Bachelor of Management Studies (B.M.S.) SEM V 2018 19 May 2018-19 S Elective Finance Wealth Management Question Paper - Mumbai University | munotes

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Questions asked in this paper

Q1 All questions are compulsory subject to internal choice
Q2 Figures to the right indicate full marks
Q3 Use of simple calculator is allowed
- (a) Multiple Choice Questions: (any 8) 8
Q1 The goal of wealth management is to sustain & grow term wealth
- (a) Long term
- (b) Short term
- (c) Medium term
- (d) None of the above
Q2 Yield curve refers to
- (a) Demand Curve
- (d) A line that plots interest rates
Q3 Medical Insurance is offered by
- (a) Banks
- (b) Life Insurers
- (d) All of the above
Q4 applies to debt investments such as bonds
- (a) Credit risk
- (b) Debit risk
- (c) Planned risk
- (d) Unplanned risk
- (c) Tax deducted at source
- (d) Tax deducted at statute
Q6 Deduction for interest on higher education loan can be claimed under
- (a) Sec 80C
- (b) Sec 80D
- (c) Sec 80E
- (d) Sec 80G
Q7 When 2 or more persons join hands for common actions with common objectives are called as
- (a) Body of Individuals
- (b) Firms
- (c) Company
- (d) Association of Persons
Q8 involves an analysis of various choices you can make today to help provide for your financial future
- (a) Cash budget
- (b) Cash flow
- (c) Retirement planning
- (d) Financial priorities
Q9 is one of the most preferred tax planning instrument in India as it’s a Government scheme
Q10 Wills which are written entirely by hand of the testator are called as Wills
- (a) Sham
- (b) Concurrent
- (c) Holograph
- (d) Calligraph
- (b) State whether the following statements are true or false: (any 7) 7
Q1 of ethics issued by a business is a particular kind of policy statement
Q2 The yield curve is flat when yields of all maturities.are close to each other
Q3 Life insurers are also known as health insurers
Q4 Liquidity risk is being able to sell your investment at a fair price
Q5 Longetivity risk is the risk of outliving your savings
Q7 Total Income is derived after making various deductions from GTI u/s 80C&80U
Q8 Retirement planning takes into account all emergencies
Q9 Lifetime annuity pays an income specified period of time say 10 years
Q10 ULIP are policies that combine risk coverage with investing in stock/debt market
- (a) What are code of ethics for a Wealth manager? 8
- (b) What is a yield curve? What are its types? 7
- (p) Ms. Durga an individual submits the flowing information relevant for AY 2018-19. Find out the net taxable income of Ms. Durga for AY 2018-19 applying the provisions of set off and carry forward of losses Income from Salary computed 90,000 Income from House Property Income from Business Income from Long Term Capital Gains 50,000 Income from Other sources Interest on debentures 2,000 You are also informed that: spent Rs.1500 as collection towards interest on debentures allowed to be deducted u/s 57 as 15
Q2 She has the following carry forward losses:
- (a) . What is General Insurance? What are its types? 8
- (b) is Active asset management? What are its advantages? 7
- (p) Mr. Dinesh Kamble purchased house property for Rs. 1,25,000 on 16" August 1991. He made the following addition to the house property. Cost of construction of 1“ floor in financial year 2005-06 Rs. 12,25,000 The fair market value of the property 1-4-2001 was Rs. 13,50,000. He sold the property on 15" September 2017 for Rs. 85,00,000. He paid brokerage of Rs. 25,000 for the sale transaction The cost inflation index for financial year 2001-02 is 100, for financial 2005-06 is 117 & 2017-18 is 272 Compute the capital gain of Mr. Dinesh Kamble for the Assessment Year 2018-19
- (q) Following is the Balance Sheet of Aarna Ltd. Find out Current Ratio, Debt Equity Ratio, Quick Ratio. Equity share capital 10,00,000 | Plant and Machinery 7,50,000 7
- (a) What is Ratio Analysis? What are its advantages? 8
- (b) What is a Will? What are its types? 7
- (p) Following are the details of Mr. Thakur for Assessment Year 2018-19. 8
- a) Income from Salary Rs.5,00,000
- b) Income from House Property Income Rs.1,50,000
- c) Won Lottery of Rs.50,000 He has made the following payments:
- a) Mediclaim premium of Rs.5,000 paid in cash for preventive health check —up of self
- b)Contribution to NSC Rs.10,000 and received interest on NSC Rs.4,000 for AY 2018-19 Compute the taxable income of Mr. Thakur after allowing deductions under chapter VI-A
- (q) Assuming the total tax liability of Sumit 50,000 and TDS Rs.2,000. Calculate the advance tax payable on the respective due dates 7
- (a) What is Retirement Planning? What is its need and purpose? 8
- (b) What are Annuities? Explain its types. 7
Q5 Write Short Notes on (any three) 15 marks
Q1 Components of Wealth Management
Q2 Principle of Utmost good faith
Q4 Tax Deducted at source
Q5 Health Insurance