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1.  
₹ 12,000 is invested each month for four months at NAVs ₹ 40, ₹ 60, ₹ 80 and ₹ 48. Total units bought:

Correct Answer: E [900]

Explanation:

300 + 200 + 150 + 250 = 900 units.

2.  
For the same SIP (₹ 12,000 × 4 at NAVs 40, 60, 80, 48), the average cost per unit is about:

Correct Answer: C [₹ 53.33]

Explanation:

48,000 ÷ 900 = ₹ 53.33 – below the simple average NAV of ₹ 57.

3.  
A shareholder with 900 shares gets a 2 : 5 rights offer at ₹ 150. The cost of taking up all rights is:

Correct Answer: A [₹ 54,000]

Explanation:

900 × 2 ÷ 5 = 360 shares × ₹ 150 = ₹ 54,000.

4.  
₹ 50,000 is invested at NAV ₹ 25; the NAV later rises to ₹ 32. The absolute return is:

Correct Answer: D [28%]

Explanation:

2,000 units × 32 = 64,000; gain 14,000 ÷ 50,000 = 28%.

5.  
How many are correct? (a) Indemnity applies only to general insurance. (b) Subrogation applies to life insurance. (c) Proximate cause applies to all insurance. (d) Contribution applies when the same risk is insured with two insurers.

Correct Answer: C [3]

Explanation:

(a), (c), (d) true; subrogation is general-insurance only.

6.  
Arrange chronologically: GIC incorporated, Insurance Act passed, Oriental Life started, LIC formed, Bombay Mutual started.

Correct Answer: A [Oriental Life → Bombay Mutual → Insurance Act → LIC → GIC]

Explanation:

1818 → 1870 → 1938 → 1956 → 1972.

7.  
Match the issue type with its feature:
(i) Bonus issue (ii) Rights issue (iii) Offer for sale (iv) FPO
(p) listed company issues to the public again (q) paid shares to existing holders (r) free shares from reserves (s) existing holders sell to the public

Correct Answer: B [i-r, ii-q, iii-s, iv-p]

Explanation:

Definitions.

8.  
Reverse question: launched in 1986 with base 1978-79 = 100 and described by its exchange as India's first equity index. It is:

Correct Answer: E [BSE Sensex]

Explanation:

BSE Sensex – launched 1986, base 1978-79 = 100, India's first equity index.

9.  
A share trades at ₹ 300 before a 1 : 1 bonus. If total market value of the holding is unchanged, the price after bonus will be about:

Correct Answer: D [₹ 150]

Explanation:

Shares double; price halves: 300 ÷ 2 = ₹ 150.

10.  
Odd one out (who regulates):

Correct Answer: C [Life insurers]

Explanation:

Life insurers – IRDAI; the others – SEBI.

11.  
In an IPO, an investor counts as a 'retail individual investor' when the bid is:

Correct Answer: A [up to ₹ 2,00,000]

Explanation:

Retail category: bids up to ₹ 2,00,000.

12.  
Odd one out (by market):

Correct Answer: D [Debenture]

Explanation:

Debentures are long-term capital-market instruments; the others are money-market instruments.

13.  
NSE Indices was formed in 1997-98 as a joint venture with:

Correct Answer: B [CRISIL]

Explanation:

NSE history page.

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