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AAFM GLO_CWM_LVL_1 - Chartered Wealth Manager (CWM) Global Examination

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Total 1057 questions

The demand for insurance tends to be inelastic because of

A.

Statutory requirements

B.

Financial prudence

C.

Business transaction requirements

D.

All of the above.

The Society Registration Act of 1860 come into effect on

A.

21st June 1960

B.

21st May 1860

C.

23rd May 1860

D.

19th May 1860

Who would get the first preference when the property of a deceased person is to be distributed

A.

Government

B.

Charitable societies

C.

Agnates

D.

Cognates

An inverted yield curve implies that:

A.

Long-term interest rates are lower than short-term interest rates.

B.

Long-term interest rates are higher than short-term interest rates.

C.

Long-term interest rates are same as short-term interest rates.

D.

Intermediate term interest rates are higher than either short-or long-term interest rates.

International Development Association is an agency of _____

A.

IMF

B.

World Bank Group

C.

United Nations

D.

None of the above

Benefit of investing in a share is /are

A.

Earning a dividend

B.

Capital appreciation

C.

Getting bonus shares

D.

All of the above

An HUF consisted of a father who is a widower his three sons and a daughter upon death of the father, what will be the share of his daughter?

A.

One fourth of HUF property

B.

One half of HUF property

C.

No share in HUF property

D.

One sixteenth share in HUF property

Which of the following is the third stage of the economic integration?

A.

Free Trade Areas

B.

Common Markets

C.

Custom Union

D.

Economic and Monetary Union

A company is eligible to issue Commercial Paper when its tangible net worth is not less than:

A.

3.75 Crores

B.

4.5 Crores

C.

4 Crores

D.

3 Crores

In case of an individual and HUF cash in hand in excess of …………… shall be included in assets

A.

Rs. 5000

B.

Rs. 10000

C.

Rs. 25000

D.

Rs. 50000

Which of the following statement (s) is/are true about the rate risk?

A.

Interest risk is the uncertainty associated with changes in interest rates, the possibility of loss resulting from increases in interest rates.

B.

Interest risk refers to the tendency of security prices, especially fixed income securities, to move inversely with changes in the rate of interest.

C.

Only option A

D.

Option A & B both

Dividend received by a shareholder from an Indian company the whole of whose income is agricultural income shall be treated as:

A.

agricultural income in the hands of shareholder and thus exempt

B.

agricultural income and thus exempt but it will be subject to partial integration

C.

exempt under section 10(34) but taxable in the hands of the company

D.

income taxable under the head income from other sources

In case of public company memo must be signed by atleast ….… persons.

A.

One

B.

Two

C.

Seven

D.

Ten

ln which of the following conditions the lease can be terminated

A.

Efflux of time

B.

On termination of less0r’s interest or power

C.

On merger

D.

All the above

What is the interest rate corresponding to a discount rate of 10%?

A.

11.11%

B.

9.09%

C.

11.15%

D.

9.15%

Share reflects a contribution in ownership of the company

A.

TRUE

B.

FALSE

A retirement planner must have detailed information about the client’s current and future assets and liabilities. Which of the following is of least importance in developing a retirement plan?

A.

A court order requiring the client to pay child support for next 15 years

B.

Book value of the client’s closely held corporation as determined one year ago

C.

An outstanding judgment from a law suit against the client

D.

A large outstanding income tax liability of the client

Which of the following is / are demand liabilities?

A.

Cash Certificates

B.

Gold deposits

C.

Current deposits

D.

All of the above

How many members are required to form a society?

A.

One single person

B.

Two or more

C.

Five or more persons

D.

Seven or more

The CAPM is a model that:

A.

Determines the geometric return of a security.

B.

Determines time-weighted return

C.

Explain return in terms of risk.

D.

Explains systematic risk