Mahesh is employed in a company on a basic salary of Rs. 20,000 pm and is allowed a dearness allowance of 30% of which 50% is included in salary for retirement benefits. His company pays him HRA of Rs. 5,000 pm. Compute his exemption on HRA for FY 2007-08. Mahesh is staying in Meerut and pays a house rent of Rs. 5,000 pm.
Question 2 of 304
The May futures contract on XYZ Ltd. closed at Rs. 3,940 yesterday. It closes today at Rs. 3,898.60. The spot closes at Rs. 3,800. Raju has a short position of 3,000 in the May futures contract. He further sells 2,000 units of May expiring put options on XYZ with a strike price of Rs. 3,900 for a premium of Rs. 110 per unit on the same day. What is his net obligation to/from the clearing corporation today?
Question 3 of 304
Alok, age 25 years, plans to retire at age 60 and his life expectancy is 75 years. His current expenditure is Rs. 2, 00,000 nnually. He estimates no reduction of expenses post retirement. How much will he save per annum to Achieve his target, if inflation rate is 6% and expected yield from investment is 10%? Assume he wishes to leave an Estate of 10% of his savings at the time of retirement.
Question 4 of 304
Suryakant has an accident insurance policy which pays Temporary Partial Disability (TPD) benefit of Rs. 3,000 per week, for up to 104 weeks. He meets with an accident and is disabled and bedridden for 6 months. He has available leave of 4 weeks, after which he is on loss of pay. What benefit amount will he get from the insurance company?
Question 5 of 304
A client purchased a zero coupon bond 6.5 years ago for Rs. 525. If the bond matures today and the face value is Rs. 1,000, what is the average annual compound rate of return (calculated semi-annually) that the client realized on her investments?
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