Section A (1 Mark)
How many types of power of attorney are there?

Section C (4 Mark)
Vinod has a investment portfolio of Rs. 100000, a floor of Rs. 75000, and a multiplier of 2. So the initial portfolio mix is 50000 in stocks and 50000 in bonds. If stock market falls by 20%, what should Vinod do assuming he is following a CPPI policy?

Section A (1 Mark)
A(n)______________________ loan is a short- or medium-term loan repayable in two or more consecutive payments, usually monthly or quarterly.

Section C (4 Mark)
Nifty is presently at 2694. Mr. XYZ expects Nifty to fall. He buys one Nifty ITM Put with a strike price Rs.
2800 at a premium of Rs. 132 and sells one Nifty OTM Put with strike price Rs. 2600 at a premium Rs. 52.
What would be the Net Payoff of the Strategy?
* If Nifty closes at 2359
* If Nifty closes at 3561

Section C (4 Mark)
As a CWM you are required to calculate the tax liability of an individual whose Taxable income is:
* $ 178650 in US dollars and he is a US citizen (single individual)
* $ 85300 in SGD and he is a citizen of Singapore