Investment Adviser (Level 2) Free Demo Test 8

1 / 10

Health Insurance and Motor Insurance supplement _________needs of an Investor.

a) Asset Protection needs

b) Income replacement needs

c) Income Protection needs

d) All of the above

2 / 10

If an investor is in a 30% tax bracket, then a post-tax return of 8.4% is equivalent to ________ in pre-tax terms.

a) 14%

b) 13%

c) 15%

d) 12%

3 / 10

Which of the following financial instruments, covered under Section 80C, has an EEE (Exempt-Exempt-Exempt) status?

a) PPF

b) NSC

c) NPS

d) SCSS (Senior Citizen Saving Scheme)

4 / 10

Which of the following statements is/are true regarding Securities Lending and Borrowing (SLB)?

a) Securities traded in F&O segment and liquid Index Exchange Traded Funds (ETFs) are eligible

b) SLB executed on automated, screen-based, order-matching platform

c) Both (a) and (b)

d) None of the above

5 / 10

If a taxpayer owns a capital asset for more than 36 months before transferring it, it is considered a long-term capital asset. However, for specific assets like listed shares (equity or preference), units of equity-oriented mutual funds, and shares of listed companies on a recognized stock exchange in India, the holding period is reduced to 12 months instead of 36 months.

a) False

b) True

6 / 10

A standard deduction of _________% of the Net Annual Value is permitted for _________ properties.

a) 30%; Self occupied properties

b) 30%; Let out properties

c) 20%; Self occupied properties

d) 20%; Both let out and self occupied properties

7 / 10

Losses from the sale of mutual funds cannot be offset against:

a) income from salary

b) income from dividends and interest

c) income from residential property

d) All of the above

8 / 10

What is included in capital assets among the following?

a) Agricultural land in India

b) Route permit

c) Goodwill

d) Only 1 and 2

9 / 10

A partial withdrawal is permitted from the accumulated pension wealth in the NPS A/c, not exceeding _________ of the contributions, excluding any contribution made by the employer, if applicable.

a) 10%

b) 25%

c) 50%

d) 30%

10 / 10

10.

Pure risk is a type of risk that involves:

a) Chances of loss

b) Chances of gain

c) Chances of no loss or partial loss

d) Either A or B

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Investment Adviser (Level 2) Free Demo Test 8

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