Financial Planner finds that client does not have resources to meet goals. He Should

• Inform the Client
• Avoid telling as client will be disheartened
• Avoid telling as he may lose the client
• Increase risk to generate higher return and meet the goal

The Letter of credit issuing bank is also called as____________

• The importers bank or the opening bank
• The advising bank or the confirming bank
• The reimbursement bank
• The negotiating bank or the nominated bank

Bank owned mutual fund are supervised by

• SEBI
• Jointly by SEBI & RBI
• RBI
• AMFI

Forged cheque is a _______ cheque

• Valid
• Invalid
• Post dated
• Ante dated

Which is the most Illiquid Asset?

• Gold
• Equity
• Debt
• Real state

AMFI code of ethics prescribes that mutual fund scheme portfolios should be managed in interest of

• Identified class of unit holder
• All classes of unit holders
• Retail individual
• Institutional unit holders

Which of the following form a part of fundamental attributes of a fund

• Fund manager
• Investment objective of fund
• Load
• None of above

Father wants his son to be a doctor and study will start after 5 years. The current expense is 2500000. How to calculate the expense after 5 years

• A = P + (1+r) ^ n -1
• A = P x (1+r) ^ n
• A = P / (1+r) ^ (1/n) -1
• A = P / (1+r) ^ n

Which is the fastest way of remitting funds on real time basis?

• NEFT
• D/D
• SWIFT
• RTGS

A company's PE ratio may be low because it is unlikely to replicate it's past performance

• TRUE
• FALSE