Is it possible to reduce the risk by adding a security with a higher risk to a security with a lower risk that is already held?

A. No, the total risk after the addition will be higher

B. The new security will have no impact in reducing the risk

C. Yes, provided both the securities are negatively correlated

D. Yes, provided both the securities are positively correlated to each other

Rapid accumulation stage suggests that the net worth is ________

A. 1 times of annual income

B. 2 times of annual income

C. 3 times of annual income

D. 4 times of annual income

In case of Pvt. Company memo must be signed by atleast …….. person

A. One

B. Two

C. Seven

D. Fifteen

During “Financial Independence” 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. 100% equities

If the deceased has two widows, four sons and two daughters then what is the share of each widow

A. One seventh of estate

B. One half of estate

C. One eighth portion

D. One fourteenth portion

Often burdened with loan and generally both of the spouses work to earn their living. Under which category this type of family falls?

A. Mature family

B. Young family

C. Empty Nesters

D. None of the above

In “Teenage Years” life stage, one learns about ___________

A. Budgeting

B. Earned income

C. How money makes money

D. All of the above

If POA in respect of in moveable property of value more than ………………….it must be registered

A. Rs. 50

B. Rs. 100

C. Rs. 50000

D. Rs. 100000

“Premium” is associated with

A. Forward

B. Futures

C. Options

D. All of the above

A trust is extinguished if

A. All the beneficiaries who all competent to contract have given their consent for revocation of the trust

B. Fulfillment of its purpose her become impossible

C. In purpose is completely fulfilled

D. Any one of the above

Deduction under section 80QQB is allowed in respect of royalty income to:

A. an individual who is an author of a book

B. an individual who is resident in India and who is an author of a book

C. an individual who is resident in India who is either an author of a book or a joint author of the book

D. None of These

The trust is empty at creation during life and will transfer the property into the trust at death

A. Special trust

B. Will trust

C. Secret trust

D. Pourover trust