NISM Series-X-B: Investment Adviser (Level 2) Certification Examination (Free Demo)

Rahul has current annual Income of Rs.9 Lac with an average increment of 5%. His Current age is 35 and will work till 60. With discount rate of 9% what should be his ideal life cover as per income-based method?

Manisha is 35 years old having annual expense of Rs. 720000. She will retire at 60 and wants to the extent of 80% post retirement. She wants inflation adjusted annual expense at the beginning of the year. Inflation is 5%. Life expectancy is 80. Manisha will invest her retirement corpus at the rate of 8%. what will be her corpus required.?

Mr. Arnav, aged 40, has a following goal ahead of him.

 Son’s post-graduate education: Due in Year 5. Current cost Rs 15,00,000 p.a. to be incurred at the end of each year for 2 years. Likely Inflation 15% p.a.

How much money will need to be set apart from the corpus at the end of Year 5, to finance the son’s post-graduate education? Assume the amount set apart will earn 6% interest.

Case Study-1 Krishna living in Mumbai is looking for a health insurance product as he wants
to increase the coverage for him and his family. Krishna already has a 500000 rupees of health insurance from employer and is now looking for a top up or super top up policy. You have suggested him either top up or super top up of 10 Lac.If Krishna has first claim of 4 lac and then second claim of 3 Lac What will be the claim paid in Second claim in Top- Up Policy

If a person takes a life insurance policy for:
Self 40000
Spouse 35000
Senior citizen parents 25000
Married son 30000
What is the amount of premium allowed as deduction under Section 80C of Income Tax Act?

A person bought gold ornaments worth 500000 rupees on 4th of November 2016. Later on, he sold all the gold ornaments in 8 lakh rupees on 7th of November 2020. What will be the capital gain tax liability on the client for such a transaction?

Personal law will be applicable on property owned by Hindus who married under the Special Marriages Act 1954:

Class-1 Heirs as per HSA Act 1956 includes except:

Which of the behavioral bias the investor has is referred here:“Newly acquired information conflicts with a pre-existing understanding, people may experience mental discomfort.”

“— is the process of distributing portfolio investments among different asset classes, such as money market instruments, bonds, stocks, real estate and commodities.

Mr J an investor decided to rebalance the portfolio when the assets in the portfolio have increased or decreased in certain specified value and, thereby, increased or decreased as a in certain specified percentage of the portfolio. Here what are the basis of rebalancing?

When there is a change in residential status of the investor ,what all should be changed?

Risk appetite of client has positive relationship , except_______

What is true regarding Insurable Interest?

Annuity is an example of____

Mr B came to India on 5 April 2019 and leaves India on 5 mar 2020. Will he be considered as resident of India?

Sara is 25 years old and wants to create corpus for retirement , she will retire at 60 years and want inflation adjusted per month expense.in which of the following security she should invest?

Ram invested Rs. 40 lakhs in a 30-year fixed monthly annuity providing a yield of 9% p.a. What will be the amount of monthly annuity if the start date is deferred by 3 years?

Who can take tax breaks in joint MF in ELSS scheme?