Question 1

What would be the taxable value added in Dr. Vijay Mohan’s income for Gratuity receipt of Rs. 8,00,000 at the time of retirement. He is covered under the Payment of Gratuity Act 1972. He retired after 28 years of service with monthly salary of Rs. 40000 p.m. Assume Income Tax provisions pertaining to AY 2011-12 would be applicable at the time of retirement?

Options :

A : Rs. 3,50,000

B : Rs. 2,40,000

C : Rs. 5,60,000

D : Rs. 1,53,146

Answer: D

Question 2

IFSC stands for:

Options :

A : Inter-bank Financial Sector Code

B : Inter-bank Funds Settlement code

C : Inter-bank Financial Service Code

D : None of the above

Answer: B

Question 3

Risk is

Options :

A : A peril

B : A hazard

C : A probability of loss

D : A certain outcome

Answer: C

Question 4

Trading horizon is ______________

Options :

A : Is stated in money terms

B : Is calculated as the opportunity lost

C : Is calculated in number of days

D : None of the above

Answer: C

Question 5

The Portfolio consists of two securities, X and Y in the ratio of 70:30. Given that

and covariance between them is 16%, what is the portfolio risk?

Options :

A : 13.77%

B : 8.04%

C : Nil

D : 25%

Answer: B

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