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A financial services company offers investment vehicles to its clients. Investment A pays an amount of Rs. 8,000 in 2 years, and has an annual interest of 6% compounded annually. Investment B pays an amount of Rs. 12,000 in 4 years, and has an annual interest of 8% compounded annually. Investment C pays an amount of Rs. 15,000 in 8 years, and has an annual interest of 10% compounded annually. Investment D pays an amount of Rs. 20,000 in 12 years, and has an annual interest of 6% compounded annually. Investment E pays an amount of Rs. 25,000 in 15 years, and has an annual interest of 4% compounded annually.
1. What is the present value of Investment A?
a. Rs. 7,120
b. Rs. 7,210
c. Rs. 7,104
d. Rs. 8,000
Ans - a
The PVIF is 0.8900
The present value is Rs. 8,000 * 0.8900 = Rs. 7,120
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2. What is the present value of Investment B?
a. Rs. 8,120
b. Rs. 8,280
c. Rs. 8,820
d. Rs. 8,800
Ans - c
The PVIF is 0.7350
The present value is Rs. 12,000 * 0.7350 = Rs. 8,820
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3. What is the present value of Investment C?
a. Rs. 6,850
b. Rs. 6,058
c. Rs. 6,508
d. Rs. 5,068
Ans - b
The PVIF is 0.4039
The present value is Rs. 15,000 * 0.4039 = Rs. 6,058
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4. What is the present value of Investment D?
a. Rs. 9,490
b. Rs. 9,940
c. Rs. 10,132
d. Rs. 10,490
Ans - b
The PVIF is 0.4970
The present value is Rs. 20,000 * 0.4970 = Rs. 9,940
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5. What is the present value of Investment E?
a. Rs. 13,812
b. Rs. 13,828
c. Rs. 13,288
d. Rs. 13,882
Ans - d
The PVIF is 0.5553
The present value is Rs. 25,000 * 0.5553 = Rs. 13,882
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How much Indian/Foreign currency can be brought in while coming into India in the following cases?
1. A resident of India at the time of his return from any place outside India (other than Nepal and Bhutan)
a. Rs. 100
b. Rs. 10,000
c. Rs. 25,000
d. USD 5000
Ans - c
2. A resident of India at the time of his return from Nepal and Bhutan
a. Rs. 100
b. Rs. 10,000
c. Rs. 25,000
d. USD 5000
Ans - a
3. Any person resident outside India, not being a citizen of Pakistan and Bangladesh and also not a traveller coming from and going to Pakistan and Bangladesh, and visiting India
a. Rs. 100
b. Rs. 10,000
c. Rs. 25,000
d. USD 5000
Ans - c
4. Any person resident in India who had gone to Pakistan and/or Bangladesh on a temporary visit
a. Rs. 100
b. Rs. 10,000
c. Rs. 25,000
d. USD 5000
Ans - b
5. How much foreign exchange can be brought in while visiting India?
a. USD 5000
b. USD 10000
c. USD 15000
d. No limit
Ans - d
6. If the aggregate value of the foreign exchange brought by a person coming into India from abroad in the form of currency notes, bank notes or travellers cheques brought in exceeds ......, it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.
a. USD 5,000 or its equivalent
b. USD 10,000 or its equivalent
c. USD 15,000 or its equivalent
d. No limit
Ans - b
7. If the aggregate value of the foreign exchange brought by a person coming into India from abroad in the form of foreign currency alone exceeds ......, it should be declared to the Customs Authorities at the Airport in the Currency Declaration Form (CDF), on arrival in India.
a. USD 5,000 or its equivalent
b. USD 10,000 or its equivalent
c. USD 15,000 or its equivalent
d. No limit
Ans - a
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