Which of the following statement is/are true?

A. I and II

B. I,II and III

C. I,III and IV

D. All statements are true

In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made

A. After 1/4/99

B. on or after 1/4/99

C. Before 1/4/99

D. On or after 1/9/2004

Which of the following statement is not true?

A. Correlation among the securities in the portfolio has nothing to do with the risk of portfolio

B. Return on any financial assets consists of current yield and capital yield

C. Risk of individual financial assets refers to variability of its returns around its mean returns

D. Return of a portfolio is simply weighted average of returns on individual securities in the portfolio multiplied by their corresponding proportions/weights in the portfolio.

DINK stands for _______

A. Direct in kind funding

B. Double income no kids

C. Deep interest no kids

D. None of the above

A security's beta coefficient will be negative if _____________.

A. Its returns are negatively correlated with market index returns

B. Its returns are positively correlated with market index returns

C. Its stock price has historically been very stable

D. Market demand for the firm's shares is very low

Fixed exchange-rate systems maintained by a gold standard have difficulty achieving equilibrium if

A. the money supply rises with surpluses.

B. the money supply falls with deficits.

C. inflation of costs and prices occurs with a balance-of-payments surplus.

D. changes in the money supply are unrelated to the state of the balance of payments.

Which annuity provides for regular payments, which stop on the first death among of the covered lives?

A. Joint life last survivor annuity

B. Annuity certain

C. Single life annuity

D. None of these

Duration is

A. Quoted in years

B. Weighted average term to maturity

C. Equal or less than it’s time to maturity

D. All of the above

What is the minimum number of members required, to form a society under section 20 of the Societies Registration Act, 1860?

A. 9

B. 7

C. 20

D. 10

Bijoy traced a missing person and was awarded a sum of Rs. 35,000. Although there was no stipulation to that effect, such receipt shall be:

A. Casual Income & fully taxable

B. Casual Income & exempt up to Rs. 5000

C. Fully exempt

D. None of the above

Highest Credit rating is depicted by symbol

A. AAA

B. AA

C. BBB

D. BB

Dividend received by a shareholder from an Indian company the whole of whose income is agricultural income shall be treated as:

A. agricultural income in the hands of shareholder and thus exempt

B. agricultural income and thus exempt but it will be subject to partial integration

C. exempt under section 10(34) but taxable in the hands of the company

D. income taxable under the head income from other sources