1. For tax purposes, what will be the assessment year, for the financial year 2007 – 2008?
a. 2005-2006.
b. 2006-2007.
c. 2007-2008.
d. 2008-2009.
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2. Who is India’s banking regulator?
a. Reserve Bank of India.
b. Central Bank of India.
c. Securities and Exchange Board of India.
d. State Bank of India.
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3. Who regulates Mutual Funds in India?
a. RBI
b.SEBI
c.AMFI
d.SHCIL
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4. A mutual fund issues an offer document of a scheme:
a. Once a month
b. Once a quarter
c. Twice a year
d. When the scheme is launched
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5. Returns: expected in unit-linked insurance plans (Ulips) is:
a. Assured return of 10 percent.
b. Assured return of 6 percent.
c. Linked to market.
d. None of the above.
  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
6. Which of the following perils is not covered in household insurance?
a. Earthquake.
b. Terrorist attacks.
c. Missile testing.
d. Floods.
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7. For filing IT returns, a person becomes a resident of India, if he stays in India in a financial year for a period of:
a. For less than 182 days.
b. For more than 182 days.
c.For 182 days or more.
d. For 181 days.
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8. What does EMI stand for?
a. Equated monthly installment.
b. Equal monthly installment.
c. Equal minimum installment.
d. Equitable monthly installment.
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9. How many sectoral indices does the Bombay Stock Exchange have?
a. 11.
b. 12.
c. 13.
d. 14.
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10. When you buy property, the area that you actually get is called:
a. Carpet area.
b. Built-up Area.
c. Super built-up area.
d. None of the above.
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