"Tier 1 in the Basel framework includes each of the following, except ______."

A. Permanent shareholders equity

B. fully paid ordinary shares

C. Undisclosed reserves

D. Perpetual non-cumulative preference shares

“Accumulation” is the age between ________

A. 0-25

B. 25-55

C. 55-75

D. 75 or above

During “Early accumulation” life stage, typical asset allocation should be

A. 25% equities, rest in fixed income instruments

B. 50% equities, rest in fixed income instruments

C. 75% equities, rest in fixed income instruments

D. 100% equities

Surender the driver causes injuries to a pedestrian by rash driving of car. The injured victim had to spend Rs.1000 in treating his injuries. Surender ‘s act has created liabilities under

A. Common law

B. Contract

C. Statue and Common law

D. Statute only

…………………. Is implied in favor of the party creating it

A. Express trust

B. Resulting trust

C. Constructive trust

D. Pre-catory trust

Preparation of budget of a client is like doing _______________ for a patient

A. A Lipid Profile

B. ECG

C. X-Ray

D. All of the above

A false statement (wrong representation) which is made willfully with an intention to deceive the other party is called:

A. Innocent Misrespresentation

B. Fraud

C. Fraudulent Misrespresentation

D. Misrepresentation

The client behavior is influenced by which of following motivators in order to regulate his needs and wants?

A. Psychological needs

B. Social Needs

C. Self fulfillment needs

D. All of the above

Cash credit is treated as out of order if ____________.

A. No credits continuously for 90 days

B. Credits not adequate to cover interest for 90 days

C. Either of the above

D. None of the above

Garnishee order is issued by:

A. Income Tax Authorities

B. Court

C. Bank

D. SEBI

The portfolio manager adds new stock to a portfolio. The stock has the same standard deviation as the existing portfolio but a correlation of coefficient with the existing portfolio that is less than +1.What effect will adding the new stock have on standard of the revised portfolio?

A. The standard deviation will increase

B. The standard deviation will decrease

C. The standard deviation will be unaffected

D. Impossible to say without more information

What is ‘Mudharabah’

A. Sale

B. Islamic loan transactions

C. Exchange contracts

D. Profit sharing