Please help me in understanding the highlighted part. Thank you!  

Shouldn’t the answer be optio C? Please help me in understanding this. Thank you!  

I’ve a doubt regarding Inter-temporal rate of substitution(I-TRS), with increase in income MU of current consumption decreases because of which option A stands wrong but it does make I-TRS rise, doesn’t it? Please help me in understanding this. Thank you!  

Please explain all the 3 options. Also, in the last line of sol^n it’s written ‘generally not taxable’, so, are there circumstances where such a dist^n is taxed? Thank you!

During class Sir told us that we must multiply the commission by 2, in this question we didn’t that because of the word ’round trip’, right?

Costs incurred by APs in creation & redemption is ultimately borne by the investors who are basically the ETF shareholder’s then why option C stands wrong? Is my understanding wrong? Please clarify. Thank you!

How come any forecast affect coupon payments of inflation indexed bonds? Do these bonds trade like other normal bonds?

Pls explain why gladden comment is right bcz if i am not wrong  active risk depends upon many factors and only prohibiting short selling doesnt mean that he cant take adv of increased active risk and it reduces TC but it ...