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Free AAFM GLO_CWM_LVL_1 Practice Exam with Questions & Answers | Set: 14

Questions 261

Which of the following measures is based only on two observations in a data set?

Options:
A.

Arithmetic mean

B.

Standard deviation

C.

Geometric mean

D.

Range

AAFM GLO_CWM_LVL_1 Premium Access
Questions 262

Deduction u/s 80U in case of permanent physical disability (including blindness) allowed to:

Options:
A.

an individual who is citizen of India

B.

an individual who is resident in India

C.

any individual assessed

D.

None of These

Questions 263

P Ltd sets the target to produce 1000 tones of steel during the next six months to recover the cost but there is a possibility that due to strikes and lockouts the targeted output may not be archived. What type of risk is associated with the production process?

Options:
A.

Pure Risk

B.

Speculative Risk

C.

Liability Risk

D.

All the above

Questions 264

In Islamic Banking, Anything permitted by Shariah is called:

Options:
A.

Israf

B.

Halal

C.

Haram

D.

Hibah

Questions 265

Which of the following is not a characteristic of defined benefit plan?

Options:
A.

Benefit levels are guaranteed

B.

These plans are easy to design and explain to employees

C.

actuarial assumptions are necessary to determine actual contribution amounts

D.

Employer is subject to a recurring annual funding obligation

Questions 266

A review of portfolio should be done when

Options:
A.

One witnesses a change in micro level factors

B.

One witnesses a change in macro level factors

C.

One witnesses new products floating in the market

D.

All of the above

Questions 267

Performance measurement by benchmarking normally refers to comparing performance of a fund to

Options:
A.

The performance achieved by comparable investment funds

B.

The results of key economic factors

C.

The results achieved by key investment indexes

D.

The results achieved by recognized superannuation funds

Questions 268

Higher interest based on age is offered in which of the following accounts?

Options:
A.

Savings

B.

Term

C.

Current

D.

All of the above

Questions 269

Under which of the following steps does the wealth manager develops a SWOT chart for the client

Options:
A.

Identifying Goals and Objectives

B.

Identifying and Clarifying the Current Situation

C.

Developing a Wealth Management Plan

D.

Analyzing Financial Issues

Questions 270

Which of the following definitions of forms of Money are correct?

GLO_CWM_LVL_1 Question 270

Options:
A.

(a) and (b)

B.

(b) and (c)

C.

(a) (b) and (c)

D.

none of the above

Questions 271

Which of the following statements are correct?

GLO_CWM_LVL_1 Question 271

Options:
A.

Only I

B.

Only II

C.

Both I and II

D.

None of them

Questions 272

The economic environment covers following factors..........

Options:
A.

Inflation

B.

Unemployment

C.

Productivity

D.

All the above

Questions 273

What do you mean by deceased to have died intestate?

Options:
A.

Person died with not estate

B.

Receive property from a deceased person

C.

Person dies without a will or a valid will

D.

Person named in the will to carry out the settlement of an estate

Questions 274

As per presumptive income scheme under section 44AE, the presumed income shall be:

Options:
A.

Rs. 3,000 p.m. per goods carriage

B.

Rs. 3,500 p.m. per heavy goods vehicle and Rs. 3,150 p.m. per vehicle other than heavy goods vehicle

C.

Rs. 3,500 p.m. per heavy goods vehicle Rs. 3,150 p.m. for medium goods vehicle and Rs. 2,000 p.m. per light commercial vehicle.

D.

None of These

Questions 275

Under the efficient market hypothesis, which of the following term best describes the movement of stock prices?

Options:
A.

Statistical.

B.

Random.

C.

Diverse.

D.

Predictable.

Questions 276

The CAPM is a model that:

Options:
A.

Determines the geometric return of a security.

B.

Determines time-weighted return

C.

Explain return in terms of risk.

D.

Explains systematic risk

Questions 277

Income received in India in previous year is taxable in the hands of:

Options:
A.

Resident;

B.

Not-resident;

C.

Non ordinarily resident;

D.

All above.

Questions 278

A type of lease where there is no payment schedule and penalty for a set period of lines.

Options:
A.

True lease

B.

Sub lease

C.

Operating lease

D.

Skip lease

Questions 279

The act of contravening the object clause is called as:

Options:
A.

Intra vires act.

B.

Ultra vires act.

C.

Void act.

D.

Actusreus.

Questions 280

Which of the following is the third stage of the economic integration?

Options:
A.

Free Trade Areas

B.

Common Markets

C.

Custom Union

D.

Economic and Monetary Union