AAFM GLO_CWM_LVL_1 Exam Questions Instant Access

Question 1

Which of the following is an aspect of the first principle underlying Supervisory Review Process in Basel framework?

ABanks should have a process for assessing their overall capital adequacy in relation to their risk profile.

BBanks should have a strategy to maintain their capital level.

CBoth of the above.

DNone of the above. The act does not define a banking company.

Answer : C

Question 2

Given the following data, which one of the options will be monthly premium installment?

Rebate for large sum assured

Upto Rs. 24,999/- No rebate

From Rs. 25,000/- to 49,999/- @ Re 1 per thousand SA

From Rs. 50,000 and above @ Rs. 2 per thousand SA

ARs. 6,524/-

BRs. 6,512/-

CRs. 6,485/-

DRs. 6,501/-

Answer : D

Question 3

A UHNW segment client has investible assets worth of

A$20,000,000

B$50,000,000

C$75,000,000

D$100,000,000

Answer : A

Question 4

"This is the "crowding out" theory: Increased government borrowing crowds household and business investment out of limited savings, driving up _______, but not raising total demand." Fill in the blank.

Ataxes

Binflation

Cinterest rates

Demployment

Answer : C

Question 5

A budget deficit leads to a shortfall in domestic savings relative to investment because

Asaving falls because the interest rate falls

Bsavers buy government bonds instead of private bonds

Csaving falls because of concern about the size of the deficit

Dinvestment falls because of concern about the size of the deficit

Answer : B

Question 6

Long term interest rate is equal to .......

AReal rate of interest + expected average inflation rate.

BAnnual return + expected inflation rate.

CAverage Returns + expected inflation rate.

DNone of the above

Answer : A

Question 7

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

ABoth (i) & (ii) are correct

BOnly i is correct

COnly ii is correct

DBoth (i) & (ii) are incorrect

Answer : A

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