Bachelor of Management Studies (B.M.S.) SEM V 2022 2023 Dec 2023 S FINANCE WEALTH MANAGEMENT Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 defines as a relationship between an advisor and individual or a household
   • (a) Wealth Management
   • (b) Investment Management
   • (c) Financial Management
   • (d) Taxation Management
2. Q2 The yield curve is when yields of all maturities are close to one another
   • (a) Flat
   • (b) Upward sloping
   • (c) Downward sloping
   • (d) Humped
3. Q3 The risk of loss in the purchasing power due to price rise is known as
   • (a) Longevity Risk
   • (b) Inflation Risk
   • (c) Reinvestment Risk
4. Q4 Interest on higher educational loan can be claimed for deduction under
5. Q5 refers to annual return on investment
   • (a) Credit
   • (b) Yield
   • (d) Commission
6. Q6 Deduction for handicap dependent relative can be claimed under section
   • (a) Sec 80C
   • (b) Sec 80D
   • (c) Sec 80DD
   • (d) Sec 80U
7. Q7 stands for
8. Q8 insurance principle means both the insured and the insurer should have faith in each other
   • (a) Principle of Contribution
   • (b) Principle of Indemnity
   • (c) Principle of utmost good faith
   • (d) None of the above
9. Q9 is lesser than Nominal return
   • (a) Real return
   • (d) Normal return
10. Q10 A is one used to invest and disburse money in tax favour retirement plan
    • (b) Qualified Annuity
    • (c) Lifetime Annuity
    • (b) State whether the following statements are true or false: (any 7) 7
11. Q1 Long term capital loss cannot be set off against short term capital gain
12. Q2 Insurance is a device to transfer the risk/ losses from the insured to the insurer
13. Q3 Ratio analysis is an important technique of financial statement analysis
14. Q4 Employee Provident fund is a retirement benefit applicable only to salaried
15. Q5 Investment in infrastructure bonds can be claimed for deduction under section 80C
16. Q6 Foreign Investment risk refers to the risk of loss that arises when investing in
17. Q7 A Wealth Manager should not act as a Salesman but as an Advisor
18. Q8 Stock is not a current asset Interest is the cost of owned money
19. Q10 SIP stands for systematic interest plan
    • (a) Explain the component of Wealth Management in brief. 8
    • (b) is Yield Curve? Explain the different types of Yield Curve. 7
    • (c) Ms, Rupal is an individual submits the flowing information relevant for AY 2022-23 Find out the net taxable income of Ms. Rupal for AY 2022-23, applying the provisions of set off and carry forward of losses Income from Salary 1,20,000 Income from House Property: Loss from Mira road House (85,000) Income from Andheri House 45,000 Income from Lonawala house 25 Income from Business Income from Long Term Capital Gains: 30,000 Short term Capital Loss: (20,000) Income from Other sources: Interest on debentures 4,000 Interest on Bank fixed deposits 12,000 You are also informed that: She spent Rs. 3,500 as collection towards interest on debentures allowed to be deducted She has the following carry forward losses: 15
    • (a) Discuss Functions of Insurance in brief. 8
    • (b) What is Investment Planning? Discuss different types of Investment Risks. 7
    • (c) Mr. Ballu purchased a house property for Rs.10,00,000 on 10" September 1992.He made the following additions to it Cost of construction of first floor in Financial Year 2004-05 is Rs. 4,00,000 Cost of construction of second floor in Financial Year 2008-09 is Rs. 6,00,000 Fair market value of property on April 1,2001 was Rs. 7,00,000 She sold the property on 25" October, 2021 for 50,00,000. He paid a brokerage of Rs for the sale transaction The CII for financial year 2021-22 is 317, 2004-05 is 105, 2008-09 is 137 & 2001-02 Compute the Capital gain of Mr. Ballu for the Assessment Year 2022-23 8
    • (d) Following is the Balance Sheet of Nandu Ltd. Equity share capital 2,50,000 | Plant and Outstanding expenses 30,000 | Cash and Bank 1,00,000 From the above information calculate: 7
    • (a) | TDS and when is it payable? 8
    • (b) Explain the difference between Active and Passive investment strategies. 7
    • (c) Compute the taxable income and tax liability of Mr. Robot who is a senior citizen for the assessment year 2022-23 Income from Salary 6,65 Interest on NSC 10,500 Interest paid on Higher Educational loan 1,71,500 His wife is dependent and handicap. Find out his taxable income and calculate his tax liability as per old slab for the assessment year 2022-23 8
    • (d) Mr. Yogi is an assessee whose estimated tax liability is Rs. 18,00,000 and TDS Rs. 1,20,000 during the previous year. Calculate the advance tax payable on the 7
    • (a) financial objectives in retirement planning in brief. 8
    • (b) Discuss Post — Retirement Strategies in brief. 7
20. Q5 Write Short Notes on (any three) 15 marks
21. Q2 Requisites of a Valid Will
22. Q3 Deduction under Section 80C
23. Q5 Health Insurance

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