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NEW QUESTION 193
Section A (1 Mark)
Mr. Rajesh was the owner of an uninsured property. But unfortunately the property caught fire because of which he suffered severe financial losses. The reason Mr. Rajesh suffered losses as he did not cover:
- A. The speculative risk
- B. The investment risk
- C. The dynamic risk
- D. The pure risk
Answer: D
NEW QUESTION 194
Section A (1 Mark)
Where the return of income is filed after the due date specified u/s 139(1):
- A. all deductions under Chapter VIA i.e. 80C to 80U will not be allowable
- B. all deductions under Chapter VIA i.e. 80C to 80U except 80-IA will be allowable
- C. all deductions under Chapter VIA i.e. 80C to 80U will be allowable
- D. all deductions under Chapter VIA i.e. 80C to 80U excepting 80-IA, 80-IAB, 80-IB, 80-IC will be allowable
Answer: B
NEW QUESTION 195
Section A (1 Mark)
Deduction under section 80RRB is allowed to the extent of:
- A. 50% of royalty or Rs. 3,00,000 whichever is less
- B. 100% of royalty or Rs. 2,00,000 whichever is less
- C. 100% of royalty or Rs. 3,00,000 whichever is less
- D. 100% royalty or Rs. 5,00,000 whichever is less
Answer: C
NEW QUESTION 196
Section B (2 Mark)
Risk to bondholders comes from
- A. I and II
- B. I and III
- C. II and III
- D. All of the above
Answer: D
NEW QUESTION 197
Section A (1 Mark)
Which of the following act is done by the most dissatisfied customers?
- A. Do not complain & tell their friends
- B. Do not complain
- C. Send their complaints
- D. Tell their friends
Answer: A
NEW QUESTION 198
Section A (1 Mark)
Ideally, clients would like to invest with the portfolio manager who has
- A. A low personal risk-aversion coefficient.
- B. A moderate personal risk-aversion coefficient.
- C. The highest record of realized returns.
- D. The highest Sharpe measure.
Answer: D
NEW QUESTION 199
Section C (4 Mark)
Nifty is at 3200. Mr. XYZ expects large volatility in the Nifty irrespective of which direction the movement is, upwards or downwards. Mr. XYZ buys 2 ATM Nifty Call Options with a strike price of Rs. 3200 at a premium of Rs. 97.90 each, sells 1 ITM Nifty Call Option with a strike price of Rs. 3100 at a premium of Rs.
141.55 and sells 1 OTM Nifty Call Option with a strike price of Rs. 3300 at a premium of Rs. 64.
What would be the Net Payoff of the Strategy?
* If Nifty closes at 2929
* If Nifty closes at 4325
- A. 9.75 and 9.75
- B. 9.75 and -9.75
- C. -9.75 and -9.75
- D. -9.75 and 9.75
Answer: A
NEW QUESTION 200
Section A (1 Mark)
Which of the following is an advantage of a credit scoring model?
- A. Credit scoring models are immune from charges of discrimination
- B. Credit scoring models never make mistakes
- C. Credit scoring models rely on the evaluation of an experienced credit officer
- D. Credit scoring models can handle a large volume of applications in a short period of time
Answer: D
NEW QUESTION 201
Section A (1 Mark)
Comprehensive Wealth Management addresses
- A. Life Planning
- B. Investment Planning
- C. All of the above
- D. Estate Planning
Answer: C
NEW QUESTION 202
Section B (2 Mark)
When the income of an individual includes Rs. 20000 as the income of his minor child in terms of section
64(1A), taxable income in this respect will be:
- A. Rs. 18500
- B. Nil
- C. Rs. 20000
- D. Rs. 15000
Answer: A
NEW QUESTION 203
Section A (1 Mark)
Mr. Vikas is now 50 years old. He has invested some amount in an annuity which will pay him from the END.
of 5th year Rs. 35,000/- p.a. at the end of every year for 10 years. Rate of interest is 7% p.a. Calculate how much he has invested now?
- A. 175270.07
- B. 135270.07
- C. 175870.07
- D. 185270.07
Answer: A
NEW QUESTION 204
Section A (1 Mark)
Which one of the following statements is false?
- A. A businessman can use angel networks to source funding capital
- B. A company may use private equity finance to repurchase its shares and return from public to private status
- C. There is a liquid secondary market trading in private equity investments
- D. Private equity is sometimes accused of taking short-term measures to enhance a company's salability at the expense of its long-term prospects
Answer: C
NEW QUESTION 205
Section A (1 Mark)
If an investor searches for patterns in security returns by examining various techniques applied to a set of data, this is known as:
- A. Data mining.
- B. Random-walk theory.
- C. Fundamental analysis.
- D. Technical analysis.
Answer: A
NEW QUESTION 206
Section B (2 Mark)
Which of the following statements is / are correct?
- A. I and III
- B. I, II and III
- C. II and IV
- D. All of the above
Answer: A
NEW QUESTION 207
Section A (1 Mark)
The Base Year for BSE Realty index is____________
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 208
Section A (1 Mark)
Which of the following statement is correct?
- A. While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of insurable interest
- B. While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of utmost good faith
- C. While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of subrogation
- D. The doctrine of adhesion states that you can bargain or ask insurer to change the terms of the insurance contract as per your needs.
Answer: B
NEW QUESTION 209
Section C (4 Mark)
Read the senario and answer to the question.
Sajan and Jennifer want to accumulate funds for their vacation expenses as per their determined goal. They want to invest a fixed amount immediately from the Bonus amount he has received, and then in the beginning of every financial year till April, 2020 in a separate scheme of an Equity Mutual Fund. He would withdraw the required amount annually as adjusted for inflation from the Scheme from April, 2021 till April, 2036 for undertaking vacation trips. What approximate amount should be invested every year to achieve this goal?
- A. Rs. 1.86 lakh
- B. Rs. 2.08 lakh
- C. Rs. 1.79 lakh
- D. Rs. 1.94 lakh
Answer: A
NEW QUESTION 210
Section A (1 Mark)
Which of the following is not a derivative transaction?
- A. A copper fabricator entering into futures contracts to buy his annual requirements of copper.
- B. An investor buying index futures in the hope that the index will go up.
- C. A farmer selling his crop at a future date
- D. An exporter selling dollars in the spot market
Answer: D
NEW QUESTION 211
Section C (4 Mark)
Sunil has an investment portfolio of Rs.100000; the initial portfolio mix is Rs.50000 in stocks, Rs.30000 bonds and Rs.20000 in bank. If market goes up by 10% and the value of bonds decreases by 10%, what should Sunil do under the constant mix policy?
- A. She should sell Rs.3500 of stock and buy bonds worth Rs.1500 and Deposit Rs.1000 in bank
- B. She should buy his portfolio equally
- C. She should sell his portfolio equally
- D. She should sell Rs.4000 of stocks, buy bonds worth Rs.3600 and deposit Rs.400 in bank
Answer: D
NEW QUESTION 212
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