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A trustee commuting a breach of trust not table to pay interest except

A.

(i) & (ii)

B.

(ii) & (iii)

C.

Only (ii)

D.

All of the above

Mr. Shivam Sharma expects to receive Rs 25000 in net receipts each year for five year and to sell the property for Rs 350,000 at the end of the five-year period, if Mr. Sharma expects a 15% return, what would be the value of the property?

A.

Rs. 3,25,000

B.

Rs. 2,57,818

C.

Rs. 2,60,000

D.

Rs. 2,60,000

There are two parties to Power of Attorney, namely, Donor and Donee.

A.

Both (i) & (ii) are correct

B.

Only i is correct

C.

Only ii is correct

D.

Both (i) & (ii) are incorrect

Choose the amount of final tax liability of R for the assessment year 2007-08:

A.

17100

B.

17442

C.

15700

D.

16014

Saptarshi acquired shares of G Ltd. on 15.12.98 for Rs. 5 lacs which were sold on 14.6.11 for Rs. 19 lacs.

Expenses on transfer of shares Rs. 40,000. He invests ` 8 lacs in the bonds of Rural Electrification. Corporation Ltd. on 16.10.2011. Compute capital gain for the assessment year 2012-13.

A.

Rs 7,41,766

B.

Nil

C.

Rs 11,18,234

D.

Rs 12,45,745

The risk free return of Security A is 8%. In addition to it, you expect that the return on market would be 14%. The expected return of Security A with beta of 0.70 is ________.

A.

12.2%.

B.

15.4%.

C.

17.8%.

D.

18.2%.

Why do criminals launder money?

A.

i, ii, and iii

B.

i, ii, and iv

C.

ii, iii, and iv

D.

All of the above

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?

A.

Rs. 1,781/-

B.

Rs. 1,795/-

C.

Rs. 1,775/-

D.

Rs. 1,765/-

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.

A.

40%

B.

36.64%

C.

80%

D.

96%

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?

A.

Simple Interest by Rs56.25

B.

Compound Interest by Rs114.05

C.

Compound Interest by Rs52.75

D.

Simple Interest by Rs75.19

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. ___.

A.

50000

B.

-50000

C.

45000

D.

-45000

Economists group commercial banks, savings and loan associations, credit unions, mutual funds, mutual savings banks, insurance companies, pension funds, and finance companies together under the heading financial intermediaries. Financial intermediaries

A.

act as middlemen, borrowing funds from those who have saved and lending these funds to others.

B.

play an important role in determining the quantity of money in the economy.

C.

help promote a more efficient and dynamic economy.

D.

do all of the above.

Payback period is

A.

Time required to recover the operating cost

B.

Time required for cash flows to recover cost of investment and opportunity cost

C.

Time required for cash flows to recover the cost of investment

D.

None of the above

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.

2969509

B.

6078097

C.

12832083

D.

11283083

Which of the following is a reasonable assumption to make about the understanding of a client on the Wealth planning Process?

A.

Client would have identified a desirable asset allocation

B.

Client would have some prior understanding of the assumptions on which the wealth plan is made

C.

Client would understand the financial products being recommended

D.

Client would be able to identify his financial goals

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?

A.

Appreciate by 12%.

B.

Depreciate by 12%.

C.

Stay unchanged.

D.

Depreciate by 6.0%.

If a preferred stock pays an annual Rs. 4.50 dividend, what should be the price of the stock if comparable yields are 10 percent? What would be the loss if yields rose to 12 percent?

A.

Rs. 450/- loss Rs. 75

B.

Rs. 45/- loss Rs. 7.50

C.

Rs. 45/- loss Rs. 4.50

D.

Rs. 450/- loss Rs. 6.25

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.

A.

Rs. 17,520

B.

Rs. 32,400

C.

Rs. 18,000

D.

Rs. 24,000

Amount of liability of payment of gratuity is calculated at the rate of

A.

One month’s wage for each completed year of service

B.

20days wages for each completed year of service

C.

Half a month’s wage for each completed year of service

D.

15 day’s wage for each completed year of service

A typical personal accident policy would normally have provisions to pay

A.

2% of the sum assured per week up to a maximum of 52 weeks

B.

1% of the sum assured per week up to a maximum of 104 weeks

C.

1.5% of the sum assured per week up to a maximum of 48 weeks

D.

1% of the sum assured per week up to a maximum of 104 weeks