1. What is the book value of a share?
a. Its issue price
b. Its market price
c. Value of assets it represents
d. None of above
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2. Which was the first mutual fund house in India to offer insurance to its systematic investment plan customers? age of 65?
a. Reliance Mutual Fund
b. UTI Mutual Fund
c. Birla Sun Life Mutual Fund
d. DSP ML Mutual fund
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3. What is the sale price of a mutual fund unit which an NAV of Rs 15, exit load of 3 per cent and entry load of 2.25 per cent?
a. Rs 14.6625
b. Rs 15.4500
c. Rs 15.3375
d. Rs 14.5500
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4. When does a travel insurance policy bought in India become active?
a. When you check in an embark
b. When you step out of the house to reach the airport
c. Only when you land overseas
d. When you buy it
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5. Which of the following is true for a pure team insurance policy only?
a. It offers only insurance with return of premiums at the end of the policy terms
b. It offers you insurance with no return of premium or savings
c. It gives you insurance cover, as well as invests your money
d. None of the above
  
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
6. The payment of interest on a home loan qualifies of deduction from gross income under which section of the income tax act?
a. Section 24
b. Section 42
c. Section 80C
d. Gets no deduction
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7. What is the maximum period of banking ombudsman will wait for a settlement before passing an award?
a. 1 Week
b. 1 Month
c. 1 Quarter
d. 1 Year
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8. What is the rate to which banks benchmark their interest rates on loans?
a. Prime lending rate
b. Floating rate
c. Fixed rate
d. Preferred landing rate
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9. What is the EMI per Rs 1 lakh for 20 years at 11.50% rate of interest?
a. Rs 1,032.19
b. Rs 1,010.24
c. Rs 1,025.20
d. Rs 1,040.25
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10. According to the reserve bank of India, It is mandatory for your bank to provide which of the following?
a. Overdrafts on saving accounts
b. ATM access
c. Passbooks
d. None of the above
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