Section B (2 Mark)



Which of the above statements is/are correct?

A. (i) only

B. (ii) only

C. (i) and (ii) both are correct

D. Both are incorrect

Section A (1 Mark)
Convertible bond arbitrage is to event driven as _________ is to corporate restructuring.

A. Market neutral

B. Short selling

C. Distressed securities

D. Market timers

Section A (1 Mark)
H Ltd, a UK resident company, owns 100% of the share capital of two other UK companies and 80% of the share capital of T SA, a company resident in Italy.H Ltd has three associated companies.

A. TRUE

B. FALSE

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 Technical Services are:

A. 10

B. 15

C. 20

D. 18

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

A. (i) only

B. (ii) only

C. Both are correct

D. Both are incorrect

Section A (1 Mark)
If the economy were going into a recession, an attractive industry to invest in would be the ________ industry.

A. Automobile

B. Medical Services

C. Construction

D. A and C

Section B (2 Mark)
Mahesh wants to sell a property for Rs. 30 lakhs. He is earning rent from tenant Rs. 3,60,000. He is spending following amounts annually on that property.



Based on the above information what should be the value of the property would be:

A. 32,25,714.29

B. 31,94,570.43

C. 35,91,765.19

D. 41,53,210.21

Section A (1 Mark)
In marine insurance claims, insurable interest must shown to exist at the time of

A. loss

B. contract

C. both a and b above

D. none of the above

Section B (2 Mark)
Which of the following Biases are exhibited by Passive Preserver?

A. I and II

B. III and IV

C. I and III

D. All of the Above

Section A (1 Mark)
The definition of a drawdown is

A. A method to limit taxable gains for investors

B. A decline in the net asset value of the hedge fund

C. A year end management fee

D. A withdrawal made while fully invested

Section A (1 Mark)
Which ONE of the following in not the requirement for managing customer?

A. Need and want of customers

B. Measurement of most or least profitability of customer or product

C. Measurement of least growth potential of product or customer

D. Knowing which customers will be advocates and supporters

Section B (2 Mark)
A Resident is defined as not Ordinarily Resident provided such individual has been: a nonresident in 9 out of 10 Financial Years preceding the current year or his stay in India totals to _________days or less in ___________financial years preceding the current year.

A. 730 and 8

B. 729 and 7

C. 860 and 9

D. 856 and 10