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AAFM GLO_CWM_LVL_1 - Chartered Wealth Manager (CWM) Global Examination

Page: 15 / 16
Total 1057 questions

The Bretton Woods system was set up on the theory that

A.

deficits were temporary and could be financed by international assistance.

B.

exchange rates would be used to achieve equilibrium.

C.

the gold standard would ultimately be restored.

D.

balance-of-payments deficits should be related to decreases in a country’s money supply.

In …………………without delivery possession of the mortgaged property, there mortgager binds himself personally to pay the mortgage money

A.

Usufructuary mortgage

B.

Simple mortgage

C.

English mortgage

D.

Anomalous mortgage

Which of following is not an exclusion under a health policy?

A.

Pre existing conditions

B.

Accident injury

C.

Elective surgery

D.

Intentional self inflicted injury

Determinants of real estate value are

A.

Demand

B.

Supply

C.

The property

D.

All of the above

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

A.

Express trust

B.

Resulting trust

C.

Constructive trust

D.

Pre-catory trust

Decision horizon is __________

A.

Length of time between decisions to revise the portfolio

B.

Length of time between decisions to redeem the portfolio

C.

Minimum time interval over which investors can revise the portfolio

D.

None of the above

What is the prudent practice for parking emergency fund for a working young couple?

A.

12 month’s family income

B.

1 month’s family income

C.

2-3 months family income

D.

None of the above

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

Compute the expected return on the investment?

A.

9.10%

B.

8.90%

C.

8.70%

D.

9.30%

Forward contracts are

A.

Standardized

B.

Traded on exchange

C.

Customized

D.

None of the above

The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers

A.

Subrogation

B.

Contribution

C.

Co-insurance

D.

Indemnity

NRIs can purchase KisanVikasPatra

A.

TRUE

B.

FALSE

All stock market indexes are most accurately characterized by which of the following statements about the degree to which they co-vary together?

A.

They are perfectly positively correlated

B.

They are highly positively correlated

C.

They are uncorrelated

D.

They are negatively correlated

The cheapest form of life insurance which provides risk cover in the event of % death of policy holder during policy term is

A.

Endowment Insurance

B.

Money Back Policy

C.

Med claim Policy

D.

Term Insurance policy

The provision of fraudulent transfer is given in-

A.

Section 49 of the Transfer of Property Act, 1882

B.

Section 50 of the Transfer of Property Act, 1882

C.

Section 51 of the Transfer of Property Act, 1882

D.

Section 53 of the Transfer of Property Act, 1882

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

A.

in line with the market

B.

lesser than the market

C.

more than the market

D.

Inverse with the market

An administrator is appointed if there is no nominated:

A.

Executor

B.

Donor of power of Attorney

C.

Testator

D.

Beneficiary

If everyone is forced to pay an extra Rs 1000 in taxes each year, "the" multiplier

A.

Is unchanged and income falls

B.

Becomes smaller and income falls

C.

Becomes larger and income falls

D.

becomes larger and income rises

Which of the following statement is true?

A.

The two key financial intermediaries is to convert money market and capital market

B.

Money market is a market for short-term funds having maturity of one year or less

C.

The capital market consists of new issue markets and the stock exchange

D.

All of the above

All the following statements concerning systematic risk are correct EXCEPT

A.

Only I

B.

Only II

C.

Only III

D.

Only IV

If the deceased has two widows, four sons and two daughters then what is the share of each widow

A.

One seventh of estate

B.

One half of estate

C.

One eighth portion

D.

One fourteenth portion