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

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Viewing questions 81-100 out of questions
Questions # 81:

The subscription paid into PPF account enjoys the tax benefit under

Options:

A.

Sec 80D


B.

Sec 10


C.

Sec 80C


D.

Sec 80G


Expert Solution
Questions # 82:

Expenditure incurred in carrying out illegal business is—

Options:

A.

Not allowed as deduction in any case.


B.

Allowable as deduction, if gross total income is less than Rs. 5 lakhs.


C.

Allowable as deduction in all cases.


D.

Allowable as deduction, if income from illegal business is offered to tax.


Expert Solution
Questions # 83:

SRO stands for

Options:

A.

Supervisor Range Operations


B.

Statutory Regulation Offer


C.

Self Regulatory Organization


D.

Service Request Order


Expert Solution
Questions # 84:

Bond price is inversely related to yields

Options:

A.

TRUE


B.

FALSE


Expert Solution
Questions # 85:

…………………. Is implied in favor of the party creating it

Options:

A.

Express trust


B.

Resulting trust


C.

Constructive trust


D.

Pre-catory trust


Expert Solution
Questions # 86:

“Accumulation” is the age between ________

Options:

A.

0-25


B.

25-55


C.

55-75


D.

75 or above


Expert Solution
Questions # 87:

The effect of money laundering on the financial system is to:

Options:

A.

create an opportunity for banks to increase profits


B.

undermine credibility and expand control by criminals


C.

improve and enhance money flows by bringing cash into the system


Expert Solution
Questions # 88:

A person is said to be Cognate of another if the two of them are related by blood or adoption entirely or wholly through males.

Options:

A.

TRUE


B.

FALSE


Expert Solution
Questions # 89:

The markets for funds traded in currencies other than the currency of the trading country are referred to as

Options:

A.

off-shore banking centres.


B.

international financial centres.


C.

the world market.


D.

Eurocurrency markets.


Expert Solution
Questions # 90:

A muslim gentleman can leave his will, bequeathing all his properties to someone often than his legal heirs to the extent of…………….

Options:

A.

His wish


B.

A small portion


C.

One third


D.

One half


Expert Solution
Questions # 91:

A bank normally does not have to deal with an issue related to

Options:

A.

Payments and settlement system


B.

Contractual rights of creditors


C.

Intellectual property rights


D.

Case of insolvency


Expert Solution
Questions # 92:

Which of the following Mutual Funds was not set up within the Phase 2: 1987-1993 ?

Options:

A.

Canbank Mutual Fund


B.

Kothari Pioneer Mutual Fund


C.

SBI Mutual Fund


D.

LIC Mutual Fund


Expert Solution
Questions # 93:

When Government adjusts its economic policy through the Central Budget, it is exercising_________

Options:

A.

Fiscal policy


B.

Exchange rate policy


C.

Monetary policy


D.

Income policy


Expert Solution
Questions # 94:

In case where amount of wealth tax exceeds one hundred thousand rupees rigorous imprison-ment for a term not be less than …………

Options:

A.

One month which may extend to one year


B.

Only fine


C.

Six months which may extend to 7 years


D.

On year to 10 years


Expert Solution
Questions # 95:

Investments that are difficult to convert to cash are said to have _________

Options:

A.

High Liquidity


B.

Low Liquidity


C.

High standard deviation


D.

Low standard deviation


Expert Solution
Questions # 96:

Which of the following is not the non- formal sources of law?

Options:

A.

Custom


B.

Equity


C.

Precedents


D.

Standards of Justice


Expert Solution
Questions # 97:

A bond can be issued at premium if

Options:

A.

Coupon rate > Required returns


B.

Coupon rate < Required returns


C.

Coupon rate = Required returns


D.

None


Expert Solution
Questions # 98:

Jensen measure of a portfolio reflects

Options:

A.

Excess return over market portfolio


B.

Excess return over fair return as per CAPM


C.

Excess return over fair return as per APT


D.

Excess return over risk free return


Expert Solution
Questions # 99:

Which of the following is not a key issue in retirement planning?

Options:

A.

Normal Retirement


B.

Early Retirement and Delayed Retirement


C.

Taxation on Retirement benefit


D.

Last drawn salary


Expert Solution
Questions # 100:

Which of the following statements is/are false?

Question # 100

Options:

A.

Only II


B.

I andIV


C.

Only III


D.

None of the above


Expert Solution
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