Bonus Act_Practical Problems_34

Referring the provisions of the Payment of Bonus Act, 1965, state whether the following persons are entitled to bonus under the Act:
(i) An apprentice;
(ii) An employee dismissed on the ground of misconduct;
(iii) A temporary workman;
(iv) A piece-rated worker.

Bonus Act_Practical Problems_33

A workshop is employing 50 workmen. A shop-supervisor is drawing monthly wages of Rs. 9,000. HRD paid annual bonus to all employees except the supervisor. The Supervisor contends that he is also entitled to bonus. Referring to the provisions of the Payment of Bonus Act, 1965 decide whether the HRD’s action is correct.

Consumer Protection Act_Practical Problems_10

Bindu while traveling in a train fell down through the hole in the inter – connecting passage way between two compartments and died. Bindu’s dependant wants to lodge a complaint against the railways under the Consumer Protection Act, 1986. Advise.

Consumer Protection Act_Practical Problems_9

A CT scan machine is installed in Daya Ram Charitable Trust and Diagnostic Centre, 80% of the patients are required to pay charges for the services rendered by the trust whereas 20% patients are provided free services. On a complaint against the trust for deficiency in service, it contended that the trust did not engage in profit-making activity on a large scale. Will it succeed? Give reasons for your answer.

CFA_Ethics_15

Ray Stone, CFA, follows the Amity Paving Company for his employer. Which of the following scenarios is Stone least likely to have to disclose to his employer.

A)The fact that Stone's son worked at Amity as a laborer during the summer while in school.
B)Stone's personal relationship with the CEO of Amity.
C)Stone's ownership of Amity securities.
D)Stone's participation on Amity's board of directors.

answer : A

CFA_Ethics_14

Pamela Gee is a portfolio manager. She is planning to establish her own money management firm. She has already informed her employer, Branford, Inc., about her plans. In her remaining time at Branford, she can:

A)solicit Branford colleagues but not Branford clients.
B)inform her current clients about her resignation and let them know how to reach her, in case any problems arise in the future.
C)prepare a list of information from Branford files that she can use for future reference in client solicitation.
D)start the registration of her new company.

answer : D

CFA_Ethics_13

Which of the following statements is most correct under the Code and Standards?

A)Consent from the employer is necessary to permit independent practice that could result in compensation or other benefits in competition with the member's employer.
B)CFA Institute members are prohibited from undertaking independent practice in competition with their employer.
C)Written consent from the outside prospective client is necessary to permit independent practice that could result in compensation or other benefits in competition with the member's employer.
D)Members are prohibited from making arrangements or preparations to go into competitive business before terminating their relationship with their employer.

answer : A