Free AAFM GLO_CWM_LVL_1 Practice Exam with Questions & Answers | Set: 13

The possibility that a person’s house will be destroyed due to a natural disaster is an example of ?

Basic Idea of retirement benefit plan is

Pure premium is Rs. 5000. Expenses are 20% of the gross (office) premium. Office premium is

Domiciliary Hospitalization Benefit is provided if treatment is taken for a period exceeding 3 days at home in India, provided _______________.

Actual Loss ratio is

A portfolio consists of 50% of investment ‘R’ that earned 10%, 25% of investment ‘S’ that earned 6% and 25% of investment ‘T’ that earned 9%. Compute the weighted average return?

Which of the following are covered in the Banking Ombudsman Scheme?

An important financial institution that assists in the initial sale of securities in the primary market is the

Expenses are 10% of the gross (office) premium. Pure premium is Rs. 200. Calculate office premium.

Which of the following statements is/are correct?

Under the Workmen Compensation Policy, when the employment injury results in death, the insurance company pays 40 % of the monthly wages of the deceased multiplied by the relevant factor or Rs. _________ whichever is more.

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

Calculate the expected return on security ABC?

Ram born in 1950 has a life expectancy at birth of 65 years. Sita his wife born in 1955 has a life expectancy at birth of 70 years. Assuming that the life expectancies have not changed. Ram is planning to buy an annuity to be paid to him or his wife till anyone of them is alive. Assuming Ram will retire on attaining age 58 i.e. in 2008, what should be the time period of the annuity?

Under pure flexible exchange rate regime, ________ is not maintained

Akash has only compulsory third party policy for his car. He jumped a red light and collided with another car and then with the boundary wall of a nearby house. Damage to his car was of Rs. 17,000/-, damage to other car was of Rs. 15,000/- and damage to the boundary wall of house was of Rs. 15,000. The insurance policy of Akash will pay:

Money kept in current account normally earns

A retirement planner must have detailed information about the client’s current and future assets and liabilities. Which of the following is of least importance in developing a retirement plan?

In case of an individual and HUF cash in hand in excess of …………… shall be included in assets

IMF has _____ directors

An insured becomes entitled for getting No Claim Bonus only at the renewal of a policy after the expiry of the full duration of _________ months.