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GLO_CWM_LVL_1 Exam Dumps - AAFM Chartered Wealth Manager Questions and Answers

Question # 109

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

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Question # 110

Which of the following is true for written down value method of calculating depreciation?

Options:

A.

The depreciation charge remains uniform throughout the year.

B.

Depreciation charged in initial years is less than straight line method.

C.

The depreciation charge reduces throughout the life of the asset.

D.

None of the above

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Question # 111

Calculate Pure Premium, if Risk premium is Rs. 5,000 and Rate of interest is 7 %?

Options:

A.

Rs. 4672

B.

Rs. 4600

C.

Rs. 4800

D.

Rs. 4645

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Question # 112

Which of the following are the key issues in retirement planning of service class?

Options:

A.

A, D

B.

A, B, D

C.

A, C, D

D.

A, B, C

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Question # 113

Financial intermediaries

Options:

A.

exist because there are substantial information and transaction costs in the economy.

B.

improve the lot of the small saver.

C.

are involved in the process of indirect finance.

D.

Do all of the above.

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Question # 114

A property has 120 rooms and each room has a monthly rent of Rs.750. The occupancy rate throughout the year is 80% and maintenance expenses per year works out to be Rs.3,00,000. Capitalization rate is 12%. Calculate the value of the property?

Options:

A.

Rs.45 lacs

B.

Rs.47 lacs

C.

Rs.46 lacs

D.

Rs.44 lacs

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Question # 115

A trust not created by a will can be revoked only

Options:

A.

(i) & (ii)

B.

(ii) & (iii)

C.

(i) & (iii)

D.

All of the above

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Question # 116

Asit an industrialist wants to buy a car presently costing Rs. 10,00,000/- after 5 years. The cost of the car is expected to increase by 10% pea for the first 3 years and by 6% in the remaining years. Asit wants to start a SIP with monthly contributions in HDFC Top 200 Mutual Fund. You as a CWM expect that the fund would give an average CAGR of 12% in the next 5 years. Please advise Asit the monthly SIP amount starting at the beginning of every month for the next 5 years to fulfill his goal of buying the Car he desires.

Options:

A.

1495512

B.

18614.48

C.

20614.48

D.

18311.71

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Question # 117

Consider the following information for three mutual funds:

Calculate Jensen measure (%)?

Options:

A.

1.70, 5.30, 3.40

B.

4.35, 3.78, 2.53

C.

2.25, 3.78, 4.65

D.

3.17, 4.58, 5.78

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Question # 118

Mr. M is an employee of Z Ltd. His basic pay is Rs.24,000 p.a., Dearness Allowance Rs.12,000 p.a; Medical Allowance (fixed) Rs.10,000 p.a.; Conveyance Allowance Rs.6,000 p.a.; Professional Tax deducted from his salary Rs.1,000 p.a.; Free lunch provided during office hours valued at Rs.12,000 for a 300-working day year; free education for two children in a school owned and maintained by the employer – school tuition fee for both the children is estimated at Rs.18,000 p.a.

What is Net Income of Mr. M and examine whether he is a specified or non-specified employee?

Options:

A.

Rs. 51,000, Specified Employee

B.

Rs. 50,000, Non Specified Employee

C.

Rs. 48,000, Specified Employee

D.

Rs. 57,000, Non Specified Employee

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Question # 119

Which one of the following statements is/are correct?

Options:

A.

(i) only

B.

(ii) only

C.

Both are correct

D.

Both are incorrect

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Question # 120

Which of the following statement is/are correct?

Options:

A.

Only (i)

B.

Only (ii)

C.

Both of the above

D.

None of the above

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Question # 121

Which of the following transaction /transactions is/are an example of the Layering Stage of Money Laundering?

Options:

A.

Only b

B.

b, c and d

C.

a b and c

D.

b and d

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Question # 122

Mr. Nitin, a trading and a clearing member, took proprietary position in August 2007 expiry contract. He bought 10000 units of SAIL@ Rs.140 and sold 8000 units @ Rs.143.50. The end of the day settlement price for August 2007 expiry contact is Rs.141. If the initial margin per unit of SAIL for August 2007 is Rs.42 per unit, then the total initial margin payable by Nitin would be_______

Options:

A.

Rs.84000

B.

Rs.420000

C.

Rs.3360000

D.

None of the above

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Question # 123

The June 1999 Basle Committee on Banking Supervision issued proposals for reform of its 1988 Capital Accord (the Basle II Proposals). These proposals contained mainly in:

Options:

A.

I,III and VI

B.

II, IV and V

C.

I,IV and V

D.

II, III and VI

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Exam Code: GLO_CWM_LVL_1
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Jan 31, 2025
Questions: 1057
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