Free Access AAFM.GLO_CWM_LVL_1.v2021-10-25.q359 Practice Test (Page 12)

Question 51

What do you mean by Caveat Emptor?

A.of utmost good faith

B.Making good the loss

C.None of the above

D.Let the buyer be aware

Question 52

Deduction under section 80QQB is allowed in respect of royalty income to:

A.an individual who is resident in India and who is an author of a book

B.an individual who is an author of a book

C.an individual who is resident in India who is either an author of a book or a joint author of the book

D.None of These

Question 53

The Unit Banking system is prevalent in

A.Great Britain

B.Canada

C.Pakistan

D.USA

Question 54

A 12 year annual annuity of Rs. 10000 will begin 8 years hence (the first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 percent?

A.Rs. 22898.12

B.C.Rs. 23456.78

C.Rs. 22620.63

D.D.Rs. 22124.95

Question 55

A maximum of _____% of the issue would be allotted to one single QIB

A.10

B.25

C.50

D.75

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Question 51

Question 52

Question 53

Question 54

Question 55

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