AAFM GLO_CWM_LVL_1 Exam Questions Instant Access

Question 1

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

A10.47%, 10.38%, 10.25%

B10.45%, 10.40%, 10.23%

C10.42%, 10.38%,10.25%

D10.47%, 10.36%, 10.25%

Answer : A

Question 2

The facility of mini-statement is available to customers __________

A24 x 7, at all times

BOnly on working days of the branch

COnly during working hours of the branch where the customer maintains his a/c.

DAt all times when the server is up at the branch maintaining the customer's account

Answer : B

Question 3

Compute Gross Total income and amount of loss allowed to be carried forward to next year:

ANil, Rs. 10,000/-

BRs. 10,000/- Rs. 40,000

CNil Nil

DRs. 10,000/- Rs. 10,000/-

Answer : A

Question 4

Duration of National Savings Certificate is

A5 years

B6 years

C7 years

D10 years

Answer : B

Question 5

Which of the following is true with regard to wealth planner's liability?

AA disclaimer removes all liability

BA principal advisor is responsible for actions of representative

CAdvice is distinguishable from a recommendation

DAn advisor may not be held liable for failure to predict economic changes

Answer : D

Question 6

The subscription paid into PPF account enjoys the tax benefit under

ASec 80D

BSec 10

CSec 80C

DSec 80G

Answer : C

Question 7

Assessing client's level of risk tolerance is done while

AMaking a wealth plan

BReviewing a wealth plan

CBoth of above

DNone of the above

Answer : C

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