[Nov 30, 2021] GLO_CWM_LVL_1 Dumps Full Questions - Exam Study Guide
Chartered Wealth Manager Free Certification Exam Material from TopExamCollection with 1027 Questions
AAFM GLO_CWM_LVL_1 Exam Syllabus Topics:
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NEW QUESTION 539
Mr. Pramod Jain (age 40 years) has life interest in a Trust property. The annual income from Trust property for last three years is as under:
The Trust has spent Rs. 5,000/- per year for collection of the income. The value of life interest of Re 1/- at the age of 40 is Rs. 10.093/-. The value of the property on the valuation date is Rs. 5 lakh. Find the value of life interest.
- A. Rs. 5 lakh
- B. Rs. 3.27 lakh
- C. Rs. 3 lakh
- D. Rs. 3.84 lakh
Answer: D
NEW QUESTION 540
Which of the following is not correct in relation to ETFs?
- A. ETFs trade very close to their actual NAVs
- B. ETFs provide exposure to an Index or a basket of securities that trade on the exchange like a single stock
- C. ETFs can be bought and sold on the exchange at prices that are usually closer to the actual intra -day NAV of the scheme
- D. Intra Day trading of ETFs is very expensive
Answer: D
NEW QUESTION 541
Which of the following statement is true?
- A. Statement II is true.
- B. Statement III is true.
- C. Statement III is wrong.
- D. Statement I is true.
Answer: B
NEW QUESTION 542
Investment classified under Held to Maturity category need not be _________.
- A. recorded
- B. marked to market
- C. traded
- D. accounted for
Answer: B
NEW QUESTION 543
Financial intermediaries
- A. Do all of the above.
- B. are involved in the process of indirect finance.
- C. improve the lot of the small saver.
- D. exist because there are substantial information and transaction costs in the economy.
Answer: A
NEW QUESTION 544
You buy a new computer for your business costing approximately Rs. 5,000. You expect a salvage value of Rs. 1000 selling parts when you dispose of it. Your business has upgraded its hardware every four years, so you think this is a more realistic estimate of useful life, since you are apt to dispose of the computer at that time. Calculate the amount of depreciation using straight line method?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 545
Under a post office recurring deposit account, loan up to ______ of the deposit may be taken after __________ year and before maturity.
- A. Full, 3
- B. Full, 2
- C. Half. 3
- D. Half, 1
Answer: D
NEW QUESTION 546
What is 'Ijarah'?
- A. Sale
- B. Profit sharing
- C. Letting a lease
- D. Islamic Loan Transactions
Answer: C
NEW QUESTION 547
An important financial institution that assists in the initial sale of securities in the primary market is the
- A. commercial bank.
- B. brokerage house.
- C. stock exchange.
- D. investment bank.
Answer: D
NEW QUESTION 548
Which of the following statement is true?
- A. Statements I & II both are true
- B. Statement II is true but A is false
- C. Statements I & II both are wrong
- D. Statement I is true but II is false
Answer: D
NEW QUESTION 549
Which portion of his property can a muslim normally be guest according to muslim personal law?
- A. One Fourth
- B. One Third
- C. Half
- D. Fully
Answer: B
NEW QUESTION 550
Narrow Banking refers to
- A. Banking activity in which Banks generally accept deposits and invest in short term & risk free assets.
- B. In this Bank operate in a narrow operational area
- C. Banking activity in which Banks do all type of financial activities viz. long term financing, insurance business apart from general Banking
- D. Banking activity in which Banks invest their funds in high risk securities in order to earn more profit.
Answer: A
NEW QUESTION 551
The premium on all other riders put together should not exceed _____ of the premium on the base policy
- A. 20%
- B. 30%
- C. 50%
- D. 10%
Answer: B
NEW QUESTION 552
NAFTA stands for
- A. None of the above
- B. North American Foreign Trade Association
- C. North American Free Trade Agreement
- D. North American Free Trade Area
Answer: C
NEW QUESTION 553
How much amount should be invested by Mr. Batra today to get a maturity value of Rs. 90,368.50 after 6 years, if available ROI is 10% and compounding is Quarterly for first 2 years, Half Yearly for next 2 years and Monthly for last 2 years?
- A. Rs. 51585
- B. Rs. 50000
- C. Rs. 49000
- D. Rs. 55535
Answer: B
NEW QUESTION 554
What is a valuation date?
- A. 31st March
- B. 1st January
- C. 1st April
- D. The date on which the assessing officer assess the wealth tax
Answer: A
NEW QUESTION 555
Which of the following statements are true?
- A. Statements A, B and C are true.
- B. Statements A & C are true
- C. Statements B & C are wrong
- D. Statements A & B are true
Answer: A
NEW QUESTION 556
Which of the following is/are the different kinds of amortization?
- A. Only I
- B. All of the above
- C. I & III
- D. I & II
Answer: B
NEW QUESTION 557
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