.
15. (a) Explain the various facets of CAPM in detail.
Or
(b) From the given data, evaluate the portfolios using Sharpe, Treynor and
Jensen’s model.
Portfolio A Portfolio B Portfolio C
Return 20% 25% 18%
Beta 1.5 1.6 1.4
Std. Deviation 5% 6% 4%
Market return 12%
Risk free rate 7%

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