Section B (2 Mark)
A dealer sold one January Nifty futures contract for Rs.250,000 on 15th January. Each Nifty futures contract is for delivery of 50 Nifties. On 25th January, the index closed at 5100. How much profit/loss did he make ?

A. Profit of Rs. 9000

B. Loss of Rs. 8000

C. Loss of Rs. 9500

D. Loss of Rs. 5000

Section A (1 Mark)
An Agreement entered into between the Sellor and Buyer for transfer of the right / ownership of the property on an outright sale/purchase is known as __________.

A. Lease / Tenancy Agreement

B. Development Agreement

C. Agreement for Sale

D. Indemnity Bond

Section C (4 Mark)
Nifty is at 3200. Mr. XYZ expects large volatility in the Nifty irrespective of which direction the movement is, upwards or downwards. Mr. XYZ buys 2 ATM Nifty Call Options with a strike price of Rs. 3200 at a premium of Rs. 97.90 each, sells 1 ITM Nifty Call Option with a strike price of Rs. 3100 at a premium of Rs. 141.55 and sells 1 OTM Nifty Call Option with a strike price of Rs. 3300 at a premium of Rs. 64.
What would be the Net Payoff of the Strategy?

• If Nifty closes at 2929
• If Nifty closes at 4325

A. -9.75 and 9.75

B. -9.75 and -9.75

C. 9.75 and -9.75

D. 9.75 and 9.75

Section B (2 Mark)
An investor expects the price of a stock to double after eight years. What is the expected annual rate of growth?

A. 2%

B. 8%

C. 9.05%

D. None of the above

Section A (1 Mark)
Riskier stocks have

A. Higher P/E multiple

B. Lower P/E multiple

C. Higher variance

D. (B) and (C)

Section B (2 Mark)
Which of the following statements is / are correct?

A. I, II and III

B. I, III and IV

C. II, III and IV

D. All of the above

Section C (4 Mark)
Monika has a investment portfolio of Rs. 100000, a floor of Rs. 75000, and a multiplier of 2.
So the initial portfolio mix is 50000 in stocks and 50000 in bonds. If stock market falls by 20%, what should Monika do?

A. She should sell Rs.10000 of stocks and invest it into bonds

B. She should sell Rs.10000 of bonds and invest it into stocks

C. She should sell stocks and bonds equally

D. She should buy Rs.20000 of stocks to average

Section B (2 Mark)
Last year, Owen Technologies reported negative net cash flow and negative free cash flow. However, its cash on the balance sheet increased. Which of the following could explain these changes in its cash position?

A. The company had a sharp increase in its depreciation and amortization expenses.

B. The company had a sharp increase in its inventories.

C. The company issued new common stock.

D. Statements a and b are correct.

Section A (1 Mark)
If POA in respect of in moveable property of value more than ………………….it must be registered

A. Rs. 50

B. Rs. 100

C. Rs. 50000

D. Rs. 100000

Section B (2 Mark)
Which of the following statements with respect to International Taxation Structure is/are correct?

A. I and II

B. III and IV

C. I, II and IV

D. I, II and III

Section A (1 Mark)
Real estate property consists of:

A. Residential properties

B. Commercial properties

C. Speculative properties

D. All of the above

Section A (1 Mark)
The bank's real estate loan officer should consider which of the following aspects of the customer's loan application carefully when making a home mortgage?

A. The amount and stability of the borrower's income

B. The borrower's available savings and where the down payment is coming from

C. The borrower's track record in caring for and managing property.

D. All of the above are things that need to be looked at carefully