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Free AAFM GLO_CWM_LVL_1 Practice Exam with Questions & Answers | Set: 3

Questions 41

One should accept a project if NPV is

Options:
A.

Positive

B.

0

C.

Negative

D.

None of the above

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Questions 42

At which of the three stages of money laundering is it generally easiest to detect money laundering activity?

Options:
A.

placement

B.

layering

C.

integration

D.

All of the above

Questions 43

In case of non-resident, who is carrying on shipping business, his Indian income shall be presumed to be:

Options:
A.

5% of certain amount received

B.

7.5% of certain amount received

C.

10% of certain amount received

D.

8.5% of certain amount received

Questions 44

Receipts from TV serial shooting in farm house is __________________

Options:
A.

non agricultural income

B.

Agricultural income

C.

Salary Income

D.

Business Income

Questions 45

SRO stands for

Options:
A.

Supervisor Range Operations

B.

Statutory Regulation Offer

C.

Self Regulatory Organization

D.

Service Request Order

Questions 46

Consider two bonds, X and Y. Both bonds presently are selling at their par value of Rs.1000. Each pays interest of Rs.150 annually. Bond X will mature in 6 years while bond Y will mature in 7 years. If the yields to maturity on the two bonds decrease from 15% to 12%:

Options:
A.

Both bonds will increase in value, but bond X will increase more than bond Y

B.

Both bonds will decrease in value, but bond X will decrease more than bond Y

C.

Both bonds will increase in value, but bond Y will increase more than bond X

D.

Both bonds will decrease in value, but bond Y will decrease more than bond X

Questions 47

Merton’s theory is ___________

Options:
A.

Of continuous time finance

B.

a link from Arrow-Debreu world to real world

C.

about dynamic replication

D.

All of the above

Questions 48

Which of following is not an exclusion under a health policy?

Options:
A.

Pre existing conditions

B.

Accident injury

C.

Elective surgery

D.

Intentional self inflicted injury

Questions 49

Cash credit is treated as out of order if ____________.

Options:
A.

No credits continuously for 90 days

B.

Credits not adequate to cover interest for 90 days

C.

Either of the above

D.

None of the above

Questions 50

Which of the following is not a key issue in retirement planning?

Options:
A.

Normal Retirement

B.

Early Retirement and Delayed Retirement

C.

Taxation on Retirement benefit

D.

Last drawn salary

Questions 51

Criminals use ______ to camouflage money flow from criminal activities and pass it off as regular legal money flows.

Options:
A.

Money Laundering

B.

Smuggling

C.

Drug Trafficking

D.

Pay Pal

Questions 52

Which one of the following Provisions of the Transfer of Property Act relates to ’usufructuary mortgage’

Options:
A.

Section 58 (a)

B.

Section 58 (b)

C.

Section 58 (d)

D.

Section 58 (e)

Questions 53

AUM stands for

Options:
A.

Asset Utilization Model

B.

Asset Under Management

C.

Area Under Management

D.

None of the above

Questions 54

Risk is

Options:
A.

A peril

B.

A hazard

C.

A probability of loss

D.

A certain outcome

Questions 55

Risk that can be eliminated through diversification is called ______ risk.

Options:
A.

Unique

B.

Firm-specific

C.

Diversifiable

D.

All of the above

Questions 56

Minimum number of investors in a scheme should be

Options:
A.

10

B.

15

C.

20

D.

25

Questions 57

Possession of the mortgaged property is not delivered to the mortgage in ……………

Options:
A.

Equitable mortgage

B.

Balloon mortgage

C.

Simple mortgage

D.

None of the above

Questions 58

A mortgage where the mortgagor delivers possession and binds himself to deliver possession of the mortgaged property to the mortgagee is called?

Options:
A.

English Mortgage

B.

Reverse Mortgage

C.

Usufructuary Mortgage

D.

Mortgage by conditional sale

Questions 59

The data gathering is done by which of the following instruments given below?

Options:
A.

Questionnaire

B.

Interview

C.

Client records

D.

All of the above

Questions 60

Forward contracts are

Options:
A.

Standardized

B.

Traded on exchange

C.

Customized

D.

None of the above

Exam Code: GLO_CWM_LVL_1
Certification Provider: AAFM
Exam Name: Chartered Wealth Manager (CWM) Global Examination
Last Update: Jul 15, 2025
Questions: 1057

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