Section A (1 Mark)
General Insurance business was established in India in

A. 1818

B. 1938

C. 1912

D. 1850

Section A (1 Mark)
_________________ is the most important source of revenue for states in US.

A. Income Tax

B. Property Tax

C. Sales Tax

D. None of the above.

Section C (4 Mark)
Which of the following statements are correct?

A. I and II

B. I and III

C. III and IV

D. I, II and III

Section A (1 Mark)
Which of the following statements about Real Estate Investment Trusts is/are true?

A. REITs invest in real estate or loans secured by real estate.

B. REITs raise capital by borrowing from banks and issuing mortgages.

C. REITs are similar to open-end funds, with shares redeemable at NAV.

D. Both A and B are true.

Section A (1 Mark)
The basic competitive factors facing industries include all of the following except:

A. Bargaining power of suppliers

B. Threat of government regulation

C. Rivalry between existing competitors

D. Threat of substitute products

Section A (1 Mark)
EMH frequently include, among others, assumptions such as:

A. I and II

B. II and III

C. I and III

D. All of the Above

Section B (2 Mark)
If JVM Industries pays dividend of Rs.6 per share which is growing at a 8 percent rate per year and is expected to grow at the same rate in future. Its required rate of return is 16%.
Determine its share price.

A. Rs. 55.75

B. Rs. 79.50

C. Rs. 81.00

D. Rs. 65.25

Section A (1 Mark)
Student loan is an example of:

A. Non Revolving Credit

B. Revolving Credit

Section C (4 Mark)
Saurabh decided to invest Rs.1,00,000/- in a portfolio of equities and debt mutual funds. He invests Rs. 60,000/– in equities, and 40,000/– in debt mutual fund.
A year later, Saurabh’s portfolio worth reached to Rs. 1,35,000/– (90,000/– equity, 45,000/– debt mutual fund). During the year Rs. 2,500/– cash dividends was received on the equity and Rs. 1,000/– dividend was received on debt mutual fund. Find out Saurabh’s return on equity fund & debt mutual fund for the year?

A. 54% & 15%

B. 51% & 14%

C. 53% & 15%

D. 54% & 18%

Section A (1 Mark)
If you cosign a loan:

A. You are only responsible for half of the debt obligation.

B. You will be asked, but not required, to pay the loan if full if the borrower fails to pay.

C. You will be required to pay the loan in full if the borrower defaults on the payments.

D. None of the above

Section A (1 Mark)
The fact that a consumer feels a strong moral and ethical responsibility to repay a loan on time refers to the ______________________ of that individual.

A. Capacity.

B. Character.

C. Capital.

D. Collateral.

Section B (2 Mark)
Miss Femina aged 17, is married to Mr. Masculine. Her mother alone is alive income by way of interest on loans, of Miss Femina will be:-

A. Assessed to tax in the hands of her mother

B. Exempt from tax

C. Taxable in her own hands

D. Assessed to tax in the hands of Mr. Musciline