“QUESTION 1
1. If the securities held by the BlackRock High Yield Bond Portfolio become less liquid this will have a negative effect on the
return of the fund.

True
False
5.55556 points
QUESTION 2
1. If interest rates rise, the value of the
BlackRock High Yield Bond Portfolio will most likely decline.

True
False
5.55556 points
QUESTION 3
1. The BlackRock High Yield Bond Portfolio
invests primarily in non-investment grade bonds with maturities of two years or
less.

True
False
5.55556 points
QUESTION 4
1. Managers of the BlackRock High Yield Bond
Portfolio are able to invest in non-dollar denominated bonds.

True
False
5.55556 points
QUESTION 5
1. The objective of the managers of the Blackrock
Small Cap Growth Equity Fund is to invest in common stock that offer the chance
of short term capital appreciation.

True
False
5.55556 points
QUESTION 6
1. The BlackRock High Yield Bond Portfolio
invests only in bonds that are rated above BBB by Standard and Poors.

True
False
5.55556 points
QUESTION 7
1. As of May 29th, 2015, 1.48% of
the Blackrock Small Cap Growth Equity Funds assets were invested in the common
stock of JetBlue Airways Corp.

True
False
5.55556 points
QUESTION 8
1. Since the financial crisis of 2008 managers of
the BlackRock High Yield Bond Portfolio are not able to invest in
mortgage-backed securities.

True
False
5.55556 points
QUESTION 9
1. The objective of the BlackRock High Yield Bond
Portfolio is to minimize risk and earn a 2% spread above 10 year treasury
securities.

True
False
5.55556 points
QUESTION 10
1. The benchmark index for the Blackrock Small
Cap Growth Equity Fund is the Standard and Poors 500 Index.

True
False
5.55556 points
QUESTION 11
1. Managers of the Blackrock Small Cap Growth
Equity Fund are prohibited from buying shares and then selling the same shares
within a year. In other words high portfolio turnover is prohibited.

True
False
5.55556 points
QUESTION 12
1. Taking into account sales charges the average
annual total return on the Blackrock Small Cap Growth Equity Fund for the last
ten years has been smaller than the funds benchmark.

True
False
5.55556 points
QUESTION 13
1. According to the 2015 Q1 fact sheet for the
Blackrock Small Cap Growth Equity Fund, the fund was more diversified than its
benchmark.

True
False
5.55556 points
QUESTION 14
1. Thirty percent of the assets of the Blackrock
Small Cap Growth Equity Fund are in the technology sector.

True
False
5.55556 points
QUESTION 15
1. The objective of the managers of the Blackrock
Small Cap Growth Equity Fund is to invest in common stock that pays a dividend
yield that is higher than the 30 year yield on BB rated corporate bonds.

True
False
5.55556 points
QUESTION 16
1. Since U.S. Treasury securities are guaranteed
by the government of the United States; a rise in interest rates will not
affect the value of the US Treasury component of the BlackRock High Yield Bond
Portfolio.

True
False
5.55556 points
QUESTION 17
1. As of May 29th, 2015, .78% of the Blackrock
Small Cap Growth Equity Funds assets were invested in the common stock of
SKECHERS U.S.A., INC.

True
False
5.55556 points
QUESTION 18
1. The percent calendar year return (ignoring
sales charges) for the Investor A class shares of the Blackrock Small Cap Growth
Equity Fund was 44.95% in 2013 and 2.11% in 2014.

True
False
QUESTION 11. If the securities held by the BlackRock High
Yield Bond Portfolio become less liquid this will have a negative effect on the
return of the fund. True False5.55556 points QUESTION 21. If interest rates rise, the value of the
BlackRock High Yield Bond Portfolio will most likely decline. True False5.55556 points QUESTION 31. The BlackRock High Yield Bond Portfolio
invests primarily in non-investment grade bonds with maturities of two years or
less. True False5.55556 points QUESTION 41. Managers of the BlackRock High Yield Bond
Portfolio are able to invest in non-dollar denominated bonds. True False5.55556 points QUESTION 51. The objective of the managers of the Blackrock
Small Cap Growth Equity Fund is to invest in common stock that offer the chance
of short term capital appreciation. True False5.55556 points QUESTION 61. The BlackRock High Yield Bond Portfolio
invests only in bonds that are rated above BBB by Standard and Poors. True False5.55556 points QUESTION 71. As of May 29th, 2015, 1.48% of
the Blackrock Small Cap Growth Equity Funds assets were invested in the common
stock of JetBlue Airways Corp. True False5.55556 points QUESTION 81. Since the financial crisis of 2008 managers of
the BlackRock High Yield Bond Portfolio are not able to invest in
mortgage-backed securities. True False5.55556 points QUESTION 91. The objective of the BlackRock High Yield Bond
Portfolio is to minimize risk and earn a 2% spread above 10 year treasury
securities. True False5.55556 points QUESTION 101. The benchmark index for the Blackrock Small
Cap Growth Equity Fund is the Standard and Poors 500 Index. True False5.55556 points QUESTION 111. Managers of the Blackrock Small Cap Growth
Equity Fund are prohibited from buying shares and then selling the same shares
within a year. In other words high portfolio turnover is prohibited. True False5.55556 points QUESTION 121. Taking into account sales charges the average
annual total return on the Blackrock Small Cap Growth Equity Fund for the last
ten years has been smaller than the funds benchmark. True False5.55556 points QUESTION 131. According to the 2015 Q1 fact sheet for the
Blackrock Small Cap Growth Equity Fund, the fund was more diversified than its
benchmark. True False5.55556 points QUESTION 141. Thirty percent of the assets of the Blackrock
Small Cap Growth Equity Fund are in the technology sector. True False5.55556 points QUESTION 151. The objective of the managers of the Blackrock
Small Cap Growth Equity Fund is to invest in common stock that pays a dividend
yield that is higher than the 30 year yield on BB rated corporate bonds. True False5.55556 points QUESTION 161. Since U.S. Treasury securities are guaranteed
by the government of the United States; a rise in interest rates will not
affect the value of the US Treasury component of the BlackRock High Yield Bond
Portfolio. True False5.55556 points QUESTION 171. As of May 29th, 2015, .78% of the Blackrock
Small Cap Growth Equity Funds assets were invested in the common stock of
SKECHERS U.S.A., INC. True False5.55556 points QUESTION 181. The percent calendar year return (ignoring
sales charges) for the Investor A class shares of the Blackrock Small Cap Growth
Equity Fund was 44.95% in 2013 and 2.11% in 2014. True False”