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

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Viewing page 7 out of 16 pages
Viewing questions 121-140 out of questions
Questions # 121:

Domiciliary Hospitalization Benefit is provided if treatment is taken for a period exceeding 3 days at home in India, provided _______________.

Question # 121

Options:

A.

Both Statements A & C are correct.

B.

Both Statements B & C are correct.

C.

Statement B is correct.

D.

Statement C is correct.

Questions # 122:

The income of any university or other educational institution existing solely for educational purposes and not for the purposes of profit is exempt under clause (iiiad) of Section 10(23C) if the aggregate annual receipts’ of such univer­sity or educational institution do not exceed.

Options:

A.

Rs.100 crores,

B.

Rs.1 crore,

C.

Rs. 10 crores,

D.

Rs. 10 lakhs

Questions # 123:

Which of the following statements are true?

Question # 123

Options:

A.

Only statement I is correct

B.

Only Statement II is correct

C.

Both statement, I and II are correct

D.

Both statement I and II are incorrect

Questions # 124:

PPF is a

Options:

A.

Mandatory program for every employee

B.

Mandatory for every Income Tax assessed

C.

Self directed retirement program

D.

None of the above

Questions # 125:

A 12 year annual annuity of Rs. 10000 will begin 8 years hence (the first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 percent?

Options:

A.

Rs. 22898.12

B.

Rs. 22620.63

C.

C.Rs. 23456.78

D.

D.Rs. 22124.95

Questions # 126:

Mr. L Singh used machinery in his business. This is the only asset in the block. 20% of the usage is for personal purposes. The WDV of the block as on 31.3.2011 is —

Options:

A.

Rs. 2,70,000;

B.

Rs. 2,55,000;

C.

Rs. 2,10,000;

D.

None of the above.

Questions # 127:

Which of the following statement is true?

Question # 127

Options:

A.

Statement I & II is false.

B.

Statement I is false & II is true.

C.

Statement II is true.

D.

Both statements are true.

Questions # 128:

"To be sure to receive same day credit on a Saturday, NEFT instruction has to be given by _______."

Options:

A.

11:30 AM

B.

11:00 AM

C.

12 Noon

D.

12:30 PM

Questions # 129:

Which one of the following is correct?

Question # 129

Options:

A.

(i) only

B.

(ii) only

C.

Both the statement is correct

D.

Both the statement is incorrect

Questions # 130:

Every employer is obliged to ensure that his employees get a safe and secure workplace. In relation to the risks arising in the workplace which affects the employees, cover is provided through

Options:

A.

Employees’ Provident fund

B.

Workmen’s compensation insurance

C.

Employees’ group life insurance

D.

Employees’ personal accidents insurance scheme

Questions # 131:

If a typical market basket of goods and services cost Rs 120 in 1975, the base year, and Rs 180 in 1985, the price index in 1985 would be__________

Options:

A.

120

B.

150

C.

160

D.

180

Questions # 132:

Processing dividend payout in Mutual Funds is role of

Options:

A.

Sponsor

B.

Trustee

C.

AMC

D.

Registrar & Transfer Agent

Questions # 133:

Investment in FCNR may be made through ________.

Options:

A.

Remittance from abroad

B.

Transfer from NRE

C.

Either of the above

D.

Both of the above

Questions # 134:

A review of portfolio should be done when

Options:

A.

One witnesses a change in micro level factors

B.

One witnesses a change in macro level factors

C.

One witnesses new products floating in the market

D.

All of the above

Questions # 135:

Paintings and Stamps are examples of

Options:

A.

Precious Metals

B.

Derivatives

C.

Equity

D.

Collectibles

Questions # 136:

What would be the tax liability if tea and snacks are provided in the office after office hours?

Options:

A.

Nil

B.

Nil, if it is uptoRs. 50 per meal

C.

Actual amount spent by the employer

D.

Nil, if it is upto Rs. 75 per meal

Questions # 137:

KYC norms are applicable in following cases

Options:

A.

All new account

B.

All new accounts and old accounts with high value transactions

C.

All cash transactions

D.

All accounts

Questions # 138:

Transfer of Property Act came into force on

Options:

A.

July 01, 1882

B.

August 01, 1882

C.

September 01, 1882

D.

October 01, 1882

Questions # 139:

For a “single income family” priority is on

Options:

A.

Protecting income via a term plan

B.

Investing in commodities to grow wealth

C.

Investing in Mutual Funds to grow wealth

D.

None of the above

Questions # 140:

The risk measure used for calculating Treynor Index is:

Options:

A.

Alpha

B.

Variance

C.

Beta

D.

Standard Deviation

Viewing page 7 out of 16 pages
Viewing questions 121-140 out of questions
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