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AAFM GLO_CWM_LVL_1 - Chartered Wealth Manager (CWM) Global Examination

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Page: 14 / 16
Total 1057 questions

If a female dies without leaving any issue them property inherited from her father or mother the property will devolve upon

A.

Heirs of her father

B.

Heirs of her mother

C.

Heirs of her husband

D.

Heirs of her father in law

Which of the following is not correct in relation to ETFs?

A.

ETFs provide exposure to an Index or a basket of securities that trade on the exchange like a single stock

B.

ETFs can be bought and sold on the exchange at prices that are usually closer to the actual intra –day NAV of the scheme

C.

ETFs trade very close to their actual NAVs

D.

Intra Day trading of ETFs is very expensive

Sponsor of a Mutual Fund is like a promoter of a company

A.

TRUE

B.

FALSE

Rapid accumulation stage suggests that the net worth is ________

A.

1 times of annual income

B.

2 times of annual income

C.

3 times of annual income

D.

4 times of annual income

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

A.

Full, 2

B.

Half, 1

C.

Full, 3

D.

Half. 3

Bond price is inversely related to yields

A.

TRUE

B.

FALSE

What is Market Risk Premium?

A.

It is premium available in the market.

B.

It is the market risk measured by premium paid

C.

It is the difference between the average return on the portfolio and average risk free rate.

D.

Any of these

The presence of _____ in financial markets leads to adverse selection and moral hazard problems that interfere with the efficient functioning of financial markets.

A.

non-collateralized risk

B.

free-riding

C.

asymmetric information

D.

costly state verification

__________ represent a claim to currency held by IMF member countries

A.

BAFTA

B.

NAFTA

C.

SDR

D.

None of the above

What is a valuation date?

A.

The date on which the assessing officer assess the wealth tax

B.

31st March

C.

1st April

D.

1st January

According to the dividend-growth model, the valuation of common stock depends on

A.

I and II

B.

I and III

C.

II and III

D.

All of the above

Retiring early will need

A.

Normal saving as planned earlier

B.

Accelerated savings to get the goal

C.

Delayed savings

D.

All of the above

Transfer of shares in the partnership firm is

A.

Restricted

B.

Freely transferable

C.

Prohibited

D.

None of these

Under Car loan overdraft scheme, borrower will not be eligible for:

A.

Cheque book

B.

ATM cum debit card

C.

Credit card

D.

Internet banking facility

Difference between coparceners & member is that coparcener can demand partition of an HUF

A.

TRUE

B.

FALSE

Often burdened with loan and generally both of the spouses work to earn their living. Under which category this type of family falls?

A.

Mature family

B.

Young family

C.

Empty Nesters

D.

None of the above

Rate of interest in post office MIS is

A.

6.50%

B.

7.50%

C.

8.50%

D.

9.50%

Possession of the mortgaged property is not delivered to the mortgage in ……………

A.

Equitable mortgage

B.

Balloon mortgage

C.

Simple mortgage

D.

None of the above

Modern “Asset Allocation” is based upon the model developed by Harry Markowitz. Which of the following statement is/are correctly identified with this Model?

A.

I & II only

B.

I, II & III only

C.

I only

D.

I, II & IV only

NAFTA stands for

A.

North American Foreign Trade Association

B.

North American Free Trade Area

C.

North American Free Trade Agreement

D.

None of the above