Question 1

What is the most essential characteristic to be in existence at the stage of establishing client relationship?

Options :

A : Collection of personal details

B : Establishing trust and confidence

C : Data gathering from the client

D : Providing the client with an healthy atmosphere

Answer: B

Question 2

Saurabh contributes Rs. 10,000 every year starting from the end of the 5th year from today till the end of 12th year in the account that gives a ROI of 7.75% p.a. compounded half yearly. Calculate the Present Value of his contribution today.

Options :

A : 39441

B : 39800

C : 42557

D : 36500

Answer: C

Question 3

Which of the following is not a part of scheduled banking structure in India?

Options :

A : Money Lenders

B : Public Sector Banks

C : Private Sector Banks

D : Regional Rural Banks

Answer: A

Question 4

Interest rate charged are higher in ……………

Options :

A : Prime mortgage

B : Sub prime mortgage

C : Simple mortgage

D : None of the above

Answer: B

Question 5

Which of the following are the key issues in retirement planning of service class?

Options :

A : A, D

B : A, B, D

C : A, C, D

D : A, B, C

Answer: D