Which of the following will be considered as tax planning effort?<br>1. Mr. A purchased a house for self-residence of Rs. 8 lakh by taking a loan of Rs. 60 lakh from SBI at 10% interest, instead of using his own funds.<br>2. Mr. A made investment in purchasing 12% redeemable debentures of TISCO worth Rs. 1.50 lakh.<br>3. Mr. A purchased 100 gm gold biscuits of Rs. 2.5 lakh from SBI on the occasion of Diwali.<br>4. Mr. A invested Rs. 1 crore in purchasing 5 acres of agricultural land in his native village in Gaya.

Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.

A

1, 2 and 3

B

2, 3 and 4

C

3, 4 and 5

D

All of the above

Re-arrange the following sentences into a meaningful paragraph. (A) comes into effect from today. The bank's savings account rate was 3.5 per cent during March 2003 to May 2011 for all savings bank account customers (B) The bank's decision comes two days ahead of RBI's monetary policy meet and is likely to trigger (C) with deposits of above Rs 1 crore, it said in a statement. The two-tier savings bank account interest rate (D) to 3.5 per cent, lowest in six years, a decision that will impact 90 per cent of its customers (E) The country's largest lender however will continue to pay 4 per cent interest on savings bank accounts (F) SBI today cut interest rate on savings bank account deposits up to Rs 1 crore by 0.5 per cent (G) rate war among peers. SBI's savings bank account base is of around Rs 9 lakh crore.

A

BDFACEG

B

BFDCAGE

C

EGACDFB

D

FDBGECA

Given that, 24 carat gold is pure gold, 18 carat gold is 3/4th of pure gold and 20 carat gold is 5/6th of pure gold, the ratio of the pure gold in 18 carat gold to the pure gold in 20 carat gold is -

A

5 : 8

B

10 : 9

C

8 : 5

D

9 : 10

Village Q is to the North of the village P. The village R is in the East of Village Q. The village S is to the left of the village P. In which direction is the village S with respect to village R?

A

West

B

South-West

C

South

D

North-West

In order to raise finance, which of the following securities can be issued by a company?
1. Equity Shares
2. Redeemable Equity Shares
3. Redeemable Debentures
4. Redeemable Preference Shares
5. Bonus Shares
Select the correct answer:

A

1, 2 and 3

B

1, 3 and 4

C

1, 2 and 4

D

2, 4 and 5

X' and 'Y' jointly take a loan, from 'Z' with promise to repay the loan amount with interest within two years. Soon after taking the loan 'X' is declared as an insolvent and remains insolvent till the date of repayment of loan. 'Y' also fails to repay the loan. 'X' on account of his status as insolvent enjoys immunity from legal proceedings. In these circumstances:

A

Z' can in law institute a suit for recovery of, only 50% of the outstanding from 'Y'

B

Z' is entitled in law to sue 'Y' alone for recovery of the entire outstanding amount

C

Z' is not entitled to sue 'Y' also for recovery of loan amount till the order of insolvency of 'X' ceases to operate

D

Z' is entitled in law to sue 'Y' for 50% of the principal amount due and the entire interest outstanding

Prasanna invested certain amount in three different schemes X, Y and Z with the rate of interest 10% p.a, 12% p.a and 15% p.a respectively. If the total interest accrued in one year was Rs. 3200 and the amount invested in Scheme Z was 150% of the amount invested in Scheme X and 240% of the amount invested in Scheme Y, what was the amount invested in Scheme Y by Prasanna ?

A

Rs.6000

B

Rs.4500

C

Rs.7500

D

Rs.5000

S₁: The role of the precious yellow metal is undergoing a dramatic change.
P: In developing countries like India, where gold is used mainly for ornaments, a distinct change in attitude is in the offing.
Q: Slowly, the use of gold in the form of ornaments will be on the decline and even if gold prices shoot up, women folk would not like to sell off their ornaments.
R: The yellow metal will soon be treated as an investment instrument.
S: The maxim, "Larger the gold reserves, richer the country" will not hold good for a long time.
S₆: Again, it would not be an economic proposition to buy and sell gold ornaments as an instrument of investment as buying would be costlier and selling will be at a discount.

The Proper sequence should be:

A

PSQR

B

PSRQ

C

SPQR

D

SPRQ

How many ways are there to arrange 7 chocolate biscuits and 12 cheesecake biscuits into a row of 19 biscuits?

A

52347

B

50388

C

87658

D

24976

If on a 20 acre farm, crops are raised on 15 acres in rabi, 15 acres in kharif and 20 acres in zaid in a year, what shall be the cropping intensity

A

250%

B

400%

C

150%

D

350%