Pass AAFM GLO_CWM_LVL_1 Exam with Guarantee Updated 1027 Questions
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NEW QUESTION 358
Puspinder Singh Ahluwalia took a housing loan on 1st. of June 2009 (EMI in arrear) of Rs. 50 lacs at a ROI of
10.75% p.a. compounded monthly for 12 years. He wants to know the deduction in taxable income he can claim u/s 24 of the IT act for the FY 2011 -12
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 359
Which of the following is true of Reverse Repo rate?
- A. Determined by free market forces
- B. Lower than repo rate
- C. benchmark for long term rates
- D. Part of funding cost for commercial banks
Answer: B
NEW QUESTION 360
The information about 3 stocks is provided below:
Assuming that the required rate of return on investment is 14%, what maximum price an investor should be willing to pay and Which Stock should he buy?
- A. Rs. 23.15/-, Rs. 47.50/-, Rs.70.45/- , Share C
- B. Rs. 15.29, Rs. 43.71, Rs. 63.64, None
- C. Rs. 16.36, Rs. 49.67, Rs. 69.75, Share B only
- D. Rs. 15.29, Rs. 22.50, Rs. 49.50, Share B and C
Answer: B
NEW QUESTION 361
The following parameters are available for two mutual funds:
Calculate Sharpe measure?
- A. 0.8, 0.33
- B. 0.10, 0.33
- C. 0.22, 0.17
- D. 0.18, 0.25
Answer: C
NEW QUESTION 362
Pure premium and Loss Ratio methods are two methods to determine
- A. None of the above
- B. Merit rated premium
- C. Judgement Rated premium
- D. Class rated premium
Answer: D
NEW QUESTION 363
Which of the following is/are the different kinds of amortization?
- A. Only I
- B. All of the above
- C. I & III
- D. I & II
Answer: B
NEW QUESTION 364
You are given the following set of data on security XYZ:
Calculate the expected return on security XYZ?
- A. 0.18
- B. 0.11
- C. 0.15
- D. 0.17
Answer: C
NEW QUESTION 365
Wealth Conservation is _____________
- A. Legally structuring the future disposition of current assets to minimize the benefits to chosen beneficiaries
- B. Using insurance to ensure wealth is protected
- C. None of the above
- D. Ways to maximize tax efficiency of current assets and cash flows while achieving capital growth and preservation goals
Answer: A
NEW QUESTION 366
Mr. Kadam is entitled to a salary of Rs. 25000 per month. He is given an option by his employer either to take house rent allowance or a rent free accommodation which is owned by the company. The HRA amount payable was Rs. 5000 per month. The rent for the hired accommodation was Rs. 6000 per month at New Delhi. Advice Mr. Kadam whether it would be beneficial for him to avail HRA or Rent Free Accommodation.
Give your advice on the basis of "Net Take Home Cash benefits".
- A. Rent Free Accomodation
- B. None of the Above
- C. Both are Beneficial
- D. Avail HRA
Answer: D
NEW QUESTION 367
Beta less than lies an indication that the security would move __________.
- A. in line with the market
- B. more than the market
- C. lesser than the market
- D. Inverse with the market
Answer: C
NEW QUESTION 368
Which of the following transaction /transactions is/are an example of the Layering Stage of Money Laundering?
- A. a b and c
- B. b and d
- C. b, c and d
- D. Only b
Answer: B
NEW QUESTION 369
The market risk premium is defined as ___________
- A. the difference between the return on the highest yielding asset and the lowest yielding asset.
- B. the difference between the return on a small firm mutual fund and the return on the Standard and Poor's
500 index - C. the difference between the return on an index fund and the return on Treasury bills
- D. the difference between the return on the risky asset with the lowest returns and the return on Treasury bills
Answer: C
NEW QUESTION 370
Dinesh has opened his PPF account on 19/11/1999, Calculate the amount he can avail as the first withdrawal facility from the details below?
- A. Rs 274555.
- B. Rs 115745
- C. Rs 125897
- D. Rs 120536
Answer: D
NEW QUESTION 371
Under the current international monetary system,
- A. surveillance is conducted by the International Monetary Fund (IMF) over the exchange-rate policies of its members.
- B. each country can choose whether it wants a fixed or a floating exchange rate.
- C. there is joint floating by some countries.
- D. All of the above.
Answer: D
NEW QUESTION 372
Following is/ are the component(s) of Personal Financial Statements
- A. Balance Sheet
- B. All of the above
- C. Cash Flow Statement
- D. Income Statement
Answer: B
NEW QUESTION 373
A UHNW segment client has investible assets worth of
- A. $75,000,000
- B. $100,000,000
- C. $50,000,000
- D. $20,000,000
Answer: D
NEW QUESTION 374
A maximum of _____% of the trade done by a fund house can be routed through a single broker
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 375
If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure is
- A. Not allowable as a deduction in computing profits and gains of business or profession.
- B. Fully deductible as revenue expenditure in the year in which it is incurred.
- C. Not deductible but is eligible to be treated as an intangible asset in respect of which depreciation can be claimed.
- D. Allowed as a deduction spread over five successive previous year beginning with the previous year in which the amalgamation or demerger takes place.
Answer: D
NEW QUESTION 376
Which of the following statements is TRUE concerning zero coupon bonds?
- A. Zero-coupon bonds generally require the investor to switch to a coupon-bearing bond after a period of 5 years.
- B. The investor must pay taxes on the annual accrued interest even though no interest is actually received unless the bonds are held in tax-sheltered accounts
- C. Investors cannot lock in a high rate of return because of the lack of an annual coupon.
- D. Large capital losses accrue when interest rates decline.
Answer: B
NEW QUESTION 377
X, a shopkeeper says to Y, who manages his business - "Sell nothing to Z unless he pays you ready money, for I have no opinion of his honesty". Can Z claim against X for defamation?
- A. None of the above
- B. No, because it has not been published
- C. No, if the statement has been said in the good faith
- D. Yes, he can
Answer: C
NEW QUESTION 378
Default risk is
- A. All of the above
- B. Borrower may not be able to sell the security easily
- C. Fluctuation in price due to change in interest rate
- D. Borrower may not pay principal in time
Answer: D
NEW QUESTION 379
Under the efficient market hypothesis, which of the following term best describes the movement of stock prices?
- A. Diverse.
- B. Predictable.
- C. Statistical.
- D. Random.
Answer: D
NEW QUESTION 380
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