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A 12 year annual annuity of Rs. 10000 will begin 8 years hence (the first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 percent?

A.

Rs. 22898.12

B.

Rs. 22620.63

C.

C.Rs. 23456.78

D.

D.Rs. 22124.95

Under a Personal Accident policy Mr. Ajay has taken, what percentage of sum assured he can get if he losses his one eye and one limb in an accident and under which type of benefit?

A.

100% in PTD

B.

50% in PPD

C.

100% in TTD

D.

50% in PPD

In India, the interest rate of a floating rate security is linked to ___________.

A.

MIBOR

B.

CIROB

C.

Repo rate

D.

Reverse Repo Rate

A central bank sale of ________ to purchase ________ in the foreign exchange market results in an equal rise in its international reserves and the monetary base.

A.

foreign assets; domestic currency

B.

foreign assets; foreign currency

C.

domestic currency; domestic assets

D.

domestic currency; foreign assets

Which of the following is an inferential data (i.e. data which may not be correctly obtained by simply asking a direct question)?

A.

Time Horizon

B.

Risk appetite

C.

Current Income

D.

Future income requirement

Ram is working in Rashid Enterprises, a proprietorship firm.During his working hours Ram was injured seriously. Due to this injury Ram was hospitalized for six months. Ram is the only bread winner of his family. Ms. Rashid, the proprietor of Rashid Enterprises is liable to pay damages to Ram. Under which of the following policy Rashid can protect himself from this liability?

A.

The Directors’ and officers liability policy

B.

Key Person Life Insurance Policy

C.

Product Liability Insurance

D.

Employer’s Liability Insurance Policy

The Third Party Administrator’s role mainly involves

A.

Canvassing business for the insurer

B.

Arranging for reinsurance

C.

Sending renewal notices

D.

Checking and paying insurance claims

Which one of the following is/are correct?

A.

(I) only

B.

(ii) only

C.

Both are correct

D.

Both are incorrect

In book building method, if floor price is set at 100, what can be the maximum price of the cap?

A.

105

B.

110

C.

120

D.

130

Which one of the following is/are correct?

A.

(i) & (ii)

B.

(i) & (iii)

C.

All statement is are correct

D.

All statements are incorrect

Mr. Kishan owns a factory producing some small spare parts.Under which policy he can get cover against the claim for paying damages and legal costs arising from any bodily injury or damage in the premises of his property ?

A.

Key man Insurance policy

B.

The directors’ and officers liability policy

C.

Product Liability insurance

D.

Public Liability Insurance

What would be the taxable value added in Dr. Vijay Mohan’s income for Gratuity receipt of Rs. 8,00,000 at the time of retirement. He is covered under the Payment of Gratuity Act 1972. He retired after 28 years of service with monthly salary of Rs. 40000 p.m. Assume Income Tax provisions pertaining to AY 2011-12 would be applicable at the time of retirement?

A.

Rs. 3,50,000

B.

Rs. 2,40,000

C.

Rs. 5,60,000

D.

Rs. 1,53,146

Spread is defined as ___________________.

A.

Difference in price between two futures contracts on different commodity for two different maturity dates

B.

Difference in price between two futures contracts on the same commodity for two different maturity dates

C.

Difference in price between two futures contracts on different commodity for two same maturity dates

D.

None of the above

You bought a stock for Rs. 28.29 that paid the following dividends

After the third year, you sold the stock for Rs. 35. What was the annual rate of return?

A.

14%

B.

13%

C.

12%

D.

11%

Which of the following statements is/ are correct?

A.

I II and III

B.

IIand IV

C.

I,III and IV

D.

All statements are true

Which of the items would affect the net worth of the client?

A.

III & IV only

B.

II & III only

C.

I, II, III only

D.

All of the above

Pure premium is Rs. 5000. Expenses are 20% of the gross (office) premium. Office premium is

A.

6250

B.

6000

C.

4167

D.

4000

Which of the following statements in reference to REPO Rate is/are correct?

A.

I, II and III

B.

I and II

C.

I, III and IV

D.

II,III and IV

Retiring early will ____________ the accumulation phase while ____________ the retirement phase

A.

Longer, shorter

B.

Shorter, longer

C.

Longer, longer

D.

Shorter, shorter

Which of the following is/are the neccessary contents of a will?

A.

I ,II and III

B.

I , III and IV

C.

I, II and IV

D.

All of these