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Question 1

Section A (1 Mark)

Debt Equity Ratio is 3:1,the amount of total assets Rs.20 lac, current ratio is 1.5:1 and owned funds Rs.3 lac. What is the amount of current asset?

Options :

A : Rs.5 lac

B : Rs.3 lac

C : Rs.12 lac

D : None of the above.

Answer: C

Question 2

Section C (4 Mark)

Assume the following;

With this agreement, every 6 months, the transfer of funds takes place between fixed rate payer and floating rate payer.

What would Net Cash flows after 6-months from the initiation date?

Options :

A : $15,00,000 from Fixed-Rate to Floating-Rate Payer

B : $12,50,000 from Fixed-Rate to Floating-Rate Payer

C : $14,50,000 from Floating Rate Payer to Fixed Rate Payer

D : $10,50,000 from Floating Rate Payer to Fixed Rate Payer

Answer: B

Question 3

Section B (2 Mark)

Ramesh living in Kolkata is a trustee for Brijesh living in Mumbai, Ramesh remits trust funds to Brijesh by bills drawn by a person of high creditworthiness in favor of the trustee as such and payable at Mumbai. The bills later got dishonored. Is Ramesh bound to make good the loss?

Options :

A : Yes

B : No

Answer: B

Question 4

Section B (2 Mark)

Which of the following activities is/are a part of ''Building the CRM project foundation phase ''in CRM implementation?

Options :

A : I, II and III

B : I, III and IV

C : I, II and IV

D : All of the above

Answer: C

Question 5

Non-Resident (NR) is __________on Indian Income and ___________on Foreign Income.

Options :

A : Non Taxable and Taxable

B : Taxable and Non Taxable

C :

Taxable and Taxable

D : Non Taxable and Non taxable

Answer: B