Bachelor of Management Studies (B.M.S.) SEM V 2019 20 Nov 2019-20 FINANCE WEALTH MANAGEMENT Question Paper - Mumbai University | munotes

Questions asked in this paper

• Figures to the right indicate full marks

1. Q3 Use of Simple Calculator is allowed,
   • (A) the following: (Any 8):
   • B. Normal Yield H i Earning Capacity of an Individual Human Life Value Objectivity and Competence Principle of Wealth Pay Yourself First of Insurance
   • (B) whether the following statements are True or False (any 7): Business loss cannot be set off against salary income to the annual return on an Investment;
2. Q3 Human Life Value concept deals with human capital, return is same as Holding Period Return
3. Q5 is the one who undertakes the responsibility 7 6) Health insurance policies are not issued for less than one year period, Inflation rate has direct impact on wealth Creation} provides regular income to the 9 Long term capital loss cannot be set-off against short term gain
4. Q10 Deduction for donation to a charitable can claimed
   • (A) What is Wealth Management? Explain its scope
   • (B) are the reasons for changes in interest
   • (P); Mohanji furnishes the following details for the ! Amount in Rs Income from business of Electronics from Speculative business Long Term capital Gain on Sale of Land Long term Capital Loss on Sale of Shares i Income from Salar 4 Income from owning and maintaining of Race From House Property B from House Property C Following are the carry forward losses Carry forward loss from business of Rs. 1,40,000, pertaining to the year Losses from the activity of owning and maintaining race horses pertaining Compute Gross Total Income of Mr. Mohanji for the Assessinent Year 2019-20. Also the eligible carry forward losses for the Assessment Year 2019-20
   • (A) | Explain the Primary and Secondary functions of Insurance (03
   • (B) based Wealth Management is better” Justify the statement,
   • (P) is the Balance Sheet of Kabir Singh and Sons as on March, Sundry Creditors 2,50,000, | Short Term Investments 2,78,000 Bank Overdraft 2,05,000 | Profit and Loss Account Provision for Taxation | Shares Issue Expenses) are required to calculate:
   • i) Current Ratio Shahrukh purchased a house property for Rs. on 1995, incurred expenses of Rs. 7,00,000 in financial year 1997-98, and Rs. the financial year 2006-07 on the same The fair market value of the- property on 01-04-2001 was Rs. sold the property on December, 2018 for Rs. 95,00,000. Brokerage of Rs. 85,000 was incurred sale transaction. He purchased a new Residential house on 2019 for Ks The Cost inflation index for various years is given; 2001-02 = 100, 2006-07 = 122, 2018 the net capital gains of Mr. Shahrukh
   • (A) | What is Estate Planning? Explain its Objective
   • (B) What are different types of Will?
   • (P) Compute the taxable income and tax liability of Mr. Naseem whd assessee i Income from house Propert Winning from Lotteries Interest on National Savings Certificate
   • (Q) Mr. Nitin is an assessee whose income is estimated at Rs. 22,00,000 during the Previous Year. Calculate the advance tax payable on the respective due dates,
   • (A) What are the steps in Retirement Evaluation and
   • (B) the principles of Wealth Creation in
5. Q5 Write Short Notes on (any three) (is Importance Of Yield Curve Responsibilities of the insured
   • v) Limitation of Ratio analysis

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