Dec-2021 AAFM CWM_LEVEL_2 Actual Questions and Braindumps
CWM_LEVEL_2 Dumps To Pass AAFM Exam in 24 Hours - Pass4training
NEW QUESTION 220
Section B (2 Mark)
Which of the following statements is / are correct?
- A. I, III and IV
- B. I, II and III
- C. All of the above
- D. II, III and IV
Answer: C
NEW QUESTION 221
Section B (2 Mark)
There are two parties to Power of Attorney, namely, Donor and Donee.
- A. Both (i) & (ii) are incorrect
- B. Only ii is correct
- C. Both (i) & (ii) are correct
- D. Only i is correct
Answer: C
NEW QUESTION 222
Section A (1 Mark)
Expenditure incurred by an employer on medical treatment and stay abroad of the employee shall not be taxed in the case of ___________.
- A. an employee whose income under the head "Salaries" exclusive of all monetary perquisites does not exceed Rs. 2 lakhs.
- B. all employees irrespective of their amount of gross total income/the amount of income under the head
"Salaries". - C. an employee whose income under the head "Salaries" exclusive of allnon-monetary perquisites does not exceed Rs. 2 lakhs.
- D. an employee whose gross total income before including the said expenditure does not exceed Rs. 2 lakhs.
Answer: D
NEW QUESTION 223
Section C (4 Mark)
The returns of 2 shares are as follows
Calculate the covariance of returns.
- A. 270.36
- B. 220.32
- C. 162.08
- D. -420.11
Answer: C
NEW QUESTION 224
Section A (1 Mark)
An individual is said to be a resident in India in the previous year (in which the Feb month has 29 days) if he is in India in that year for a period of ______days or more.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 225
Section B (2 Mark)
You purchased one XYZ March 50 call and sold one XYZ March 55 call. Your strategy is known as
- A. A long straddle.
- B. A horizontal spread.
- C. A short straddle.
- D. A vertical spread.
Answer: D
NEW QUESTION 226
Section B (2 Mark)
Under the Workmen Compensation Policy, when the employment injury results in death, the insurance company pays 40 % of the monthly wages of the deceased multiplied by the relevant factor or Rs. _________ whichever is more.
- A. Rs. 20,000/-
- B. Rs. 25,000/-
- C. Rs. 1,00,000/-
- D. Rs. 50,000/-
Answer: A
NEW QUESTION 227
Section A (1 Mark)
Which of the following is true regarding credit card loans?
- A. All of the above are true
- B. Credit cards cannot act as installment loans
- C. There is evidence that considerable economies of scale exist
- D. Credit cards are very inflexible for consumers
Answer: C
NEW QUESTION 228
Section B (2 Mark)
Withholding Tax Rates for payments made to Non-Residents are determined by the Finance Act passed by the Parliament for various years. The current rates for Royalities are:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 229
Section B (2 Mark)
Profitability Index is
- A. None of the above
- B. Present value of future cash flows / future value of initial investment
- C. Future value of cash flows / present value of initial investment
- D. Present value of future cash flows / present value of initial investment
Answer: D
NEW QUESTION 230
Section B (2 Mark)
X Ltd. has given a dividend of Rs. 3 per share last year. The company is growing at a constant rate of 5 % every year and the investor's required rate at this share is 12 % per annum. Find out the Intrinsic value of this share.
- A. Rs.54
- B. Rs.34
- C. Rs.38
- D. Rs.45
Answer: D
NEW QUESTION 231
Section A (1 Mark)
General Insurance business was established in India in
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 232
Section C (4 Mark)
Read the senario and answer to the question.
Nimita had invested Rs. 3 lakh on 2nd May 2004 in an Equity MF when the NAV was Rs. 12.58 per unit she opted for divided payout option and received dividends paid by the scheme at 12% each on 18th Aug 2004,
20th Nov 2005, 15th Apr 2007 and on 16th Jun 2008, the dividend cum NAV per unit was Rs. 12.95, Rs.
13.05, Rs. 13.99, and Rs. 14.68 and the latest NAV of the fund is Rs. 16.68 per unit. Nimita wants to know the rate of return she got on this investment. The same is ________. (Please ignore charges and taxes if applicable)
- A. 11.48% p.a.
- B. 4.88% p.a.
- C. -10.78% p.a.
- D. 12.36% p.a.
Answer: A
NEW QUESTION 233
Section A (1 Mark)
Division of the market into groups based on variables such as age, gender, size, income, occupation, education, religion, race and nationality comes under which of the following market segmentation?
- A. Demographic segmentation
- B. Geographic segmentation
- C. Time segmentation
- D. Psychographics segmentation
Answer: A
NEW QUESTION 234
Section A (1 Mark)
Land plus anything permanently fixed on it, including building, sheds and other items attached to the structure refers to _____.
- A. Any of the above
- B. Real Estate
- C. Real Estate investment
- D. Property Trust
Answer: B
NEW QUESTION 235
Section A (1 Mark)
Premium under endowment plans equals
- A. risk premium plus savings element plus expenses
- B. risk premium plus saving element
- C. none of these
- D. risk premium plus expenses
Answer: A
NEW QUESTION 236
Section A (1 Mark)
Which of the following is/are the challenges of Private Banking?
- A. I, II and III
- B. I, II and IV
- C. All of Them
- D. I,III and IV
Answer: C
NEW QUESTION 237
Section C (4 Mark)
Read the senario and answer to the question.
In order to provide for Medical Education Expenses of Navneet he will be transferring whole of Equity share portfolio to Debt MF. And for Yogita's PG degree he is ready to use his Equity MF portfolio. Balance to be met by SIP in equity MF. Starting from today. You are required to guide Keshav whether he will be able to meet Navneet's Education Expand what is the surplus or deficit in Debt MF (today value). And what should be the SIP amount for Yogita's Education goal?
- A. No,23629 Deficit and 19451
- B. Yes,23629 Surplus and 19282
- C. No, 113685 Deficit and 19005
- D. Yes, 113685 surplus and 18816
Answer: B
NEW QUESTION 238
Section A (1 Mark)
One aspect of the tax considerations in asset allocation is that
- A. Taxes on capital gains are deferred until the gain is realized.
- B. Capital gains are often taxed at a higher rate than income.
- C. Current income is seldom a significant consideration for an investor in the spending phase of the life cycle.
- D. Investors are exempt from taxes on capital gains once they reach age 65.
Answer: A
NEW QUESTION 239
Section A (1 Mark)
The steps to establishing an investment policy are to state the
- A. SEBI guidelines for prudent man investing.
- B. Asset allocation parameters and time horizons.
- C. Objectives and constraints and preferences.
- D. Minimum investment and maximum fees.
Answer: C
NEW QUESTION 240
Section A (1 Mark)
Real Estate market in India is __________
- A. Unorganized
- B. Offers homogeneous product
- C. Highly Organized
- D. Is free from government control
Answer: A
NEW QUESTION 241
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