Section A (1 Mark)
By agreeing to service any assets that are packaged together in the securitization process a bank can:
Section B (2 Mark)
Mr.Dinesh is transferred to Delhi and is paid a shifting allowance of Rs.20000 by his employers out of which he spends Rs.18000 for shifting his family and personal effects. Which of the following is true?
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
Section A (1 Mark)
Which of the Following needs to register as an' Investment Adviser' as per SEBI Investment Advisor Regulations 2013.
Section A (1 Mark)
Guarantees covering security deposit/earnest money/advance payment/ mobilization advance etc. would come under__________________ category
Section C (4 Mark)
Today is 14th February 2008 Mr. Mehta is 29 years old and is salaried. His wife, Nisha is a housewife. He has started depositing Rs. 5,000 at the beginning of each year in an education fund for his new born child.
He is earning a monthly income of Rs. 53000. His expenses are Rs. 27000 p.m. He takes the help of a wealth manager to plan his investments. He has taken housing loan and outstanding amount is Rs. 1000000 and outstanding amount on car loan is Rs. 300000.He is paying an EMI of Rs. 9547 on housing loan and an EMI of Rs. 2600 on car loan at the end of each year.
His other investments are as follows:
Mr. Mehta has joined the services after completing his education five years back. But during the previous year he works for 230 days.
Assumptions
Section B (2 Mark)
A person is treated as being UK resident for a tax year if he or she is physically present in the UK for at least ___ days in the year or makes regular visits to the UK averaging at least ___ days per year. Fill in the blanks.
Section C (4 Mark)
Which of the following firms is likely to have the same value from both models?
Section A (1 Mark)
Generally speaking, high severity of losses will be accompanied by
Section B (2 Mark)
Assume that you purchased 100 shares of ABC in a self directed account and paid a commission on the transaction. Shortly following the purchase, you realize that you momentarily overlooked another 100 shares of ABC that you already owned in another account. Now, the redundant holdings are causing an imbalance in your overall portfolio.
What is your reaction to this situation, in case of Endowment Bias?
Section C (4 Mark)
Read the senario and answer to the question.
If Saxena’s debentures have a balance maturity period of 15 years &the coupons are payable annually, what should be the market valuation of these debentures, if risk free interest rate is taken as the required IRR?
Section C (4 Mark)
You as a Chartered Wealth Manager are approached by a client who is depositing some amount in an account that pays a ROI of 12% p.a compounded monthly. She also has an option of investing in another account that pays ROI 12.76% p.a. compounded annually. She wants to know which of these is a better choice.
Section C (4 Mark)
Consider the following information for three mutual funds:
Market Return 10%
Risk free return is 7%.
Calculate Jensen measure (%).
Section A (1 Mark)
Securities with betas less than 1 should have:
Section B (2 Mark)
A financial institution plans to issue a group of bonds backed by a pool of automobile loans. However, they fear that the default rate on the automobile loans will rise well above 4 percent of the portfolio – the projected default rate. The financial institution wants to lower the interest payments if the loan default rate rises too high. Which type of credit derivative contract would you most recommend for this situation?
Section B (2 Mark)
Which one of the following statements is/are correct?
Section A (1 Mark)
The demand for insurance tends to be inelastic because of
Section A (1 Mark)
A type of investor who is willing to risk his own capital and give up security to gain wealth is known as:
Section B (2 Mark)
Non-Resident (NR) is __________on Indian Income and ___________on Foreign Income.
Section B (2 Mark)
In UK, which of the following types of income is not specifically exempt from income tax?
Section C (4 Mark)
To fulfil the Educational Qualification to be registered as an Investment Advisor under the SEBI Investment Advisor Regulations 2013, The applicant must:
Section B (2 Mark)
The feature of the APT that offers the greatest potential advantage over the CAPM is the ______________.
Section A (1 Mark)
_____________seek to explain people's preferences in relation to consumption and saving over the course of their life.
Section A (1 Mark)
A Wealth Management model in which private client and Institutional Asset Management are kept entirely separate is known as
Section A (1 Mark)
Ratio of loading charge over the gross rate is called _________
