7 ne unit of trading who expects gold price 5000 per 10 grams Gold trades a 16000 per 10 grams in the spot market. Three-month gold futures trade at 216150. One unit of trading is Ikg and the delivery unit for the gold futures contract on the NCDEX is 1 kg. A speculator who expects gold prices to rise in the near future buys I unit of gold futures. Two months later gold futures trade at 215900 per 10 grams. He makes profit/loss of 1 kg - 1000 grams) (a) (+)2500 (b) (+)25000 (e) (-)2500 (d) ()25000 8. Bonds that are backed by cash flows from the project and are sold to finance particular project are considered: A Finance bonds (b) Revenue bonds (c) Project bonds (d) Funding bonds 9. Which of the following is not an indication that a lease is a finance lease? (a) The lease transfers ownership of the asset to the lessee at the end of the lease by The lease term is for a short part of the economic life of the asset (c) The leased assets are specialized in nature (d) The present value of minimum lease payment amounts to substantially all of the fair value of the asset 10. Rainbow Leasing Company sources funds from Bank One, Mumbai for importing an equipment for onward leasing to Sunrise Constructions Limited, they have opted for: 47 Capital lease (b) Leveraged lease (c) Cross border leasing (d) Import lease II. The main criterion of international leasing transaction is that: (a) The leased assets must be imported (b) The lessor and lessee must reside in different countries (c) Only (b) above v Both (a) and (b) of the above 12. The primary considerations of the lessee in a sale and lease back agreement are: (a) To avail of an off-balance sheet finance and tax benefits (b) To improve immediate liquidity, while retaining the use of asset (c) To get rid of existing inventory Both (a) and (b) of the above (e) Both (b) and (c) of the above 13. Factoring finance is: (a) A type of loan using books debts and/or receivables of a company as collateral (b) An outright purchase of a company's book debts (c) An outright purchase of a company's book debts at pre-sale stage (d) An outright purchase of a company's book debts at post-sale stage