Free AAFM GLO_CWM_LVL_1 Practice Exam with Questions & Answers | Set: 6

What is a contract?

How many registered offices can a company have ?

Which of the following is not correct in relation to ETFs?

Wages for the purpose of gratuity payment as per the Act means

Which of the following are not the sources of Law?

Suppose X and Y are Father and Son respectively ,so when Y was a minor X advanced Rs 10,000 to him.

After Y becoming major X obtains a bond for Rs 20000 ,which is much larger than the original amount due from Y,by using his parental influence.The contract stands voidable because the consent is caused by:

Which of the following taxes are allowed as deduction while computing the business income?

Amount of liability of payment of gratuity is calculated at the rate of

Ramesh has invested Rs. 70,000, 30% of which is invested in Company A, which has an expected rate of return of 15%, and 70% of which is invested in Company B, with an expected return of 12%. What is the expected percentage rate of return?

Portfolio A had a return of 12% in the previous year, while the market had an average return of 10%. The standard deviation of the portfolio was calculated to be 20%, while the standard deviation of the market was 15% over the same time period. If the correlation between the portfolio and the market is 0.8, what is the Beta of the portfolio A?

Which of the following are investment intermediaries?

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.

What is the minimum number of persons who must subscribe to the memorandum of association?

A trust is created by a son, the Settlor, for the survival expenses of his retired parents each having equal beneficial interest. Both husband and wife have separate fixed pension of Rs.35,000 per month and Rs. 20,000 per month, respectively. The trust property has generated a net annual value of Rs. 5.12 lakh in the previous year 2012-13. The trustee as well as the Settlor is in the 30% tax bracket. Find the tax payable by the trustee as representative assessee.

Broadly, world over the minimum investable assets for MULTI FAMILY OFFICE SEGMENT is :

Find out the effective quarterly rate for 18% per annum compounded half yearly.

In straight line method

A doctor has taken a professional indemnity Policy on 01/06/2003 and has been continuously renewing it. In August, 2006 he operated on an infant child. But that operation failed. The parent of child filed a law suit against doctor in Sept, 2006. Which of the following statement is true in respect of the claim?

You buy a new computer for your business costing approximately Rs. 5,000. You expect a salvage value of Rs. 1000 selling parts when you dispose of it. Your business has upgraded its hardware every four years, so you think this is a more realistic estimate of useful life, since you are apt to dispose of the computer at that time. Calculate the amount of depreciation using straight line method?

A maximum of _____% of the issue would be allotted to one single QIB