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Section C (4 Mark)
Section C (4 Mark) Asit an industrialist wants to buy a car presently costing Rs. 10,00,000/- after 5 years. The cost of the car is expected to increase by 10% p.a for the first 3 years and by 6% in the remaining years. Asit wants to start a SIP with...
What would be the Net Payoff of the Strategy?
Section C (4 Mark) Nifty is at 3200. Mr. XYZ expects very little movement in Nifty. He sells 2 ATM Nifty Call Options with a strike price of Rs. 3200 at a premium of Rs. 97.90 each, buys 1 ITM Nifty Call Option with a strike price of Rs. 3100...
What would be the taxable amount on gratuity received by Jogen, if he would retired from an organization where employees are not covered under Gratuity Act?
Section C (4 Mark) Read the senario and answer to the question. What would be the taxable amount on gratuity received by Jogen, if he would retired from an organization where employees are not covered under Gratuity Act?A . Rs. 75,000B . Rs. 3,50,000C . Rs. NilD . Rs. 69,300View...
How much less would your payments be if you were able to save Rs2100 as a down payment before you purchase the new equipment?
Section B (2 Mark) To pay for new equipment with a cash price of Rs7500, you need to borrow at 5.3% compounded monthly, then make monthly payments for 32 months. How much less would your payments be if you were able to save Rs2100 as a down payment before you...
Section A (1 Mark)
Section A (1 Mark) The steps to establishing an investment policy are to state the Pass Your Certification With Marks4sure GuaranteeA . Minimum investment and maximum fees.B . Regulatory guidelines for prudent man investing.C . Objectives and constraints and preferences.D . Asset allocation parameters and time horizons.View AnswerAnswer: C
Section B (2 Mark)
Section B (2 Mark) Eric, who has lived in the Netherlands for the whole of his life, arrives in the UK on 1 June 2011 and remains in the UK until 31 December 2011, when he returns permanently to the Netherlands. His UK residence status for 2011-12 is:A . Resident...
Section A (1 Mark)
Section A (1 Mark) Corrections are often followed by ________.A . Channel lines.B . Momentum.C . Reversals.D . Consolidation.View AnswerAnswer: D
Section A (1 Mark)
Section A (1 Mark) A market timing approach that increases the proportion of funds in stocks when the stock market is expected to be rising, and increases cash when the stock market is expected to be falling is a:A . Strategic asset allocationB . Tactical asset allocationC . Portfolio optimizationD...
Section B (2 Mark)
Section B (2 Mark) An assessee was allowed deduction of unrealized rent to the extent of Rs. 40,000 in the past although the total unrealized rent was Rs. 60,000. He is able to recover from the tenant Rs.45,000 during the previous year on account of such unrealized rent. He shall...
Section B (2 Mark)
Section B (2 Mark) When the income of an individual includes Rs. 20000 as the income of his minor child in terms of section 64(1A), taxable income in this respect will be:A . Rs. 20000B . Rs. 15000C . NilD . Rs. 18500View AnswerAnswer: D
