Where a coparcener with only his widow as legal heir dies, Can a partition be deemed as between the surviving coparcener and the widow on his death?

A. Yes it is a deemed as a partition u/s 6 of Hindu succession Act

B. Where the deceased dies issueless leaving a widow there is no question of a deemed partition u/s 6 of Hindu succession Act.

C. None of the above

D. Either of the Two

The difference between a wagering contract and insurance contract is ___________.

A. The insured has an insurable interest in the subject matter of insurance.

B. Money involved

C. Parties involved

D. None of the above

In Islamic Banking, Anything permitted by Shariah is called:

A. Israf

B. Halal

C. Haram

D. Hibah

Deflation is__________

A. Good for developed countries

B. A Boon

C. Good for developing economics

D. A phenomenon which has a number of negative aspects.

Short-term capital gain arising for the transfer of equity shares and units of equity oriented fund shall be taxable

A. at the normal rate

B. at the rate of 20%

C. at the rate of 10% if transferred on or after 1-10-2004

D. at the rate of 10% if transferred on or after 1-10-2004 through a recognized stock exchange & such transaction is chargeable to securities transaction tax

A firm’s earnings decline because of a strike, this is an example of:

A. Market Risk

B. Business Risk

C. Unsystematic Risk

D. Option B and C

If the assessed lets out his house to his employer, which in turn allots the same to him as rent free accommodation? How would such house property will be treated as:

A. Self occupied

B. Let out

C. Partly let out & partly self occupied

D. Partly let out and partly vacant

The concept of indemnity is based on the key principle that policyholders should be prevented from

A. Insuring existing losses

B. Making false insurance claims

C. Paying excessively for insurance cover

D. Profiting from insurance

Under the efficient market hypothesis, which of the following term best describes the movement of stock prices?

A. Statistical.

B. Random.

C. Diverse.

D. Predictable.

Inflation refers to ............

A. Increase in price rise

B. Decrease in price rise

C. Fall in money value

D. A and C

Pure premium and Loss Ratio methods are two methods to determine

A. Judgement Rated premium

B. Class rated premium

C. Merit rated premium

D. None of the above

After the satisfaction of insured’s claim from the insurer, the insured should pursue in the recovering of rights from the 3rd party.

A. Yes, If he is willing to do so

B. No, there is no obligation on his part

C. Yes, he has a duty to the same

D. Yes, if there is a mutual consent between insurer & the insured