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AAFM GLO_CWM_LVL_1 - Chartered Wealth Manager (CWM) Global Examination

Page: 9 / 16
Total 1057 questions

According to the capital asset pricing model, fairly priced securities have __________.

A.

Negative betas

B.

Positive alphas

C.

Positive betas

D.

Zero alphas

If any person has escaped assessment for any assessment year in respect of wealth tax no action shall be taken after the expiry of………

A.

One year

B.

Two years

C.

Three Years

D.

Four Years

The capital budget’s components are of a...................

A.

Short term nature

B.

Long term nature

C.

Fixed term nature

D.

None of the above

EBT stands for

A.

Electronic belated transfer

B.

Electronic beginners transfer

C.

Electronic benefit transfer

D.

Electronic beginning transfer

In case of self occupied property, higher deduction u/s24(b) for interest on loan for construction can be claimed if borrowing was made

A.

After 1/4/99

B.

on or after 1/4/99

C.

Before 1/4/99

D.

On or after 1/9/2004

The premium on all other riders put together should not exceed _____ of the premium on the base policy

A.

10%

B.

20%

C.

30%

D.

50%

Financial Independence usually occurs between _______

A.

40-55

B.

55-70

C.

70-85

D.

None of the above

Handing over Warehouse Receipt is an example of ________.

A.

Constructive Delivery

B.

Actual delivery

C.

Intangible delivery

D.

None of the above

In case of yearly, half yearly or quarterly premium payments …………… days of grace.

A.

10 Days

B.

15 Days

C.

20 Days

D.

30 Days

A document proposing to be a will which deliberately executed with all due formalities required for a valid will is called:

A.

Holograph will

B.

Sham will

C.

Duplicate will

D.

Concurrent will

A type of trust in which assets are passed down to the grantors grandchildren not the grantors children

A.

Private. trust

B.

Discretionary trust

C.

Dynasty trust

D.

Express trust

Which of the following are non-fund faced facilities?

A.

Financial Planning

B.

Executor & Trustee

C.

Locker

D.

All of the above

If there is an expectation of large decline in interest rates, which of the following investments should you choose?

A.

Low-coupon short term bond

B.

High coupon short term bond

C.

Long term zero coupon bond

D.

Short term zero coupon bond

If the proposer does not disclose fully all the material facts at the time of Proposal the principle violated

A.

Caveat emptor

B.

Insurable interest

C.

Utmost good faith

D.

Sharing of risk

Which of the following statement is not true?

A.

While the primary market deals in new securities, the stock market is a market for old securities

B.

The price of new issues are influenced, to a market extent, by the price movements in the stock market

C.

Organization, underwriting and distribution are three services provided by the new issue market.

D.

None of the above

“Income rule” in Insurance advocates

A.

Cover of at least 8 - 10 times of one’s gross annual income

B.

Cover of at least 5- 6 times of one’s gross annual income

C.

Cover of at least 4-5 times of one’s gross annual income

D.

Cover of at least 10 - 12 times of one’s gross annual income

High powered money refers to.................

A.

Currency with public.

B.

Bankers deposits with RBI

C.

Cash with banks

D.

All of the above

What is the most essential characteristic to be in existence at the stage of establishing client relationship?

A.

Collection of personal details

B.

Establishing trust and confidence

C.

Data gathering from the client

D.

Providing the client with an healthy atmosphere

Comprehensive Wealth Management addresses

A.

Life Planning

B.

Investment Planning

C.

Estate Planning

D.

All of the above

The role of a wealth manager can be best defined as which of the following?

A.

Make informed decision to the clients

B.

Develop a sound financial plan

C.

Review the financial plan

D.

All of the above