Section B (2 Mark)
Which of the following Biases are exhibited by Independent Individualist?

Section C (4 Mark)
Mr. Peter sells a Nifty Put option with a strike price of Rs. 4000 at a premium of Rs. 21.45 and buys a further OTM Nifty Put option with a strike price Rs. 3800 at a premium of Rs. 3.00 when the current Nifty is at
4191.10, with both options expiring on 31st July.
What would be the Net Payoff of the Strategy?
* If Nifty closes at 3800
* If Nifty closes at 4500

Section C (4 Mark)
Vikas has an investment portfolio of Rs.100000, and a multiplier of 2. The initial portfolio mix is Rs. 50000 in stocks and Rs. 50000 in bonds. If stock market goes up by 20%, what should Vikas do under the constant mix policy?

Section A (1 Mark)
Conservative retirees likely have ____ than they did early in their careers.

Section B (2 Mark)
How much interest is paid in total on a 3-year loan for Rs27 400? The interest rate is 8.6% compounded monthly and the payments are monthly?