NISM Series XXII: Fixed Income Securities
1 / 50
Deep Discount Bonds are _____________.
2 / 50
Short term debt is issued by private corporates through ______________.
3 / 50
Corporate bond valuation methodology is notified by ___________.
4 / 50
Green Bonds are ___________________.
5 / 50
Good Private Corporates may issue __________ for meeting their short term requirements.
6 / 50
Multiple Price Auction means ____________.
7 / 50
Obligation under bilateral trades in G-Secs is settled at ____________.
8 / 50
Which of the following entity invests in G-Sec market primarily for regulatory reasons?
9 / 50
"When Issued Market" is used for __________.
10 / 50
Which agency is the Manager of Government Debt?
11 / 50
In India, ______ day count convention is followed in Repo Market.
12 / 50
MIBOR is based on ___________.
13 / 50
Banks use Call Money Market for ____________.
14 / 50
The Notice Money Market is typically of _____________ duration.
15 / 50
Money Market is used for _______________.
16 / 50
If the Macaulay Duration is 6.2, Yield of the Bond is 5.8%, Coupon is paid annually and the Convexity of the bond is 65.84, what will be the percentage change in bond price, if the yield falls by 200 bps?
17 / 50
If the Duration of a Bond is 6.4 years, and the coupon is paid every quarter, what would be the Modified Duration of the bond, if the Bond is trading at 7% yield p.a.?
18 / 50
Which of the following is correct for Modified Duration?
19 / 50
Duration can be explained as _________________.
20 / 50
PVBP represents the _____________.
21 / 50
The Liquidity Premium is likely to increase with __________.
22 / 50
The cubic spline is best defined as _____________.
23 / 50
Market segmentation theory depicts that ______________.
24 / 50
Normal yield curve depicts: _________________.
25 / 50
Which of the following is NOT relevant in a Sovereign Yield Curve?
26 / 50
A Bond would receive Rs 6 every six-months for the next 2 years and Rs 100 (face value) at the end of these 2 years as the redemption value. What would be its price, if the market yield has increased by 100 bps after its coupon was decided (when it was issued at Par)?
27 / 50
In which situation the Callable Bonds are likely to be "Called"?
28 / 50
A Bond of face value Rs 100 with 10-year residual maturity, paying 8.2% semi-annual coupon, is currently trading at a yield of 7.80%. What would be its approximate Price?
29 / 50
The Spot Yield is explained as ____________.
30 / 50
The most important assumption of YTM is __________.
31 / 50
What is the Bond Equivalent Yield of a 91-Day Treasury Bill on issuance date with a cut off yield of 5.75%?
32 / 50
A T-Bill with 65 days of remaining maturity is selling at 98.65% of its Face Value. What is the money market yield of the security (follow day convention of Actual/365)?
33 / 50
What will be the PVIF if the required rate is 10% compounded semi-annually for 2 years of maturity?
34 / 50
What will be the closest investment to make today to earn Rs 1,00,000 after 10 years assuming a continuous compound interest rate of 8.62%?
35 / 50
Which instrument is a discounted instrument at the time of its issue?
36 / 50
In an Options contract, the counterparty with an obligation to execute the option is ____.
37 / 50
Which contracts are bilateral agreements in which a party can purchase or sell assets at a certain price on a specific future date?
38 / 50
The easiest way to deal with rising prices is to invest in __________.
39 / 50
______________ is the risk that a foreign government's actions cause a default or an adverse decline in its bond price.
40 / 50
Bond prices behave ________ with interest rates.
41 / 50
Interest on Sovereign Gold Bonds (SGB) is credited ________.
42 / 50
The holders of which of these will be paid last in case of a company's default?
43 / 50
A contract gives the bond holder the right to redeem the bond at a pre-fixed date before maturity. The option embedded in this contract is known as ____________.
44 / 50
The rate of interest paid on the bond is referred to as _______ payment.
45 / 50
Which bonds refer to the debt securities issued by a state to finance its capital expenditure?
46 / 50
What is the average daily balance that a bank is required to maintain with RBI as a notified percentage of its NDTL?
47 / 50
Monetary policy at its core is about determining ____________.
48 / 50
Ratings determine spreads over ________.
49 / 50
A Corporate debt instrument's rating movement from AAA to AA indicates: _________.
50 / 50
Debt securities are often called fixed income securities because ________.
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