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Chartered Wealth Manager (CWM) Global Examination

Last Update 19 hours ago Total Questions : 1057

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Question # 161

When Government spends more than what it earns, the difference is called...............

A.

Monetary Deficit

B.

Revenue Deficit

C.

Budget Deficit

D.

Revenue Receipt

Question # 162

Post office term deposit can be opened for 10 years

A.

TRUE

B.

FALSE

Question # 163

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

A.

Equitable mortgage

B.

Balloon mortgage

C.

Simple mortgage

D.

None of the above

Question # 164

Determinants of real estate value are

A.

Demand

B.

Supply

C.

The property

D.

All of the above

Question # 165

A kind of lease in business organisations wherein the lesssor and lessee agree to a payment schedule (normally some months) have no payment and penalty

A.

Sub-lease

B.

Pre-Paid Purchase Lease

C.

Skip Lease

D.

True Lease

Question # 166

Which of the following options is not true about CODICIL?

A.

It must be signed by the testator

B.

It must be attested by two witnesses

C.

It is an instrument made in relation to a will

D.

An instrument made by family members of the testator

Question # 167

In …………………without delivery possession of the mortgaged property, there mortgager binds himself personally to pay the mortgage money

A.

Usufructuary mortgage

B.

Simple mortgage

C.

English mortgage

D.

Anomalous mortgage

Question # 168

Deduction u/s 80U in case of permanent physical disability (including blindness) allowed to:

A.

an individual who is citizen of India

B.

an individual who is resident in India

C.

any individual assessed

D.

None of These

Question # 169

Tushar owns a piece of land situated in Patna (Date of acquisition: March 1, 1983, Cost of acquisition Rs. 20,000/- value adopted by Stamp duty authority at the time of purchase Rs. 45,000/-) On March 30, 2012 the piece of land is transferred for 4 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is 5.60 lakh. And X does not challenges it under the Stamp Act. However, he claims before the Assessing Officer that Rs. 5.60 lakh is more than the fair market value of the land. The assessing Officer refers it to the valuation Officer who determines Rs. 6.10 lakh as fair market value. [CII-12-13: 852,11-12: 785,10-11:711]

A.

Rs. 4,05,963/-

B.

Rs. 3,45,963/-

C.

Rs. 3,80,963/-

D.

Rs. 4,15,963/-

Question # 170

To check inflation, RBI should:

A.

Raise the SLR

B.

Sell govt. securities

C.

Raise CRR

D.

All the above

Question # 171

Encashment of leave during service tenure is

A.

Taxable

B.

Tax free

C.

Taxable only if more than the notified exemption

D.

Tax free up to 50% of the notified amount

Question # 172

Which of the following statement is true in relation to life expectancy?

A.

I,II and IV

B.

I ,II and III

C.

I,III and IV

D.

All of these

Question # 173

Purpose of budget is ____________

A.

Spend money wisely

B.

Reach financial goals

C.

Prepare for financial emergencies

D.

All of the above

Question # 174

Which of the following statement is true?

A.

A bond with a balloon payment cannot not have a sinking fund

B.

Calculation of the returns earned on a high-yield security should include the sale price of the bond as well as interest received.

C.

A firm may not repurchase bonds at a discount.

D.

A diversified portfolio of high-yield securities may be achieved with ten or fewer bonds.

Question # 175

Girish is 25 years old and plans to retire at 60. His life expectancy is 75 years. Mr. Binoy his CWM® estimates that his client will require Rs. 45,000 in the first month after retirement. Inflation rate is 5% p.a. and the rate of return is 7% p.a. How much she should save every year in order to achieve her post retirement needs?

A.

Rs. 61,193/-

B.

Rs. 65,384/-

C.

Rs. 50,932/-

D.

Rs. 62,359/-

Question # 176

Dinesh is entitled to a basic salary of Rs. 5,000 p.m. and dearness allowance of “Rs. 1,000 per month, 40% of which forms the part of the retirement benefits. He is also entitled to HRA of Rs. 2,000 p.m. He actually pays Rs. 2,000 p.m. as rent for a house in Delhi. Compute the taxable HRA

A.

Rs. 17,520

B.

Rs. 32,400

C.

Rs. 18,000

D.

Rs. 24,000

Question # 177

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

A.

2 in case of public co and 7 in case of private.

B.

2 in case of private co and 7 in case of public ltd.

C.

1 in case of both private and public ltd.

D.

7 in case of both public ltd and in case of private.

Question # 178

Fine in case of cheque bouncing can go up to _________.

A.

twice the cheque amount

B.

cheque amount

C.

thrice the cheque amount

D.

Rs. 5 lakh

Question # 179

There are two parties to Power of Attorney, namely, Donor and Donee.

A.

Both (i) & (ii) are correct

B.

Only i is correct

C.

Only ii is correct

D.

Both (i) & (ii) are incorrect

Question # 180

The share of a certain stock paid a dividend of Rs.10.00 last year. The dividend is expected to grow at a constant rate of 15 percent in the future. The required rate of return on this stock is considered to be 18 percent. How much should this stock sell for now? Assuming that the expected growth rate and required rate of return remain the same, at what price should the stock sell 4 years hence?

A.

Rs. 395.68, Rs. 690.25

B.

Rs. 383.33, Rs. 670.45

C.

Rs. 407.54, Rs. 712.38

D.

Rs. 435.85, Rs. 744.64

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