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NEW QUESTION 717
Section B (2 Mark)
Withholding Tax Rates for payments made to Non-Residents are determined by the Finance Act passed by the Parliament for various years. The current rates for Companies are:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 718
Section B (2 Mark)
Mr. Ram buys 100 calls on a stock with a strike of Rs.1,200. He pays a premium of Rs.50/call. A month later the stock trades in the market at Rs.1,300. Upon exercise he will receive __________.
- A. Rs. 1,200
- B. Rs. 1,150
- C. Rs. 6,000
- D. Rs. 10,000
Answer: D
NEW QUESTION 719
Section B (2 Mark)
Rahul decides to deposit Rs. 5,000/- every month into an account yielding 12 % per annum compounded monthly for 20 years. What will be the accumulated value in this account after 20 years and how much amount can be withdrawn from this account every month for a further period of 20 years of ROI is 8 % per annum compounded monthly?
- A. 0
- B. 1
- C. 41384.95
- D. 40230.85
Answer: C
NEW QUESTION 720
Section A (1 Mark)
A(n) _____________ is an assurance that investors will be repaid in the event of the default of the underlying loans in a securitization. These can be internal or external to the securitization process and lower the risk of the securities.
- A. Credit enhancement
- B. Stand line of credit
- C. Special Purpose Vehicle
- D. Credit Default Swap
Answer: A
NEW QUESTION 721
Section B (2 Mark)
The Wilson Corporation has the following relationships:
What is Wilson's profit margin and debt ratio?
- A. 4%; 0.67
- B. 2%; 0.33
- C. 4%; 0.33
- D. 2%; 0.67
Answer: B
NEW QUESTION 722
Section C (4 Mark)
Which of the following application of Options Strategy is correct?
- A. All of the Above
- B. I, II and III
- C. II, IV and V
- D. IV and V
Answer: B
NEW QUESTION 723
Section B (2 Mark)
Asset allocation policy
- A. II and III
- B. I and III
- C. I and II
- D. None of the above
Answer: D
NEW QUESTION 724
Section C (4 Mark)
Read the senario and answer to the question.
Calculate the tax liability of Mr. Neeraj for the A.Y.08-09 assuming that he has avail full deduction under section 80C
- A. Rs. 525000
- B. Rs. 496910
- C. Rs. 509500
- D. Rs. 485000
Answer: B
NEW QUESTION 725
Section A (1 Mark)
Active portfolio management consists of __________.
- A. Security analysis
- B. Indexing
- C. Market timing
- D. A and B
Answer: D
NEW QUESTION 726
Section A (1 Mark)
Wealth Enhancement is _____________
- A. Legally structuring the future disposition of current assets to minimize the benefits to chosen beneficiaries
- B. Ways to maximize tax efficiency of current assets and cash flows while achieving capital growth and preservation goals
- C. None of the above
- D. Using insurance to ensure wealth is protected
Answer: B
NEW QUESTION 727
Section B (2 Mark)
Nomination in gratuity can be done in favor of
- A. Anybody by the employee, if he does not have a family
- B. 2&3 both
- C. Anybody by the employee
- D. Only his family members
Answer: B
NEW QUESTION 728
Section B (2 Mark)
How much principal is repaid in the 77th payment interval on a RS 147 000 25-year mortgage if the mortgage is amortized over 20 years and the payments are monthly with rate of interest being 7.2% compounded monthly?
- A. Rs. 275.33
- B. Rs. 278.65
- C. Rs. 552.32
- D. Rs. 276.98
Answer: D
NEW QUESTION 729
Section A (1 Mark)
A covered call position is equivalent to a
- A. Vertical spread.
- B. Short put.
- C. Long put.
- D. Long straddle.
Answer: B
NEW QUESTION 730
Section A (1 Mark)
For calculating the benefit under Entertainment allowance, Salary means,
- A. Basic Salary
- B. Basic Salary + DA + commission + Bonus
- C. Basic Salary + DA + commission
- D. Basic Salary + DA
Answer: D
NEW QUESTION 731
Section A (1 Mark)
The strategies of convertible arbitrage, emerging markets, equity market neutral and fixed income arbitrage are categories of which alternative investments class?
- A. Hedge Funds
- B. Commodities
- C. Managed Futures
- D. Private Equity
Answer: A
NEW QUESTION 732
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