JAIIB-RBWM – Mock Test- 09

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1. 
For valuation of agriculture land which approach relies on comparing the value of similar agricultural land in the vicinity that has been sold recently?

2. 
Which of the following assets are excluded from the definition of capital assets for capital gains purpose? 1) Stock-in-trade, stores, raw material; 2) Personal effects (excluding Jewellery, archaeological collections, drawings, paintings, sculptures, etc.); 3) Agricultural land in India.?

3. 
Which method is commonly adopted by the Town Planning Department for estimating the value of land with buildings, especially when the property is sold as a single unit?

4. 
In case an individual has been a resident of India in at least ___ out of 10 years in immediately previous years and has stayed in India for at least ___ days in 7 immediately preceding years, he will be called a resident not ordinarily resident

5. 
What is the term for the process starting from the time the customer walks into the bank with a request for a loan, until the loan is finally disbursed?

6. 
What is the basis for determining the prices at which purchase and redemption transactions occur in a mutual fund?

7. 
A rupee today is worth more than a rupee tomorrow. To permit realistic appraisal, the value of a cash payment or receipt must be related to the time when the payment takes place. This is the concept of?

8. 
What is the term for the professional handling of financial assets for clients?

9. 
Which type of banking involves providing banking, investment, tax management, and other financial services to high-net-worth individuals (HNWIs).

10. 
Which of the following are true about the benefits and importance of wealth management? A) Wealth management creates a financial plan and eliminates financial stress. B) Wealth management offers a rigid investment approach. C) It helps in identifying financial strengths and challenges. D) Wealth managers ensure money keeps compounding through sound investments or effective tax planning.

11. 
Read the following statements and fill in the blanks? 1 In order to ascertain the value of the land for the purpose of stamp duty, property tax, wealth tax etc. government publishes ___ for relevant period and location. 2 The methods used for valuation of land with building are 1) Comparative Method 2) rent capitalization method 3) valuation based on ____ 4) valuation based on cost 3 The Town Planning Deptt. generally adopts the ____ Method for estimating the value of land with building 4 In cases of property which is used for conducting trade or business, the valuation is done on the basis of capitalized value of the ____

12. 
How is the nominal value of Sovereign Gold Bonds determined, and over what period is this calculation based?

13. 
A regular flow of a constant amount for a fixed period is called?

14. 
Z invested Rs.10,000 in a bank FD @ 6% with quarterly compounding for 2 years. What is its maturity value?

15. 
In order to claim the exemption from payment of capital gains tax, for re-investment in various situations, following broader conditions should be satisfied to claim the benefit of section 54 under Income Tax Act 1961? 1 The benefit is available only to an individual or HUF. 2 The asset transferred should be a long-term capital asset, being a residential house property. 3 Within a period of one year before or two years after the date of transfer of old house, the taxpayer should acquire another residential house or should construct a residential house within a period of three years from the date of transfer of the old house. 4 The exemption can be claimed only in respect of max two residential house properties purchased/constructed in India.

16. 
Registration of charge is required with the Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) for transactions specified in which Act?

17. 
Read the statements given below and mark these statements as True or False? 1: The front office consists of divisions such as investment banking, sales & trading, and research. 2: The main function of the back office in an investment bank is to generate revenue. 3: Portfolio Management involves understanding SWOT analysis to make choices between debt versus equity and domestic versus international investments. 4: Investment Banking is primarily about raising capital for clients, whereas Portfolio Management is focused on managing clients' investments.

18. 
If a home loan of Rs.30 lakh at an interest rate of 10% per annum is disbursed Rs.4 lakh towards the first phase of construction on 1st May 2023, what is the pre-EMI interest payable every month?

19. 
Which method of open land valuation is applicable to large plots of land with greater depth and lesser frontage.

20. 
Regarding the classification of tax structure in India, which statements are true? A) Direct tax is levied on the income or profit earned by a taxpayer. B) Indirect tax is levied on goods and services rendered by the taxpayer. C) GST has replaced all forms of direct tax imposed on goods and services by the state and Central governments. D) Income tax and corporate tax are examples of indirect taxes.

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