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Best Quality AAFM GLO_CWM_LVL_1 Exam Questions
NEW QUESTION 310
Vinod opened the PPF account on 19/11/2000, Calculate the amount he can avail as the first loan facility from the details below?
- A. Rs 17500
- B. Rs 17967
- C. Rs 18103
- D. Rs 19800
Answer: B
NEW QUESTION 311
Where the return of income is filed after the due date specified u/s 139(1):
- A. all deductions under Chapter VIA i.e. 80C to 80U will be allowable
- B. all deductions under Chapter VIA i.e. 80C to 80U will not be allowable
- C. all deductions under Chapter VIA i.e. 80C to 80U except 80-IA will be allowable
- D. all deductions under Chapter VIA i.e. 80C to 80U excepting 80-IA, 80-IAB, 80-IB, 80-IC will be allowable
Answer: C
NEW QUESTION 312
Scholarship received by a student was Rs. 2,000 per month. He spends Rs. 15,000 for meeting the cost of education during the year. The treatment for the balance amount Rs. 9,000 is:
- A. A casual income
- B. Taxable
- C. None of the above
- D. Exempt
Answer: D
NEW QUESTION 313
Sameer owns the following portfolio.
What is Portfolio Beta?
- A. 0.8795
- B. 0.9975
- C. 0.93
- D. 0.1875
Answer: B
NEW QUESTION 314
Derive policy cost per thousand with following data:
- A. 0
- B. 22.75
- C. 12.5
- D. 29.85
Answer: D
NEW QUESTION 315
Which is/are marketable financial products?
- A. KisanVikasPatra
- B. Bank Deposits
- C. Certificate of Deposits
- D. None of the above
Answer: C
NEW QUESTION 316
In ULIP plans, the returns are dependent on in which the investments are done by the insurance company
- A. Foreign exchange rates
- B. Fixed Deposit
- C. Shares
- D. None of the above
Answer: C
NEW QUESTION 317
The Motor Vehicle Insurance Policy has inbuilt cover for death/disability of driver/owner caused by accident during the use of the insured motor vehicle up to Rs. __________ in case of car/commercial vehicle and Rs.
_________ in case of two wheelers.
- A. 4,00,000, 3,00,000
- B. 1,00,000, 50,000
- C. 2,00,000, 1,00,000
- D. 3,00,000, 2,00,000
Answer: C
NEW QUESTION 318
The income of any university or other educational institution existing solely for educational purposes and not for the purposes of profit is exempt under clause (iiiad) of Section 10(23C) if the aggregate annual receipts' of such univer*sity or educational institution do not exceed.
- A. Rs. 10 lakhs
- B. Rs. 10 crores,
- C. Rs.100 crores,
- D. Rs.1 crore,
Answer: D
NEW QUESTION 319
Defined contribution plans put investment and performance risk on
- A. Government
- B. Employee and employer both
- C. Employer
- D. Employee
Answer: D
NEW QUESTION 320
A central bank sale of ________ to purchase ________ in the foreign exchange market results in an equal rise in its international reserves and the monetary base.
- A. domestic currency; domestic assets
- B. foreign assets; foreign currency
- C. foreign assets; domestic currency
- D. domestic currency; foreign assets
Answer: D
NEW QUESTION 321
What is 'Takaful'
- A. Leasing
- B. Safe keeping
- C. Power Attorney
- D. Islamic insurance
Answer: D
NEW QUESTION 322
What is codicil?
- A. A situation where a person dies without a will
- B. Is a document that amends, rather than replaces, a preciously executed will
- C. Legal process of settling of disputes arising out of untimely death
- D. Legal document used to transfer little of real property in the eyes of law
Answer: B
NEW QUESTION 323
The economic environment covers following factors..........
- A. Inflation
- B. Unemployment
- C. Productivity
- D. All the above
Answer: D
NEW QUESTION 324
Trading horizon is ______________
- A. Is calculated as the opportunity lost
- B. None of the above
- C. Is calculated in number of days
- D. Is stated in money terms
Answer: C
NEW QUESTION 325
Wages for the purpose of gratuity payment as per the Act means
- A. Basic par and dearness allowance
- B. Basic Pay
- C. Basic Pay, Dearness Allowance and City compensatory allowance & house rent
- D. Emoluments including all allowances, bonus and commission, etc
Answer: A
NEW QUESTION 326
Hybrid deposit is a type of
- A. Mutual Fund
- B. Term Deposit
- C. None of the above
- D. Demand Deposit
Answer: B
NEW QUESTION 327 
Risk free rate = 6%
Rank the funds based on Jenson Measure in order of best to worst.
- A. CBA
- B. ACB
- C. ABC
- D. BAC
Answer: B
NEW QUESTION 328
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