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Question 1

Ram born in 1950 has a life expectancy at birth of 65 years. Sita his wife born in 1955 has a life expectancy at birth of 70 years. Assuming that the life expectancies have not changed. Ram is planning to buy an annuity to be paid to him or his wife till anyone of them is alive. Assuming Ram will retire on attaining age 58 i.e. in 2008, what should be the time period of the annuity?

Options :

A : 10 years

B : 12 years

C : 7 years

D : 17 years

Answer: D

Question 2

DINK stands for _______

Options :

A : Direct in kind funding

B : Double income no kids

C : Deep interest no kids

D : None of the above

Answer: B

Question 3

Any property inherited by a female Hindu from her husband or from her father in law, in the absence of any

son or daughter of the deceased shall go to…..

Options :

A :

Heir of mother

B : Heir of father

C : Heir of Husband

D : Heir of Sister

Answer: C

Question 4

Consider the following information:

Which of the following statements is/are true?

Options :

A : Only II

B : Only III

C : Only II

D : None of the above

Answer: C

Question 5

IFSC stands for:

Options :

A : Inter-bank Financial Sector Code

B : Inter-bank Funds Settlement code

C : Inter-bank Financial Service Code

D : None of the above

Answer: B