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

Viewing page 13 out of 16 pages
Viewing questions 241-260 out of questions
Questions # 241:

GDP refers to ..............

Options:

A.

Market value of all final goods and services produced within the country during a year.


B.

Net value of final goods and services produced in domestic economy each year


C.

Production from Pvt. and Public Sector during the year


D.

None of the above


Expert Solution
Questions # 242:

Income received in India in previous year is taxable in the hands of:

Options:

A.

Resident;


B.

Not-resident;


C.

Non ordinarily resident;


D.

All above.


Expert Solution
Questions # 243:

Hybrid plans are

Options:

A.

Combination of DB & ESOP plan


B.

Combination of DB & DC plan


C.

Combination of ESOP and Money purchase plan


D.

None of the above


Expert Solution
Questions # 244:

A type of lease where there is no payment schedule and penalty for a set period of lines.

Options:

A.

True lease


B.

Sub lease


C.

Operating lease


D.

Skip lease


Expert Solution
Questions # 245:

In Islamic Banking, Anything permitted by Shariah is called:

Options:

A.

Israf


B.

Halal


C.

Haram


D.

Hibah


Expert Solution
Questions # 246:

In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made

Options:

A.

After 1/4/99


B.

on or after 1/4/99


C.

Before 1/4/99


D.

On or after 1/9/2004


Expert Solution
Questions # 247:

What is the most essential characteristic to be in existence at the stage of establishing client relationship?

Options:

A.

Collection of personal details


B.

Establishing trust and confidence


C.

Data gathering from the client


D.

Providing the client with an healthy atmosphere


Expert Solution
Questions # 248:

Company Deposits are regulated by

Options:

A.

RBI


B.

SEBI


C.

CLB


D.

None of the above


Expert Solution
Questions # 249:

A trust which is established by expressions of confidence ,request or desire that property

will be applied for the benefit of a definite person or object is termed as:

Options:

A.

Express Trust


B.

Pre-catory trust


C.

Resulting Trust


D.

Constructive Trust


Expert Solution
Questions # 250:

While granting a bank license, RBI considers all of the following, except ________."

Options:

A.

Ability to pay depositors


B.

Price of equity share of company


C.

Character of proposed management


D.

Whether public interest will be served by grant of license to the company


Expert Solution
Questions # 251:

Under _________ working capital limits are determined based on financial projections.

Options:

A.

Cash credit


B.

Overdraft


C.

Bill Purchase


D.

Bill Discount


Expert Solution
Questions # 252:

A company is eligible to issue Commercial Paper when its tangible net worth is not less than:

Options:

A.

3.75 Crores


B.

4.5 Crores


C.

4 Crores


D.

3 Crores


Expert Solution
Questions # 253:

Risk can be

Options:

A.

Financial


B.

Non-Financial


C.

Both of the above


D.

None of the above


Expert Solution
Questions # 254:

Duration is

Options:

A.

Quoted in years


B.

Weighted average term to maturity


C.

Equal or less than it’s time to maturity


D.

All of the above


Expert Solution
Questions # 255:

Which of the following is not true?

Options:

A.

The prices of zero coupon bonds fluctuate less than bonds with large coupons.


B.

The concept of duration stresses when a bond will make its payments to bondholders.


C.

The smaller a bond's coupon implies a longer duration.


D.

A conservative investor will prefer a bond with a smaller duration even though it may have a longer term to maturity.


Expert Solution
Questions # 256:

What would be the tax liability if tea and snacks are provided in the office after office hours?

Options:

A.

Nil


B.

Nil, if it is uptoRs. 50 per meal


C.

Actual amount spent by the employer


D.

Nil, if it is upto Rs. 75 per meal


Expert Solution
Questions # 257:

EDLI stands for

Options:

A.

Employee Deposit Linked Insurance Plan


B.

Employers Deposit Linked Insurance Plan


C.

Employees Daily wages Linked Insurance Plan


D.

Employees Draft Linked Insurance Plan


Expert Solution
Questions # 258:

Mr. Dinesh is aged 35 years and has a wife aged 30 years old and two small children. His parents are also dependent on him and has a house against which he has taken a housing loan. What is the most important insurance cover required by him at this stage?

Options:

A.

Income Protection Cover and Life Insurance Cover


B.

Life Insurance Cover and Mortgage Cover


C.

Accident policy Cover and Critical Illness cover


D.

Child education Cover


Expert Solution
Questions # 259:

An employee benefit plan can generally help in accomplishing all of the following items except:

Options:

A.

Meet a need that cannot otherwise be met (such as providing for the cost of a serious illness)


B.

Provide unique tax benefits (such as funding a qualified retirement plan without current taxation of the plan contributions to the employee)


C.

Eliminate underwriting requirements on any personally purchased life insurance


D.

Encourage the employee to remain with the employer


Expert Solution
Questions # 260:

Risk free rate of return is 8%, expected market premium is 15% and Beta of security is 0.80. What is the expected rate of return of the security?

Options:

A.

13.60%


B.

15.00%


C.

12.00%


D.

20.00%


Expert Solution
Viewing page 13 out of 16 pages
Viewing questions 241-260 out of questions