Get 2021 Updated Free AAFM GLO_CWM_LVL_1 Exam Questions & Answer
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NEW QUESTION 396
Rishi wants to purchase a car 5 years from now. His investments are presently worth Rs. 48,000/-. He puts them into an account today at a ROI of 10% per annum and he would be contributing Rs. 5,000/- from end of this month, every month for 5 years. What would be his accumulated savings in this account after end of 5 years?
- A. 467645.78
- B. 464152.92
- C. 466160.18
- D. 465456.12
Answer: C
NEW QUESTION 397
Defined contribution plans put investment and performance risk on
- A. Employee and employer both
- B. Government
- C. Employer
- D. Employee
Answer: D
NEW QUESTION 398
If the deceased has two widows, four sons and two daughters then what is the share of each widow
- A. One seventh of estate
- B. One half of estate
- C. One fourteenth portion
- D. One eighth portion
Answer: C
NEW QUESTION 399
A kind of lease in business organisations wherein the lesssor and lessee agree to a payment schedule (normally some months) have no payment and penalty
- A. Sub-lease
- B. Skip Lease
- C. Pre-Paid Purchase Lease
- D. True Lease
Answer: B
NEW QUESTION 400
Ram purchased a house in Mumbai in March 2004 for Rs.12,50,000. In April, 2011 entered into an agreement to sell the property to Shyam for a consideration of Rs.19,75,000 and received earnest money of Rs.50,000. As per the terms of the agreement, the balance payment was to be made within 30 days of the agreement. If the intending purchaser does not make the payment within 30 days, the earnest money would be forfeited. As Shyam could not make the payment within the stipulated time the amount of Rs.50,000 was forfeited by Ram.
Subsequently Ram sold the house in June,2012 for Rs. 21,30,000. He paid 2% brokerage on sale of the house.
Calculate the capital gains chargeable to tax for the assessment year 2012-13. [CII-12-13: 852,11-12:
785,10-11:711,03-04:463]
- A. 0
- B. 52,843
- C. 1
- D. 2
Answer: B
NEW QUESTION 401
Trust banks are ____________
- A. UK equivalent of traditional American private bank
- B. None of the above
- C. Japanese equivalent of traditional European private bank
- D. US equivalent of traditional European private bank
Answer: D
NEW QUESTION 402
Mr. Ravi aged 28 years is a marketing professional who earns a salary of Rs. 50000 p.m. He is very concerned about his retirement expenses. For the same he has started saving Rs. 6000 p.m. regularly in a bank fixed deposit paying an interest of 9.5% p.a. since the age of 23.
At the age of 38, he is thinking of buying a house on his retirement which is 25 years away.
He has estimated that the price of the house at his retirement will be Rs. 4000000. Calculate the amount of retirement corpus accumulated by him and the extra savings he has to make at the age of 38 in order to purchase the house? (Inflation rate = 3% p.a.)
- A. Rs. 20036777 &Rs. 3500
- B. Rs. 20036777 &Rs. 6870
- C. Rs. 32617751 &Rs. 3281
- D. Rs. 32617751 &Rs. 9281
Answer: C
NEW QUESTION 403
Banking Ombudsman Scheme is:
- A. Under Banking Regulation Act
- B. IBA Scheme
- C. None of the above
- D. Bank's own scheme
Answer: A
NEW QUESTION 404
Which one of the following statements is/are correct?
- A. Both are wrong
- B. None of the above
- C. (ii) only
- D. (i) only
Answer: A
NEW QUESTION 405
The risk measure used for calculating Treynor Index is:
- A. Variance
- B. Alpha
- C. Beta
- D. Standard Deviation
Answer: C
NEW QUESTION 406
The premium on all other riders put together should not exceed _____ of the premium on the base policy
- A. 10%
- B. 20%
- C. 30%
- D. 50%
Answer: C
NEW QUESTION 407
Which of the following statement is true?
- A. Book building is a process to elicit demand for and price of, securities
- B. Companies can freely price their share issues.
- C. Ordinary share capital is a high-risk high reward source of finance for investors
- D. All of the above
Answer: D
NEW QUESTION 408
Sources of risk to investors who purchase government bonds include
- A. I and II
- B. II and III
- C. I and III
- D. All of the above
Answer: C
NEW QUESTION 409
AUM stands for
- A. Asset Under Management
- B. None of the above
- C. Area Under Management
- D. Asset Utilization Model
Answer: A
NEW QUESTION 410
Concept of final pay is a feature of
- A. Hybrid plan
- B. Defined benefit plan
- C. None of the above
- D. Defined contribution plan
Answer: B
NEW QUESTION 411
Consider the following information for three mutual funds:
Market Return 10%
Risk free return is 6%.
Calculate the Risk Adjusted Return on the basis of Jensen measure (%)?
- A. 3.45, 7.78, 4.38
- B. 3.65, 8.88, 9.36
- C. 3.60, 2.40, 6.20
- D. 2.50, 8.50, 6.60
Answer: C
NEW QUESTION 412
Expenses are 10% of the gross (office) premium. Pure premium is Rs. 200. Calculate office premium.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 413
Conflict of interest should be discussed in ________
- A. Terms of Engagement
- B. All of the above
- C. Need Analysis
- D. Analysis of Financial issues
Answer: A
NEW QUESTION 414
Suppose X and Y are Father and Son respectively ,so when Y was a minor X advanced Rs 10,000 to him.
After Y becoming major X obtains a bond for Rs 20000 ,which is much larger than the original amount due from Y,by using his parental influence.The contract stands voidable because the consent is caused by:
- A. Misrepresentation
- B. Constructive Fraud
- C. Coercion
- D. Duress
Answer: B
NEW QUESTION 415
A mortgage where the mortgagor delivers possession and binds himself to deliver possession of the mortgaged property to the mortgagee is called?
- A. Reverse Mortgage
- B. Usufructuary Mortgage
- C. English Mortgage
- D. Mortgage by conditional sale
Answer: B
NEW QUESTION 416
Bonus share are
- A. Issued at a discount to current stockholders
- B. Issued free to current stockholders
- C. Issued at a premium to current stockholders
- D. Issued to promoters only
Answer: B
NEW QUESTION 417
Calculate current liability from the following information.
Current ratio is 1.5 and current assets are worth Rs.250
- A. 166.67
- B. 0
- C. 1
- D. 2
Answer: A
NEW QUESTION 418
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