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Free AAFM GLO_CWM_LVL_1 Practice Exam with Questions & Answers | Set: 16

Questions 301

The Capital Asset Pricing Model:

Options:
A.

Has serious flaws because of its complexity.

B.

Measures relevant risk of a security and shows the relationship between risk and expected return.

C.

Was developed by Markowitz in the 1930s.

D.

Discounts almost all of the Markowitz portfolio theory.

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Questions 302

The Basel Committee has defined gross income as net interest income and plus net non-interest income and has allowed each relevant national supervisor to define gross income in accordance with the prevailing accounting practices. Accordingly the Reserve Bank of India in the draft guidelines issued on 11.03.2005 for implementation of the new capital adequacy framework has modified the Gross Income definition slightly. The Net Interest Income has been replaced by

Options:
A.

Net Profit

B.

Operating Profit

C.

No Changes made

D.

Interest Expended

Questions 303

Which of the following feature differentiates a commodity futures contract from a financial futures contract?

Options:
A.

Exchange traded product

B.

Standardized contract

C.

MTM settlement

D.

Varying quality of underlying asset

Questions 304

For making a personal financial statement for a client, the optimum cash levels would be

Options:
A.

2-3 months of cash requirement

B.

4-6 months of cash requirement

C.

6-9 months of cash requirement

D.

1 year of cash requirement

Questions 305

Pure premium and Loss Ratio methods are two methods to determine

Options:
A.

Judgement Rated premium

B.

Class rated premium

C.

Merit rated premium

D.

None of the above

Questions 306

Indian Inherihence Law permits a married woman to acquire jewellery to worth of?

Options:
A.

Rs 400000

B.

Rs 500000

C.

Rs 300000

D.

Rs 600000

Questions 307

Family Offices provide _____________

Options:
A.

Specialist advice and planning

B.

Investment Management

C.

Administration

D.

All of the above

Questions 308

Risk can be

Options:
A.

Financial

B.

Non-Financial

C.

Both of the above

D.

None of the above

Questions 309

Minimum number of independent directors on the board of Asset Management Company is

Options:
A.

50%

B.

60%

C.

75%

D.

66.67%

Questions 310

General Insurance business was established in India in

Options:
A.

1818

B.

1938

C.

1912

D.

1850

Questions 311

BCSBI Stands for

Options:
A.

Banking Codes and Standard Board of India

B.

Banking Credit and Standard Board of India

C.

Banking Codes and Service Board of India

D.

Banking Credit and Service Board of India

Questions 312

What is the time limit for re-assessment made u/s 17

Options:
A.

One Year

B.

Two years

C.

Five years

D.

No time limit

Questions 313

Which of the following statement(s) is /are true about financial risk?

GLO_CWM_LVL_1 Question 313

Options:
A.

I and II

B.

II and III

C.

I and III

D.

All of the above

Questions 314

Deduction under section 80-IC is allowed to the extent of:

Options:
A.

100% of profits and gains for ten assessment years

B.

100% of profits and gains for ten assessment years in case of any undertaking or enterprise in the States of Sikkim or North Eastern Region and 50% in case of undertaking in Uttaranchal and Himachal Pradesh

C.

100% of profits and gains for ten assessment years in case of an undertaking or enterprise in the States of Sikkim or North Eastern States and 100% of profits and gains for the first 5 assessment years and 25% (30% in case of companies) for next 5 assessment years.

D.

None of These

Questions 315

Urban land means land situated within the jurisdiction of local authority which has a population of not less than …………………. as per last ensure

Options:
A.

500

B.

1000

C.

5000

D.

10000

Questions 316

The length of the insurance industry’s business cycle is shortened because of

Options:
A.

Regulatory provisions

B.

High specialization

C.

Easy entry and exit conditions

D.

None of these

Questions 317

If an investor is bearish on a share, buying a put is usually better then selling short because:

Options:
A.

The holder’s losses can be no more that the put premium if the share price rises, but the short seller’s losses could be significant in this situation.

B.

The short sale will become worthless after a short period of time put will not become worthless.

C.

The short seller must pay any dividends received on security, the short seller borrowed.

D.

A and C

Exam Code: GLO_CWM_LVL_1
Certification Provider: AAFM
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Jul 11, 2025
Questions: 1057

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