Free Access AAFM.GLO_CWM_LVL_1.v2022-03-02.q349 Practice Test (Page 4)

Question 11

Suresh is an employee of a private company in Mumbai. He draws an amount of Rs 36,000pm as basic salary.
He also receives Rs 8000 as HRA. He has taken a house on rent from 1st October and pays Rs 10,000pm as rent for his house accomodation. What would be the taxable HRA?

A.Rs 19,200

B.Rs 57,600

C.Rs 96,000

D.Rs 76,800

Question 12

Which of the following can be a scheduled bank?

A.Private Sector Banks

B.All of the above

C.Public Sector Banks

D.Co-operative Banks

Question 13

What is 'Ijarah'?

A.Islamic Loan Transactions

B.Letting a lease

C.Sale

D.Profit sharing

Question 14

The holding period return on a stock is equal to __________.

A.The capital gain yield over the period plus the inflation rate

B.The dividend yield plus the risk premium

C.The capital gain yield over the period plus the dividend yield

D.The current yield plus the dividend yield

Question 15

What is 'Takaful'

A.Safe keeping

B.Power Attorney

C.Leasing

D.Islamic insurance

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Question 11

Question 12

Question 13

Question 14

Question 15

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