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AAFM
Chartered Wealth Manager
GLO_CWM_LVL_1
Chartered Wealth Manager (CWM) Global Examination Questions and Answers

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Viewing page 16 out of 16 pages

Viewing questions 301-320 out of questions

Questions # 301:

Financial Gerontology tries to assess client needs based on __________

Options:

Demographics of middle aged children and their elderly parents

Interconnections of financial legal and ethical issues

Options for financing health and long term care

All of the above

Answer

Questions # 302:

“Accumulation” is the age between ________

Options:

0-25

25-55

55-75

75 or above

Answer

Questions # 303:

Minimum number of investors in a scheme should be

Options:

Answer

Questions # 304:

Investments that are difficult to convert to cash are said to have _________

Options:

High Liquidity

Low Liquidity

High standard deviation

Low standard deviation

Answer

Questions # 305:

Net Interest income is

Options:

Interest earned on advances

Interest earned on investments

Total interest earned on advances and investment

Difference between interest earned and interest paid

Answer

Questions # 306:

If a testator makes a will ‘to induce another person to make him comply with his (testators) wish’ but does not have any testamentary operation or intention, then this will is called as

Options:

Concurrent will

Sham will

Disguise will

Duplicate will

Answer

Questions # 307:

_______ is an unconditional written order to pay money.

Options:

Bill of Exchange

Cheque

Both of the above

None of the above

Answer

Questions # 308:

Decision horizon is __________

Options:

Length of time between decisions to revise the portfolio

Length of time between decisions to redeem the portfolio

Minimum time interval over which investors can revise the portfolio

None of the above

Answer

Questions # 309:

A bank normally does not have to deal with an issue related to

Options:

Payments and settlement system

Contractual rights of creditors

Intellectual property rights

Case of insolvency

Answer

Questions # 310:

Some institutions may be used by criminals to transfer and hide illegal wealth. The institutions are often located in countries with well-developed secrecy laws and attractive tax structures.

These institutions are called:

Options:

Offshore banks

Trusts

Shell companies

Front companies

Answer

Questions # 311:

The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers

Options:

Subrogation

Contribution

Co-insurance

Indemnity

Answer

Questions # 312:

“Contango” is

Options:

Forward price is lower than expected future spot price

Forward price is higher than expected future spot price

Forward price is at the same price level as that of expected future spot price

None of the above

Answer

Questions # 313:

A “Family Office” segment client has investible assets worth of

Options:

$20,000,000

$50,000,000

$75,000,000

$100,000,000

Answer

Questions # 314:

A trust is extinguished if

Options:

All the beneficiaries who all competent to contract have given their consent for revocation of the trust

Fulfillment of its purpose her become impossible

In purpose is completely fulfilled

Any one of the above

Answer

Questions # 315:

At the beginning of 2006 you have invested Rs 2000 in 40 Shares of ABC Ltd. During the year you received dividends @ 7 per share. At the end of 2006 you expect to sell share for Rs. 59. Compute return?