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

Viewing page 9 out of 16 pages
Viewing questions 161-180 out of questions
Questions # 161:

________ account is maintained by businesses for their daily operations.

Options:

A.

Current


B.

Savings


C.

Fixed Deposit


D.

Recurring Deposit


Expert Solution
Questions # 162:

Which of the following is controlled under monetary policy?

Options:

A.

Interest Rates


B.

Money Supply


C.

Inflation


D.

All of the above


Expert Solution
Questions # 163:

Any amount payable and the amount of refund due under the Income Tax Act,1961

shall be rounded off to the nearest multiple of.......... ?

Options:

A.

Rs. 10


B.

Rs. 1


C.

Rs. 100


D.

No rounded off is done


Expert Solution
Questions # 164:

Tax exemption limit for the lump sum received towards Leave encashment on retirement is at _______________

Options:

A.

Rs. 3.5 lacs


B.

Rs. 3 lacs


C.

Rs. 2.4 lacs


D.

Rs. 2 lacs


Expert Solution
Questions # 165:

Current ratio is

Options:

A.

Current Cash / Current liabilities


B.

Current Assets / Current liabilities


C.

Current Liabilities / Current assets


D.

None of the above


Expert Solution
Questions # 166:

In addition to the contribution employer has to pay ______________% of wages as administration charges.

Options:

A.

0.17%


B.

0.18%


C.

0.10%


D.

None of these


Expert Solution
Questions # 167:

Preparation of budget of a client is like doing _______________ for a patient

Options:

A.

A Lipid Profile


B.

ECG


C.

X-Ray


D.

All of the above


Expert Solution
Questions # 168:

In a Mutual Fund Structure as per the latest guidelines the fund sponsor has to contribute:

Options:

A.

At least 30% of the AMC's net worth at conforms to SEBI guidelines


B.

At least 35% of the AMC's net worth at conforms to SEBI guidelines


C.

At least 40% of the AMC's net worth at conforms to SEBI guidelines


D.

Exactly 50% of the net worth of AMC


Expert Solution
Questions # 169:

A measure of the riskiness of an asset held in isolation is _____________.

Options:

A.

Beta


B.

Standard deviation


C.

Covariance


D.

Semi-variance


Expert Solution
Questions # 170:

Customers with poor credit history due to defaulting payments is ………………

Options:

A.

Sub prime borrower


B.

Prime rate mortgage


C.

Reverse mortgage


D.

Balloon payment mortgage


Expert Solution
Questions # 171:

Some institutions may be used by criminals to transfer and hide illegal wealth. The institutions are often located in countries with well-developed secrecy laws and attractive tax structures.

These institutions are called:

Options:

A.

Offshore banks


B.

Trusts


C.

Shell companies


D.

Front companies


Expert Solution
Questions # 172:

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 # 173:

What is the minimum amount one can deposit in a PPF account in a financial?

Options:

A.

Rs. 400 per annum


B.

Rs. 500 per annum


C.

Rs. 100/-per annum


D.

Rs. 5/-per annum


Expert Solution
Questions # 174:

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 # 175:

X Ltd. has failed to remit the tax deducted at source from annual rent of Rs. 6,60,000 paid to Mr. A for its office building. The said rent is

Options:

A.

fully allowable as a business expenditure


B.

not allowable in view of Section 40(a)(I)


C.

allowable to the extent of 50%;


D.

none of the above


Expert Solution
Questions # 176:

Mutual funds in India are required by SEBI to

Options:

A.

prohibit their employees from personal trading in secondary markets


B.

allow all employees to trade freely in secondary markets without restrictions


C.

establish a code of conduct and allow employees to do personal trading that conforms to SEBI guidelines


D.

allow employees to carry on personal trading as long as they abide by SEBI regulations


Expert Solution
Questions # 177:

A mortgage where the mortgagor delivers possession and binds himself to deliver possession of the mortgaged property to the mortgagee is called?

Options:

A.

English Mortgage


B.

Reverse Mortgage


C.

Usufructuary Mortgage


D.

Mortgage by conditional sale


Expert Solution
Questions # 178:

Beta less than lies an indication that the security would move __________.

Options:

A.

in line with the market


B.

lesser than the market


C.

more than the market


D.

Inverse with the market


Expert Solution
Questions # 179:

Saurabh Gulati was thinking of acquiring some shares of AB ltd. The expected rate of return is as follows:

Question # 179

Compute the expected return on the investment?

Options:

A.

9.10%


B.

8.90%


C.

8.70%


D.

9.30%


Expert Solution
Questions # 180:

Which of the following determines the exchange rate?

Options:

A.

Demand of foreign exchange.


B.

Supply of foreign exchange.


C.

Both A&B


D.

Inflation rate.


Expert Solution
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Viewing questions 161-180 out of questions