Free AAFM GLO_CWM_LVL_1 Practice Exam with Questions & Answers | Set: 12

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Questions 221

Which of the following statements are correct?

GLO_CWM_LVL_1 Question 221

Options:

I,III and IV

I,II and III

II and III

All statements are true

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Questions 222

Purpose of budget is ____________

Options:

Spend money wisely

Reach financial goals

Prepare for financial emergencies

All of the above

Questions 223

Stock A & B are positively correlated with a correlation co efficient of .75. When stock A moves up by 12%, how will stock B perform?

Options:

Stock B will move up by 12%

Stock B will move down by 12%

Stock B will move up by 9%

Stock B will move down by 9%

Questions 224

Spread is defined as ___________________.

Options:

Difference in price between two futures contracts on different commodity for two different maturity dates

Difference in price between two futures contracts on the same commodity for two different maturity dates

Difference in price between two futures contracts on different commodity for two same maturity dates

None of the above

Questions 225

How much should one deposit today in a bank account paying interest compounded quarterly if you wish to have Rs. 10000 at the end of 3 months, if the bank pays 5% annually?

Options:

9524

9877

9788

9867

Questions 226

Identify the placement techniques in the following statements:

GLO_CWM_LVL_1 Question 226

Options:

(i) and (ii)

(i) and (iv)

(ii) and (iii)

(ii) and (iv)

Questions 227

Any income chargeable under the based "Salaries" is exempt from tax under Section 10(6)(viii), if it is received by any non resident individual as remuneration for services rendered in connection with his employment in a foreign ship where his total stay in India does not exceed a period days in that previous year.

Options:

182

120

Questions 228

Which of the following statements are true?

GLO_CWM_LVL_1 Question 228

Options:

Statements A & B are true

Statements A & C are true

Statements B & C are wrong

Statements A, B and C are true.

Questions 229

In India, the interest rate of a floating rate security is linked to ___________.

Options:

MIBOR

CIROB

Repo rate

Reverse Repo Rate

Questions 230

Which of the following is/are the neccessary contents of a will?

GLO_CWM_LVL_1 Question 230

Options:

I ,II and III

I , III and IV

I, II and IV

All of these

Questions 231

The basic principles of Islamic Finance are…..

Options:

Interest, either for the borrower or the lender, is forbidden.

The lender shares in the profits and the losses made by any enterprise it lends money to

Excessive uncertainty, risk and speculation are forbidden

All of the above

Questions 232

Commutation of pension up to a limit of _______________ is tax exempt in case the gratuity is also received

Options:

¼ of the pension

1/3 of the pension

½ of the pension

¾ of the pension

Questions 233

Calculate the total maturity amount payable in a policy of Rs. 4,00,000/-, if the term of the policy was 17 years and bonus was Rs. 52 per thousand per annum and a final bonus of Rs. 125/- per thousand was payable?

Options:

Rs. 745123

Rs. 723231

Rs. 698235

Rs. 803600

Questions 234

Which of the following statement best describes the Cash Flow Planning Process?

Options:

It is the process of marking the major future expenditures (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame.

It is the process of marking the major present expenditures and making planned investments so that the required amount may or may not be accumulated within the required time frame.

It is the process of marking the major future expenditures (only short-term) and making planned investments.

It is a budget for expenses and income.

Questions 235

The following parameters are available for two mutual funds:

GLO_CWM_LVL_1 Question 235

Calculate Sharpe measure?

Options:

0.10, 0.33

0.8, 0.33

0.22, 0.17

0.18, 0.25

Questions 236

Total income for assessment year 2007-08 of an individual including long-term capital gain of Rs. 60,000 is Rs. 1,40,000. The tax on total income shall be:

Options:

Rs. 8,800

Rs. 8,160

Rs. 7,000

Rs. 5,000

Questions 237

Mayank an investor buys one share of stock for Rs.500 at the beginning of the first year, and buys another share for Rs.550 at the end of the first year. The investor earns Re.10/- in dividends in the first year and Re.20/- in the second year. What is the time-weighted rate of return if the shares are sold at the end of the second year for Rs.650/- each?

Options:

6.88%

16.88%

0.07%

0.16%

Questions 238

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

Options:

11:30 AM

11:00 AM

12 Noon

12:30 PM

Questions 239

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:

GLO_CWM_LVL_1 Question 239