Question 1

Mixed economy refers to.....

Options :

A :

Where both the public and private sector play a dominant role in the running of the country’s economy.

B :

Where economic decision and inputs are made by the free trading market

C :

Where economic decisions and inputs are made by the government through economic planning .

D :

All of the above

Answer: A

Question 2

Principal vectors of an active portfolio strategy are:

Options :

A : Market timing.

B : Sector rotation.

C : Security selection.

D : All of the above.

Answer: D

Question 3

Handing over Warehouse Receipt is an example of ________.

Options :

A : Constructive Delivery

B : Actual delivery

C : Intangible delivery

D : None of the above

Answer: A

Question 4

Purpose of budget is ____________

Options :

A : Spend money wisely

B : Reach financial goals

C : Prepare for financial emergencies

D : All of the above

Answer: D

Question 5

What would be the taxable value added in Dr. Vijay Mohan’s income for Gratuity receipt of Rs. 8,00,000 at the time of retirement. He is covered under the Payment of Gratuity Act 1972. He retired after 28 years of service with monthly salary of Rs. 40000 p.m. Assume Income Tax provisions pertaining to AY 2011-12 would be applicable at the time of retirement?

Options :

A : Rs. 3,50,000

B : Rs. 2,40,000

C : Rs. 5,60,000

D : Rs. 1,53,146

Answer: D