Pass the AAFM Chartered Wealth Manager GLO_CWM_LVL_1 Questions and answers with CertsForce

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Viewing questions 201-220 out of questions
Questions # 201:

In ________, the values exchanged by the contracting parties may not necessarily be equal

Options:

A.

Aleatory contracts


B.

Conditional contract


C.

Personal contract


D.

Unilateral contract


Expert Solution
Questions # 202:

A will that is not valid in India except in the case of privileged wills or in the case of Mahomedans

Options:

A.

Nuncupative Will


B.

Contingent Will


C.

Holograph Will


D.

Concurrent Will


Expert Solution
Questions # 203:

The Indian Taxation System by nature is...........

Options:

A.

Assertive


B.

Regressive


C.

Progressive


D.

None of the above


Expert Solution
Questions # 204:

The interest payable for a housing loan outside India is not allowed as a deduction U/S 24 (1) while computing the income from house property?

Options:

A.

True


B.

FALSE


Expert Solution
Questions # 205:

Minimum number of independent directors on the board of asset Management Company is

Options:

A.

50%


B.

60%


C.

75%


D.

66.67%


Expert Solution
Questions # 206:

Recurring expenses are the lowest for:

Options:

A.

Index fund


B.

ELSS


C.

Floating rate debt fund


D.

Arbitrage fund


Expert Solution
Questions # 207:

Assessing client’s level of risk tolerance is done while

Options:

A.

Making a wealth plan


B.

Reviewing a wealth plan


C.

Both of above


D.

None of the above


Expert Solution
Questions # 208:

One should accept a project if NPV is

Options:

A.

Positive


B.

0


C.

Negative


D.

None of the above


Expert Solution
Questions # 209:

Duration of National Savings Certificate is

Options:

A.

5 years


B.

6 years


C.

7 years


D.

10 years


Expert Solution
Questions # 210:

If an investment has a correlation coefficient of 0.80 with the market, which of the following performance measures is the best measure of risks?

Options:

A.

Jensen.


B.

Sharpe & Jensen.


C.

Sharpe.


D.

Treynor.


Expert Solution
Questions # 211:

A testator sometimes make two wills one relating to his property in his native country and other relating to his property in some foreign country this type of will is called

Options:

A.

Duplicate will


B.

Sham will


C.

Holograph will


D.

Concurrent will


Expert Solution
Questions # 212:

An inverted yield curve implies that:

Options:

A.

Long-term interest rates are lower than short-term interest rates.


B.

Long-term interest rates are higher than short-term interest rates.


C.

Long-term interest rates are same as short-term interest rates.


D.

Intermediate term interest rates are higher than either short-or long-term interest rates.


Expert Solution
Questions # 213:

High powered money refers to.................

Options:

A.

Currency with public.


B.

Bankers deposits with RBI


C.

Cash with banks


D.

All of the above


Expert Solution
Questions # 214:

In case of yearly, half yearly or quarterly premium payments …………… days of grace.

Options:

A.

10 Days


B.

15 Days


C.

20 Days


D.

30 Days


Expert Solution
Questions # 215:

Which of the following is/are not the statutory objectives of Financial Service Authority(FSA) of UK?

Question # 215

Options:

A.

Only IV


B.

III and IV


C.

Only III


D.

None of the Above


Expert Solution
Questions # 216:

Which of the above mentioned could be reduced after appropriate diversification?

Options:

A.

Market risk (systematic risk)


B.

Unsystematic risk (company specific risk)


C.

Political risk


D.

Inflation risk


Expert Solution
Questions # 217:

IMF has _____ directors

Options:

A.

5


B.

10


C.

15


D.

24


Expert Solution
Questions # 218:

Sum received by an individual as a member of an HUF from the family income is:

Options:

A.

Fully except


B.

Fully taxable


C.

Subject to special rate of tax


D.

Subject to special deduction from taxable income


Expert Solution
Questions # 219:

Which of the following statement is correct?

Options:

A.

The doctrine of adhesion states that you can bargain or ask insurer to change the terms of the insurance contract as per your needs.


B.

While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of utmost good faith


C.

While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of insurable interest


D.

While applying for life insurance, it becomes your duty to disclose your past illnesses to the insurer, according principle of subrogation


Expert Solution
Questions # 220:

Income from which trust is added to the beneficiary’s taxable income?

Options:

A.

Private trust


B.

Charitable


C.

Religious


D.

None of the above


Expert Solution
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Viewing questions 201-220 out of questions