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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 government regulates financial markets for three main reasons:

Options:

A.

to ensure soundness of the financial system, to improve control of monetary policy, and to increase the information available to investors.


B.

to improve control of monetary policy, to ensure that financial intermediaries earn a normal rate of return, and to increase the information available to investors.


C.

to ensure that financial intermediaries do not earn more than the normal rate of return, to ensure soundness of the financial system, and to improve control of monetary policy.


D.

to ensure soundness of financial intermediaries, to increase the information available to investors, and to prevent financial intermediaries from earning less than the normal rate of return.


Expert Solution
Questions # 82:

Which of the following statement is/are correct?

Question # 82

Options:

A.

(i) only


B.

(ii) only


C.

Both (i) & (ii) are correct


D.

Both (i) & (ii) are incorrect


Expert Solution
Questions # 83:

A 12 year annual annuity of Rs. 10000 will begin 8 years hence (the first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 percent?

Options:

A.

Rs. 22898.12


B.

Rs. 22620.63


C.

C.Rs. 23456.78


D.

D.Rs. 22124.95


Expert Solution
Questions # 84:

Overseas Medical Policy (OMP) covers medical expenses and repatriation expenses upto a maximum of _________ while under Overseas Travel Insurance the same is a maximum of __________.

Options:

A.

US$- 2,00,000 & US$- 5,00,000


B.

US$- 1,00,000 & US$-5,00,000


C.

US$- 1,00,000 & US$- 2,00,000


D.

US$- 1,00,000 & US$- 3,00,000


Expert Solution
Questions # 85:

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 # 86:

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 # 87:

A hired a bicycle from B. The written contract contained a clause which read “Nothing in this agreement shall render the owner liable for any personal injuries to the rider of the machine hired”. Owing to a defect in the brakes of the cycle, A met with an accident and got injured. Can A recover Damages?

Options:

A.

No, since a disclaimer by the owner has already been intimated


B.

Yes, because he is under the duty to take care of the bicycle


C.

No, because it is the rider who has to take care of the brakes


D.

Any of the above


Expert Solution
Questions # 88:

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 # 89:

Ramesh living in Kolkata is a trustee for Brijesh living in Mumbai, Ramesh remits trust funds to Brijesh by bills drawn by a person of high creditworthiness in favor of the trustee as such and payable at Mumbai. The bills later got dishonored. Is Ramesh bound to make good the loss?

Options:

A.

Yes


B.

No


Expert Solution
Questions # 90:

Calculate the premium for a policy of Rs. 10 lacs, if on an average out of 50000 persons aged 39,572 people die every year

Options:

A.

1144


B.

11440


C.

1100


D.

1330


Expert Solution
Questions # 91:

Which of the following statements is/are not true?

Question # 91

Options:

A.

Only (I) above


B.

Only (II) above


C.

Both (I) and (III) above


D.

Both (II) and (IV) above.


Expert Solution
Questions # 92:

The basic principles of Islamic Finance are…..

Options:

A.

Interest, either for the borrower or the lender, is forbidden.


B.

The lender shares in the profits and the losses made by any enterprise it lends money to


C.

Excessive uncertainty, risk and speculation are forbidden


D.

All of the above


Expert Solution
Questions # 93:

Under a Personal Accident policy Mr. Ajay has taken, what percentage of sum assured he can get if he losses his one eye and one limb in an accident and under which type of benefit?

Options:

A.

100% in PTD


B.

50% in PPD


C.

100% in TTD


D.

50% in PPD


Expert Solution
Questions # 94:

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 # 95:

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 # 95

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 # 96:

Mr. L Singh used machinery in his business. This is the only asset in the block. 20% of the usage is for personal purposes. The WDV of the block as on 31.3.2011 is —

Options:

A.

Rs. 2,70,000;


B.

Rs. 2,55,000;


C.

Rs. 2,10,000;


D.

None of the above.


Expert Solution
Questions # 97:

You are given the following set of data on security ABC:

Question # 97

Calculate the expected return on security ABC?

Options:

A.

0.12


B.

0.15


C.

0.13


D.

0.14


Expert Solution
Questions # 98:

Which one of the following statements is/are correct?

Question # 98

Options:

A.

(i) only


B.

(ii) only


C.

Both are correct


D.

Both are incorrect


Expert Solution
Questions # 99:

You bought a stock for Rs. 28.29 that paid the following dividends

Question # 99

After the third year, you sold the stock for Rs. 35. What was the annual rate of return?

Options:

A.

14%


B.

13%


C.

12%


D.

11%


Expert Solution
Questions # 100:

The Portfolio consists of two securities, X and Y in the ratio of 70:30. Given that

Question # 100

What is the portfolio risk?

Options:

A.

13.77%


B.

8.04%


C.

Nil


D.

25%


Expert Solution
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Viewing questions 81-100 out of questions