Question 1

A ………………… mortgage is a mortgage which does not fully amortize over the term of the note thus leaving a balance due at ……………..

Options :

A : Reverse, Maturity

B : Simple, transfer

C : Balloon payment, maturity

D : Equitable, maturity

Answer: C

Question 2

"A borrower who has been given notice of enforcement of security interest, replies with his objections. What is expected of the secured creditor? "

Options :

A : Consider the objections fairly

B : "If objections not acceptable, convey to borrower within 7 days"

C : Both of the above

D : None of the above

Answer: C

Question 3

Processing dividend payout in Mutual Funds is role of

Options :

A : Sponsor

B : Trustee

C : AMC

D : Registrar & Transfer Agent

Answer: D

Question 4

SHG stands for:

Options :

A : Society Housing Group

B : Society Household Group

C : Self House Group

D : Self Help Group

Answer: D

Question 5

"Consider the following information for three stocks, Stock A, Stock B, and Stock C. The returns on each of the three stocks are positively correlated, but they are not perfectly correlated.

Portfolio X has half of its funds invested in Stock A and half invested in Stock B. Portfolio Y has invested its funds equally in each of the three stocks. The risk-free rate is 5%, and the market is in equilibrium.

Which of the following statements is/are correct?

Options :

A : II and III

B : Only II

C : I,II and III

D : Only IV

Answer: B

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