Once the client accepts the proposal to prepare a wealth plan what is the next thing done by a wealth manager?

A. The client signs the authority letter

B. The client signs the acknowledgment

C. The wealth manager makes an appointment with the client to present a plan

D. All of the above

Which of the following is allowed as deduction from net annual value of a property?

A. Repairs & collection charges

B. Insurance premium

C. Interest on loan borrowed for repairs

D. All the above

Diversification is most effective when the returns on securities are:

A. Positively correlated.

B. Zero correlated.

C. Negatively correlated.

D. High correlation

Hedging with commodity futures

A. reduces the risk of loss

B. results when an investor buys a contract

C. occurs when the individual takes delivery

D. is the opposite of selling short

Which of the following term means joint venture in Islamic Banking terminology?

A. Murabahah

B. Mudarabah

C. Musharakah

D. Musawamah

Which of following statement is/are true in relation to PPF account?

A. Statements I & II are true

B. Statements II & III are true.

C. Statements I & IV are true

D. Statements III & IV are true

For calculating the benefit under Entertainment allowance, salary means,

A. Basic Salary

B. Basic Salary + DA

C. Basic Salary + DA + commission

D. Basic Salary + DA + commission + Bonus

Which of the following is not the non- formal sources of law?

A. Custom

B. Equity

C. Precedents

D. Standards of Justice

Hybrid deposit is a type of

A. Demand Deposit

B. Term Deposit

C. Mutual Fund

D. None of the above

Which of the following statements with regard to Human Capital is/are correct?

A. Only II

B. Only I

C. Both I and II

D. None of the above

Long term interest rate is equal to .......

A. Real rate of interest + expected average inflation rate.

B. Annual return + expected inflation rate.

C. Average Returns + expected inflation rate.

D. None of the above

The standard deviation of the returns of a portfolio of securities will be _________ the weighted average of the standard deviation of returns of the individual component securities.

A. Equal to

B. Less than

C. Greater than

D. Less than or equal to (depending upon the correlation between securities)