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

Viewing page 16 out of 16 pages
Viewing questions 301-320 out of questions
Questions # 301:

During last five years, Mr. Saxena owned securities that gave the following annual rate of return:

Question # 301

Which is the preferable security as per Geometric mean annual rate of return?

Options:

A.

Security A


B.

Security B


C.

Both are equally preferable


D.

None of the above


Expert Solution
Questions # 302:

Which of the following statements in reference to REPO Rate is/are correct?

Question # 302

Options:

A.

I, II and III


B.

I and II


C.

I, III and IV


D.

II,III and IV


Expert Solution
Questions # 303:

In a “Pure Play” model of wealth management

Options:

A.

Wealth Management is viewed as the core business of the firm


B.

Wealth Management and investment banking are the core business of the bank


C.

Focus is on wide array of products of which private banking is one


D.

None of the above


Expert Solution
Questions # 304:

Which of the following statements is/ are correct?

Question # 304

Options:

A.

I II and III


B.

IIand IV


C.

I,III and IV


D.

All statements are true


Expert Solution
Questions # 305:

The approved superannuation fund has to deposit all the contributions received from the employer

Options:

A.

With The Government of India through the Reserve Bank of India


B.

In a savings Bank account with the Reserve Bank of India


C.

In a savings Bank account with a post office or a Scheduled Bank if they are not invested in any of the approved investment specified


D.

None of the above


Expert Solution
Questions # 306:

An increase in the market value of a company indicates:

Options:

A.

Increase in profitability


B.

Increase in revenues


C.

Increase in future prospects


D.

None of the above


Expert Solution
Questions # 307:

Which of the following statement is/are correct?

Question # 307

Options:

A.

Only (i) an correct


B.

Only (ii) are correct


C.

Both


D.

None


Expert Solution
Questions # 308:

Under pure flexible exchange rate regime, ________ is not maintained

Options:

A.

Capital account


B.

Current account


C.

Official reserve account


D.

None of the above


Expert Solution
Questions # 309:

Which of the following statement is/are correct?

Question # 309

Options:

A.

Only (i)


B.

Only (ii)


C.

Both of the above


D.

None of the above


Expert Solution
Questions # 310:

In India, the interest rate of a floating rate security is linked to ___________.

Options:

A.

MIBOR


B.

CIROB


C.

Repo rate


D.

Reverse Repo Rate


Expert Solution
Questions # 311:

Financial intermediaries

Options:

A.

exist because there are substantial information and transaction costs in the economy.


B.

improve the lot of the small saver.


C.

are involved in the process of indirect finance.


D.

Do all of the above.


Expert Solution
Questions # 312:

Total income for assessment year 2007-08 of an individual including long-term capital gain of Rs. 60,000 is Rs. 1,40,000. The tax on total income shall be:

Options:

A.

Rs. 8,800


B.

Rs. 8,160


C.

Rs. 7,000


D.

Rs. 5,000


Expert Solution
Questions # 313:

Which of the following statements are true?

Question # 313

Options:

A.

Statements A & B are true


B.

Statements A & C are true


C.

Statements B & C are wrong


D.

Statements A, B and C are true.


Expert Solution
Questions # 314:

Mr. Sahil has two daughters and is in receipt of education allowance of Rs 200pm for each of them. What would be the taxable allowance in the hands of Mr. Sahil for the full FY.

Options:

A.

NIL


B.

Rs 1200


C.

Rs 2400


D.

Rs 4800


Expert Solution
Questions # 315:

Which one of the following statements is/are correct?

Question # 315

Options:

A.

(i) only


B.

(ii) only


C.

Both are wrong


D.

None of the above


Expert Solution
Questions # 316:

The income of any university or other educational institution existing solely for educational purposes and not for the purposes of profit is exempt under clause (iiiad) of Section 10(23C) if the aggregate annual receipts’ of such univer­sity or educational institution do not exceed.

Options:

A.

Rs.100 crores,


B.

Rs.1 crore,


C.

Rs. 10 crores,


D.

Rs. 10 lakhs


Expert Solution
Questions # 317:

Any income chargeable under the based "Salaries" is exempt from tax under Section 10(6)(viii), if it is received by any non resident individual as remuneration for services rendered in connection with his employment in a foreign ship where his total stay in India does not exceed a period days in that previous year.

Options:

A.

90


B.

182


C.

60


D.

120


Expert Solution
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Viewing questions 301-320 out of questions