Analysis of CA Final SFM Paper (Nov-2013)
- There must be printing error in two questions. Q-1(c) and Q-6(a) otherwise question does not make any sense. But it is very difficult to students to find it. In my opinion if any one attempted these questions, they will definitely get mark.
- ICAI asked same question in different way. After June-2009, Institute first time tested conceptual knowledge instead of repetitive past exam and RTP questions. Even most of the questions were from past examination question and RTP, institute made it different by inserting some conceptual information.
|
Q No. |
Marks |
Chapter |
Topic |
Level of question |
Our module question number |
|
1(a) |
5 |
Bond mixed with OTC |
Bond Valuation with forward Interest rate. |
Conceptual |
Not covered |
|
1(b) |
5 |
Derivative |
Changing beta of existing portfolio with the help of Index future. |
Easy |
Q. No. - 21A [RTP-June-2009-MAFA] |
|
1(c) |
5 |
FOREX |
Cover rate and Profit and loss |
Easy but printing error (My opinion). Second rate must be “Mumbai-New York” Instead of “London-New York” |
Q. No. - 4C [Nov-2005, May-2013, RTP-June-09] |
|
1(d) |
5 |
Mutual Fund |
Calculation of NAV |
Time consuming and Difficult but it is past exam question. |
Q. No. - 3B [Nov-2006] |
|
2(a) |
8 |
Portfolio |
Based on CAPM |
Easy. Past exam question |
Q. No. – 8G [May-2003] |
|
2(b) |
8 |
Forex mixed with Derivative |
Forward cover and Currency option |
More time consuming. Similar to past exam question but inserted irrelevant quotes of call and put option premium to make question lengthy. |
Q. No. – 22A [May-2010] |
|
3(a) |
10 |
Leasing decision |
Bank financing vs lease financing with installment payment at beginning of year |
Easy |
Q-12 & 13
|
|
3(b) |
6 |
Factoring (Miscellaneous) |
Factoring agreement |
Little bit tough |
Q- 4E & Q-4E [May-2002 & Nov-2008] |
|
4(a) |
8 |
Share valuation |
P/E ratio base Share Valuation with Bonus issue. |
Conceptual |
Not exact but similar concept based question solved in class |
|
4(b) |
8 |
Capital budgeting |
Sensitivity analysis with Marginal costing concept of AMA |
Conceptual |
Similar to 7th series question |
|
5(a) |
10 |
Merger and Acquisition |
Purchase consideration and Valuation of target company |
Conceptual but easy |
Q No-15 |
|
5(b) |
6 |
Derivative |
Hedging with the help of Index future |
Conceptual. Insertion of Sale of security in portfolio makes it little bit difficult due to negative weight and negative beta. |
Q No – 20A |
|
6(a) |
8 |
Dividend decision and share valuation |
Dividend growth approach |
Easy. But printing error in question (My opinion) |
Q. No. – 5N [May-2005 & May-2011] |
|
6(b) |
8 |
Forex |
Investment in different countries to maximize profit |
Conceptual |
Q. No. – 8C |
|
7(b) |
4 |
Forex |
Nostro account and Loro account |
Easy |
Q. No. 12B & 12C |
|
7 |
12 |
Theory |
|
|
|
Total coverage in our module 99 Marks.
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