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NEW QUESTION: 1
Your client, a businessman has a house worth Rs. 2.1 crore and a farm house worth Rs. 85 lakh. His business is worth Rs. 10 crore as per last balance sheet. He has two other partners in the business having stakes of 24% each. He has two cars purchased at Rs. 40 lakh and Rs. 20 lakh, the latter being in personal account. The cars have depreciated/market value at Rs. 30 lakh and Rs. 8 lakh respectively. His joint Demat account, wife being primary holder, has stocks worthRs. 1.65 crore. The business has taken Keymans insurance on his life of value Rs. 1.5 crore. He has himself insured his life for an assured sum of Rs. 1.5 crore. You evaluate your client's estate in case of any exigency with his life as _____.
A. Rs. 9.56 crore
B. Rs. 10.51 crore
C. Rs. 5.73 crore
D. Rs. 8.20 crore
Answer: B
NEW QUESTION: 2
A. Option A
B. Option D
C. Option B
D. Option C
Answer: C
NEW QUESTION: 3
A sophisticated, and usually ceremonious meal for a large number of people, generally in honor of a particular person is called a banquet.
A. False
B. True
Answer: B
