A bond can be issued at premium if

A. Coupon rate > Required returns

B. Coupon rate < Required returns

C. Coupon rate = Required returns

D. None

X Ltd. has failed to remit the tax deducted at source from annual rent of Rs. 6,60,000 paid to Mr. A for its office building. Said rent is —

A. fully allowable as a business expenditure;

B. not allowable in view of Section 40(a)(I);

C. allowable to the extent of 50%;

D. none of the above.

In case where amount of wealth tax exceeds one hundred thousand rupees rigorous imprison-ment for a term not be less than …………

A. One month which may extend to one year

B. Only fine

C. Six months which may extend to 7 years

D. On year to 10 years

In case of monthly premium payments, days of grace are

A. 10 Days

B. 15 Days

C. 30 Days

D. Three Weeks

Types of shares are

A. Preference shares

B. Bank deposits

C. Debentures

D. All of the above

A return relative is

A. Total return

B. Total return +1

C. 1/ Total return

D. 1 + 1/ Total return

NRE stands for

A. Non recurring expenses account

B. Non resident External account

C. Non recoverable expense account

D. None of the above

Fundamental Analysis involves

A. Reading charts of the stock

B. Reading of company’s financials

C. understanding the volume associated with stock

D. None of the above

Forward contracts are

A. Standardized

B. Traded on exchange

C. Customized

D. None of the above

To take care of the risks during the foreign travel, Overseas Travel Insurance policy cover provides various other covers, in addition to __________ insurance, such as baggage cover, loss of transport cover, personal accident cover, personal legal liability cover etc.

A. Medical

B. Health

C. Life

D. Property

Paintings and Stamps are examples of

A. Precious Metals

B. Derivatives

C. Equity

D. Collectibles

Benefit of investing in a share is /are

A. Earning a dividend

B. Capital appreciation

C. Getting bonus shares

D. All of the above