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

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Viewing questions 61-80 out of questions
Questions # 61:

A Post Office Recurring Deposit account can be prematurely closed after _______ years and ________ interest would be payable on prematurely closed account.

Options:

A.

4 Years, Post Office Time Deposit


B.

3 Years, Post Office Savings Account


C.

1 Year, Post Office Recurring Deposit


D.

1 Year, Post Office Savings Account


Expert Solution
Questions # 62:

Dharampal has let out his house property at monthly rate of Rs. 12000. He has paid Rs.3500 as annual municipal tax. He wants to know the Net Annual value of his house at Bhuj for AY 2011-12. The Municipal value of the house is Rs. 90,000, Fair rent Rs. 1,40,000, Standard rent Rs. 1,20,000. The house was vacant for one month during the previous year 2010-11 and the rent has not changed since then.

Options:

A.

Rs. 1,40,500


B.

Rs. 1,36,500


C.

Rs. 1,28,500


D.

Rs. 1,32,000


Expert Solution
Questions # 63:

Mr. Subhash Bansal, a marketing manager is employed with IMFB limited. He took an advance of Rs. 1,20,000 against the salary of Rs. 30,000 per month in the month of March 2007. The gross salary of Mr. Adhikari for the assessment year 2007-08 shall be:

Options:

A.

Rs. 3,60,000


B.

Rs. 4,80,000


C.

Rs. 2,40,000


D.

Rs. 3,80,000


Expert Solution
Questions # 64:

Rajiv buys a growth oriented non dividend paying share for Rs. 200 and 4 years later sells it for Rs. 350. The CAGR is____

Options:

A.

10.30%


B.

18.80%


C.

75%


D.

15%


Expert Solution
Questions # 65:

Which of the following is/are the basic classification of financial risk?

Options:

A.

Speculative & Pure Risk


B.

Pure and Personnel Risk


C.

Static and Dynamic Risk


D.

All of the above


Expert Solution
Questions # 66:

Which of the following is not true for Index Funds ?

Options:

A.

These funds invests in the shares that constitute a specific index


B.

The investment in shares is in the same proportion as in the index


C.

These funds take only the overall market risk


D.

These funds are not diversified


Expert Solution
Questions # 67:

“Contango” is

Options:

A.

Forward price is lower than expected future spot price


B.

Forward price is higher than expected future spot price


C.

Forward price is at the same price level as that of expected future spot price


D.

None of the above


Expert Solution
Questions # 68:

Mathematically the Efficient Frontier is the intersection of the Set of Portfolios with ....…. Variance and the Set of Portfolios with ……. Return.

Options:

A.

Maximum, minimum


B.

Minimum, maximum


C.

Minimum, minimum


D.

None of the above


Expert Solution
Questions # 69:

X, a shopkeeper says to Y, who manages his business – “Sell nothing to Z unless he pays you ready money, for I have no opinion of his honesty”. Can Z claim against X for defamation?

Options:

A.

Yes, he can


B.

No, if the statement has been said in the good faith


C.

No, because it has not been published


D.

None of the above


Expert Solution
Questions # 70:

Any property inherited by a female Hindu from her husband or from her father in law, in the absence of any son or daughter of the deceased shall go to…..

Options:

A.

Heir of mother


B.

Heir of father


C.

Heir of Husband


D.

Heir of Sister


Expert Solution
Questions # 71:

For calculating the benefit under Entertainment allowance, salary means,

Options:

A.

Basic Salary


B.

Basic Salary + DA


C.

Basic Salary + DA + commission


D.

Basic Salary + DA + commission + Bonus


Expert Solution
Questions # 72:

Long term interest rate is equal to .......

Options:

A.

Real rate of interest + expected average inflation rate.


B.

Annual return + expected inflation rate.


C.

Average Returns + expected inflation rate.


D.

None of the above


Expert Solution
Questions # 73:

…………… mortgage is an extremely good resource for retirement planning.

Options:

A.

Simple mortgage


B.

Equitable


C.

Balloon


D.

Reverse mortgage


Expert Solution
Questions # 74:

For a “single income family” priority is on

Options:

A.

Protecting income via a term plan


B.

Investing in commodities to grow wealth


C.

Investing in Mutual Funds to grow wealth


D.

None of the above


Expert Solution
Questions # 75:

Urban land means land situated in area not being more than ………………from local list of local authority as notification in official Gazette

Options:

A.

5 km


B.

8 km


C.

10 km


D.

20 km


Expert Solution
Questions # 76:

Which of the following statement is true?

Options:

A.

Ordinary share capital is a high-risk high reward source of finance for investors


B.

Companies can freely price their share issues.


C.

Book building is a process to elicit demand for and price of, securities


D.

All of the above


Expert Solution
Questions # 77:

Under a post office recurring deposit account, loan up to ______ of the deposit may be taken after __________ year and before maturity.

Options:

A.

Full, 2


B.

Half, 1


C.

Full, 3


D.

Half. 3


Expert Solution
Questions # 78:

Which of the following is a type of Demand Deposit?

Options:

A.

Fixed Deposit


B.

Savings Account


C.

Recurring Deposit


D.

FCNR account


Expert Solution
Questions # 79:

No society shall be dissolved unless …………………of the member shall have expressed a will for dissolution by their other

Options:

A.

One fifth


B.

Two fifth


C.

Three fifth


D.

All the members


Expert Solution
Questions # 80:

For higher per capita GDP........

Options:

A.

GDP must grow at a faster rate than population


B.

GDP must grow at a slower rate than population


C.

GDP has no direct effect


D.

None of the above


Expert Solution
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