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In Islamic Banking, Anything permitted by Shariah is called:

A.

Israf

B.

Halal

C.

Haram

D.

Hibah

According to the capital asset pricing model, fairly priced securities have __________.

A.

Negative betas

B.

Positive alphas

C.

Positive betas

D.

Zero alphas

Under the current international monetary system,

A.

each country can choose whether it wants a fixed or a floating exchange rate.

B.

surveillance is conducted by the International Monetary Fund (IMF) over the exchange-rate policies of its members.

C.

there is joint floating by some countries.

D.

All of the above.

International Development Association is an agency of _____

A.

IMF

B.

World Bank Group

C.

United Nations

D.

None of the above

A firm’s earnings decline because of a strike, this is an example of:

A.

Market Risk

B.

Business Risk

C.

Unsystematic Risk

D.

Option B and C

Onshore wealth management involves ____________

A.

Suggesting products and services available across the globe

B.

Suggesting products and services available within the client’s country of residence

C.

Suggesting products and services available outside the client’s country of residence

D.

None of the above

The Capital Asset Pricing Model:

A.

Has serious flaws because of its complexity.

B.

Measures relevant risk of a security and shows the relationship between risk and expected return.

C.

Was developed by Markowitz in the 1930s.

D.

Discounts almost all of the Markowitz portfolio theory.

In case of an individual and HUF cash in hand in excess of …………… shall be included in assets

A.

Rs. 5000

B.

Rs. 10000

C.

Rs. 25000

D.

Rs. 50000

The Indian Taxation System by nature is...........

A.

Assertive

B.

Regressive

C.

Progressive

D.

None of the above

Gilt schemes are a type of

A.

Equity schemes

B.

Balanced Funds

C.

Monthly Income Plans

D.

Debt Schemes

Assessing client’s level of risk tolerance is done while

A.

Making a wealth plan

B.

Reviewing a wealth plan

C.

Both of above

D.

None of the above

Performance measurement by benchmarking normally refers to comparing performance of a fund to

A.

The performance achieved by comparable investment funds

B.

The results of key economic factors

C.

The results achieved by key investment indexes

D.

The results achieved by recognized superannuation funds

In case of fire insurance, insurable interest should exist at the time of

A.

(i) only

B.

(ii) only

C.

(i) and (ii) both

D.

None of the above

The person making the proposal is called

A.

Promisee

B.

Promise

C.

Promisor

D.

None of the above

“Income rule” in Insurance advocates

A.

Cover of at least 8 - 10 times of one’s gross annual income

B.

Cover of at least 5- 6 times of one’s gross annual income

C.

Cover of at least 4-5 times of one’s gross annual income

D.

Cover of at least 10 - 12 times of one’s gross annual income

Which one of the following is correct?

A.

(i) only

B.

(ii) only

C.

Both the statement is correct

D.

Both the statement is incorrect

_______________ and _______________ mandates are two kinds of service level contracts

A.

Advisory, Discretionary

B.

Discretionary, Managed

C.

Advisory, Managed

D.

None of the above

Seigniorage is ____________

A.

Cost of printing money

B.

Value of money

C.

Difference between value of money and cost to produce it

D.

None of the above

Which of the following statement (s) is/are true about the rate risk?

A.

Interest risk is the uncertainty associated with changes in interest rates, the possibility of loss resulting from increases in interest rates.

B.

Interest risk refers to the tendency of security prices, especially fixed income securities, to move inversely with changes in the rate of interest.

C.

Only option A

D.

Option A & B both

Which is not the condition for getting superannuation fund approved?

A.

All the benefits should be payable only in India

B.

Employee should be contributor to the fund

C.

Employer should be contributor to fund

D.

Funds have to be invested as per income tax rules1962