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A retirement planner must have detailed information about the client’s current and future assets and liabilities. Which of the following is of least importance in developing a retirement plan?

A.

A court order requiring the client to pay child support for next 15 years

B.

Book value of the client’s closely held corporation as determined one year ago

C.

An outstanding judgment from a law suit against the client

D.

A large outstanding income tax liability of the client

Which of the following is not a part of scheduled banking structure in India?

A.

Money Lenders

B.

Public Sector Banks

C.

Private Sector Banks

D.

Regional Rural Banks

Which of the following is / are demand liabilities?

A.

Cash Certificates

B.

Gold deposits

C.

Current deposits

D.

All of the above

Paintings and Stamps are examples of

A.

Precious Metals

B.

Derivatives

C.

Equity

D.

Collectibles

Bijoy traced a missing person and was awarded a sum of Rs. 35,000. Although there was no stipulation to that effect, such receipt shall be:

A.

Casual Income & fully taxable

B.

Casual Income & exempt up to Rs. 5000

C.

Fully exempt

D.

None of the above

In ________, the values exchanged by the contracting parties may not necessarily be equal

A.

Aleatory contracts

B.

Conditional contract

C.

Personal contract

D.

Unilateral contract

A security's beta coefficient will be negative if _____________.

A.

Its returns are negatively correlated with market index returns

B.

Its returns are positively correlated with market index returns

C.

Its stock price has historically been very stable

D.

Market demand for the firm's shares is very low

Risk can be

A.

Financial

B.

Non-Financial

C.

Both of the above

D.

None of the above

A hired a bicycle from B. The written contract contained a clause which read “Nothing in this agreement shall render the owner liable for any personal injuries to the rider of the machine hired”. Owing to a defect in the brakes of the cycle, A met with an accident and got injured. Can A recover Damages?

A.

No, since a disclaimer by the owner has already been intimated

B.

Yes, because he is under the duty to take care of the bicycle

C.

No, because it is the rider who has to take care of the brakes

D.

Any of the above

The basic principles of Islamic Finance are…..

A.

Interest, either for the borrower or the lender, is forbidden.

B.

The lender shares in the profits and the losses made by any enterprise it lends money to

C.

Excessive uncertainty, risk and speculation are forbidden

D.

All of the above

PPF is a

A.

Mandatory program for every employee

B.

Mandatory for every Income Tax assessed

C.

Self directed retirement program

D.

None of the above

Which of the following statement is/are correct?

A.

(i) only

B.

(ii) only

C.

Both (i) & (ii) are correct

D.

Both (i) & (ii) are incorrect

Which of the following are covered in the Banking Ombudsman Scheme?

A.

Scheduled Primary Co-operative Banks

B.

RRBs

C.

Both of the above

D.

None of the above

Which one of the following is/are correct?

A.

(i) only

B.

(iii) only

C.

(i), (ii), (iii)

D.

None is correct

The government regulates financial markets for three main reasons:

A.

to ensure soundness of the financial system, to improve control of monetary policy, and to increase the information available to investors.

B.

to improve control of monetary policy, to ensure that financial intermediaries earn a normal rate of return, and to increase the information available to investors.

C.

to ensure that financial intermediaries do not earn more than the normal rate of return, to ensure soundness of the financial system, and to improve control of monetary policy.

D.

to ensure soundness of financial intermediaries, to increase the information available to investors, and to prevent financial intermediaries from earning less than the normal rate of return.

Rakesh owes Rs. 10000 to Haresh who transfers the debt amount to Chirag. Haresh then demands the same from Rakesh, who does not have a notice of the transfer as per section 131 but still pays to Haresh. This payment is invalid &Chirag can sue Rakesh for the debt

A.

TRUE

B.

FALSE

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?

A.

23.45%

B.

27.11%

C.

23.29%

D.

23.99%

Mr. Hitesh Shah has a portfolio with 23 different equities. The portfolio increased by 20% and has a beta of 1.50. Utilizing the Capital Asset Pricing Model, compute by what percent the market changed (round to nearest 0.5%) (Assume risk free rate of 5%)?

A.

14%

B.

15%

C.

16.50%

D.

17%

Which of the following statement is/are correct?

A.

(i) only

B.

(ii) only

C.

Both are correct

D.

Both are incorrect

Financial markets have the basic function of

A.

bringing together people with funds to lend and people who want to borrow funds.

B.

assuring that the swings in the business cycle are less pronounced.

C.

assuring that governments need never resort to printing money.

D.

both (A) and (B) of the above.