ABM Numericals

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ABM- numerical with solutions by Neeraj agnihotri 1. Calculate broad money M3 Currency with public- Rs 100000 Demand deposit with banking sys-Rs 200000 Other deposit with RBI- Rs 200000 Savings deposit of post office savings banks- Rs40000 Time deposits with banking sys- Rs 200000 All deposit with post office banking sys in cluding Rs 40000 of NSC total-Rs 100000 a) Rs 500000

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Transcript of ABM Numericals

ABM- numerical with solutions by Neeraj agnihotri1. Calculate broad money M3Currency with public- Rs 100000Demand deposit with banking sys-Rs 200000Other deposit with RBI- Rs 200000Savings deposit of post office savings banks- Rs40000Time deposits with banking sys-Rs 200000All deposit with post office banking sys in cluding Rs 40000 of NSC total-Rs 100000a) Rs 500000b) Rs 700000c) Rs 800000d) Rs 900000Ans: bSolution-M3 =m1+time deposit with banking systemSo M1=currency with public+ demand deposit with the bankingsys+other deposits with rbiM1=100000+200000+200000M1=500000Than m3=500000+200000Ans m3=7000002. Qtn how much m4 will be from above qtn

a) Rs 700000B) Rs 740000c) Rs 760000D) Rs 80000Ans :cM4=m3 + all deposit with post officesavings banks( excluding National savings certificates)m3 is rs 700000 from above qtn since total deposit with po is Rs100000 out of it Rs 40000 in NSC so Rs100000-40000= Rs 60000M4=700000+60000M4=760000

3. Calculate Inflation of Abc company as price index in current year is RS 120lakh and price index in base year is Rs 100 lakh.a)20b)1.2c).2d)200e) non of theseans : a ABM- 31solutions : inflations =( pirce index in current year-price index in base year)/ (price index in base year) * 100= (12000000-10000000)/10000000*100 = 2000000/10000000 *100= 02*100= 20

4. data of country z co. is as follows all data are in million in Indian rupeesa) consumptions : Rs 10000b)gross investment : Rs 20000c)govt spending : Rs 30000d) Export : Rs 80000e) Import : Rs 60000f) taxes : Rs 2000g) subsidies : RS 100 (on production and import)h) Compensation of employee: Rs 200i) Property Income : Rs 300 ( net receivable from aboard)j)total capital gains from from : Rs 1100 overseas investmentk) Income earned by foreign : Rs 500national domestically

QTN i) calculate GDPa) Rs 60000b) Rs64000c) Rs62000e) Rs 61000Ans: cSolutions ABM-83pageGDP=C+I+G+(X-M) =10000+20000+30000+(8000-6000) =620004 .QTN ii) calculate GNP..from qtn no 4 i)a) Rs 62000B) Rs 60600c)Rs 62200d) Rs 62600ans : dGNP=GDP+ NR (total capital gains from Overseas investment-income earn by foreign national domestically) = 62000+ (1100-500) =626004. iii) Calculate GDP at cost factora) Rs 62000b) Rs 62100c) Rs 60100d) Rs 62100Ans : cSolutions: GDP at factor rate=GDP at market prices-(Indirect taxes-subsidies)=62000-(2000-100)=601004) iv) calculate GNI. a) Rs 62000b) Rs 62400c) Rs 64300d) Rs 64400Ans: DSolutions : gross national income

=GDP at market prices+taxes less subsidies on production and import( Net receivable from abroad)+compensation of employee(Net receivable from abroad) property income ( Net receivable from Abroad)=62000+(2000-100)+200+300=64400

5. Data of a A to Z co. is as follows all currency million in Indian rupees.Corporation tax : Rs 200Income tax : Rs 300Other taxes and duties :RS 100Customs : RS 100Union exercise tax : Rs 200Service tax Rs 300Tax of union territories : Rs 100Interst receipt : Rs 300Devident & profit : Rs 2000External grant : Rs 100Other non tax revenue : Rs 1000Receipt of union territories : Rs 500Trf to NCCD (National calamity : Rs 100Contingency fund)States Share : Rs 300 5 Qtn i) calculate Net Tax revenue of A to Z co.a) Rs 1300b) Rs 900c) Rs 1200d) Rs 1000Ans : bSolutions: Net Tex Revenue=Gross tax revenue- NCCD transferred to the National Calamity Contingency fund- state shareGross tax revenue = Corporation Tax+ Income tax+other tax & duties+costoms+union excise duties+service Tax+ taxes on union territories=200+300+100+100+200+300+100Gross Tax Rrvenue=1300=1300-100-300=900Qtn5 ii) Calculate total Revenue Receipt of A to Z country..a) Rs 4000b) Rs 4800c) Rs 4500d) Rs 4200Ans:b Rs 4800Total revnue receipt=Net Tax revenue+total non tax revenueCalculate first NTR=GTR-NCCD-State share Already calcluted in previous qtn i.e Rs 900

Total Non tax revenue=interst receipt+Dividend & profit+External grants+other Non-Tax revenue+Receipt of union territories=300+2000+100+1000+500 =3900Hence Net tax revenue=900+3900 =480006. data of abc country.Recoveries of loan & advance Rs 1000recoveries of short term loans and advances Rs300from states and loans to govt serventsMisc capital receipt Rs 200Market loans Rs 300Short term borrowings Rs 500External assistance (Net) Rs 200Securities issued against small savings Rs 200State provident fund Rs 100Other receipts (Net) Rs 400 Total non tax revenue Rs 3000Net tax revenue Rs 1000Draw down cash balance Rs 2000@total revenue receipt=net tax revenue+Total non tax revenue 6 a) calculate capital receiptA) Rs 1200B) Rs 900C) Rs 2600D) Rs 1700Ans: cCapital receipt =Non debit receipt+Debt receiptFirst calculate NDR=Recoveries of loan& advances(duduct recoveries of short term loans & advance from state and loans to govt sarvents)+MISC Capital receipts=1000(-300)+200NDR=900Than Debt receipt= market loans+Short term borrowings+External assistance(NET)+Securities issued 3against Small savings+other Receipts(Net)=300+500+200+200+100+400=1700Capital receipt=900+1700 =26006 b). calculate total receipt..a) Rs 4600b) Rs 4900c) Rs 8000d) Rs 8600Ans is :d Rs 8600@total revenue receipt=net tax revenue+Total non tax revenue

Total recepipt=Total Revenue receipt+capital receipt+drawdown of cash bal=(3000+1000)+2600+2000=86006 c) calculate financing of fiscal deficita) Rs 2000b) Rs 3700c) Rs 2400d) Rs 4600Ans : bsolution Financing of fisical deficit=Debt receipt+Dwar-down of cash balDebt receipt= market loans+Short term borrowings+External assistance(NET)+Securities issued 3against Small savings+other Receipts(Net)=300+500+200+200+100+400=1700Financing of fisical defict=1700+2000 =3700

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7.Mr ram wants to have Rs 20000 after a year how much he should deposit in a bank to get this amount if the prevailing rate of interest is 9% p.a.a) 17896b)18104c)18224d)18348ans : d 20000/1.098. Mr Amit purchased a property for Rs 8 lac . he has been assured to get Rs 10 lac, after one year at 9% interest rate. What is the net present value of the poperty based on this assured return.a) Rs. 117400b)Rs. 118300c) Rs. 119200d) Rs. 120100Ans : a 1000000/1.09=917431-80000= 1174009. Mr Raj decided to deposited Rs. 5000 ( at end of the year) for 10 yr . how much amt he will get if the interest rate of is 5% p.a.a)62890b)62980c)68920d)69820all value in Rs.Formula future value end of the period annutiesAns: a Fv=a/r (1+r)n-1 =5000/.05(1.05)10-1=6289010.. MR. ram sons is expected to join a professionnal course in 03 yr from now and he would be needing a sum of Rs 3lac at that time as admission fee. Mr Ram wants to save the amt in annual instalments and prevailing interest rates are 5% How much amt he should deposit per annum.a)95163b)95631c)953631d)96531Ans: A Thus annuity given the future value =FV*r/(1+r)n-1 =300000*.05/(1.05)3-1= 95177 Appox11. worked out the discount factor for Re 1 to be received at the end of two yr with prevalent 8% .a)0.890b)0.873c)0.857D)0.842Ans: c =1/(1+r)n= 1/(1.08)square212.An investment at 10% is compounded monthly, what shall be the effect interst rate for this.A)10%b)10.25%c)10.47%d)10.5156%ans: c =(1+.10/12) sqare 12-1 semi annually devide by 2 monthly devide by 12 for daily by 365 continuous equare 10-113.A console bond of Rs 10000 is issued at 6%Coupon current interst rates and 9%. Find out the current value of the console bond .a)7660b)6760c)6670d)6706And :c = 10000*.06=6000/.09=6670

14 please explain this as it was asked in last time caiib examsQ A bag contains 7 yellow balls and 5 red balls. One ball is taken from the bag at random and is not replaced. A second ball is taken from the bag. Determine the probability that

Q-1 What is Probability of both balls are red....1) 42/132 2) 20/132 3) 21/132 4) 35/132

Q-2 What is Probability of both balls are the same colour.1) 42/132 2) 20/132 3) 62/132 4) 70/132

Q-3 What is Probability of both the balls are different colours.1) 42/132 2) 20/132 3) 21/132 4) 70/132

Q-4 What is Probability of at least one ball is yellow.Solutions:-1) 120/132 2) 112/132 3) 70/132 4) 35/132.Chat Conversation EnTop of Form Hitesh Kothari q-1 20/132 , Q2 62/132, q3 70/132, q4 112/132Q 15If debt equity ratio of a unit is 2:1, current Liabilities are Rs. 8 Lakh, equity Rs. 4 Lakh, the total assets of the firm will be...?As equity z givn debt vl b 8 lacs so total assets= debt +equity +c.liab i.e 8+4+8Q 16Total asstes of a company are Rs. 200 lakh. Debt Equity Ratio is 2:1 and current liabilities are Rs. 56 Lakh. Equity of the company will be....?Top of FormBottom of Formans Total long term liab z 144 so equity z 1/3rdq 17If current Ratio of a unitis 1.25:1, current assets are 5 Lakh, quick ratio is 1:1 Presuming there are noprepaid exp, inventry will be...?Top of FormBottom of Form Ans 500000/1.25 (quick ratio=ca-inv/cl Ans :10000Q 18Current Ratio is 2:5:1 and current assets are Rs. 30 Lakh. NWC will be.....? calculate howTop of FormAns;18 lacs. 24 lacs c.a. & 6 lacs cl 24_6=18 lacs nwcBottom of FormTop of Form19 Bottom of FormQtn 91 days treasury bills maturing on 06.04.2013 purchased on 18-02-2013 rate quoted is Rs 99.1489 per Rs 100 this yield of ths T bill isa)6.8%b)4.90%c)5.70%d) none of the above

please also explain your ansTop of Form100-99.14/99.14*365/remain days(47 or 48)ans is 6.98 APROX20. How many years it will take under rule 72 for an investment to become quadruple In value , if th ROI is 12%.a) 6 year b) 12 yearc) 16 yeard) 20 yearans: 1221. What is the easiestway to calculate value of any investment will become half, if inflation rate is 7% the value will become half in how many year.(under rule 70)a) 6 yearb) 10 yearc) 12 yeard) 16 yearans: b under rule 70 22. 6% coupon rate of bond of rs 1000 what will be the amount we will get after 03 year if compounded return is 5.6%.a) 1010.77b) 1010.91c) 1177.58d) 1237.58e) Non of theseans : a23. 6% coupon rate of bond of rs 1000 what will be the amount we will get after 03 year if the coupon payment become half yearly than, compounded return is 5.6% onlya) 1010.77b) 1010.91c) 1177.58d) 1237.58e) Non of theseans: b24. Mr. X is expecting a cash flow of Rs 10 lac at the end of 01 year for his investment of Rs 8 lac in a housing property , at 08% discount rate what is the Net present value.a) 92592b) 125926c) 740740d) 125926e) None of theseans: d ( present value 100000/108= 925926 than NPV= PV- investment =925926-800000= 125926 ans25. bonds and debentures are an example ofa) term loanb) lump-sum payment loanc) balloon repayment laond) interest demand laone) non of theseans:c26. A constant flow paid or recived at aregular intervals for ever is known as.a) annuityb) peretuityc) growing annuityd) growing perpetuityans: b27. what is present value of Rs 180000 which is paid every year over a period assuming the rate of interest at 12%a) 64860b)646880c) 648860d) 684860e) non of theseans: c 9 pv=A((1+r)power n -1))/r(1+r)power n= 180000(1+.12)power 5- 1/.12(1+.12)power 5= 137221/.2114=64886028. On 8%, 5 year bond of Rs 10000, the investors gets annually as..A) 80 intb) 80 couponc) 800 discountd) 800 couponans: d29. regular repayment in the from of interst on a bond is calleda) discountb) interstc) coupond) dividende) installmentf) EMIans: c30. depending upon the current interest rates ,the face value of which of the following types of bonds changes .a).floating rate bonds b) negotiable bondsc) Zero coupon bondsd) convertible bondsans: b