Within how many days prospectus or statement in lieu of prospectus should file with ROC
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Correct Answer:
A
Q: 2
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?
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Correct Answer:
A
Q: 3
The premium on all other riders put together should not exceed _____ of the premium on the base
policy
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Correct Answer:
C
Q: 4
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 ?
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Correct Answer:
A
Q: 5
A borrower defaults on a secured loan of Rs. 50,000. The underlying security is worth Rs. 60,000.
Which of the following is true? "
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Correct Answer:
A
Q: 6
Spot Nifty is at 5000. One month Nifty call with strike price of Rs. 4800 is trading at Rs. 250 per call.
An investor buys 100 Nifty calls. At expiry Nifty closes at 5500. Net profit / loss of the investor is Rs.
___.
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Correct Answer:
C
Q: 7
In straight line method
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Correct Answer:
A
Q: 8
What is the minimum age required to avail the Benefits provided under the golden hand shake
scheme?
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Correct Answer:
D
Q: 9
Which one of the following is/are correct?
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Correct Answer:
C
Q: 10
The basic principles of Islamic Finance are…..
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Correct Answer:
D
Q: 11
A bond with a face value of Rs. 1000, returns Rs. 80 in year 1, Rs. 80 in year 2 and Rs. 1080 in year 3.
What is the duration of the bond in years?
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Correct Answer:
B
Topic 4, Exam Pool D
Q: 12
Risk free rate of return is 8%, expected market premium is 15% and Beta of security is 0.80. What is
the expected rate of return of the security?
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Correct Answer:
D
Q: 13
The employer had purchased a car for Rs. 3,00,000 which was being used for official purposes. After
2 year 6 months of its use, the car is sold to R, the employee, for Rs. 1,20,000. The value of this
perquisite shall be
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Correct Answer:
A
Q: 14
An investor buys 200 units of a Mutual Fund scheme having a reinvestment option at Rs.10.5 on Jan
6, 2011. On June 30, 2011 scheme declares a dividend @10%. The ex-dividend N.A.V. was Rs.10.25.
On March12, 2012 the fund N.A.V was Rs.12.25. Calculate CAGR?
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Correct Answer:
C
Q: 15
Commutation of pension up to a limit of _______________ is tax exempt in case the gratuity is also
received
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Correct Answer:
B
Q: 16
If one earns 10% on investment but inflation is 2%, real rate of return is
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Correct Answer:
C
Q: 17
In case of public company memo must be signed by atleast ….… persons.
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Correct Answer:
C
Q: 18
In book building method, if floor price is set at 100, what can be the maximum price of the cap?
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Correct Answer:
C
Q: 19
Indicate whether the following statement is True or False.
Money launderers often use professional intermediaries to layer their illegal funds. These
professional intermediaries include lawyers, company formation agents, accountants and other
professionals working in non-financial institutions. A banker is not generally regarded as a
professional intermediary because he works in a financial institution.
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Correct Answer:
B
Q: 20
Post office term deposit can be opened for 10 years
