Section A (1 Mark)
HNWI stands for
Section C (4 Mark)
Read the senario and answer to the question.
Pallavi’s marriage is expected by the end of December, 2010 with an expected present cost of Rs. 24,00,000. He is expected to realize from his Tatanagar Flat 18, 00,000 by that time. Calculate what additional amount is required for his daughter’s marriage. With 8% pa. risk free rate compounding monthly what amount he has to save per month (BEGIN) in a debt fund?
Section A (1 Mark)
Determine the status of X and Y who are the legal heirs of Z
Section C (4 Mark)
Rate of 15% p.a compounded annually will be equal to ---------------- % per month.
Section A (1 Mark)
_____________ is defined as the transfer of services to private enterprise in US.
Section A (1 Mark)
What amount needs to be invested today at 10 % per annum, so that it pays Rs. 1 lac per annum for 5 years, starting from 6th year to 10thyear. First payment starts at BEGIN of 6thyear.?
Section C (4 Mark)
As a CWM you are required to calculate the tax liability of an individual whose taxable income is:
• $321500 in SGD and he is a Singapore citizen
• £ 35214p.a (only dividends) and he is a UK citizen
Section B (2 Mark)
Which of the following two outcomes is an example of Loss Aversion Bias:
Section C (4 Mark)
Read the senario and answer to the question.
Calculate the income chargeable to tax from rented flat of Kolkata, for the assessment years 2008–09 and 2009–10.
Section A (1 Mark)
In the Balance sheet of a firm, the debt equity ratio is 2:1.The amount of long term sources is Rs.12 lac. What is the amount of tangible net worth of the firm?
Section C (4 Mark)
Shekhar has an investment portfolio of Rs.100000; the initial portfolio mix is Rs. 50000 in stocks, Rs.30000 bonds and Rs.20000 in bank. If stock market goes up by 10%, what should Shekhar do under the constant mix policy?
Section A (1 Mark)
Which ONE of the following in not the requirement for managing customer?
Section A (1 Mark)
A public trust is created for the benefit of
Section B (2 Mark)
As a result of a lawsuit, Catherine was awarded $300,000 for compensatory damages and $400,000 for punitive damages. What is the taxable income resulting from this suit?
Section B (2 Mark)
Markets would be inefficient if irrational investors __________ and actions of arbitragers were __________.
Section B (2 Mark)
You are estimating the value of a small office building. Suppose the estimated NOI for the first year of operations is Rs100,000. a. If you expect that NOI will remain constant at Rs100,000 over the next 50 years and that the office building will have no value at the end of 50 years, what is the present value of the building assuming a 12.2% discount rate?
Section A (1 Mark)
The best way to maintain your credit rating is to:
Section B (2 Mark)
____________compares the price charged for property or services transferred in a controlled transaction to the price charged for property or services transferred in a comparable uncontrolled transaction in comparable circumstances
Section A (1 Mark)
In case of non-resident, who is carrying on shipping business, his Indian income shall be presumed to be:
Section B (2 Mark)
Ms. Shalini Bhargav plans to purchase a property having a projected annual income for three year is Rs 20,000 with 12 percent expected return and expect to sell it at the end of three years for Rs 2,70,000. Compute the present value of the property.
Section A (1 Mark)
A general theoretical perspective in social psychology concerned with the issue of social perception. is known as_____________
Section A (1 Mark)
Mr. Roy is now 45 years old. He has invested Rs. 1,75,000/- in an annuity which will pay him after 10 years a certain amount p.a. at the end of every year for 10 years. Rate of interest is 7% p.a. compounded annually Calculate how much he will receive at the end of every year after 10 years?
Section A (1 Mark)
A(n) _________________________ combines a normal debt instrument with a credit option. It allows the issuer of the debt instrument to lower its loan repayments if some significant factor changes.
Section C (4 Mark)
Read the senario and answer to the question.
Calculate the Solvency ratio?
Section B (2 Mark)
Calculate Gross Annual Value where Gross Municipal Value is Rs.120, Fair Rent is Rs.105. Actual rent receivable is Rs.100& Standard Rent is Rs.125
Section A (1 Mark)
Which one of the following statements is incorrect?
Section C (4 Mark)
Read the senario and answer to the question.
Raman is considering the purchase of a office building and, as part of his analysis, from the following given data calculate the appraised value of the property using the Income Approach?
Section A (1 Mark)
A cognitive heuristic in which decisions are made based on how representative a given individual case appears to be independent of other information about its actual likelihood. We tend to think that trends we observe are likely to continue. Which of the following is most likely consistent with this bias?
Section A (1 Mark)
REITs offer all of these, except:
Section B (2 Mark)
Defined contribution plans put investment and performance risk on
Section C (4 Mark)
Read the senario and answer to the question.
As a CWM® which option would you recommend from the following to Neeraj and Kapil so that their tax liability is minimum if they invest in the debt based scheme
Section B (2 Mark)
What is the future value of Rs. 5000 at the end of 5 years at 8% compounded annually?
Section A (1 Mark)
Which of the following options is not true about CODICIL?
Section C (4 Mark)
Read the senario and answer to the question.
Calculate the return on Jogen’s investments in SBI Ltd shares.
Section A (1 Mark)
Debt Equity Ratio is 3:1,the amount of total assets Rs.20 lac, current ratio is 1.5:1 and owned funds Rs.3 lac. What is the amount of current asset?
Section C (4 Mark)
A stock ABC Ltd. is trading at Rs. 450. Mr. XYZ is bullish on the stock. But does not want to invest Rs. 450. He does a Long Combo. He sells a Put option with a strike price Rs. 400 at a premium of Rs. 1.00 and buys a Call Option with a strike price of Rs. 500 at a premium of Rs. 2.
What would be the Net Payoff of the Strategy?
• If ABC Ltd closes at 625
• If ABC Ltd closes at 328
Section B (2 Mark)
If after the partition of an HUF 2 members became partners in 3 firms on behalf of their respective HUFs and they also become partners in a fourth firm. The funds were obtained by means of loans from the other 3 firms. The share incomes of the members from the fourth firm were assessable as their individual income only.
Section A (1 Mark)
_____________ is the transfer of the balance of an existing home loan that you availed at a higher rate of interest (ROI) to either the same HFC or another HFC at the current ROI a lower rate of interest.
Section B (2 Mark)
What is the monthly payment size of a 23-year mortgage for Rs165 600 and an interest rate of 5.25% compounded semi-annually?
Section B (2 Mark)
Fiscal policy generally has a _______ direct impact than monetary policy on the economy, and the formulation and implementation of fiscal policy is ______ than that of monetary policy.
Section A (1 Mark)
We divide phenomena into different departments and try to optimize each department rather than the whole. Which of the following is most likely consistent with this bias?
Section A (1 Mark)
________ bias means that investors are too slow in updating their beliefs in response to evidence.
Section A (1 Mark)
Which of the following statement is/are true?
Section B (2 Mark)
Which of the following statement is/are correct?
Section C (4 Mark)
Mr. Dinesh constructs a BULL Call Spread Strategy with one Nifty Call Option having a Strike price of Rs. 4100 available at a premium of Rs. 170.45 and another Nifty Call option with a strike price Rs. 4400 at a premium of Rs. 35.40.
The Net Payoff of BULL Call Spread Strategy
• If Nifty closes at 4300
• If Nifty closes at 3700
Section A (1 Mark)
During “Financial Independence” life stage, typical asset allocation should be
Section A (1 Mark)
----------- shifts the weights of securities in the portfolio to take advantage of areas that are expected to do relatively better than other areas.
Section C (4 Mark)
Read the senario and answer to the question.
Sajan and Jennifer want to accumulate funds for their vacation expenses as per their determined goal. They want to invest a fixed amount immediately from the Bonus amount he has received, and then in the beginning of every financial year till April, 2020 in a separate scheme of an Equity Mutual Fund. He would withdraw the required amount annually as adjusted for inflation from the Scheme from April, 2021 till April, 2036 for undertaking vacation trips. What approximate amount should be invested every year to achieve this goal?
Section A (1 Mark)
Forecasting errors are potentially important because
Section B (2 Mark)
Compute YTM of a bond with par value of Rs.1000/-, carrying a coupon rate of 8% and maturing after 10 years. The bond is currently selling for Rs.850/-.
