Under the Provisions of Transfer, of Property Act, the unborn child acquires vested interest-

A. Upon his birth

B. 7 days after his birth

C. 12 days after his birth

D. 18 years after his birth

What is ‘Takaful’

A. Power Attorney

B. Safe keeping

C. Islamic insurance

D. Leasing

Agricultural income is exempt provided the

A. Land is situated in India

B. Land is situated in any rural area in India

C. Land is situated whether in India or outside India

D. Land is situated in any urban area in India

Indicate whether the following statement is True or False.
Money launderers often use professional intermediaries to layer their illegal funds. These professional intermediaries include lawyers, company formation agents, accountants and other professionals working in non-financial institutions. A banker is not generally regarded as a professional intermediary because he works in a financial institution.

A. True

B. False

The following is an exempt income:

A. Travel concession to employee

B. Remuneration received for valuation of answer scripts

C. Encashment of leave salary whilst in service

D. Perquisites in India

Determinants of real estate value are

A. Demand

B. Supply

C. The property

D. All of the above

Modern “Asset Allocation” is based upon the model developed by Harry Markowitz. Which of the following statement is/are correctly identified with this Model?

A. I & II only

B. I, II & III only

C. I only

D. I, II & IV only

Which of the following measure is most widely used as an indicator of inflation?

A. GDP

B. WPI

C. CPI

D. GDP implicit price deflator

…………… mortgage is an extremely good resource for retirement planning.

A. Simple mortgage

B. Equitable

C. Balloon

D. Reverse mortgage

Customers with good credit rating is eligible for ……………

A. Sub prime mortgage

B. Simple

C. Prime rate mortgage

D. Reverse mortgage

Any amount payable and the amount of refund due under the Income Tax Act,1961 shall be rounded off to the nearest multiple of.......... ?

A. Rs. 10

B. Rs. 1

C. Rs. 100

D. No rounded off is done

For higher per capita GDP........

A. GDP must grow at a faster rate than population

B. GDP must grow at a slower rate than population

C. GDP has no direct effect

D. None of the above