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AAFM GLO_CWM_LVL_1 - Chartered Wealth Manager (CWM) Global Examination

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Page: 10 / 16
Total 1057 questions

Which of the following statements are correct?

A.

Only I

B.

Only II

C.

Both I and II

D.

None of them

Under _________ working capital limits are determined based on financial projections.

A.

Cash credit

B.

Overdraft

C.

Bill Purchase

D.

Bill Discount

Wealth Erosion can happen due to _______

A.

Reduction in value of currency

B.

Fall in interest rates

C.

Inadequate insurance cover

D.

All of the above

Which annuity provides for regular payments, which stop on the first death among of the covered lives?

A.

Joint life last survivor annuity

B.

Annuity certain

C.

Single life annuity

D.

None of these

Deduction under section 80RRB is allowed to the extent of:

A.

50% of royalty or Rs. 3,00,000 whichever is less

B.

100% of royalty or Rs. 3,00,000 whichever is less

C.

100% of royalty or Rs. 2,00,000 whichever is less

D.

100% royalty or Rs. 5,00,000 whichever is less

Speculators

A.

Bet on future movements of price of asset

B.

Try to reduce/ eliminate an existing risk

C.

Take advantage of price differential between two markets

D.

None of the above

A will that is not valid in India except in the case of privileged wills or in the case of Mahomedans

A.

Nuncupative Will

B.

Contingent Will

C.

Holograph Will

D.

Concurrent Will

The credit balance in Non resident (external) account is exempt from wealth tax provided depositor is a person

A.

Resident in India

B.

Resident outside India

C.

Resident put not ordinarily resident in India

D.

None of the above

What is ‘Gharar’

A.

Ownership of goods

B.

Speculative transactions

C.

Consumer Needs

D.

Islamic banking

If there is a loss under the head Income from House property, can it be adjusted against other income under any other Head?

A.

Yes

B.

No

C.

It can be adjusted only against income from salary

D.

It can be adjusted from agricultural income

While granting a bank license, RBI considers all of the following, except ________."

A.

Ability to pay depositors

B.

Price of equity share of company

C.

Character of proposed management

D.

Whether public interest will be served by grant of license to the company

For claiming exemption u/s 54G, the assessed shall acquire the new asset within:

A.

2 years from the date of transfer

B.

3 years from the date of transfer

C.

one year before or 2 years after the date of transfer

D.

one year before or 3 years from the date of transfer

Portfolio A had a return of 12% in the previous year, while the market had an average return of 10%. The standard deviation of the portfolio was calculated to be 20%, while the standard deviation of the market was 15% over the same time period. If the correlation between the portfolio and the market is 0.8, what is the Beta of the portfolio A?

A.

0.94

B.

1.07

C.

1.31

D.

1.91

Which of the following are investment intermediaries?

A.

Finance companies

B.

Mutual funds

C.

Pension funds

D.

Only (A) and (B) of the above

Probability of default is higher in

A.

Defined contribution plan

B.

Defined benefit plan

C.

Both of the above

D.

None of the above

Investment in NRO may be made through _________.

A.

Remittance from abroad

B.

Transfer from NRE

C.

Either of the above

D.

None of the above

Broker dealer model is more prevalent in

A.

North America

B.

Middle East

C.

Latin America

D.

Europe

Major phases of budgeting process are:

A.

Assessing Current situation and recommendation of products

B.

Recommendation of products and Planning Financial direction

C.

Assessing current situation and planning financial direction

D.

None of the above

Which of the following is a reasonable assumption to make about the understanding of a client on the Wealth planning Process?

A.

Client would have identified a desirable asset allocation

B.

Client would have some prior understanding of the assumptions on which the wealth plan is made

C.

Client would understand the financial products being recommended

D.

Client would be able to identify his financial goals

Vinod opened the PPF account on 19/11/2000, Calculate the amount he can avail as the first loan facility from the details below?

A.

Rs 17967

B.

Rs 18103

C.

Rs 19800

D.

Rs 17500