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 # 301

Which one of the following is/are correct?

(i) only

(iii) only

(i), (ii), (iii)

None is correct

Question # 302

What is the effective rate of interest for 10% compounded monthly, quarterly, semi-annually?

10.47%, 10.38%, 10.25%

10.45%, 10.40%, 10.23%

10.42%, 10.38%,10.25%

10.47%, 10.36%, 10.25%

Question # 303

Which of the following statement is false?

Statement I is wrong

Statement II is wrong

Statement III is wrong

Statement IV is wrong

Question # 304

The basic principles of Islamic Finance are…..

Interest, either for the borrower or the lender, is forbidden.

The lender shares in the profits and the losses made by any enterprise it lends money to

Excessive uncertainty, risk and speculation are forbidden

All of the above

Question # 305

Rajesh needs Rs 1,00,000/- for his son’s college fees after 4 years time. What amount shall he invest today for 4 years, so that it becomes Rs. 1,00,000 at maturity if ROI is @ 8% per annum, compounded Half yearly?

73069.02

75412.14

77458.25

69478.45

Question # 306

Defined contribution plans put investment and performance risk on

Employee

Employer

Employee and employer both

Government

Question # 307

" To be sure to receive same day credit on a Saturday, NEFT instruction has to be given by _______. "

11:30 AM

11:00 AM

12 Noon

12:30 PM

Question # 308

Consideration ' under the law is a return promise to:

(I), (II), and (III) only

(I), (II), and (IV) only

(I), (III), and (IV) only

(II), (III), and (IV) only

Question # 309

Which one of the above statements is/are incorrect?

(i) only

(ii) only

Both

None of the above

Question # 310

Which of the following statements is/are correct?

Statement A is correct

Statement B is correct

Both statements are correct

Both statements are false

Question # 311

Mr. Dinesh is aged 35 years and has a wife aged 30 years old and two small children. His parents are also dependent on him and has a house against which he has taken a housing loan. What is the most important insurance cover required by him at this stage?

Income Protection Cover and Life Insurance Cover

Life Insurance Cover and Mortgage Cover

Accident policy Cover and Critical Illness cover

Child education Cover

Question # 312

An investment required an initial cash outlay of Rs. 15,000/- and yield cash flows over the next 5 years. The cash flows generated are:

You are required to calculate the payback period:

3 Years

3.5 Years

4 Years

4.5 Years

Question # 313

Which of the following Mutual Funds was not set up within the Phase 2: 1987-1993 ?

Canbank Mutual Fund

Kothari Pioneer Mutual Fund

SBI Mutual Fund

LIC Mutual Fund

Question # 314

A mutual fund that invests in Indian Equities, foreign equities, Indian Corporate Bonds, Indian Government Gilts is subject to the following risks?

(a) & (c) only

(a), (iii) & (iv) only

(iii) & (iv) only

(a), (ii), (iii) & (iv)

Question # 315

A bond with a face value of Rs. 1000, returns Rs. 80 in year 1, Rs. 80 in year 2 and Rs. 1080 in year 3. What is the duration of the bond in years?

2.6

2.8

2.4

2.2

Question # 316

If after the partition of an HUF 2 members became partners in 3 firms on behalf of their respective HUFs and they also become partners in a fourth firm. The funds were obtained by means of loans from the other 3 firms. The share incomes of the members from the fourth firm were assessable as their individual income only.

TRUE

FALSE