Question1: Vinod joined on 01/01/90 in ABC Ltd. and retired on 01/01/2007.Employee paid leave encashment of Rs.
4,00,000/-. His last drawn salary is Rs. 25000/-. His last 10 months average salary is 23500/-. He availed 150 days leave during the service. What will be his taxable leave salary amount?
Question2: The holding period return on a stock was 30%. Its ending price was Rs.26 and its cash dividend was Rs.1.50.
Its beginning price must have been __________.
Question3: _______ prospectus were issued in order to test the market before finalizing issue size/ price
Question4: Which of the following is a type of Demand Deposit?
Question5: The Number of foreign Banks operating in India is
Question6: Possession of the mortgaged property is not delivered to the mortgage in ...............
Question7: A Treasury bill pays a 6% rate of return. A risk averse investor __________ invest in a risky portfolio that pays 12% with a probability of 40% or 2% with a probability of 60% because __________.
Question8: Your client Mr. Singhania expressed his intention to write his will in his own handwriting such a will which is wholly in the handwriting of the testator is renown as:
Question9: A trustee commuting a breach of trust not table to pay interest except
Question10: Speculative risk can result in
Question11: An employee benefit plan can generally help in accomplishing all of the following items except:
Question12: To check inflation, RBI should:
Question13: A ..................... mortgage is a mortgage which does not fully amortize over the term of the note thus leaving a balance due at .................
Question14: Preparation of budget of a client is like doing _______________ for a patient
Question15: Which one of the following is correct?
Question16: Commutation of pension up to a limit of _______________ is tax exempt in case the gratuity is also received
Question17: The assessed is charged to income-tax in the assessment year following the previous year:
Question18: Which of the following feature differentiates a commodity futures contract from a financial futures contract?
Question19: Wealth Erosion can happen due to _______
Question20: Azhar aged 30 is a disciplined investor. He has started depositing Rs. 25,000 every year in an account that pays a return of 9% every year. He plans to increase his contribution by Rs. 5000 every year till his age 50.
Calculate the amount he would be having in his account at this age.?
Question21: Which one of the following statements is/are correct?
Question22: Which of the following statement is/are correct?
Question23: Mr. Reddy is 58 years old and has just retired from his company,and have a total retirement benefits of Rs.
29,37,500/-. His life expectancy is 75 years. He has a dream to take a world-trip after 2 years from now with an estimated current price of Rs. 4,00,000/-. He has finalized a flat of Rs. 15,00,000/- for immediate purchase.
Calculate how long his corpus will run if his post retirement living expenses in the beginning of every year is Rs. 1,35,000/- considering inflation @ 4% and rate of return is 6% p.a.?
Question24: Indian Economy has become increasingly integrated with overseas economies because of________
Question25: According to the capital asset pricing model, fairly priced securities have __________.
Question26: What is codicil?
Question27: A Post Office Recurring Deposit account can be prematurely closed after _______ years and ________ interest would be payable on prematurely closed account.
Question28: Initial issue expense in respect of the scheme should not exceed ______ of the funds raised during that scheme
Question29: Dinesh took a housing loan of Rs. 25,00,000/- for 15 years in 2010 at a ROI of 11.75% per annum compounded monthly. Calculate the total interest and principle paid by him in the 2014 and 2016.
A)
B)
C)
D)
Question30: The basic principles of Islamic Finance are.....
Question31: You are considering investing in a following bond:
Your income tax rate is 34 percent and your capital gains tax is effectively 10 percent. Capital gains taxes are paid at the time of maturity on the difference between the purchase price and par value. What is your post-tax approximate yield to maturity on this bond?
Question32: Which of the following are the rights of the beneficiaries?
Question33: Garnishee order is issued by:
Question34: Rajesh needs Rs 1,00,000/- for his son's college fees after 4 years time. What amount shall he invest today for
4 years, so that it becomes Rs. 1,00,000 at maturity if ROI is @ 8% per annum, compounded Half yearly?
Question35: Pure premium and Loss Ratio methods are two methods to determine
Question36: Rakesh owes Rs. 10000 to Haresh who transfers the debt amount to Chirag. Haresh then demands the same from Rakesh, who does not have a notice of the transfer as per section 131 but still pays to Haresh. This payment is invalid &Chirag can sue Rakesh for the debt
Question37: Under a Personal Accident policy Mr. Ajay has taken, what percentage of sum assured he can get if he losses his one eye and one limb in an accident and under which type of benefit?
Question38: Which of the above mentioned could be reduced after appropriate diversification?
Question39: What is not the basic ingredient of a valid trust?
Question40: Solvency ratio is usually __________ in the case of young couples as compared to senior citizens
Question41: Consider two bonds, X and Y. Both bonds presently are selling at their par value of Rs.1000. Each pays interest of Rs.150 annually. Bond X will mature in 6 years while bond Y will mature in 7 years. If the yields to maturity on the two bonds decrease from 15% to 12%:
Question42: Arun started a 20-year term insurance policy. Once established, when, if at all, is the insurer next entitled to ask him for proof of continuing good health?
Question43: Pranoy is entitled to a basic salary of Rs. 5,000 p.m. and dearness allowance of Rs. 1,000 per month, 40% of which forms the part of the retirement benefits. He is also entitled to HRA of Rs. 2,000 p.m. He actually pays Rs. 2,000 p.m. as rent for a house in Delhi. Compute the taxable HRA.
Question44: Which of the following statement is true?
Question45: Stock broker's human capital is _________ to stock market as compared to a school teacher
Question46: A weaker Rupee benefits _____ and hurts _____
Question47: Sujoy has purchased shares of Rs.12500 of common stock in Hindustan Unilever . He has recently sold investment to the tune of Rs.15000 & received Rs 2500 as cash dividends during the holding period of 4 years.
He paid a total of Rs 250 in commissions. What is CAGR on the investment?
Question48: Mr. Rajesh was the owner of an uninsured property. But unfortunetaly the property caught fire because of which he suffered severe financial losses. The reason Mr. Rajesh suffered losses as he did not cover:
Question49: Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called
Question50: Gilt schemes are a type of
Question51: The income of any university or other educational institution existing solely for educational purposes and not for the purposes of profit is exempt under clause (iiiad) of Section 10(23C) if the aggregate annual receipts' of such univer*sity or educational institution do not exceed.
Question52: Customers with good credit rating is eligible for ...............
Question53: A type of trust in which assets are passed down to the grantors grandchildren not the grantors children
Question54: The information about 3 stocks is provided below:
Assuming that the required rate of return on investment is 14%, what maximum price an investor should be willing to pay and Which Stock should he buy?
Question55: Joint account of two or more NRIs are permitted in case of:
Question56: The main purpose of the guaranteed insurability rider benefit is to give the policyholder the right to
Question57: Which of the following are the key issues in retirement planning of service class?
Question58: How many registered offices can a company have ?
Question59: Which of the following is not a business risk?
Question60: Intrinsic value of a stock is
Question61: Ram born in 1950 has a life expectancy at birth of 65 years. Sita his wife born in 1955 has a life expectancy at birth of 70 years. Assuming that the life expectancies have not changed. Ram is planning to buy an annuity to be paid to him or his wife till anyone of them is alive. Assuming Ram will retire on attaining age 58 i.e. in
2008, what should be the time period of the annuity?
Question62: Cash credit is treated as out of order if
Question63: International credit cards can be used by Indians for _________.
Question64: ........................is a gift in the form of a single transfer to the same person of several things of which one is and the others are not burdened by an obligation, the done can take nothing by the gift unless he accepts if fully.
Question65: Which of the following is/are the challenges of Private Banking?
Question66: Which of the following is/are the neccessary contents of a will?
Question67: Wealth Conservation is _____________
Question68: Movement through phases of the business cycle is initiated by shifts in aggregate demand which create fluctuations in GDP. Which combination of the following statement would be the most significant contributor to the upward shift in aggregate demand?
Question69: Which of the following statement is not true?
Question70: BIS handles each of the following, except ________."
Question71: What is the exemption criteria U/S 10(10) (ii) of the IT Act, 1961 for any gratuity received by a seasonal employee?
Question72: Yogesh Jain is a Chartered Accountant by profession and a very disciplined investor he has started investing from today in an account Rs. 1,00,000 every year (beginning of year) and plans to increase his contribution by
10% every year. If the ROI he gets is 15% per annum compounded half yearly calculate the corpus he would be able to accumulate in 25 years.?
Question73: NRO can be opened by a
Question74: If the deceased has two widows, four sons and two daughters then what is the share of each widow
Question75: Sunil submits you the following particulars:
Question76: The market risk premium is defined as ___________
Question77: Which of the following taxes are allowed as deduction while computing the business income?
Question78: Money Laundering:
Question79: Mr.Singhvi is a senior manager in a advertising firm in Mumbai. During the previous year 2011-12, he gets the following emoluments: Basic salary Rs.30, 000 per month, dearness allowance: 10% of basic salary, city compensatory allowance: Rs.300 per month, children education allowance:Rs.500 per month (for 3 children), house rent allowance: 20% of salary (rent paid Rs.2000 per month).
He gets Rs. 21,000 as a reimbursement from his employer in respect of medical expenditure incurred on treatment of his wife in a private clinic. Besides, he gets Rs.12, 400 as reimbursement from the employer in respect of books and journals purchased by him in discharging his official work. He contributes 11% of his salary to statutory provident fund to which a matching contribution is made by the employer. During the year, he spends Rs.15, 000 for maintaining a car for going to the college.
Determine his net income under the head of salaries.
Question80: You are given the following set of data on security XYZ:
Calculate the expected return on security XYZ?
Question81: Cheque truncation refers to the process by which:
Question82: Binoy aged 30 years with a total income is 6,00,000 p.a pays Rs.25000 as LIC premium for a policy of 3 lakhs on his life. He also pays income tax of Rs. 30,000. His retirement age is 65. The self maintenance expenses are
1 lakh p.a. & rate of interest is 6% p.a. Calculate the total amount of insurance requirement under HLV method?
Question83: A security's beta coefficient will be negative if _____________.
Question84: What is a valuation date?
Question85: Which of the following statement is true?
Question86: Girish is 25 years old and plans to retire at 60. His life expectancy is 75 years. Mr. Binoy his CWM® estimates that his client will require Rs. 45,000 in the first month after retirement. Inflation rate is 5% p.a. and the rate of return is 7% p.a. How much she should save every year in order to achieve her post retirement needs?
Question87: The concept of indemnity is based on the key principle that policyholders should be prevented from
Question88: Which of the following statements is/are not true?
Question89: During "Financial Independence" life stage, typical asset allocation should be
Question90: An employee joined in the year 2000 in a sugar mill. After working all the years as a seasonal employee up to the year 2011. He retires with the following monthly salary Basic Salary 2000 / DA 1000/ HRA 500. How much gratuity is payable to him?
Question91: A bond can be issued at premium if
Question92: Defined contribution plans put investment and performance risk on
Question93: If an assessed earns rent from a sub-tenant in respect to tenanted property let out as a residence, the said rent is:
Question94: In case where amount of wealth tax exceeds one hundred thousand rupees rigorous imprison-ment for a term not be less than ............
Question95: Calculate the variance (%2) from the data given below:
Question96: Consider the following information for three mutual funds:
Calculate Jensen measure (%)?
Question97: Under a post office recurring deposit account, loan up to ______ of the deposit may be taken after __________ year and before maturity.
Question98: What do you mean by UberrimaeFidei ?
Question99: For calculating portfolio risk, we need information for which of the following things?
Question100: Mr. Munjal has got her daughters son admitted to a dental college today, where he has to pay a fee of Rs. 1.5 Lac today i.e. at the time of admission. Then Rs. 1.75 lacs after 1 year, Rs. 2.5 lacs after 2 years and Rs. 3.25 lacs after 3 years. He wants to set aside the amount required today itself in the form of a Bank FDR.So how much he needs to put aside today if ROI is 8% for 1 year, 8.5% for 2 years and 9% for 3 years, all compounded Quarterly?
Question101: Which of the following is / are RBI conditions applicable for banks declaring dividends?
Question102: Solatium fund for hit and run accident in motor insurance policy has been created by the Government of India which consists of contributions from Government and General Insurance companies, as below:
Question103: General Insurance business was established in India in
Question104: If one earns 10% on investment but inflation is 2%, real rate of return is
Question105: Lokesh purchased a flat on 1-4-1996 for Rs. 10,00,000/-. He sells the same flat on 1-10-2006 for Rs.
25,00,000/-.As a CWM® calculate the Indexed Cost of Acquisition on which capital gain would be calculated.
(The CII of year 1995-96 is 281, for year 1996-97 is 305, for year 2005-06 is 497 and for year 2006-07 is 519).
Question106: Saurabh Gulati was thinking of acquiring some shares of AB ltd. The expected rate of return is as follows:
Compute the expected return on the investment?
Question107: What is the minimum amount one can deposit in a PPF account in a financial?
Question108: Payment of Gratuity Act 1972 is applicable to
Question109: Post office term deposit can be opened for 10 years
Question110: Fixed Annuity and Variable Annuity respectively provide:
Question111: Trust banks are ____________
Question112: Which of the following measure is most widely used as an indicator of inflation?
Question113: A will that is not valid in India except in the case of privileged wills or in the case of Mahomedans
Question114: Compute Geometric mean return for an investment with the following per period return - 8.9%, 10%, 7.7%,
13%?
Question115: Within how many days prospectus or statement in lieu of prospectus should file with ROC
Question116: The list of managing body needs for be fixed with Registrar of Joint Stock companies
Question117: Difference between coparceners & member is that coparcener can demand partition of an HUF
Question118: Which of following statement is/are true in relation to PPF account?
Question119: Actual Loss ratio is
Question120: An assessee was allowed deduction of unrealized rent to the extent of Rs. 40,000 in the past although the total unrealized rent was Rs. 60,000. He is able to recover from the tenant Rs.45,000 during the previous year on account of such unrealized rent. He shall be liable to tax to the extent of:
Question121: Scholarship received by a student was Rs. 2,000 per month. He spends Rs. 15,000 for meeting the cost of education during the year. The treatment for the balance amount Rs. 9,000 is:
Question122: Which of the following statement is true?
Question123: The legal heir of the deceased who receives family pension is allowed a standard deduction from such family pension received to the extent of:
Question124: What would be the tax liability if tea and snacks are provided in the office after office hours?
Question125: After the satisfaction of insured's claim from the insurer, the insured should pursue in the recovering of rights from the 3rd party.
Question126: A false statement (wrong representation) which is made willfully with an intention to deceive the other party is called:
Question127: In India, the interest rate of a floating rate security is linked to ___________.
Question128: Following is/ are the component(s) of Personal Financial Statements
Question129: An approved superannuation fund must have a minimum of _______ trustees
Question130: Mukesh a 35 years old man is a self employed businessman, engaged in the business of selling medical equipments and plans to retire from his business and hand it over to his children at age of 55, after which he wants to relax and enjoy his retired life. He is now earning around Rs. 4,00,000/- p.a. His life expectancy is another 15 years after retirement. After paying for his expenses he is able to save Rs. 85,000 /- p.a., and regularly invest it in a 6% p.a. investment plan.
Calculate what will be the Mukesh's total accumulation at his retirement? And if he wants to spend 4,00,000/- per year at beginning and dies at the age of 70 and assuming that he leaves behind Rs. 1,00,000/- as estate, what will be the short-fall in corpus?
Question131: Which of the following statement is false?
Question132: To take care of the risks during the foreign travel, Overseas Travel Insurance policy cover provides various other covers, in addition to __________ insurance, such as baggage cover, loss of transport cover, personal accident cover, personal legal liability cover etc.
Question133: Which of the following is not true about traditional defined benefit plans?
Question134: Investment made in a stock 2 years ago is Rs.1250; the current value is Rs.1300. The dividend received at the end of 2nd year is Rs.150. What is the CAGR?
Question135: A trust not created by a will can be revoked only
Question136: Generally speaking, high severity of losses will be accompanied by
Question137: The coverage under a Product Liability policy includes:
Question138: R purchased a house property for Rs. 26,000 on 10-5-1962. He gets the first floor of the house constructed in
1967-68 by spending Rs. 40,000. He died on 12-9-1978. The property is transferred to Mrs. R by his will. Mrs.
R spends Rs. 30,000 and Rs. 26,700 during 1979-80 and 1985-86 respectively for renewals/reconstruction of the property. Mrs. R sells the house property for Rs. 11,50,000 on 15-3-2007, brokerage paid by Mrs. R is Rs.
11,500. The fair market value of the house on 1-4-1981 was Rs. 1,60,000. Find out the amount of capital gain chargeable to tax for the assessment year 2007-08.
Question139: Mr.Tiwari is the sole income earner in the family. Mrs. Tiwari is a homemaker. They are aged 40 and 36 respectively. Life expectancy for both of them is another 40 years. They have no children. Other information you have is:
Current investment portfolio Rs. 20 lakh, Estimated final expenses - Rs. 1 lakh, present annual expenses- Rs 4 lakhs (including 1 lakh MrTiwari's personal expenses), Mr. Tiwari's post tax income in hand is Rs 3.5 lakhs.
Assume a post tax; and post inflation rate, the discounting factor is 4%. Calculate the insurance requirement under the Needs Based Method.
Question140: Pankaj is an employee of a private company in Jabalpur. He draws an amount of Rs 36,000pm as basic salary.
He also receives Rs 8000 as HRA. He has taken a house on rent from 1st October and pays Rs 10,000pm as rent for his house accomodation. What would be the taxable HRA?
Question141: Ratio of loading charge over the gross rate is called _________
Question142: Expenses are 10% of the gross (office) premium. Pure premium is Rs. 200. Calculate office premium.
Question143: How much should one deposit today in a bank account paying interest compounded quarterly if you wish to have Rs. 10000 at the end of 3 months, if the bank pays 5% annually?
Question144: Dividend received by a shareholder from an Indian company the whole of whose income is agricultural income shall be treated as:
Question145: Residential status is to be determined for:
Question146: Highest Credit rating is depicted by symbol
Question147: The effect of money laundering on the financial system is to:
Question148: Rate of interest in post office MIS is
Question149: Compute Geometric mean return for an investment with the following per period return - 8.9%, 10%, 7.7%,
13%?
Question150: The share of a certain stock paid a dividend of Rs.10.00 last year. The dividend is expected to grow at a constant rate of 15 percent in the future. The required rate of return on this stock is considered to be 18 percent. How much should this stock sell for now? Assuming that the expected growth rate and required rate of return remain the same, at what price should the stock sell 4 years hence?
Question151: Mentioned below is the information regarding three mutual funds - Reliance, TATA, SBI and the Market Index.
The Risk free return rate is 5%. Calculate the Jensen Measure of RELIANCE, TATA, & SBI Fund.
Question152: Cash credit is treated as out of order if ____________.
Question153: Under Car loan overdraft scheme, borrower will not be eligible for:
Question154: Which assets are totally except from wealth tax?
Question155: Suppose there is Portfolio "P" available for investment in the market which has a correlation with the market of 0.70.
What portion of the risk of the portfolio can be eliminated through diversification?
Question156: Which of the following is not a part of scheduled banking structure in India?
Question157: Which of the following is not true?
Question158: Mutual funds in India are required by SEBI to
Question159: Rahul had invested in an open ended Mutual Fund when the NAV of the fund was Rs. 10. After 6 months the NAV was Rs. 12. Calculate the annualized percentage change in the fund ignoring all charges.
Question160: BCSBI Stands for
Question161: What is 'Gharar'
Question162: Mr. Chopra runs a Garment Factory, he is very concerned about his retirement and wants you to help him out in planning for it. His Current annual expenses are Rs. 12,00,000 which would be rising at an annual rate of
8% pre- retirement and 2% post retirement. His current age is 50 years and he wants to work till the age of 65.
The expected life expectancy in his family is 75 years. Calculate the monthly contribution he must make till his retirement if the pre- retirement returns are 12% p.a. compounded monthly and post-retirement returns are
8% pea compounded annually.?
Question163: "At the money" option will generate
Question164: The use of P/E ratios to select stocks suggests that
Question165: In the context of Organizational Models of banks in Wealth Management, a model in which Private Banking acts as a peripheral add-on to the core investment banking business is termed as:
Question166: Which annuity provides for regular payments, which stop on the first death among of the covered lives?
Question167: Which of the items would affect the net worth of the client?
Question168: As a CWM® you recommended Mr. Raj Malhotra to put his money in Asset A offering 15% annual return with a standard deviation of 10%, and balance funds in asset B offering a 9% annual return with a standard deviation of 8%. Assume the coefficient of correlation between the returns on assets A and B is 0.50. Calculate the expected return after 1 year and standard deviation of Mr. Raj Malhotra's portfolio
Question169: A Bank is under a statutory obligations to honor its consumer's Cheque vide
Question170: 
Which one of the above statements is/are correct?
Question171: Dividend per share of Books Ltd. is 2 and required rate of return is 10%. Calculate the value of share of Books Ltd.
Question172: Speculators
Question173: A budget deficit leads to a shortfall in domestic savings relative to investment because
Question174: Pure premium is Rs. 5000. Expenses are 20% of the gross (office) premium. Office premium is
Question175: In case of life insurance insurable interest should exist at the time of
Question176: Any income chargeable under the based "Salaries" is exempt from tax under Section 10(6)(viii), if it is received by any non resident individual as remuneration for services rendered in connection with his employment in a foreign ship where his total stay in India does not exceed a period days in that previous year.
Question177: The facility of mini-statement is available to customers __________
Question178: In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made
Question179: A portfolio consists of 50% of investment 'R' that earned 10%, 25% of investment 'S' that earned 6% and
25% of investment 'T' that earned 9%. Compute the weighted average return?
Question180: International Development Association is an agency of _____
Question181: In case of an individual and HUF cash in hand in excess of ............... shall be included in assets
Question182: "This is the "crowding out" theory: Increased government borrowing crowds household and business investment out of limited savings, driving up _______, but not raising total demand." Fill in the blank.
Question183: Receipts from TV serial shooting in farm house is __________________
Question184: What is the minimum age required to avail the Benefits provided under the golden hand shake scheme?
Question185: The act of contravening the object clause is called as:
Question186: Which of the following is controlled under monetary policy?
Question187: Which of the following is true of mortgage?
Question188: Unabsorbed depreciation can be carried forward for ____________.
Question189: Money kept in current account normally earns
Question190: A maximum of _____% of the issue would be allotted to one single QIB
Question191: An AMC must explain the adverse variation between its expense estimates for the scheme on offer and actual expenses for past schemes in________
Question192: If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure is
Question193: Mr.Rajesh ,35 years old sole business consultant of "Oriental Decor Import"California , USA. He arranges Indian Handicraft Products in India as per "Oriental Decor Import" orders. He earns 5% commission on goods purchased by "Oriental Decor Import". The "Oriental Decor Import" has invited him in USA for inauguration of their 21 chain stores In USA and Europe and he has to expect to say long for providing Indian Handicraft Product Training to all staffs of the Company working in different chain stores. As a Chartered Wealth Manager he comes to you to plan his journey in such a manner so that he can get maximum tax benefits in the assessment Year 2010-11 from the residential status point of view. In the year 2008-09 was present in India only 80 days. What is the latest date when he can afford to leave India to get maximum tax benefits in the said assessment year?
Question194: Financial markets have the basic function of
Question195: Which of the following statement is correct?
Question196: Bond price is inversely related to yields
Question197: What is the future value of Rs. 5000 at the end of 5 years at 8% compounded annually?
Question198: Ram deposits Rs. 12,500 in an account that pays a ROI of 20% pea compounded annually on 5th. Of March
2010. Calculate the date on which the balance in his account would be Rs.35,338/-.
Question199: In "Teenage Years" life stage, one learns about ___________
Question200: Mr. M is an area manager of M/s Allwin Ltd. During the financial year 2007-08, he gets the following emoluments from his employer:
Compute taxable salary of Mr. M for the Assessment year 2008-09.
Question201: X furnishes the following particulars for the compilation of his wealth-tax return for assessment year 2012-13.
Question202: Under which of the following steps does the wealth manager develops a SWOT chart for the client
Question203: Investment made in a stock 2 years ago is Rs. 175; the current value is Rs. 250. The dividend received at the end of 2nd year is Rs. 40. What is the CAGR?
Question204: Which of the following are non-fund faced facilities?
Question205: Mr. Bharat sees a stock with a beta of 1.2 selling for Rs. 25 and price will move up to Rs. 31 by the end of the year. The risk free rate is 6% and the expected market return is 15 %. In this scenario Mr. Bharat would like to know whether the stock is _____________ and so should ___________.
Question206: What is the prudent practice for parking emergency fund for a working young couple?
Question207: GDP at factor cost is equal to ________
Question208: A Foreign Bank is one
Question209: Which one of the following is/are correct?
Question210: Which of the following is not a characteristic of defined benefit plan?
Question211: Financial Independence usually occurs between _______
Question212: The punishment of imprisonment for dishonour of cheques could extend up to:
Question213: Fiscal Policy controls.....
Question214: Financial goals must be SMART. SMART stands for _________________
Question215: Which of the following determines the exchange rate?
Question216: Which one of the following is/are correct?
Question217: Which of the following are the necessary contents of a will?
Question218: Risk that can be eliminated through diversification is called ______ risk.
Question219: Which of the following statements in reference to REPO Rate is/are correct?
Question220: A public trust is created for the benefit of
Question221: Find Beta of security X if expected market premium is 15%, risk free return is 7% and expected return of security X is 20%?
Question222: Deduction under section 80C shall be allowed:
Question223: Amit an industrialist wants to buy a flat in a housing society presently costing Rs. 35,00,000/- after 6 years.
The cost of the house is expected to increase by 15% pea for the first 3 years and by 10% in the remaining years. Amit wants to start a SIP with monthly contributions in Birla Front Line Equity Mutual Fund to pay for the down payment of the house which would be 25% of the house value at that time. You as a CWM expect that the fund would give ROI of 14% p.a. compounded monthly in the next 10 years. Please advise Amit the monthly SIP amount starting at the beginning of every month for the next 6 years to fulfill his goal of buying the Flat he desires.
Question224: Which of the following is/are not the statutory objectives of Financial Service Authority(FSA) of UK?
Question225: "During the PY 2009-10 a Poonawala Charitable Trust earned an income of Rs. 7 lakh out of which Rs.5 lakh was received during the PY 2009-10 and the balance Rs. 2 lakh was received during the PY 2011-2012.In order to claim full exemption of Rs. 7 lakh in the PY 2009-10:
Question226: Equity Financing
Question227: Sunil, aged 33 years, is having a policy of Rs. 1 Lac sum assured and is paying premium of Rs. 1,800/- for the last 10 years. The cash surrender value of this policy is at the end of previous year was Rs. 20,000. It is estimated that by this year end, the cash surrender value of this policy would be Rs. 22,900.
There is another term insurance of sum assured of Rs. 80,000 costs Rs. 300/- per annum which is available to him . If rate of interest is 6%, then first calculate the CPT of existing and new policy respectively and then advise Sunil if it is better to continue this policy or to discontinue it?
Question228: During "Teen age years" life stage, typical asset allocation should be
Question229: Which of the following statements with regard to Human Capital is/are correct?
Question230: Vikash owns a piece of land situated in Delhi ( Date of acquisition : March 1, 1983, Cost of acquisition Rs.
20,000/- value adopted by Stamp duty authority at the time of purchase Rs. 45,000/-) On March 30, 2012 the piece of land is transferred for 4 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is 5.60 lakh. And X does not challenges it under the Stamp Act. However, he claims before the Assessing Officer that Rs. 5.60 lakh is more than the fair market value of the land. The assessing Officer refers it to the valuation Officer who determines Rs. 5.25 lakh as fair market value. [CII-12-13:
852,11-12: 785,10-11:711]
Question231: Open-ended funds have
Question232: Concept of final pay is a feature of
Question233: Financial Gerontology tries to assess client needs based on __________
Question234: _______ is an unconditional written order to pay money.
Question235: Minimum number of independent directors on the board of Asset Management Company is
Question236: The markets for funds traded in currencies other than the currency of the trading country are referred to as
Question237: Which of the following statements is/ are correct?
Question238: If any person has escaped assessment for any assessment year in respect of wealth tax no action shall be taken after the expiry of.........
Question239: What will be the length of service of Sahil u/s 10(10) (ii) of the IT Act, 1961, if his difference between date of retirement and date of joining is as per detail given below ?
Question240: A 12 year annual annuity of Rs. 10000 will begin 8 years hence (the first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 percent?
Question241: For making a personal financial statement for a client, the optimum cash levels would be
Question242: Dharampal has let out his house property at monthly rate of Rs. 12000. He has paid Rs.3500 as annual municipal tax. He wants to know the Net Annual value of his house at Bhuj for AY 2011-12. The Municipal value of the house is Rs. 90,000, Fair rent Rs. 1,40,000, Standard rent Rs. 1,20,000. The house was vacant for one month during the previous year 2010-11 and the rent has not changed since then.
Question243: Which of the following is a reasonable assumption to make about the understanding of a client on the Wealth planning Process?
Question244: NRE stands for
Question245: Fixed exchange-rate systems maintained by a gold standard have difficulty achieving equilibrium if
Question246: PPF is a
Question247: The Basel Committee has defined gross income as net interest income and plus net non-interest income and has allowed each relevant national supervisor to define gross income in accordance with the prevailing accounting practices. Accordingly the Reserve Bank of India in the draft guidelines issued on 11.03.2005 for implementation of the new capital adequacy framework has modified the Gross Income definition slightly.
The Net Interest Income has been replaced by
Question248: You bought a stock for Rs. 20 and sold it for Rs. 59.72 after six years. What was the annual rate of return?
Question249: Mukul purchased a flat on 1-4-1996 for Rs. 10,00,000/-. He sells the same flat on 1-10-2006 for Rs.
25,00,000/-. Please calculate the Indexed Cost of Acquisition on which capital gain would be calculated. (The CII of year 1995-96 is 281, for year 1996-97 is 305, for year 2005-06 is 497 and for year 2006-07 is 519).
Question250: For higher per capita GDP........
Question251: Mathematically the Efficient Frontier is the intersection of the Set of Portfolios with ........ Variance and the Set of Portfolios with ....... Return.
Question252: Trading horizon is ______________
Question253: In .....................without delivery possession of the mortgaged property, there mortgager binds himself personally to pay the mortgage money
Question254: Mr. Kadam is entitled to a salary of Rs. 25000 per month. He is given an option by his employer either to take house rent allowance or a rent free accommodation which is owned by the company. The HRA amount payable was Rs. 5000 per month. The rent for the hired accommodation was Rs. 6000 per month at New Delhi. Advice Mr. Kadam whether it would be beneficial for him to avail HRA or Rent Free Accommodation.
Give your advice on the basis of "Net Take Home Cash benefits".
Question255: Which of the following transaction /transactions is/are an example of the Layering Stage of Money Laundering?
Question256: Consider the following information for three stocks, Stock A, Stock B, and Stock C.
The returns on each of the three stocks are positively correlated, but they are not perfectly correlated.
Portfolio X has half of its funds invested in Stock A and half invested in Stock B.
Portfolio Y has invested its funds equally in each of the three stocks. The risk-free rate is 5%, and the market is in equilibrium.
Which of the following statements is/are correct?
Question257: Which of the following is/are the incorrect pairing in the history of exchange rate regime?
Question258: What is the present value of the following cash flows,if the Interest rate is 8%?
Question259: Which of the following is not true in respect of the conditions essential for taxing income under the head income from House Property?
Question260: Default risk is
Question261: The liability of members if company is limited by guarantee.
Question262: The returns on Stock A and Stock B have a correlation coefficient of -1. When the price of Stock A appreciates by 12%, how will Stock B's price perform?
Question263: "Between the four items - Deposits; Borrowings; Reserves & Surplus; and Capital, which would appear last in the balance sheet of a bank?"
Question264: Diversification is most effective when the returns on securities are:
Question265: How many sections are there in Householder's Insurance Policy?
Question266: Mr. M by a Gift deed transferred certain property to her daughter, with a direction that daughter should pay an annuity to Mr. M's brother, as had been done by Mr. M. On the same day, the daughter executed a deed in writing in favour of Mr. M's brother, agreeing to pay annuity. Afterwards, she declined to fulfil her promise saying that no consideration had moved from her uncle. Which of the following statements is correct'?
Question267: The registration of a charitable trust can be cancelled under Section 12AA of the Income-tax Act, 1961 by -'
Question268: A trust is extinguished if
Question269: A portfolio consists of 50% of investment 'X' that earned 15%, 25% of investment 'Y' that earned 8% and
25% of investment 'Z' that earned 11%. Compute the weighted average return?
Question270: If the proposer does not disclose fully all the material facts at the time of Proposal the principle violated
Question271: Nomination in gratuity can be done in favor of
Question272: Merton's theory is ___________
Question273: The Portfolio consists of two securities, X and Y in the ratio of 70:30. Given that
and covariance between them is 16%, what is the portfolio risk?
Question274: Deduction u/s 80U in case of permanent physical disability (including blindness) allowed to:
Question275: What is the present value of the following cash flows, if the Interest rate is 8%?
Question276: The organization which was established in year 1956 to provide various forms of financing without soverign guarantees, primarily to the private sector is:
Question277: 
Is the Z Ltd. efficiently priced according to the CAPM by taking the above information?
Question278: What is the interest rate corresponding to a discount rate of 10%?
Question279: You are considering investing Rs 1,500 at an interest rate of 5% compounded annually for 2 years or investing the Rs1,500 at 7% per year simple interest rate for 2 years. Which option is better?
Question280: Jignesh is 23 years old and plans to retire at 60. His life expectancy is 70 years. You being his CWM® estimate that his client will require Rs. 40,000/- in the first month after retirement. Inflation rate is 5% p.a. and the rate of return is 7% p.a. Currently Jignesh has investment of Rs. 50,000/- @ 7% rate of interest. What will be the extra savings per month at begin required in order to achieve this?
Question281: Family Offices provide _____________
Question282: A mutual fund that invests in Indian Equities, foreign equities, Indian Corporate Bonds, Indian Government Gilts is subject to the following risks?
Question283: When Government spends more than what it earns, the difference is called...............
Question284: The operatives Guidelines for Banks on Mobile Transactions in India were issued
Question285: You are considering investing in following bond:
Your income tax rate is 34 percent and your capital gains tax is effectively 10 percent. Capital gains taxes are paid at the time of maturity on the difference between the purchase price and par value. What is your approximate post-tax yield to maturity on this bond?
Question286: Government has changed certain industries related regulation in Parliament, it is an example of:
Question287: Total Domestic Income is equal to _______
Question288: What is 'Ijarah'?
Question289: For a "single income family" priority is on
Question290: What is the most essential characteristic to be in existence at the stage of establishing client relationship?
Question291: In ULIP plans, the returns are dependent on in which the investments are done by the insurance company
Question292: Once the child reaches the vesting age, i.e. the age when the life assurance commences, he or she can claim cash option i.e. he can opt to receive the premium amount paid so far under the policy in case the policy is discontinued. This is possible under:
Question293: Payback period is
Question294: An HUF consisted of a father, who is a widower, his three sons and a daughter. On death of the father what will the share of each of his sons?
Question295: Manjeet, aged 33 years, is having a policy of Rs. 1 Lac sum assured and is paying premium of Rs. 1,800/- for the last 10 years. The cash surrender value of this policy is at the end of previous year was Rs. 20,000. It is estimated that by this year end, the cash surrender value of this policy would be Rs. 22,900. New term insurance of sum assured of Rs. 80,000 costs Rs. 300/- per annum today as per Manjeet's age. If rate of interest is 6% then please advise Manjeet if it is better to continue this policy or to discontinue it?
Question296: What is Market Risk Premium?
Question297: Ram purchased a house in Mumbai in March 2000 for Rs.3,50,000. In April,2011 he entered into an agreement to sell the property to Shyam for a consideration of Rs.19,75,000 and received earnest money of Rs.5,00,000. As per the terms of the agreement, the balance payment was to be made within 30 days of the agreement. If the intending purchaser does not make the payment within 30 days, the earnest money would be forfeited. As Shyam could not make the payment within the stipulated time the amount of Rs.5,00,000 was forfeited by Ram.
Which of the following statement is correct in respect of the above problem? [CII-12-13: 852,11-12:
785,10-11:711,84-85: 125]
Question298: Calculate current liability from the following information.
Current ratio is 1.5 and current assets are worth Rs.250
Question299: You own 3 scripts with their market value at Start of year end of year (3rd) total growth.
Calculate the CAGR of portfolio.
Question300: Ram is working in Rashid Enterprises, a proprietorship firm.During his working hours Ram was injured seriously. Due to this injury Ram was hospitalized for six months. Ram is the only bread winner of his family.
Ms. Rashid, the proprietor of Rashid Enterprises is liable to pay damages to Ram. Under which of the following policy Rashid can protect himself from this liability?
Question301: What do you mean by 'Mortgage'?
Question302: If there is a loss under the head Income from House property, can it be adjusted against other income under any other Head?
Question303: NSSO stands for ____________
Question304: Mayank an investor buys one share of stock for Rs.500 at the beginning of the first year, and buys another share for Rs.550 at the end of the first year. The investor earns Re.10/- in dividends in the first year and Re.20/- in the second year. What is the time-weighted rate of return if the shares are sold at the end of the second year for Rs.650/- each?
Question305: The cheapest form of life insurance which provides risk cover in the event of % death of policy holder during policy term is
Question306: Mr. Shikar wants to invest his savings in an account that pays an interest rate of 9.25% p.a. compounded annually at different ages of his son whose current age is 4 years. Please calculate for him the Future Value of these investments when his son turns 18.
Question307: What amount needs to be deposited today in an account that would pay Rs. 1,10,000 per year for the first 10 years and Rs. 2,25,000 for the next 5 years. If the ROI for the first 10 years if 10.75 % p.a. compounded annually and 13% p.a. compounded quarterly for the balance period.?
Question308: A bank that handles affairs of another bank which has no legal standing in the jurisdiction is called
Question309: Ankur Kalra is 33 years old finance professional. The house hold expenditure of Mr. Kalra is 20,000/- p.m. to maintain his current living standard. He assumes that his living standard will increase 1.5% annually until his retirement at 60. His life expectancy is 70 years. At retirement he needs 75% of his last year's expenses.
Inflation rate for the next 45 years is expected to be 4% p.a.
Calculate how much would Mr. Kalra require in the first year after his retirement, and how much he has to save at end of every year to accumulate this corpus, if the return on investment is 7% p.a.?
Question310: Mr. Neeraj Gupta wants to withdraw Rs. 50,000 per quarter form an account after 3 years for 6 years. How much should he deposit in this account today if the ROI is 12% p.a. compounded quarterly.?
Question311: Which of the following statement is true in relation to life expectancy?
Question312: Mr. Shyam has a portfolio consisting of two stocks A & B. Stock A has a standard deviation of 5 % while stock B has a standard deviation of 15%. Stock A comprises 40% of the portfolio and Stock B consists of
60%. If the correlation of returns of A& B is .5, the variance of return on the portfolio is _________.
Question313: Which of the following statements are correct?
Question314: Which of the following is/are the different kinds of amortization?
Question315: When bondholder pays more than par value to acquire bond, then
Question316: Vehicle finance is made cheaper through _________.
Question317: Which of the following is not correct in relation to ETFs?
Question318: The minimum service required for entitlement to payment of gratuity under the Act, in case of an employee leaving service by death or incapacitation is
Question319: In which year can the subscriber to a PPF account take the first loan from the opening of the account?
Question320: Balance on current account + balance of capital account + balance on reserves account is equal to
___________
Question321: AUM stands for
Question322: If everyone is forced to pay an extra Rs 1000 in taxes each year, "the" multiplier
Question323: Which one of the following is/are correct?
Question324: Ashish owns three stocks & has estimated the following joint probability distribution of returns:
Calculate the portfolio's expected return & standard deviation if Ashish invests 20% in stock X, 50% in stock Y & 30% in stock Z.
Assume that each security is completely uncorrelated with the return of other securities.
Question325: Which of the following options is not true about CODICIL?
Question326: The benefits of exemption of one self occupied house is available to
Question327: Customers with poor credit history due to defaulting payments is ..................
Question328: Which of the following is/are the basic classification of financial risk?
Question329: A will that can only be made by a soldiers in actual warfare, or airmmen or mariners at sea is known as:
Question330: _______ is an Over the Counter market
Question331: At which of the three stages of money laundering is it generally easiest to detect money laundering activity?
Question332: The second pillar in the Basel framework seeks to help participants to assess which of the following information?
Question333: Manmeet a 29 years old person has joined Met Life on 1/07/2011. His monthly salary (net salary) after deduction is Rs. 45000/. His monthly expenses details are as follows:
Assume Manmeet has taken his flat on rent from 01/07/ 2011. On 01/07/2011 he has cash in hand Rs.15000.
What will be his cash in hand on 31/03/2012?
Question334: Indian Inherihence Law permits a married woman to acquire jewellery to worth of?
Question335: Which of the following statements are true?
Question336: Net Interest income is
Question337: Which of the following is/are the necessary contents of a will?
Question338: Sum received by an individual as a member of an HUF from the family income is:
Question339: According to the dividend-growth model, the valuation of common stock depends on
Question340: An HUF consisted of a father who is a widower his three sons and a daughter upon death of the father, what will be the share of his daughter?
Question341: Sudhir has invested Rs. 60,000, 30% of which is invested in Company A, which has an expected rate of return of 15%, and 70% of which is invested in Company B, with an expected return of 12%. What is the return on Sudhir's portfolio?
Question342: Under pure flexible exchange rate regime, ________ is not maintained
Question343: HNWI stands for
Question344: Mr. Sachdeva is working as a regional head in a Pharmaceutical Company in New Delhi. He has a annual income of Rs. 10,00,000. His current expenses are Rs. 5,00,000 and he will be retiring in next ten years . The inflation rate for the foreseeable future is expected to be 5%. He assumes that his post retirement expenses will be 70% of his last year expenses of his service and they will increase at inflation rate and paid at the beginning of each year.
On his retirement he plans to leave his current rented apartment and shift into a another apartment located in NCR . The current price of the bungalow is Rs. 24 lakh which is estimated to increase in line with inflation rate. A ten year government security paper fetches 10% interest rate, which will remain constant for the forthcoming period. He is in good health and expects to live for twenty years after retirement.
As a CWM you are required to calculate the amount Mr. Sachdeva needs to save at the end of ten years on an annual basis so that he can pay his post retirement expenses as well as to buy the apartment.
Question345: NAFTA stands for
Question346: As per presumptive income scheme under section 44AE, the presumed income shall be:
Question347: Vinod is projecting an income stream providing Rs. 2,000/- for first 3 months, Rs. 3,200 for next 2 months, Rs. 4,500 for next 1 month, Rs. 3,700 for next 6months and Rs. 800 for 2 months thereafter. Please calculate the Present Value of this cash stream if rate of interest is 9%
Question348: The yield to call
Question349: Paintings and Stamps are examples of
Question350: If the rates of return from a security are not at all related to the market returns, then the beta for that security will be:
Question351: A money back policy for SA of Rs. 100000/-. Matured after 25 years. Survival benefits of 15% each has been paid at the end of 5th , 10th, 15th, and 20th years. Bonus has accrued at Rs. 965/- per Rs. 1000 SA. Interim bonus @ Rs. 25/- per thousand SA is payable. What is the maturity claim amount?
Question352: Which of the following can be described as involving direct finance?
Question353: During "Building the foundation" life stage, we learn about _______
Question354: Find out the taxable value of perquisite from the following particulars in case of an employee to whom the following assets held by the company were sold on 1.8.2012.
The assets were put to use by the company from the day they were purchased.
Question355: Ranbir deposits Rs. 80000 as a lump sum amount in a immediate annuity. He will receive annuity on a monthly basis for next one year. Determine the monthly amount he is entitled to receive. The rate of interest is
15%
Question356: The client behavior is influenced by which of following motivators in order to regulate his needs and wants?
Question357: The Capital Asset Pricing Model:
Question358: Which of the following is not the non- formal sources of law?
Question359: According to the capital asset pricing model, the expected rate of return on any security is equal to
__________.