What do you mean by ‘Mortgage’?

A. To Sell

B. To pledge

C. Type of installment credit

D. None of the above

Which of the following is/are not the agency functions of a Commercial Bank?

A. I and III

B. Only III

C. Only IV

D. III and IV

Maximum no. of members in case of private company is

A. 50

B. 100

C. 150

D. 200

Which of the following is not true in respect of the conditions essential for taxing income under the head income from House Property?

A. The property must consist of buildings and land appurtenant there to

B. The assessed may or may not be the owner of such house property

C. The property may be used for any purpose, but it should not be used by the owner for the purpose of any business or profession carried on him, the profits of which are chargeable to tax.

D. None of the above

A review of portfolio should be done when

A. One witnesses a change in micro level factors

B. One witnesses a change in macro level factors

C. One witnesses new products floating in the market

D. All of the above

Any amount payable and the amount of refund due under the Income Tax Act,1961 shall be rounded off to the nearest multiple of.......... ?

A. Rs. 1

B. Rs. 10

C. Rs. 100

D. No rounded off is done

Joint account of two or more NRIs are permitted in case of:

A. FCNR a/c

B. NRE a/c

C. NRO a/c

D. All of the above

What is the Relationship of Banker with the payee of a draft issued by the Bank?

A. Agent and principle

B. Trustee and Beneficiary

C. Debtor and Creditor

D. Bailee and Bailor

During “Teen age years” 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. None of the above

IMF has _____ directors

A. 5

B. 10

C. 15

D. 24

Which of the following is a self funded retirement security?

A. Old age pension scheme

B. Public provident fund

C. Joint family system

D. Provident Fund

BIS handles each of the following, except ________."

A. Forum to promote discussion and policy analysis

B. Centre for economic and monetary research

C. Credit rating of global banks.

D. Prime counter-party for central banks