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

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Viewing questions 281-300 out of questions
Questions # 281:

Which one of the following is/are correct?

Question # 281

Options:

A.

(i) only


B.

(iii) only


C.

(i), (ii), (iii)


D.

None is correct


Expert Solution
Questions # 282:

Expenses are 10% of the gross (office) premium. Pure premium is Rs. 200. Calculate office premium.

Options:

A.

222


B.

220


C.

182


D.

180


Expert Solution
Questions # 283:

What is the minimum age required to avail the Benefits provided under the golden hand shake scheme?

Options:

A.

21 years


B.

45 years


C.

55 years


D.

40 years


Expert Solution
Questions # 284:

Mr. Kishan owns a factory producing some small spare parts.Under which policy he can get cover against the claim for paying damages and legal costs arising from any bodily injury or damage in the premises of his property ?

Options:

A.

Key man Insurance policy


B.

The directors’ and officers liability policy


C.

Product Liability insurance


D.

Public Liability Insurance


Expert Solution
Questions # 285:

If after the partition of an HUF 2 members became partners in 3 firms on behalf of their respective HUFs and they also become partners in a fourth firm. The funds were obtained by means of loans from the other 3 firms. The share incomes of the members from the fourth firm were assessable as their individual income only.

Options:

A.

TRUE


B.

FALSE


Expert Solution
Questions # 286:

Mayank an investor buys one share of stock for Rs.500 at the beginning of the first year, and buys another share for Rs.550 at the end of the first year. The investor earns Re.10/- in dividends in the first year and Re.20/- in the second year. What is the time-weighted rate of return if the shares are sold at the end of the second year for Rs.650/- each?

Options:

A.

6.88%


B.

16.88%


C.

0.07%


D.

0.16%


Expert Solution
Questions # 287:

Under the Payment of Gratuity Act, 1972, where the employee employed in a seasonal establishment is deemed to be in continuous service for such period if he actually worked for not less than __________% of the number of days on which the such establishment was in operation during such period.

Options:

A.

60%


B.

70%


C.

50%


D.

75%


Expert Solution
Questions # 288:

The June 1999 Basle Committee on Banking Supervision issued proposals for reform of its 1988 Capital Accord (the Basle II Proposals). These proposals contained mainly in:

Question # 288

Options:

A.

I,III and VI


B.

II, IV and V


C.

I,IV and V


D.

II, III and VI


Expert Solution
Questions # 289:

Purpose of budget is ____________

Options:

A.

Spend money wisely


B.

Reach financial goals


C.

Prepare for financial emergencies


D.

All of the above


Expert Solution
Questions # 290:

Which of the following is a secondary identifier _______.

Options:

A.

Date of Birth


B.

Nationality


C.

Both of the above


D.

None of the above


Expert Solution
Questions # 291:

Suresh a 30 years old person has joined ABHG on 1/07/2006. His monthly salary (net salary) after deduction is payable Rs. 20500.His monthly expenses details are as follows:

Question # 291

Assume that Suresh has taken his flat on rent from 01/07/2006. On 01 /07/2006 he has cash in hand Rs. 2450. What will be his cash in hand on 31/03/2007.

Options:

A.

Rs. 72150/-


B.

Rs. 83150/


C.

Rs. 94070/-


D.

Rs. None of the above


Expert Solution
Questions # 292:

What an employee should check in his retirement benefit plan offered by the employer?

Options:

A.

His vesting rights


B.

His retirement age


C.

His contributory obligations


D.

All of the above


Expert Solution
Questions # 293:

When bondholder pays more than par value to acquire bond, then

Options:

A.

YTM > Current Yield > Nominal Yield


B.

YTM = Current Yield = Nominal Yield


C.

Nominal Yield > Current Yield > YTM


D.

Nominal Yield > Current Yield = YTM


Expert Solution
Questions # 294:

How much should one deposit today in a bank account paying interest compounded quarterly if you wish to have Rs. 10000 at the end of 3 months, if the bank pays 5% annually?

Options:

A.

9524


B.

9877


C.

9788


D.

9867


Expert Solution
Questions # 295:

Which of the following statements are true?

Question # 295

Options:

A.

Only statement I is correct


B.

Only Statement II is correct


C.

Both statement, I and II are correct


D.

Both statement I and II are incorrect


Expert Solution
Questions # 296:

Profitability Index is

Options:

A.

Present value of future cash flows / present value of initial investment


B.

Present value of future cash flows / future value of initial investment


C.

Future value of cash flows / present value of initial investment


D.

None of the above


Expert Solution
Questions # 297:

Which of the following transaction /transactions is/are an example of the Layering Stage of Money Laundering?

Question # 297

Options:

A.

Only b


B.

b, c and d


C.

a b and c


D.

b and d


Expert Solution
Questions # 298:

A country has an “absolute advantage” in two products with respect to another country. Can it gain by trading with the other country?

Options:

A.

No


B.

Yes, if the other country has comparative advantage in one particular product


C.

Yes, under all circumstances


D.

None of the above


Expert Solution
Questions # 299:

A person is on the verge of retirement. He has sufficient funds to meet his daily regular expenses and even he has sufficient insurance coverage. He owns a house property. His family consists of him and his wife only. As a Chartered Wealth manager, which insurance policy would you suggest him?

Options:

A.

Regular annuity policy.


B.

Householders policy.


C.

Med claim policy.


D.

Both B & C.


Expert Solution
Questions # 300:

Which of the following is an aspect of the first principle underlying Supervisory Review Process in Basel framework?

Options:

A.

Banks should have a process for assessing their overall capital adequacy in relation to their risk profile.


B.

Banks should have a strategy to maintain their capital level.


C.

Both of the above.


D.

None of the above. The act does not define a banking company.


Expert Solution
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