GLO_CWM_LVL_1 AAFM Chartered Wealth Manager (CWM) Global Examination exact Exam Questions

Chartered Wealth Manager (CWM) Global Examination

Last Update 19 hours ago Total Questions : 1057

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Question # 281

An employee benefit plan can generally help in accomplishing all of the following items except:

Meet a need that cannot otherwise be met (such as providing for the cost of a serious illness)

Provide unique tax benefits (such as funding a qualified retirement plan without current taxation of the plan contributions to the employee)

Eliminate underwriting requirements on any personally purchased life insurance

Encourage the employee to remain with the employer

Question # 282

During last five years, Mr. Saxena owned securities that gave the following annual rate of return:

Which is the preferable security as per Geometric mean annual rate of return?

Security A

Security B

Both are equally preferable

None of the above

Question # 283

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

I only

I and II only

III and IV only

II and IV only

Question # 284

Which of the following statement is true?

Statement I is true.

Statement II is true.

Statement III is true.

Statement III is wrong.

Question # 285

Which one of the above statements is/are correct?

(i) only

(ii) only

Both are correct

Both are incorrect

Question # 286

Which of the following statement best describes the Cash Flow Planning Process?

It is the process of marking the major future expenditures (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame.

It is the process of marking the major present expenditures and making planned investments so that the required amount may or may not be accumulated within the required time frame.

It is the process of marking the major future expenditures (only short-term) and making planned investments.

It is a budget for expenses and income.

Question # 287

PPF is a

Mandatory program for every employee

Mandatory for every Income Tax assessed

Self directed retirement program

None of the above

Question # 288

Actual Loss ratio is

(Actual Loss + Loss Adjustment Expenses)/ Earned Premium

(Actual Loss - Loss Adjustment Expenses)/ Earned Premium

(Actual Loss + Loss Adjustment Expenses)/ Number of exposure units

(Actual Loss - Loss Adjustment Expenses)/ Number of exposure units

Question # 289

What an employee should check in his retirement benefit plan offered by the employer?

His vesting rights

His retirement age

His contributory obligations

All of the above

Question # 290

If a stock GHI ltd pays an annual dividend of Rs. 5 and plans to follow this policy for ever, then what would be the ate of return that investor would realize given the current market price of stock is 100

20%

80%

10%

Question # 291

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

6250

6000

4167

4000

Question # 292

Spread is defined as ___________________.

Difference in price between two futures contracts on different commodity for two different maturity dates

Difference in price between two futures contracts on the same commodity for two different maturity dates

Difference in price between two futures contracts on different commodity for two same maturity dates

None of the above

Question # 293

Which one of the following is/are correct?

(I) only

(ii) only

Both are correct

Both are incorrect

Question # 294

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

Both Statements A & C are correct.

Both Statements B & C are correct.

Statement B is correct.

Statement C is correct.

Question # 295

Which of the following transaction /transactions is/are an example of the Layering Stage of Money Laundering?

Only b

b, c and d

a b and c

b and d

Question # 296

Which of the following statements is/are False

Only (i)

Only (ii)

Both

None of the above

Question # 297

Under a Personal Accident policy Mr. Ajay has taken, what percentage of sum assured he can get if he losses his one eye and one limb in an accident and under which type of benefit?

100% in PTD

50% in PPD

100% in TTD

50% in PPD