[Sep-2021] Valid Way To Pass AAFM Exam Dumps with GLO_CWM_LVL_1 Exam Study Guide
All GLO_CWM_LVL_1 Dumps and Chartered Wealth Manager (CWM) Global Examination Training Courses Help candidates to study and pass the Exams hassle-free!
NEW QUESTION 245
In which year can the subscriber to a PPF account take the first loan from the opening of the account?
- A. Second Year
- B. Third Year
- C. Sixth Year
- D. Fifth Year
Answer: B
NEW QUESTION 246
What do you mean by deceased to have died intestate?
- A. Person dies without a will or a valid will
- B. Receive property from a deceased person
- C. Person died with not estate
- D. Person named in the will to carry out the settlement of an estate
Answer: A
NEW QUESTION 247
Domiciliary Hospitalization Benefit is provided if treatment is taken for a period exceeding 3 days at home in India, provided _______________.
- A. Statement B is correct.
- B. Both Statements A & C are correct.
- C. Both Statements B & C are correct.
- D. Statement C is correct.
Answer: B
NEW QUESTION 248
Case: The returns of 2 shares are as follows
Calculate the covariance of returns.
- A. 270.36
- B. -420.11
- C. 220.32
- D. 162.08
Answer: D
NEW QUESTION 249
A copy of the rules & regulations of the society, certified to be correct copy by not less than_____________ of the members of the governing body shall be filled with the MOA
- A. Five
- B. Two
- C. Four
- D. Three
Answer: D
NEW QUESTION 250
Rate of 15% pea compounded annually will be equal to ---------------- % per month.
- A. 1.117% per month
- B. 1.25% per month
- C. 1.7149% per month
- D. 1.17149% per month
Answer: D
NEW QUESTION 251
You bought a stock for Rs. 28.29 that paid the following dividends
After the third year, you sold the stock for Rs. 35. What was the annual rate of return?
- A. 13%
- B. 11%
- C. 12%
- D. 14%
Answer: C
NEW QUESTION 252
Which of the following statements is/ are correct?
- A. I II and III
- B. All statements are true
- C. I,III and IV
- D. IIand IV
Answer: D
NEW QUESTION 253
Vinod Khanna, aged 27 years, is having a policy of Rs. 15 Lac sum assured and is paying premium of Rs.
14,800/- . The cash surrender value of this policy is at the end of previous year was Rs. 35,000. It is estimated that by this year end, the cash surrender value of this policy would be Rs. 40,000/-. Bonus under this old policy is Rs. 10,000/-.
There is another term insurance policy of Rs. 15 Lac Sum Assured is available to Vinod at Rs. 4,200/- per annum. If rate of interest is 8 % then first calculate the CPT of existing and new policy respectively and then advise Vinod if it is better to continue this policy or to discontinue it?
- A. 2.59 ,2.88.Continue this policy
- B. 3.13 ,2.97.Disontinue this policy
- C. 2.45,3.35.Continue this policy
- D. 3.91 ,2.79.Discontinue this policy
Answer: A
NEW QUESTION 254
Minimum net-worth of an AMC should be ______
- A. 10 crore
- B. 5 crore
- C. 2 crore
- D. 1 crore
Answer: A
NEW QUESTION 255
Onshore wealth management involves ____________
- A. Suggesting products and services available within the client's country of residence
- B. None of the above
- C. Suggesting products and services available outside the client's country of residence
- D. Suggesting products and services available across the globe
Answer: A
NEW QUESTION 256
You are given the following set of data:
Historical Rate of Return
Determine the arithmetic average rates of return and standard deviation of returns of the NSE over the period given.
- A. 15.63%, 27.63%
- B. 14.25%, 23.75%
- C. 16.74%, 29.74%
- D. 12.10%, 22.62%
Answer: D
NEW QUESTION 257
Pension received from a former employer is classified under the head _________.
- A. Capital Gains
- B. Income from other sources
- C. Salaries
- D. Gratuity
Answer: C
NEW QUESTION 258
BIS handles each of the following, except ________."
- A. Centre for economic and monetary research
- B. Forum to promote discussion and policy analysis
- C. Credit rating of global banks.
- D. Prime counter-party for central banks
Answer: C
NEW QUESTION 259
Saptarshi acquired shares of G Ltd. on 15.12.98 for Rs. 5 lacs which were sold on 14.6.11 for Rs. 19 lacs.
Expenses on transfer of shares Rs. 40,000. He invests ` 8 lacs in the bonds of Rural Electrification.
Corporation Ltd. on 16.10.2011. Compute capital gain for the assessment year 2012-13.
- A. Nil
- B. Rs 11,18,234
- C. Rs 12,45,745
- D. Rs 7,41,766
Answer: A
NEW QUESTION 260
An HUF consisted of a father, who is a widower, his three sons and a daughter. On death of the father what will the share of each of his sons?
- A. One fourth of HUF property
- B. One fourth plus one sixteenth of HUF property
- C. One third of HUF property
- D. One sixteenth of HUF property
Answer: A
NEW QUESTION 261
Calculate current liability from the following information.
Current ratio is 1.5 and current assets are worth Rs.250
- A. 0
- B. 166.67
- C. 1
- D. 2
Answer: B
NEW QUESTION 262
Decision horizon is __________
- A. None of the above
- B. Length of time between decisions to revise the portfolio
- C. Minimum time interval over which investors can revise the portfolio
- D. Length of time between decisions to redeem the portfolio
Answer: B
NEW QUESTION 263
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