AAFM GLO_CWM_LVL_1 Exam Questions Instant Access

Question 1

HNWI stands for

AHigh Non Work Individuals

BHigh Net Worth Individuals

CHigh Net Worth Industries

DNone of the above

Answer : B

Question 2

An HUF consisted of a father, who is a widower, his three sons and a daughter. On death of the father what will the share of each of his sons?

AOne fourth plus one sixteenth of HUF property

BOne sixteenth of HUF property

COne third of HUF property

DOne fourth of HUF property

Answer : D

Question 3

''Early accumulation'' life stage is normally during ______

A12- 19 years

BOur 20s

C30-40

DRetirement years

Answer : C

Question 4

Rate of interest in post office MIS is

A6.50%

B7.50%

C8.50%

D9.50%

Answer : C

Question 5

For a ''single income family'' priority is on

AProtecting income via a term plan

BInvesting in commodities to grow wealth

CInvesting in Mutual Funds to grow wealth

DNone of the above

Answer : A

Question 6

Consider two bonds, X and Y. Both bonds presently are selling at their par value of Rs.1000. Each pays interest of Rs.150 annually. Bond X will mature in 6 years while bond Y will mature in 7 years. If the yields to maturity on the two bonds decrease from 15% to 12%:

ABoth bonds will increase in value, but bond X will increase more than bond Y

BBoth bonds will decrease in value, but bond X will decrease more than bond Y

CBoth bonds will increase in value, but bond Y will increase more than bond X

DBoth bonds will decrease in value, but bond Y will decrease more than bond X

Answer : C

Question 7

Calculate Pure Premium, if Risk premium is Rs. 5,000 and Rate of interest is 7 %?

ARs. 4672

BRs. 4600

CRs. 4800

DRs. 4645

Answer : A

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