Which of the following options is not true about CODICIL?

A. It must be signed by the testator

B. It must be attested by two witnesses

C. It is an instrument made in relation to a will

D. An instrument made by family members of the testator

What is ‘Riba’?

A. Bills of exchange

B. Surplus value without counterpart

C. Capital accumulation

D. Promissory notes

Decision horizon is __________

A. Length of time between decisions to revise the portfolio

B. Length of time between decisions to redeem the portfolio

C. Minimum time interval over which investors can revise the portfolio

D. None of the above

The Number of foreign Banks operating in India is

A. 20

B. 25

C. 28

D. 32

Loss of a closely held company cannot be carried and set off unless on the last day of the previous year in which the loss was incurred and as on the last day of the previous year in which such loss is set off, at least:

A. 51% of shares are beneficially held by the same persons

B. 50% of the shares are beneficially held by the same persons

C. 49% of the shares are beneficially held by the same persons

D. 60% of the shares are beneficially held by the same persons

Which of the following statement is true?

A. Ordinary share capital is a high-risk high reward source of finance for investors

B. Companies can freely price their share issues.

C. Book building is a process to elicit demand for and price of, securities

D. All of the above

Document required to open a bank account is/are

A. Identity Proof

B. Residence Proof

C. Photographs

D. All of the above

Which of the following is not a business risk?

A. Change of business cycles

B. Change in Government policy

C. Change in Government Law which affecting a particular industry

D. Changes in Interest Rate

In a life insurance contract, offer refers to

A. Proposer paying the first premium

B. Proposer’s application form for insurance

C. Original policy bond

D. Company brochure duly authenticated

What is burn Arbun?

A. Loan of a particular piece of property

B. Credit sale

C. Down payment

D. Deposits in trust

Solvency ratio is usually __________ in the case of young couples as compared to senior citizens

A. Lower

B. Higher

C. Equal

D. There is no comparison

In …………………without delivery possession of the mortgaged property, there mortgager binds himself personally to pay the mortgage money

A. Usufructuary mortgage

B. Simple mortgage

C. English mortgage

D. Anomalous mortgage