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AAFM GLO_CWM_LVL_1 Exam - Topic 5 Question 104 Discussion

Alok a 28 years old person has joined SABH on 1/07/2006. His monthly salary (net salary) after deduction is payable Rs. 22500/. His monthly expenses details are as follows:Assume Alok takes a flat on rent from 01 /07/2006. On 01 /07/2006 he has cash in hand Rs. 1450/-. He starts paying insurance premium from October @ Rs. 2500/- pm. His investments in Mutual fund SIP are Rs. 3000/- pm for a 6 month period. What will be his cash in hand on 31/03/2007.?
C) Rs.69070/-
A) Rs.72150/-
B) Rs.83150/
D) None of the above

AAFM GLO_CWM_LVL_1 Exam - Topic 5 Question 104 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 104
Topic #: 5
[All GLO_CWM_LVL_1 Questions]

Alok a 28 years old person has joined SABH on 1/07/2006. His monthly salary (net salary) after deduction is payable Rs. 22500/. His monthly expenses details are as follows:

Assume Alok takes a flat on rent from 01 /07/2006. On 01 /07/2006 he has cash in hand Rs. 1450/-. He starts paying insurance premium from October @ Rs. 2500/- pm. His investments in Mutual fund SIP are Rs. 3000/- pm for a 6 month period. What will be his cash in hand on 31/03/2007.?

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Suggested Answer: C

by Hubert at Jun 12, 2025, 04:21 AM

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Carlee
6 months ago
I doubt he can save much with those expenses.
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Stephaine
6 months ago
Wait, did he really invest Rs. 3000/month for only 6 months?
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Brice
6 months ago
Sounds about right for a 28-year-old in 2006!
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Arlette
6 months ago
Definitely, those expenses add up fast!
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Hannah
7 months ago
Alok's net salary is Rs. 22500/month.
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Johnna
7 months ago
I think I need to double-check the total expenses for each month to get the right cash in hand by March.
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Polly
7 months ago
I’m a bit confused about the timing of the insurance payments and how they affect the cash flow.
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Devorah
7 months ago
This question seems similar to one we practiced about budgeting and cash flow. I think I can figure it out.
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Galen
8 months ago
I remember calculating net savings after expenses, but I'm not sure if I included all the monthly costs correctly.
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Kina
8 months ago
This is a tricky one. There are a lot of moving parts, and I'm not totally sure I understand how to properly account for the insurance premium and mutual fund investments. I might need to review those concepts before attempting to solve the problem.
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Peter
8 months ago
Okay, let me break this down step-by-step. First, I'll calculate Alok's total income over the 9 months. Then I'll subtract his rent, utilities, and other expenses. Finally, I'll factor in the insurance premium and mutual fund investments. I think I can solve this if I stay organized.
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Andrew
8 months ago
Hmm, there are a lot of details to keep track of here. I'll need to be careful to account for all the different expenses and investments Alok has. I'm a bit worried I might miss something.
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Hyman
8 months ago
This looks like a straightforward financial calculation problem. I'll need to track Alok's income, expenses, and investments over the 9-month period to determine his cash in hand at the end.
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Dominic
11 months ago
I'm not sure, but I think the answer might be C) Rs.69070/-
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Brandee
11 months ago
I agree with Dyan, because Alok's expenses are accounted for in the question.
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Dyan
11 months ago
I think the answer is A) Rs.72150/-
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Pamella
11 months ago
Haha, I bet the answer is going to be something ridiculous, like Rs. 420.69 or something. These exam questions can be so random sometimes.
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Leonard
10 months ago
A: Let's see, maybe it's C) Rs.69070/-
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Robt
11 months ago
B: No way, I believe it's A) Rs.72150/-
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Noble
11 months ago
A: I think the answer is B) Rs.83150/
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Suzan
12 months ago
Alright, time to put my math skills to the test. Wait, is that a trick question? Better read this carefully.
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Scarlet
11 months ago
User 2
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Tish
11 months ago
User 1
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Malinda
12 months ago
Hmm, let's see... Alok's expenses, investments, and net salary. Yep, I think I've got this. Time to crunch the numbers!
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Irving
12 months ago
This seems like a pretty straightforward calculation, but I'd better double-check my work. Where's my calculator?
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Bobbye
10 months ago
After considering all the details, the answer should be B) Rs.83150/
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Bulah
11 months ago
That's correct. We should also consider his investments and insurance premium payments.
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Kristel
11 months ago
I think we need to calculate his total income and subtract his expenses to find out his cash in hand.
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Reena
12 months ago
Don't worry, I can help you with the calculation. Let's figure this out together.
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