Section B (2 Mark)
Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs.
5000 per month. The income from such house property will be taxable in the hands of:
A. Vikrant. However income will be computed first as Mrs. Juneja's income and thereafter clubbed in the income of Manish.
B. Mrs. Juneja
C. Vikrant, as he will treated as deemed owner & liable to pay tax
D. Anyone amongst both of them, whose income is greater.
正解:C
質問 2:
Section C (4 Mark)
To create a common size income statement ____________ all items on the income statement by
____________.
A. multiply; net income
B. divide; net income
C. divide; total revenue
D. multiply; total revenue
正解:C
質問 3:
Section B (2 Mark)
Which of the following is true with regard to wealth planner's liability?
A. A principal advisor is responsible for actions of representative
B. Advice is distinguishable from a recommendation
C. A disclaimer removes all liability
D. An advisor may not be held liable for failure to predict economic changes
正解:D
質問 4:
Section B (2 Mark)
What is the correlation coefficient between the companies A and B, if their covariance is 23 and their standard deviation is 8 and 7 respectively?
A. 0.41
B. 0.67
C. 0.78
D. 0.72
正解:A
質問 5:
Section B (2 Mark)
As per Article 11 double Taxation Avoidance Agreement with US Interest arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.However, such interest may also be taxed in the Contracting State in which it arises, and according to the laws of that State, but if the beneficial owner of the interest is a resident of the other Contracting State, the tax so charged shall not exceed:
(a) ____per cent of the gross amount of the interest if such interest is paid on a loan granted by a bank carrying on a bona fide banking business or by a similar financial institution (including an insurance company); and (b) _____ per cent of the gross amount of the interest in all other cases.
A. 12 and 15
B. 20 and 15
C. 15 and 20
D. 10 and 15
正解:D
質問 6:
Section A (1 Mark)
The APT is based on the:
A. Law of one price.
B. Law of accelerating return.
C. Law of averages.
D. Law of attraction.
正解:A
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