Bachelor of Management Studies (B.M.S.) SEM V 2017 18 Nov 2017-18 ELECTIVE FIN. WEALTH MGT Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q2 Use of simple calculator is allowed
2. Q3 Figures to the right indicate full marks
3. Q1 Attempt any two 15 marks
   • a) Explain in brief the challenges in wealth Management
   • b) Define Yield Curve and explain the types of Yield Curve
   • c) Explain in brief the Code of Ethics to be followed in Wealth Management
4. Q2 Attempt any two 15 marks
   • a) Define Insurance and explain its basic principle?
   • b) Define Risks and the various types of risks. an investor faces
   • c) What is Insurance Planning and explain its importance in Wealth Management
5. Q3 Attempt any two 15 marks
   • a) Explain the concept of TDS and when is it payable?
   • b) Dr. Sandip sold on 20.06.2015 his residential house in Nagpur for Rs. 90, 00,000. It was purchased on 10.07.1993 for Rs. 8,00,000. Expenses on transfer amounted to Rs. 1,00 000. Dr. Ashish incurred expenses on improvement of old house in financial year 2005-06 of Rs. 3, 00,000. He invested Rs. 15,00,000 for purchase of new residential house on.31.10.2015. You are required to compute Net Capital Gain for the Assessment Year 2016-17. Relevant Cost Inflation Indices are as under:
   • c) Following is the Balance Sheet of Zehek Ltd. as on March 2013:
   • Q.P. Code :04684 You are required to compute the following ratios:
6. Q1 Current Ratio
7. Q2 Quick Ratio
8. Q4 Attempt any two 15 marks
   • a) Define retirement planning and explain need of Retirement Planning
   • b) Explain the concept of PPF (Public Provident Fund) and its advantages
   • c) The following are the detail of Ms. Shuchi for the Assessment Year 2016-17 > Income from salary — Rs. 8,00,000 > Income from house property — Rs. 3,40,000 > Income from other sources — Rs.2,00,000 She has made the following payments: > Mediclaim premium of Rs. cheque and Rs. 5,000 paid in cash for preventive health check-up of self > Contribution to Savings Certificate) Rs. 20,000 Compute the taxable income and tax liability of Ms. Shuchi after allowing deductions under Chapter VI-A
9. Q5 Mr. Aaryan, a qualified Chartered Accountant has retired as a CEO of a private company in India. His family consists of himself, his wife, two sons and a daughter. The two sons are married and well settled In USA whereas the daughter is still unmarried and staying with him Mr. Aaryan has received retirement benefits comprising of provident Fund, Gratuity Fund, Leave Encashment etc. aggregating about Rs 1.4 Crores. On retirement, he is concern about financial liquidity and is planning to take up consultancy to assure regular income. He is concern about his daughter’s higher education, as she wants to pursue MBA from a Canadian university. He also has to plan for her wedding expenses. Safety and Financial security is his current priority On the basis of the above information, answer the following questions:
   • i. wealth manager, advice Mr. Aaryan for his retirement corpus. 5
   • ii. As a wealth manager, suggest a suitable investment plan which will fulfil Mr. Aaryan investment needs as well as his daughter’s educational needs 5
   • iii. Suggest a suitable tax and estate planning to Mr. Aaryan. 5

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