2021年投资学题库（最全）(1).doc

Chapter06

CapitalAllocationtoRiskyAssets

MultipleChoiceQuestions

1.Whichofthefollowingstatementsregardingrisk-averseinvestorsistrue?

A.Theyonlycareabouttherateofreturn.

B.Theyacceptinvestmentsthatarefairgames.

C.Theyonlyacceptriskyinvestmentsthatofferriskpremiumsovertherisk-freerate.

D.Theyarewillingtoacceptlowerreturnsandhighrisk.

E.Theyonlycareabouttherateofreturn，andtheyacceptinvestmentsthatarefairgames.

2.Whichofthefollowingstatementsis(are)true?

I)Risk-averseinvestorsrejectinvestmentsthatarefairgames.

II)Risk-neutralinvestorsjudgeriskyinvestmentsonlybytheexpectedreturns.

III)Risk-averseinvestorsjudgeinvestmentsonlybytheirriskiness.

IV)Risk-lovinginvestorswillnotengageinfairgames.

A.Ionly

B.IIonly

C.IandIIonlyD.IIandIIIonly

E.II，III，andIVonly

3.Whichofthefollowingstatementsis(are)false?

I)Risk-averseinvestorsrejectinvestmentsthatarefairgames.

II)Risk-neutralinvestorsjudgeriskyinvestmentsonlybytheexpectedreturns.

III)Risk-averseinvestorsjudgeinvestmentsonlybytheirriskiness.

IV)Risk-lovinginvestorswillnotengageinfairgames.

A.Ionly

B.IIonly

C.IandIIonly

D.IIandIIIonlyE.IIIandIVonly

4.Inthemean-standarddeviationgraphanindifferencecurvehasaslope.

A.negativeB.zero

C.positiveD.vertical

E.cannotbedetermined

5.Inthemean-standarddeviationgraph，whichoneofthefollowingstatementsistrueregardingtheindifferencecurveofarisk-averseinvestor?

A.Itisthelocusofportfoliosthathavethesameexpectedratesofreturnanddifferentstandarddeviations.

B.Itisthelocusofportfoliosthathavethesamestandarddeviationsanddifferentratesofreturn.

C.Itisthelocusofportfoliosthatofferthesameutilityaccordingtoreturnsandstandarddeviations.

D.Itconnectsportfoliosthatofferincreasingutilitiesaccordingto