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Mr. Gupta has got his stock insured against fire for Rs5,00,000/- ,during the year he lost the stock in his ware house for Rs. 4,00,000/-. The surveyor from insurance company gave his report that at the time of fire the stock in the ware house had value 6,00,000/-

Calculate what amount Mr. Gupta will receive from the insurance company.

A.

4,00,000/-

B.

5,00,000/-

C.

3,33,333/-

D.

None of the above

"A borrower who has been given notice of enforcement of security interest, replies with his objections.

What is expected of the secured creditor?

A.

Consider the objections fairly

B.

"If objections not acceptable, convey to borrower within 7 days"

C.

Both of the above

D.

None of the above

Investment in NRO may be made through _________.

A.

Remittance from abroad

B.

Transfer from NRE

C.

Either of the above

D.

None of the above

Broadly, world over the minimum investable assets for MULTI FAMILY OFFICE SEGMENT is :

A.

USD 20,000,000

B.

USD 50,000,000

C.

USD 10,000,000

D.

USD 30,000,000

You buy a new computer for your business costing approximately Rs. 5,000. You expect a salvage value of Rs. 1000 selling parts when you dispose of it. Your business has upgraded its hardware every four years, so you think this is a more realistic estimate of useful life, since you are apt to dispose of the computer at that time. Calculate the amount of depreciation using straight line method?

A.

1000

B.

2000

C.

1500

D.

3500

Derive policy cost per thousand with following data:

A.

34.79

B.

22.75

C.

13.55

D.

10.51

EDLI is applicable to all establishments which

A.

Employ 20 or more person and are engaged in 180 specified industries

B.

Co-operative society employing more than 50 persons without the aid of power

C.

Want to come under voluntarily

D.

All of the above

Mahesh has invested Rs. 72,000/- @ 5% p.a. in a bank deposit. After 7 years ROI changes 5% p.a. computed half yearly. After further period of 3 years rate again changes to 6% p.a. compounded quarterly. What will he get after 15 years of commencement?

A.

Rs. 1,48,251/-

B.

Rs. 1,58,240/-

C.

Rs. 1,40,000/-

D.

Rs. 1,55,000/-

"A borrower who has been given notice of enforcement of security interest, replies with his objections. What is expected of the secured creditor? "

A.

Consider the objections fairly

B.

"If objections not acceptable, convey to borrower within 7 days"

C.

Both of the above

D.

None of the above

Pension received from a former employer is classified under the head _________.

A.

Capital Gains

B.

Gratuity

C.

Income from other sources

D.

Salaries

Case: The returns of 2 shares are as follows

Calculate the covariance of returns.

A.

220.32

B.

–420.11

C.

162.08

D.

270.36

Manish has two house properties. Both are self occupied. The annual value of:

A.

Both the house is NIL

B.

One house shall be NIL

C.

No house shall be NIL

D.

Option A with certain condition

Major phases of budgeting process are:

A.

Assessing Current situation and recommendation of products

B.

Recommendation of products and Planning Financial direction

C.

Assessing current situation and planning financial direction

D.

None of the above

Compulsory audit of account is required u/s 44AB of IT, if the total sales/ turnover exceed _______

A.

Rs. 10,00,000

B.

Rs. 40,00,000

C.

Rs 60,00,000

D.

Rs. 1,00,00,000

Calculate the Net worth of Mr. Surinder Nath with the following financial details as:

A.

Rs 91.3 lakh

B.

Rs 90.7 lakh

C.

Rs 90.3 lakh

D.

Rs 92.5 lakh

The relevant banking ombudsman for filing a complain regarding credit card with central processing is the one under whose jurisdiction __________.

A.

The head office of the bank falls

B.

The central processing center of the bank falls

C.

The nearest bank branch falls

D.

None of the above

Mr. Bakshi has invested Rs. 25,000/- @ 5% p.a. in a bank deposit. After 5 years rate of interest changes 6% p.a. computed half yearly. After further period of 2 years rate again changes to 7% p.a. compounded quarterly. After further 2 years rate again changes to Rs. 8% pa compounded monthly. What will he get after 10 years from now ?

A.

Rs. 45,780/-

B.

Rs. 55,563/-

C.

Rs. 41,546/-

D.

Rs. 44,682/-

Ms. Shweta wants to achieve the goal of higher education of her daughter after 15 years. She estimates that the funds required would be 30 lacs at then costs. She wants to invest monthly for this goal. You as a Wealth Manager suggest an asset allocation of 80% in Equity and 20% in Debt for 14 years and shifting the entire amount to liquid funds in the last year where the expected returns would be 6% p.a. If the returns in equity and debt funds are 14% and 8.50% respectively calculate the amount that needs to be invested in Equity and Debt Each Month.

A.

Rs. 1269 Equity & Rs. 5077 Debt

B.

Rs. 5077 Equity & Rs. 1269 Debt

C.

Rs. 6676 Equity & Rs. 1602 Debt

D.

Rs. 7500 Equity & Rs. 1800 Debt

Which of the following statement is true in relation to life expectancy?

A.

I,II and IV

B.

I ,II and III

C.

I,III and IV

D.

All of these

The relevant banking ombudsman for filing a complain regarding credit card with central processing is the one under whose jurisdiction __________________?

A.

the head office of the bank falls

B.

the central processing center of the bank falls

C.

the nearest bank branch falls

D.

None of the above