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Pass the AAFM Chartered Wealth Manager GLO_CWM_LVL_1 Questions and answers with ExamsMirror

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Viewing questions 181-200 out of questions

Questions # 181:

Open Market Operations is an important tool for central banks in ___________.

Options:

bullish equity market conditions

bearish equity market conditions

countries where debt market is developed

countries where debt market is under-developed

Questions # 182:

Residential status is to be determined for:

Options:

Assessment year

Accounting year

Next coming year

Previous year

Questions # 183:

Fixed exchange-rate systems maintained by a gold standard have difficulty achieving equilibrium if

Options:

the money supply rises with surpluses.

the money supply falls with deficits.

inflation of costs and prices occurs with a balance-of-payments surplus.

changes in the money supply are unrelated to the state of the balance of payments.

Questions # 184:

A UHNW segment client has investible assets worth of

Options:

$20,000,000

$50,000,000

$75,000,000

$100,000,000

Questions # 185:

"When a customer deposits cheque with a bank for clearing, the customer becomes a _______."

Options:

Debtor

Principal

Creditor

Agent

Questions # 186:

Depreciation expenses would be classified as:

Options:

Operating cash flow

Investing cash flow

Financing cash flow

No cash flow impact

Questions # 187:

Highest Credit rating is depicted by symbol

Options:

AAA

BBB

Questions # 188:

A portfolio consists of 50% of investment ‘X’ that earned 15%, 25% of investment ‘Y’ that earned 8% and 25% of investment ‘Z’ that earned 11%. Compute the weighted average return?

Options:

13.75%

14.25%

14.50%

14.75%

Questions # 189:

In case of fire insurance, insurable interest should exist at the time of

Question # 189

Options:

(i) only

(ii) only

(i) and (ii) both

None of the above

Questions # 190:

An insured becomes entitled for getting No Claim Bonus only at the renewal of a policy after the expiry of the full duration of _________ months.

Options:

6 months

9 months

3 months

12 moths

Questions # 191:

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

Options:

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

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

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.

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.

Questions # 192:

Cheque truncation refers to the process by which:

Options:

Cheques are returned to customers after payment

Entry of stopped cheques into the computer system

Cheques payable at different cities / branches

Physical movement of cheques is curtailed, being replaced by electronic records of their content

Questions # 193:

If you have deposited Rs.4000 with a company and the company wishes to prepay the deposit at the contracted rate of interest after a period of 3.5 years and offers you Rs.4985, what is the effective rate of interest if it is accounted half yearly?

Options:

6.40%

3.19%

6.49%

7.00%

Questions # 194:

If a Rs. 100 par value preferred stock pays an annual dividend of Rs. 5 and comparable yields are 10 percent, the price of this preferred stock will be

Options:

Rs. 100

Rs. 75

Rs. 50

Rs. 25

Questions # 195:

Sujoy has purchased shares of Rs.12500 of common stock in Hindustan Unilever . He has recently sold investment to the tune of Rs.15000 & received Rs 2500 as cash dividends during the holding period of 4 years. He paid a total of Rs 250 in commissions. What is CAGR on the investment?

Options:

8.23%

9.75%

9.05%

10.72%

Questions # 196:

A doctor has taken a professional indemnity Policy on 01/06/2003 and has been continuously renewing it. In August, 2006 he operated on an infant child. But that operation failed. The parent of child filed a law suit against doctor in Sept, 2006. Which of the following statement is true in respect of the claim?

Options:

As the Professional indemnity policy was taken on 01/06/2003 and it has been regularly renewed since then, and was in force during the occurrence of claim, the doctor will be reimbursed under the Policy.

As the Professional indemnity policy was taken on 01/06/2003 and claim has arose on August, 2006, so the doctor will not be reimbursed under the Policy.

As the operation has failed, so the doctor has to pay the compensation.

A profession indemnity policy does not include claims under failure of operation.

Questions # 197:

Dividend per share of Books Ltd. is 2 and required rate of return is 10%. Calculate the value of share of Books Ltd.

Options:

Questions # 198:

Mukul purchased a flat on 1-4-1996 for Rs. 10,00,000/-. He sells the same flat on 1-10-2006 for Rs. 25,00,000/-. Please calculate the Indexed Cost of Acquisition on which capital gain would be calculated. (The CII of year 1995-96 is 281, for year 1996-97 is 305, for year 2005-06 is 497 and for year 2006-07 is 519).

Options:

17,85,129

17,26,175

17,01,639

17,45,508

Questions # 199:

Mrs. Sharma, a 40-year-old widow, has an 8-year-old son. Her current savings are not adequate to provide for her son’s post graduate studies, however she will be able to save for it by the time he finishes graduation i.e. when he is 20 years old. Mortality tables indicate that her life expectancy is another 30 years.

Which one of the following is true?