A purely passive strategy is defined as / » Security Analysis and Investment Management solved MCQs / By admin Question: A purely passive strategy is defined as A. One that uses only index funds. B. One that allocates assets in fixed proportions that do not vary with market conditions. C. One that is mean-variance efficient. D. Both A and B. Answer» b. One that allocates assets in fixed proportions that do not vary with market conditions. Note: The above multiple-choice question is for all general and Competitive Exams in India.