Investment Adviser (Level 2) Free Demo Test 4

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1 / 10

1. The account is a voluntary investment account of the subscriber under NPS.

a) Tier I

b) Tier II

c) Both Tier I and II

d) Either Tier I or Tier II as specified by the subscriber while filling the application form

2 / 10

2. If the two persons are related by blood or adoption, wholly through females then what is said for one person to another:

a) Cognate

b) Agnate

c) Urine Blood Relations

d) None of the above

3 / 10

3. Which of the following statements about reverse mortgage is FALSE?

a) The rate of interest and the nature of interest (fixed or floating) will be decided by the lender.

b) Any transfer of a capital asset in a transaction of reverse mortgage shall be regarded as a transfer.

c) A borrower, under a reverse mortgage scheme, will be liable to income tax only at the point of alienation of the mortgaged property by the mortgagee for the purposes of recovering the loan.

d) The Reverse Mortgage loan can be prepaid at any time during the currency of the loan.

4 / 10

4. __________ is a part of salary that is received by an employee from his/her employer in gratitude for the services offered by the employee in the company.

a) Gratuity

b) Annuity

c) PF

d) PPF

5 / 10

5. Securities Transaction tax is paid as per the tax slab (marginal rate) of the investor.

a) True

b) Flase

6 / 10

6. An Investor invests in Equity and Gold ETF in the ratio 70:30. However after some time he feels that Equity markets will underperform in the short term while Gold will give good returns over the same time frame. He switches the allocation to 70:30 in favor of Gold ETF. This is an example of _________.

a) Strategic Asset Allocation

b) Tactical Asset Allocation

c) Fixed Asset Allocation

d) Flexible Asset Allocation

7 / 10

7. Gratuity in the hands of government employee is ____________.

a) Fully taxable

b) Fully exempted from tax

c) Taxable on maturity

8 / 10

8. Chintu is earning Rs.15 lacs p.a. and expects his income to increase by 2% every year. He also expects a growth of 8% on his investment. He has 15 years of working life left as he would retire at the age of 55. Calculate the insurance he needs as per Human Life Value as on today?

a) Rs.1.55 crores

b) Rs.2.44crores

c) Rs.1 crore

d) Rs.1.78crores

9 / 10

9. Maximum tenure of a RML is______________________?

a) 10 Years

b) 15 Years

c) 20 Years

d) 25 Years

10 / 10

10. An investor under the National Pension System can choose which of the following asset classes?

a) Corporate debt

b) Government Securities

c) Equities

d) Alternative Investment Funds

e) Any of the above

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Investment Adviser (Level 2) Free Demo Test 4

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