Vishwajeet wishes to have a lump sum Retirement Fund of Rs. 25,00,000/- in 30 years time. Assuming that he can get 12% returns per annum, compounded annually, what amount he should save every year to reach his target? A. Rs. 11,254.24 B. Rs. 15,432.12 C. Rs. 10,359.14 D. Rs. 9,845.47 Reference: https://scripbox.com/plan/power-of-compounding/

Which of the following is not generally accepted as joint family property? A. Separate property of Members B. Property allotted on partition C. Ancestral property D. Property acquired by the family jointly Reference: https://www.mondaq.com/india/family-law/949072/self-acquisitions-and-joint-family-property

While granting a bank license, RBI considers all of the following, except ______________. A. Ability to pay depositors B. Price of equity share of company C. Character of proposed management D. Whether public interest will be served by grant of license to the company Reference: https://rbi.org.in/scripts/bs_viewcontent.aspx%3FId%3D2900

Employees Provident Fund is applicable to firms employing over ____________ employees. A. 20 or more B. 15 or more C. 10 or more D. 25 or more Reference: https://www.business-standard.com/article/economy-policy/firms-with-10-workers-might-have-to-pay-provident-fund-115052100069_1.html

Under which of the following steps does the wealth manager develops a SWOT chart for the client? A. Identifying Goals and Objectives B. Identifying and Clarifying the Current Situation C. Developing a Wealth Management Plan D. Analysing Financial Issues Reference: https://www.researchgate.net/publication/319367788_SWOT_ANALYSIS_A_THEORETICAL_REVIEW

The principle of ensures that an insured does not profit by insuring with multiple insurers. A. Subrogation B. Contribution C. Co-insurance D. Indemnity Reference: https://www.findlaw.com/consumer/insurance/principles-of-insurance.html

Statement I: Financial risk is associated with a firm’s sources of financing. Statement II: The use of financial leverage is the source of financial risk. A. Statement I is correct. B. Statement II is correct. C. Both statements are correct. D. Both statements are incorrect. Reference: https://www.investopedia.com/ask/answers/062315/what-are-key-differences-between-financial-risk-and-business-risk-company.asp

In _________ without delivering possession of the mortgaged property, the mortgager binds himself personally to pay the mortgage money. A. Usufructuary mortgage B. Simple mortgage C. English mortgage D. Anomalous mortgage Reference: https://zallp.com/practice/mortgage_law/#:~:text=Where%2C%20without%20delivering%20possession%20of,to%20be%20sold%20and%20the

With the increase in the age of investor, the risk appetite of the investor… A. Increases B. Remains constant C. Decreases D. Any of the above Reference: https://www.investopedia.com/terms/r/risktolerance.asp

The cheapest form of life insurance which provides risk cover in the event of death of policy holder during policy term is… A. Endowment Insurance B. Endowment Insurance C. Mediclaim Policy D. Term Insurance policy Reference: https://www.investopedia.com/terms/t/termlife.asp