Halloween Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: xmas50

AAFM GLO_CWM_LVL_1 - Chartered Wealth Manager (CWM) Global Examination

AAFM GLO_CWM_LVL_1 Premium Access     Download Demo    
Page: 7 / 16
Total 1057 questions

Defined contribution plans put investment and performance risk on

A.

Employee

B.

Employer

C.

Employee and employer both

D.

Government

Basic Idea of retirement benefit plan is

A.

To meet lump sum needs immediately at retirement

B.

Provide regular income during retirement plan

C.

Take care of inflation

D.

All of the above

The June 1999 Basle Committee on Banking Supervision issued proposals for reform of its 1988 Capital Accord (the Basle II Proposals). These proposals contained mainly in:

A.

I,III and VI

B.

II, IV and V

C.

I,IV and V

D.

II, III and VI

The possibility that a person’s house will be destroyed due to a natural disaster is an example of ?

A.

I only

B.

I and II only

C.

III and IV only

D.

II and IV only

Sameer owns the following portfolio.

What is Portfolio Beta?

A.

0.1875

B.

0.93

C.

0.8795

D.

0.9975

Commutation of pension up to a limit of _______________ is tax exempt in case the gratuity is also received

A.

¼ of the pension

B.

1/3 of the pension

C.

½ of the pension

D.

¾ of the pension

Which of the following Mutual Funds was not set up within the Phase 2: 1987-1993 ?

A.

Canbank Mutual Fund

B.

Kothari Pioneer Mutual Fund

C.

SBI Mutual Fund

D.

LIC Mutual Fund

A portfolio consists of 50% of investment ‘R’ that earned 10%, 25% of investment ‘S’ that earned 6% and 25% of investment ‘T’ that earned 9%. Compute the weighted average return?

A.

8.75%

B.

8.50%

C.

9%

D.

8.25%

Income from which trust is added to the beneficiary’s taxable income?

A.

Private trust

B.

Charitable

C.

Religious

D.

None of the above

Which of the following is false with respect to internal rate of return?

A.

The internal rate of return (IRR) is a capital budgeting method used by firms to decide whether they should make long-term investments.

B.

The IRR is the annualized effective compounded return rate which can be earned on the invested capital, i.e. the yield on the investment.

C.

IRR is defined as any discount rate that results in a positive net present value (present value of cash flows- initial investment) of zero of a series of cash flows.

D.

In general, if the IRR is greater than the project’s cost of capital or hurdle rate, the project will not be accepted at any cost.

As per Hindu succession Act

A.

Full blood relations are preferred over half blood relations

B.

Cognate heirs are preferred over agnate heirs

C.

Both of the above are correct

D.

None of the above are correct

Arun started a 20-year term insurance policy. Once established, when, if at all, is the insurer next entitled to ask him for proof of continuing good health?

A.

At no point

B.

After the end of the first 12 months

C.

At the point when he changes occupation or retires

D.

When a lapsed policy is revived

Whom should an individual apply intending to be appointed as director of a company?

A.

Registrar of companies

B.

Company law board

C.

Central government

D.

Board of directors of company

Processing dividend payout in Mutual Funds is role of

A.

Sponsor

B.

Trustee

C.

AMC

D.

Registrar & Transfer Agent

Maximum no .of members in case of public company is

A.

0

B.

unlimited

C.

50

D.

100

The Basel Committee has defined gross income as net interest income and plus net non-interest income and has allowed each relevant national supervisor to define gross income in accordance with the prevailing accounting practices. Accordingly the Reserve Bank of India in the draft guidelines issued on 11.03.2005 for implementation of the new capital adequacy framework has modified the Gross Income definition slightly. The Net Interest Income has been replaced by

A.

Net Profit

B.

Operating Profit

C.

No Changes made

D.

Interest Expended

According to the Gordon model, the discount rate used by the investors exhibits what type of relationship with the retention rate?

A.

A directly proportional

B.

An inversely proportional

C.

No relationship at all

D.

Option A & B both

What do you mean by ‘Mortgage’?

A.

To Sell

B.

To pledge

C.

Type of installment credit

D.

None of the above

The act of contravening the object clause is called as:

A.

Intra vires act.

B.

Ultra vires act.

C.

Void act.

D.

Actusreus.

Liquid assets comprise

A.

Certificate of Deposits

B.

Money Market Mutual Funds

C.

Funds in savings account

D.

All of the above