GLO_CWM_LVL_1

If a testator makes a will ‘to induce another person to make him comply with his (testators) wish’ but does not have any testamentary operation or intention, then this will is called asA . Concurrent willB . Sham willC . Disguise willD . Duplicate willView AnswerAnswer: B

Merton’s theory is ___________A . Of continuous time financeB . a link from Arrow-Debreu world to real worldC . about dynamic replicationD . All of the aboveView AnswerAnswer: D

If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure isA . Not allowable as a deduction in computing profits and gains of business or profession.B . Fully deductible as revenue expenditure in the year in which it...

Partition can be effected orally & there is no requirement in law that the partition must the evident try a written agreementA . TRUEB . FALSEView AnswerAnswer: A

Preparation of budget of a client is like doing _______________ for a patientA . A Lipid ProfileB . ECGC . X-RayD . All of the aboveView AnswerAnswer: C

What is ‘Mudharabah’A . SaleB . Islamic loan transactionsC . Exchange contractsD . Profit sharingView AnswerAnswer: D

A return relative isA . Total returnB . Total return +1C . 1/ Total returnD . 1 + 1/ Total returnView AnswerAnswer: B

During “Early accumulation” life stage, typical asset allocation should beA . 25% equities, rest in fixed income instrumentsB . 50% equities, rest in fixed income instrumentsC . 75% equities, rest in fixed income instrumentsD . 100% equitiesView AnswerAnswer: B

Document required to open a bank account is/areA . Identity ProofB . Residence ProofC . PhotographsD . All of the aboveView AnswerAnswer: D

_______ is an unconditional written order to pay money.A . Bill of ExchangeB . ChequeC . Both of the aboveD . None of the aboveView AnswerAnswer: C