Daily Archives: May 30, 2023

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 11: Taxation of Equity Products – 4 1 / 25 1. How is income from capital gains calculated? a. Full value of consideration divided by expenses and cost of acquisition/improvement b. Full value of consideration multiplied by expenses and cost of acquisition/improvement […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 11: Taxation of Equity Products – 3 1 / 50 1. How is the date of transfer determined for transactions of listed shares or securities not conducted through the stock exchange? a. The date of the broker’s note b. The date of […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 11: Taxation of Equity Products – 2 1 / 50 1. What is the tax treatment of long-term capital gains from equity-oriented mutual funds if the transaction is undertaken in an IFSC? a. Taxable at the regular rate b. Taxable at a […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 11: Taxation of Equity Products – 1 1 / 50 1. In Situation 3, where the call option is transferred at a gain, what is the tax rate applicable to the short-term capital gain? X Fund, a foreign portfolio investor (FPI), purchased […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 10: Taxation of Debt Products – 3 1 / 37 1. What is another name for Zero-Coupon Bonds (ZCBs)? a. Interest Bonds b. Coupon Bonds c. Zero Interest Debentures d. Premium Bonds Zero-Coupon Bonds are also known as Zero Interest Debentures. 2 […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 10: Taxation of Debt Products – 2 1 / 50 1. What are Masala Bonds? a. Bonds denominated in Indian currency issued by Indian companies b. Bonds denominated in Indian currency issued to overseas investors c. Bonds denominated in foreign currency issued […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 10: Taxation of Debt Products- 1 1 / 50 1. What does SPV stand for? a. Security and Portfolio Valuation b. Special Purpose Vehicle c. Structured Payment Vehicle d. Securities Performance Verification SPV stands for Special Purpose Vehicle. 2 / 50 2. […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 9: Income from other Sources 1 / 32 1. How is the “full value of consideration” defined in the computation of capital gains? a. The amount of consideration received or receivable by the owner of the asset in cash or in kind […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 8: Capital Gains – 1 1 / 50 1. What is deducted from the full value of consideration in the computation of long-term capital gains? a. Expenditure incurred wholly and exclusively in connection with transfer b. Cost of improvement c. Exemption under […]

0% 0 votes, 0 avg 0 NISM-Series-X-B: Investment Adviser (Level 2) Certification Chapter 8: Capital Gains – 2 1 / 37 1. How is the period of holding determined for securities held in Demat form? a. Weighted average method b. Last-in-First-out (LIFO) method c. First-in-First-out (FIFO) method d. Average holding period The period of holding […]