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NEW QUESTION 475
Banks, savings and loan associations, mutual savings banks, and credit unions
- A. have been adept at innovating in response to changes in the regulatory environment.
- B. have been providing services only to small depositors since deregulation.
- C. All of the above.
- D. are no longer important players in financial intermediation.
Answer: A
NEW QUESTION 476
If the proposer does not disclose fully all the material facts at the time of Proposal the principle violated
- A. Caveat emptor
- B. Utmost good faith
- C. Sharing of risk
- D. Insurable interest
Answer: B
NEW QUESTION 477
Which of the following is/are the key issues in retirement planning of self employed/ business class?
- A. I,II and IV
- B. II,III and IV
- C. I,III and IV
- D. All of these
Answer: A
NEW QUESTION 478
Minimum number of investors in a scheme should be
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 479
What is codicil?
- A. A situation where a person dies without a will
- B. Is a document that amends, rather than replaces, a preciously executed will
- C. Legal process of settling of disputes arising out of untimely death
- D. Legal document used to transfer little of real property in the eyes of law
Answer: B
NEW QUESTION 480
Which of the following statements is/are correct?
- A. Both statements are false
- B. Statement A is correct
- C. Statement B is correct
- D. Both statements are correct
Answer: D
NEW QUESTION 481
Vishwajeet wishes to have a lump sum Retirement Fund of Rs. 25,00,000/- in 30 years time. Assuming that he can get 12% returns per annum, compounded annually, what amount he should save every year to reach his target?
- A. 11254.24
- B. 9845.47
- C. 10359.14
- D. 15432.12
Answer: C
NEW QUESTION 482
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.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 483
Mr. Nitin, a trading and a clearing member, took proprietary position in August 2007 expiry contract. He bought 10000 units of SAIL@ Rs.140 and sold 8000 units @ Rs.143.50. The end of the day settlement price for August 2007 expiry contact is Rs.141. If the initial margin per unit of SAIL for August 2007 is Rs.42 per unit, then the total initial margin payable by Nitin would be_______
- A. Rs.84000
- B. Rs.3360000
- C. None of the above
- D. Rs.420000
Answer: A
NEW QUESTION 484
Which of the following statements in reference to REPO Rate is/are correct?
- A. II and III
- B. I,II and III
- C. I and III
- D. I and II
Answer: B
NEW QUESTION 485
Wealth Erosion can happen due to _______
- A. All of the above
- B. Fall in interest rates
- C. Inadequate insurance cover
- D. Reduction in value of currency
Answer: A
NEW QUESTION 486
As per Hindu succession Act 1956 following person is not considered as a class I heir of the person who dies intestate
- A. Widow
- B. Son/Daughter
- C. Father
- D. Mother
Answer: C
NEW QUESTION 487
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?
- A. 9.10%
- B. 8.70%
- C. 8.90%
- D. 9.30%
Answer: A
NEW QUESTION 488
Which of the following is not a characteristic of defined benefit plan?
- A. These plans are easy to design and explain to employees
- B. Benefit levels are guaranteed
- C. actuarial assumptions are necessary to determine actual contribution amounts
- D. Employer is subject to a recurring annual funding obligation
Answer: A
NEW QUESTION 489
Mr. Vivek Kalra deposits Rs.11,00,000 today in an investment that would pay after 6 years Rs. 1,00,000 per year for 5 years and Rs. 1,50,000 for the next 5 years. What would be the balance in the account after the last payment is made if the ROI is 18% per annum compounded annually.?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 490
In case of monthly premium payments, days of grace are
- A. 10 Days
- B. Three Weeks
- C. 15 Days
- D. 30 Days
Answer: C
NEW QUESTION 491
Mr. Gupta has got his stock insured against fire for Rs5,00,000/- ,during the year he lost the stock in his ware house for Rs. 4,00,000/-. The surveyor from insurance company gave his report that at the time of fire the stock in the ware house had value 6,00,000/- Calculate what amount Mr. Gupta will receive from the insurance company.
- A. 5,00,000/-
- B. 4,00,000/-
- C. 3,33,333/-
- D. None of the above
Answer: C
NEW QUESTION 492
Some institutions may be used by criminals to transfer and hide illegal wealth. The institutions are often located in countries with well-developed secrecy laws and attractive tax structures.
These institutions are called:
- A. Front companies
- B. Trusts
- C. Offshore banks
- D. Shell companies
Answer: C
NEW QUESTION 493
Liquid assets comprise
- A. All of the above
- B. Certificate of Deposits
- C. Money Market Mutual Funds
- D. Funds in savings account
Answer: A
NEW QUESTION 494
SRO stands for
- A. Service Request Order
- B. Statutory Regulation Offer
- C. Supervisor Range Operations
- D. Self Regulatory Organization
Answer: D
NEW QUESTION 495
HNWI stands for
- A. High Non Work Individuals
- B. None of the above
- C. High Net Worth Industries
- D. High Net Worth Individuals
Answer: D
NEW QUESTION 496
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