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GLO_CWM_LVL_1 Exam Dumps - AAFM Chartered Wealth Manager Questions and Answers

Question # 124

A maximum of _____% of the trade done by a fund house can be routed through a single broker

Options:

A.

5

B.

10

C.

25

D.

50

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Question # 125

Which one of the following is/are correct?

Options:

A.

(I) only

B.

(ii) only

C.

Both are correct

D.

Both are incorrect

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Question # 126

Kapil is employed by SIDBI. He receives the following emoluments/facilities during 2006-07: Basic Salary Rs.1,40,000 DA (forming part of salary) Rs.9,000 Sale of computer to him by employer sale price Rs.20,000 (Cost of computer Rs. 2,00,000 used by employee for 3 years and 9 months) Rent free accommodation, the F.R.V. of which is Rs. 24,000 p.a. His taxable income for the assessment year 2007-08 shall be:

Options:

A.

211600

B.

183800

C.

178800

D.

174800

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Question # 127

You are given the following set of data on security XYZ:

Calculate the expected return on security XYZ?

Options:

A.

0.11

B.

0.17

C.

0.15

D.

0.18

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Question # 128

Omar wants to make a gift of Rs. 10000 in today’s terms to his parents at the end of each of next 10 years. If the annual rate of return is 8% and inflation is 3%, what is the value of funds he must have in hand today to meet this need for the 10 year period?

Options:

A.

81541

B.

77766

C.

76251

D.

82713

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Question # 129

Which of the following are the agency functions of a Commercial Bank?

Options:

A.

I ,II and III

B.

I , III and IV

C.

I, II and IV

D.

All of these

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Question # 130

Defined contribution plans put investment and performance risk on

Options:

A.

Employee

B.

Employer

C.

Employee and employer both

D.

Government

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Question # 131

Mr. Bharat sees a stock with a beta of 1.2 selling for Rs. 25 and price will move up to Rs. 31 by the end of the year. The risk free rate is 6% and the expected market return is 15 %. In this scenario Mr. Bharat would like to know whether the stock is _____________ and so should ___________.

Options:

A.

Overpriced, buy it.

B.

Overpriced, sell it.

C.

Under priced, buy it.

D.

Under priced, sell it.

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Question # 132

What is the most essential characteristic to be in existence at the stage of establishing client relationship?

Options:

A.

Collection of personal details

B.

Establishing trust and confidence

C.

Data gathering from the client

D.

Providing the client with an healthy atmosphere

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Question # 133

Ram is working in Rashid Enterprises, a proprietorship firm.During his working hours Ram was injured seriously. Due to this injury Ram was hospitalized for six months. Ram is the only bread winner of his family. Ms. Rashid, the proprietor of Rashid Enterprises is liable to pay damages to Ram. Under which of the following policy Rashid can protect himself from this liability?

Options:

A.

The Directors’ and officers liability policy

B.

Key Person Life Insurance Policy

C.

Product Liability Insurance

D.

Employer’s Liability Insurance Policy

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Question # 134

Calculate Gross Annual Value where Gross Municipal Value is Rs.120, Fair Rent is Rs.105. Actual rent receivable is Rs.100& Standard Rent is Rs.125

Options:

A.

Rs.120

B.

Rs.100

C.

Rs.105

D.

Rs.125

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Question # 135

The probability distribution of the rate of return on ABC stock is given below:

What is the standard deviation of return?

Options:

A.

11.40%

B.

12.90%

C.

10.50%

D.

13.50%

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Question # 136

IFSC stands for:

Options:

A.

Inter-bank Financial Sector Code

B.

Inter-bank Funds Settlement code

C.

Inter-bank Financial Service Code

D.

None of the above

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Question # 137

In Money laundering, a transaction involving cash used to buy high value goods,property or business assets is an example of which stage?

Options:

A.

Layering

B.

Placement

C.

Integration

D.

Confirmation

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Question # 138

Wills which are not valid in India except in case of privileged wills or in case of Mahomadans are called as:

Options:

A.

Mutual wills

B.

Concurrent wills

C.

Nuncupative wills

D.

Holograph wills

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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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