Free Access AAFM.GLO_CWM_LVL_1.v2022-03-02.q349 Practice Test (Page 10)

Question 41

Deduction under section 80QQB is allowed to an author of a book of literary or artistic or scientific nature who is resident in India to the extent of:

A.50% of royalty income or Rs. 3,00,000 whichever is less

B.100% of royalty income or Rs. 5,00,000 whichever is less

C.100% of royalty income or Rs. 3,00,000 whichever is less

D.50% of royalty income or Rs. 5,00,000 whichever is less

Question 42

If a stock GHI ltd pays an annual dividend of Rs. 5 and plans to follow this policy for ever, then what would be the ate of return that investor would realize given the current market price of stock is 100

A.5%

B.20%

C.80%

D.10%

Question 43

Which of the following is/are not the statutory objectives of Financial Service Authority(FSA) of UK?

A.None of the Above

B.Only IV

C.III and IV

D.Only III

Question 44

Consideration' under the law is a return promise to:

A.(II), (III), and (IV) only

B.(I), (III), and (IV) only

C.(I), (II), and (III) only

D.(I), (II), and (IV) only

Question 45

............... mortgage is an extremely good resource for retirement planning.

A.Balloon

B.Simple mortgage

C.Reverse mortgage

D.Equitable

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Question 41

Question 42

Question 43

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Question 45

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