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

Viewing page 12 out of 16 pages
Viewing questions 221-240 out of questions
Questions # 221:

Which of the following statement is not true?

Options:

A.

Correlation among the securities in the portfolio has nothing to do with the risk of portfolio


B.

Return on any financial assets consists of current yield and capital yield


C.

Risk of individual financial assets refers to variability of its returns around its mean returns


D.

Return of a portfolio is simply weighted average of returns on individual securities in the portfolio multiplied by their corresponding proportions/weights in the portfolio.


Expert Solution
Questions # 222:

The role of a wealth manager can be best defined as which of the following?

Options:

A.

Make informed decision to the clients


B.

Develop a sound financial plan


C.

Review the financial plan


D.

All of the above


Expert Solution
Questions # 223:

Financial goals must be SMART. SMART stands for _________________

Options:

A.

Seek, Measure, Attainable, Realistic, Time bound


B.

Seek, Monitor, Attainable, Realistic, Time bound


C.

Specific, Measurable, Attainable, Realistic, Time bound


D.

Specific, Measurable, Attainable, Rewarding, Time bound


Expert Solution
Questions # 224:

As additional securities are added to a portfolio, total risk will generally ________ at a _________ rate.

Options:

A.

rise; decreasing


B.

rise; increasing


C.

fall; decreasing


D.

fall; increasing


Expert Solution
Questions # 225:

The facility of mini-statement is available to customers __________

Options:

A.

24 x 7, at all times


B.

Only on working days of the branch


C.

Only during working hours of the branch where the customer maintains his a/c.


D.

At all times when the server is up at the branch maintaining the customer’s account


Expert Solution
Questions # 226:

To take care of the risks during the foreign travel, Overseas Travel Insurance policy cover provides various other covers, in addition to __________ insurance, such as baggage cover, loss of transport cover, personal accident cover, personal legal liability cover etc.

Options:

A.

Medical


B.

Health


C.

Life


D.

Property


Expert Solution
Questions # 227:

A portfolio consists of 50% of investment ‘X’ that earned 15%, 25% of investment ‘Y’ that earned 8% and 25% of investment ‘Z’ that earned 11%. Compute the weighted average return?

Options:

A.

13.75%


B.

14.25%


C.

14.50%


D.

14.75%


Expert Solution
Questions # 228:

Minimum number of employees in an establishment for it to come under the purview of the Payment of Gratuity act is ______

Options:

A.

20 and above


B.

Above 20


C.

10 and above


D.

Above 10


Expert Solution
Questions # 229:

What is the time limit for re-assessment made u/s 17

Options:

A.

One Year


B.

Two years


C.

Five years


D.

No time limit


Expert Solution
Questions # 230:

Inflation refers to ............

Options:

A.

Increase in price rise


B.

Decrease in price rise


C.

Fall in money value


D.

A and C


Expert Solution
Questions # 231:

Trading horizon is ______________

Options:

A.

Is stated in money terms


B.

Is calculated as the opportunity lost


C.

Is calculated in number of days


D.

None of the above


Expert Solution
Questions # 232:

The Capital Asset Pricing Model:

Options:

A.

Has serious flaws because of its complexity.


B.

Measures relevant risk of a security and shows the relationship between risk and expected return.


C.

Was developed by Markowitz in the 1930s.


D.

Discounts almost all of the Markowitz portfolio theory.


Expert Solution
Questions # 233:

Comprehensive Wealth Management addresses

Options:

A.

Life Planning


B.

Investment Planning


C.

Estate Planning


D.

All of the above


Expert Solution
Questions # 234:

According to the capital asset pricing model, fairly priced securities have __________.

Options:

A.

Negative betas


B.

Positive alphas


C.

Positive betas


D.

Zero alphas


Expert Solution
Questions # 235:

During “Building the foundation” life stage, we learn about _______

Options:

A.

Budgeting


B.

Five Fundamental of Fiscal Fitness


C.

Three Fundamental of Fiscal Fitness


D.

Seven Fundamental of Fiscal Fitness


Expert Solution
Questions # 236:

A fraud is discovered with respect to an loan that has turned NPA. When is the earliest that it can be treated as a doubtful asset?

Options:

A.

Immediately


B.

Has remained sub-standard for upto 2 quarters


C.

Has remained NPA for upto 1 quarter


D.

Has remained NPA for upto 1 year


Expert Solution
Questions # 237:

EBT stands for

Options:

A.

Electronic belated transfer


B.

Electronic beginners transfer


C.

Electronic benefit transfer


D.

Electronic beginning transfer


Expert Solution
Questions # 238:

An AMC must explain the adverse variation between its expense estimates for the scheme on offer and actual expenses for past schemes in________

Options:

A.

Financial newspapers


B.

Business channels on TV


C.

Offer document


D.

AMFI Newsletter


Expert Solution
Questions # 239:

Which is not the condition for getting superannuation fund approved?

Options:

A.

All the benefits should be payable only in India


B.

Employee should be contributor to the fund


C.

Employer should be contributor to fund


D.

Funds have to be invested as per income tax rules1962


Expert Solution
Questions # 240:

The credit balance in Non resident (external) account is exempt from wealth tax provided depositor is a person

Options:

A.

Resident in India


B.

Resident outside India


C.

Resident put not ordinarily resident in India


D.

None of the above


Expert Solution
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Viewing questions 221-240 out of questions