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What is the true regarding Debt and Equity?
Which insurance can be taken even if it’s a certain event to occur?
When portfolio should be rebalanced?
What is true regarding Defined Benefit Plan.
The residual (useful) life of the property should be at least ___ for a reverse mortgage.
Losses from speculative business can be carried forward for a period of ____.
Which option in mutual fund is equal to regular income provision for the investor?
In Post office MIS Scheme minimum amount invested can be _____ and further multiples of _____ can be invested.
Post office MIS Account Matures in _____.
What is true about Indexing?
What is the facility given to the ULIP Investors?
Can Financial Adviser take advisory fee in cash?
What will be the first step of Financial Planning?
What is attached with KIM?
Who manufactures the product in Mutual Fund?
Who is responsible for taking payment and releasing funds in mutual fund?
Who governs institute of Chartered Accountants?
Issuance of capital in the primary market classified under Broad Heads excludes?
_____ Analysis is about looking for clues in the share price itself for its future behaviour.
Inflation risk is highest in _____.
An investor is choosing between two investment propositions ‘A’ and ‘B’. The return from both over the last one year is the same at 12%. But ‘A’ has a standard deviation of 5% and ‘B’ has a standard deviation of 10%. Which of the two has a higher risk?
What do you mean by Debt Counselling?
Loans taken to buy financial assets are called:
The process of dividing the portfolio among different assets so that the overall portfolio’s return is protected from the effect of a fall in one or few assets is called _____.
Asset allocation varies with the stage of life at which the investor is.
_____ is a risk transfer mechanism where a small premium payment can result in payments from the insurance company to tide over risks from unexpected events.
_____ are the causes of loss.
Requirements of insurable risk:
_____ is an insurance product that combines protection and investment by enabling the policy holder to earn market-linked returns by investing a portion of the premium money in various proportions in the equity and debt markets.
In case of health insurance policy claim is paid only if the patient is admitted to the hospital for ____ hours.
Investment made at distribution stage is income-oriented primarily.
Real rate =
In which of the plans the benefit at the time of retirement are fixed?
Gratuity is a _____ plan given by the employer to the employee for rendering services continuously for ____ years.
In a _____ the vesting age is some time away. In the deferment period, the corpus is built. The corpus is used to buy the annuity on the vesting age at the rates applicable at the time of buying the annuity.
____ is the age limit for opening a senior citizen saving account.
Post office monthly income scheme has a maturity period of _____ years and extension period of _____.
All receipts under RML shall be _____ from income tax.
Inflation does which of the following to retirement planning?
The income of a minor child clubbed with that of the parent is _____.
Premium paid for health insurance is allowed as deduction under which section?
____ section allows all assessee’s to claim deduction up to specified limits for contributions made to the charitable organization.
In case of gold and debt mutual fund, the holding period for calculation of being a Long Term Capital Asset is _____.
In case of debentures, indexation benefit is available only to _____ bonds.
Maximum limit of exemption available under section 54EC:
LTCL and STCL can be carried forward for ____ years.
_____ certifies that a particular Will was proved on a certain date and is given attaching a copy of the Will, of which probate has been granted.
_____ is an instrument by which a person may formally authorize another person to act on his behalf or as his agent on all matters or for a specific transaction or particular types of transactions.
The certificate of registration granted by SEBI is valid for a period of _____ years from the date of its issue.
_____ formulates and monitor India’s macroeconomic policies.
_____ is mainly concerned with the administration of the Companies Act.
_____ refers to the dealing in securities by persons connected with a company having material information that is not available to the public.
_____ involves disguising financial assets so that they can be used without detection of the illegal activity that produced them.
Mr. A invested Rs. 10000 every year @10% p.a. for 5 years, what amount he will get after 5 years?
If Mr. B’s current expense is Rs. 15,000 p.m. and inflation is 5% p.a. He plans to retire after 30 years. What amount he will need on retirement for the expense?
Mr. A’s current expenses are Rs. 50,000 p.m. He wants to take a life insurance cover for himself which provide his family expense for the next 20 years inflation-adjusted, assume inflation @5%, and invested the amount in debt security @8% p.a. What amount of insurance cover he should take?
Mr. A earns 15% p.a. compounded half-yearly return on his investment, inflation is 5%. What is the real rate of return he earned?
The scope of work to be done and the terms on which it would be done should be decided in which step of financial planning?
_____ is an essential component of financial goal.
Mr. Y need Rs 500,000 in current terms for his vacation to Dubai after 3 years if the cost escalation is 8%. What amount he will need to meet the expense?
_____ is the number of maximum contributions in a financial year that can be made up to the specified limit.
Who are eligible to open the PPF account?
Eligibility for Loan from PPF:
The risk which is applicable to the entire financial market is known as:
The document which states the intention of an individual with respect to his property which he desires to carry into effect after his death is known as?
Calculate the Net Annual Value of house property if Gross Annual Value is Rs. 120,000 and municipal tax paid for the previous year is Rs. 20,000.
Market timing is the strategy of:
Alternate investments are generally investments that have low risk. True or False?
An annuity certainly provides a stream of payments:
“Buy a Call” option means:
The process of preservation is known as _____.
_____ arises from the probability that income flows received from an investment may not be able to earn the same interest as the original interest rate.
Which of the following are systematic risk?
_____ is responsible to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operating the currency and credit system of the country to its advantage.
SEBI was set up as under the act?
_____ is an act to prevent money laundering and to provide for confiscation of property derived from money laundering.
ARN means:
Which of the following has a variable rate of return?
Salary is taxed in the year it is due or received.
_____ exempts from tax any amount received from an insurance policy.
Income from salary can be used to set off:
In an _____, the annuity payments begin immediately on purchasing the annuity.
Correlation Coefficient ranges between:
Mr. P’s household expenses in the year beginning were Rs. 55,800 but by year-end expense rise to Rs. 60,900. Calculate the rate at which expense increases.
Which of the following would be bought by the investor who has a growth objective?
The standard against which the performance of an instrument is measured is known as:
Which of the following create obligation?
If person dies without making a will is called?
Estate planning tools after the death of an individual:
Mr. M needs Rs.10,000 p.m. for the next 20 years after 10 years, what amount he should invest today if the rate of return is 8%?
Mr. N needs Rs. 10,00,000 then cost for purchase of new car after 5 years, what amount he should invest today if inflation is 5% and return rate is 8.5%?
Mr. P invests Rs. 13,604 semi-annually in equity fund he wants Rs. 100,000 after 3 years. What return he should expect to achieve from EQUITY?
Which among the following has to be registered with the SEBI?
_____ is an instrument by which a person may formally authorize another person to act on his behalf or as his agent on all matters or for a specific transaction or particular types of transactions
An investment in 8% Tax-free bond and investment in 10% taxable fixed deposit. Which is better for the Investor?
An investor wants to buy shares of ITC Ltd. Which types of risk is not there on investment?
What is least likely to impact the corpus requirement of the retirement Portfolio?
What is true about Correlation?
What is covariance?
Tax free bonds gives less returns than taxable bonds.
Who are exempted from obtaining registration under IA Regulations, 2013?
Which is true about Growth Option?
What is untrue about FMP (Fixed Maturity Plan)?
In Motor insurance which of the following is mandatory?
Power of Attorney is relationship between:
Fiduciary Capacity for executing a will lies with _____.
If a bond has a coupon of 8% and another bond is issued of the same maturity of 8.5%, what will be the price impact on an 8% coupon bond?
_____ policy provides cover for accidental injuries up to the sum assured.
Who can invest in foreign securities?
Small Savings Schemes are _____.
What can result in increase of EPS?
In which type of primary market issues are securities of an unlisted company issued to a selected set of investors?
Pension funds are managed by:
A retired old man should buy which type of annuity for cash flows requirement?
Equity Securities are held by _____.
Online mechanism of SEBI for grievance handling is:
What are the deductions allowed from NAV in house property?
_____ is a corporate action where the face value of the existing shares is reduced in a defined ratio.
In case of a stock split the value of the investor’s holding will change.
Mutual Fund is set up as:
A reverse mortgage loan cannot be availed against commercial property.
_____ allows all assessee’s to claim deduction up to specified limits for contributions made to a charitable organization.
Section 80TTA provides a deduction for interest earned from savings bank account up to a limit of _____.
In case of equity, if an investor redeems his holding after ____ months, it will be considered as long-term capital gain.
The share capital of a company will NOT increase when there is a _____.
Mr. Sharma invested Rs. 25000 today in equity and expect return @ 11% p.a. compounded monthly. What amount he will get after 10 years?
______ refers to the process of streamlining the income.
The amount of life insurance cover required depends upon the economic value that can be attached to human life. This is called the ______.
Age limit for opening senior citizen saving account in case of an individual retiring on superannuation or otherwise is _____.
New Fund Offer (NFO) of the scheme and it is kept open for a period not exceeding ____ days.
____ risk is specific to individual securities or a small class of investment and is diversifiable.
The portfolio has to reflect the current market price of the securities held. This process of valuing the portfolio on a daily basis at current value is called _____.
The Hindu Succession Act applies for which intestate succession?
_____ is for a fixed period or tenor. It offers units to investors only during the new fund offer (NFO).
LTCL can be set up from:
_____ select stocks for the portfolio based on a strategy that is intended to generate a higher return than the index.
Estate Planning tools during the lifetime of individual:
______ Scheme follows a value strategy.
______ is a legal declaration of the intention of the testator with respect to his property.
Interest Rate decreases, Bond Price increases.
______ are essentially debt instruments issued by the insurer. They are debt products that provide guaranteed payments to the investor.
______ exempts long-term capital gains on the transfer of any capital asset if they are invested in bonds specified for this exemption within a period of six months after the transfer in the financial year of the transfer or the subsequent financial year.
______ are add-ons to the basic insurance policy to supplement the insurance cover provided.
In case of debenture no indexation benefit is available.
Which of the following are features of Equity Linked Savings Scheme (ELSS)?
______ invests in funds of same fund house or various fund houses.
If interest rate falls then reinvestment risk _____.
A conservative investor wants to accumulate Rs.20 lakhs in 3 years’ time. What would be an appropriate investment option for him?
Dividend received by investors from mutual funds are exempt from tax.
The person named in the will to administer the estate of the deceased person is termed as an ____.
MR. Jain is 40 years old today and his current monthly expense is Rs 50,000 p.m. which he expects to grow by 5%p.a. He plans to retire after 25 years and he will need the inflation-adjusted monthly expense for the next 20 years. What retirement corpus he should plan to have to meet his needs if corpus invested in debt fund is @7.5% p.a.?
Who are eligible to open the PPF account?
_____ arises from the probability that income flows received from an investment may not be able to earn the same interest as the original interest rate.
The process of dividing the portfolio among different assets so that the overall portfolio’s return is protected from the effect of a fall in one or few assets is called ______.
The nominee is not the real owner of your wealth.
______ Insurance is a pure risk cover product. It pays a benefit only if the policy holder dies during the period for which one is insured.
______ refers to a significant alteration or substitution of the name of a person by the name of another in relation to the record showing the right or title to the property.
Calculate the real rate of return if rate of return is 10% p.a. and inflation is 5%.
An investment adviser is required to maintain the records in physical or electronic format for a minimum period of ______.
_____ refers to the probability that borrowers will not be able to meet their commitment on paying interest and principal as scheduled.
If objective is liquidity than suitable investment is:
_____ refers to the ease with which an investment can be bought and sold in the market.
Defining a financial goal is done in which step of financial planning?
MR. A has goal to purchase a house of Rs. 1 Cr after 2 years and real estate escalation is 6%. What amount he will need for the goal?
Risk Capacity means:
Debt securities are subject to _____ risks.
_____ means having a combination of investments in a portfolio in such a way that a fall in the value on one or few will be made up by other investments that are doing well.
_____ is the apex regulator of the securities market and also responsible for its orderly growth and protection of the investor’s interests.
Asset allocation linked to financial goals is the most appropriate form of asset allocation strategy.
_____ strategy can be defined as an active management portfolio strategy that rebalances the percentage of assets held in various categories in order to take advantage of market pricing.
Public Provident Fund has ____ tax status (Investment, Interest, Maturity).
The _____ maintains the KYC records of an investor centrally.
Investment made at distribution stage is income-oriented primarily.
______ is the periodic rate of return on an investment after adjustment for inflation.
Which of the following is a Defined Benefit Plan?
Contribution of employer to EPS:
For government employees gratuity benefits received is _____.
_____ is the Back-Office for maintaining subscriber records.
On retirement a minimum of _____ of the corpus has to be used to buy a life annuity and the remaining can be taken as a lump sum.
SEBI was set up as _____ and under which act?
_____ is an act to prevent money laundering and to provide for confiscation of property derived from
Calculate the Tax Liability: Purchased 1000 Units of an Equity Mutual Fund on 1st Jan, 2019 @Rs. 285 each. Calculate the tax liability if Mr. B sold 1000 Units on 1st Aug, 2020 @Rs. 582 each.
Cost of bonus issue of shares to the shareholder is:
Mr. M will get Rs. 100,000 after 2 years from a deposit on its maturity in which he invested Rs. 50,000 3 years ago. What return he earned?
Indian stock market follow which settlement cycle?
A person has designed a strategy wherein he can generate a pre-defined fixed periodic income from mutual funds during his retirement years. Suggest which of the below plan should be used?
A credit rating agency will not use ____ as a criteria for grading public issues.
Short term funds carry _____.
In which following situation insured will not have insurance cover?
The return of difference between the value of beginning and End value of an investment at the time of exit is called?
Loss from Capital Asset can be taken forward for ____ number of years.
Which insurance can give a regular income due to any disability to the policy holder?
For calculation of retirement corpus required variable inputs required are:
For government employees all Gratuity Benefits are tax free.
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