Free Access AAFM.GLO_CWM_LVL_1.v2021-10-25.q359 Practice Test (Page 52)

Question 251

Mr. Malhotra and Mrs.Malhotra aged 50 and 45 years respectively, both have a life expectancy of 35 years.
You have following information

Calculate the adequate insurance required based on need based approach.

A.44 lakhs

B.54 lakhs

C.65 lakhs

D.60 lakhs

Question 252

You want to take a trip overseas which costs Rs. 10 lacs. The cost is expected to remain unchanged in nominal terms. You can save annually Rs. 50000 to fulfill the desire. How long will you have to wait if your savings earn an interest rate of 12%?

A.11.23 years

B.10.99 years

C.11.00 years

D.10.79 years

Question 253

To check inflation, RBI should:

A.Raise the SLR

B.Sell govt. securities

C.Raise CRR

D.All the above

Question 254

Balance on current account + balance of capital account + balance on reserves account is equal to
___________

A.1000

B.100

C.0

D.None of the above

Question 255

Sunil submits you the following particulars:

A.LTCG-23520/-,STCG:NIL

B.LTCG-5520/-,STCG:NIL

C.LTCG-NIL,STCG:20000/-

D.Sunil deposited a sum of Rs. 3, 50,000/- on 25-06-2010 in the capital gain scheme as he intends to buy an agricultural land later. Out of the sale proceeds of gold, he has invested Rs. 1, 60,000/- on the purchase of residential house property on 13-05-2010. The shares were sold through a recognized stock exchange.
Compute taxable gain for the Assessment Year 2012-13. [CII- 12-13: 852, 11-12: 785, 10-11:711,
83-84: 116]

E.LTCG-12586/-,STCG:20000/-

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