Who would get the first preference when the property of a deceased person is to be distributed

A. Government

B. Charitable societies

C. Agnates

D. Cognates

The interest payable for a housing loan outside India is not allowed as a deduction U/S 24 (1) while computing the income from house property?

A. True

B. False

Duration of National Savings Certificate is

A. 5 years

B. 6 years

C. 7 years

D. 10 years

Deduction u/s 80U in case of permanent physical disability (including blindness) allowed to:

A. an individual who is citizen of India

B. an individual who is resident in India

C. any individual assessed

D. None of These

A testamentary trust is affected after the

A. Death of the owner

B. Death of the trustee

C. Retirement of the owner

D. Beneficiary attiring age of 18

For making a personal financial statement for a client, the optimum cash levels would be

A. 2-3 months of cash requirement

B. 4-6 months of cash requirement

C. 6-9 months of cash requirement

D. 1 year of cash requirement

Company Deposits are regulated by

A. RBI

B. SEBI

C. CLB

D. None of the above

An inverted yield curve implies that:

A. Long-term interest rates are lower than short-term interest rates.

B. Long-term interest rates are higher than short-term interest rates.

C. Long-term interest rates are same as short-term interest rates.

D. Intermediate term interest rates are higher than either short-or long-term interest rates.

Risk can be

A. Financial

B. Non-Financial

C. Both of the above

D. None of the above

________ & ________ are functions of IMF

A. Surveillance, Technical assistance

B. Financial Assistance, improving living standards

C. Surveillance, United nations development business

D. None of the above

Money Laundering:

A. is itself a crime and it is built upon another crime

B. is not itself a crime but is built upon a crime

Open-ended funds have

A. Units for purchase and sell on a daily basis

B. have unit capital which is fixed

C. A fixed maturity

D. a price that is at a discount to NAV