Professional Documents
Culture Documents
N.B.:-
1. Question no.01 is compulsory and carries 20 marks
2. Attempt any 3 questions from question no.02 to Q.5, carrying10 marks each.
3. Question paper is in excel format. It has be downloaded through link provided.
4. Entire paper is in single workbook however, there are separate sheets for each question / sub question.
5. Students have to solve in the same worksheet in which question appears.
6. Solution has to be outlined with thick borders and questions area should not be disturbed.
7. Working notes have to be prepared in detail, wherever necessary, for every question or sub question in the sa
8. Upload the same excel workbook, which is downloaded after attempting the answers to questions.
9. Access to Internet sites, other than those required to conduct exam are prohibited.
Semester: VI
Marks: 50
Time:-________
on / sub question.
Solution to Question 1
……………………...…. (20 Marks)
an international
Mulund(w), Mumbai.
g and holydays.
with spouse.
y complete 21 years of age.
n at the age of 28 for both children’s;
Solution to Q.2
……………………………...…. (10 Marks)
very well versed with Finance,
made after consulting his colleagues at work.
to get married, he feels even more
rt in finance, to assess the health of his finances.
s using the given information
y's financial health?
on)
6,000
1,000,000
1,006,000
300,000
300,000
1,306,000
Question 3 …………………..………………………………………………………………...…. (10 Marks)
Radha, a widow, aged 40 years is presently working with a multinational company as a Business analysts and
is getting a decent salary of Rs.85,000/- a month.
She has two children. Rishi, the elder son is 14 years old and Ananya, her daughter is 8 years old.
She stays in a house owned by her late husband and has her old mother in law to be taken care of.
Her monthly household expenses, including the premiums for her insurance policies, medical bills of mother
in law and childrens cost of educations sums to up around Rs.44000/-.
She has to save money for her future goals which are as follows -
a) She plans to go along with her family on Europe tour after 5 years. In present terms, the trip is going to cos
her Rs 7,00,000. The inflation rate be taken at 4%p.a.
b) She wants her son to go abroad for his higher education. It will cost her then a total of Rs24,00,000.
This expense will get due after 7 years.
c) She also wants to save money for her daughter's marriage which will be due after 15 years.
In todays terms, the marriage should have costed her Rs10,00,000.
She has come to you seeking financial advice. She has put before you the following questions.
1. How much amount she will have to save every month to fulfill her goal of conducting a Europe trip? ……(2 m
2. What amount she should save every month to finance son's higher education? …………………………………….(2 m
3. If she plans to save Rs 3000, every month, for the daughter's marriage, will it be sufficient enough to
meet the marriage cost?If not, what will be the shortfall………………………………………………………………………….(2
4. Suppose if she manages her daughter's marriage with the amount that is accumulated as per Q.3 above,
will she be able to save any money for her retirement. What is the total corpus that will accumulate
to on her retirement, at the age of 60? (Assuming all the balance money is invested for retirement)…….. (4
It is assumed that all the money saved above, is invested in separate Equity funded Mutual plans,
which are expected to give a return of 12% all throughout the years.
Also assume that the increase in salary every year will go towards increase in household expenses and standard of livin
(All calculations be rounded off to the nearest rupee)
Solution to Q.3
…………...…. (10 Marks)
as a Business analysts and
r is 8 years old.
be taken care of.
es, medical bills of mother
total of Rs24,00,000.
er 15 years.
g questions.
ucting a Europe trip? ……(2 marks)
…………………………………….(2 marks)
e sufficient enough to
……………………………………….(2 marks)
mulated as per Q.3 above,
that will accumulate
sted for retirement)…….. (4 marks)
Solution to Q.4
……………...…. (10 Marks)
ana to discuss a life insurance plan.
65, and two depended
Solution to Q.5
……………...…. (10 Marks)
mic personality has recently qualified