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Hybrid plans are

A.

Combination of DB & ESOP plan

B.

Combination of DB & DC plan

C.

Combination of ESOP and Money purchase plan

D.

None of the above

The punishment of imprisonment for dishonour of cheques could extend up to:

A.

6 months

B.

9 months

C.

1 year

D.

2 years

Under the efficient market hypothesis, which of the following term best describes the movement of stock prices?

A.

Statistical.

B.

Random.

C.

Diverse.

D.

Predictable.

According to the Gordon model, the discount rate used by the investors exhibits what type of relationship with the retention rate?

A.

A directly proportional

B.

An inversely proportional

C.

No relationship at all

D.

Option A & B both

The operatives Guidelines for Banks on Mobile Transactions in India were issued

A.

2008

B.

2009

C.

2010

D.

2011

The concept of indemnity is based on the key principle that policyholders should be prevented from

A.

Insuring existing losses

B.

Making false insurance claims

C.

Paying excessively for insurance cover

D.

Profiting from insurance

What would be the tax liability if tea and snacks are provided in the office after office hours?

A.

Nil

B.

Nil, if it is uptoRs. 50 per meal

C.

Actual amount spent by the employer

D.

Nil, if it is upto Rs. 75 per meal

A Bank is under a statutory obligations to honor its consumer’s Cheque vide

A.

Section 10 of banking regulation act 1949

B.

Section 3 of the RBI act 1934

C.

Section 31 in the Negotiable Instruments Act, 1881

D.

All of the above

If the assessed lets out his house to his employer, which in turn allots the same to him as rent free accommodation? How would such house property will be treated as:

A.

Self occupied

B.

Let out

C.

Partly let out & partly self occupied

D.

Partly let out and partly vacant

A copy of the rules & regulations of the society, certified to be correct copy by not less than_____________ of the members of the governing body shall be filled with the MOA

A.

Five

B.

Four

C.

Three

D.

Two

Which of the following is not true in respect of the conditions essential for taxing income under the head income from House Property?

A.

The property must consist of buildings and land appurtenant there to

B.

The assessed may or may not be the owner of such house property

C.

The property may be used for any purpose, but it should not be used by the owner for the purpose of any business or profession carried on him, the profits of which are chargeable to tax.

D.

None of Above

A UHNW segment client has investible assets worth of

A.

$20,000,000

B.

$50,000,000

C.

$75,000,000

D.

$100,000,000

General Insurance business was established in India in

A.

1818

B.

1938

C.

1912

D.

1850

Generally speaking, high severity of losses will be accompanied by

A.

High frequency of losses

B.

Low frequency of losses

C.

Equal frequency of losses

D.

None of these

Where a coparcener with only his widow as legal heir dies, Can a partition be deemed as between the surviving coparcener and the widow on his death?

A.

Yes it is a deemed as a partition u/s 6 of Hindu succession Act

B.

Where the deceased dies issueless leaving a widow there is no question of a deemed partition u/s 6 of Hindu succession Act.

C.

None of the above

D.

Either of the Two

Depreciation expenses would be classified as:

A.

Operating cash flow

B.

Investing cash flow

C.

Financing cash flow

D.

No cash flow impact

P Ltd sets the target to produce 1000 tones of steel during the next six months to recover the cost but there is a possibility that due to strikes and lockouts the targeted output may not be archived. What type of risk is associated with the production process?

A.

Pure Risk

B.

Speculative Risk

C.

Liability Risk

D.

All the above

Which of the following statement is not true?

A.

Correlation among the securities in the portfolio has nothing to do with the risk of portfolio

B.

Return on any financial assets consists of current yield and capital yield

C.

Risk of individual financial assets refers to variability of its returns around its mean returns

D.

Return of a portfolio is simply weighted average of returns on individual securities in the portfolio multiplied by their corresponding proportions/weights in the portfolio.

Maximum no .of members in case of public company is

A.

0

B.

unlimited

C.

50

D.

100

Compute Geometric mean return for an investment with the following per period return – 8.9%, 10%, 7.7%, 13%?

A.

4.90%

B.

5.35%

C.

5%

D.

9.88%