Free AAFM GLO_CWM_LVL_1 Exam Dumps and GLO_CWM_LVL_1 Exam Questions

Question No: 11

MultipleChoice

Which one of the following Sections of the Transfer of Property Act defines ''Transfer of Property''?

Options

ASection3

BSection4

CSection 5

DSection 6

Question No: 12

MultipleChoice

"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.

Options

Ataxes

Binflation

Cinterest rates

Demployment

Question No: 13

MultipleChoice

During ''Building the foundation'' life stage, we learn about _______

Options

ABudgeting

BFive Fundamental of Fiscal Fitness

CThree Fundamental of Fiscal Fitness

DSeven Fundamental of Fiscal Fitness

Question No: 14

MultipleChoice

"When a customer deposits cheque with a bank for clearing, the customer becomes a _______."

Options

ADebtor

BPrincipal

CCreditor

DAgent

Question No: 15

MultipleChoice

During ''Teen age years'' life stage, typical asset allocation should be

Options

A25% equities, rest in fixed income instruments

B50% equities, rest in fixed income instruments

C75% equities, rest in fixed income instruments

DNone of the above

Question No: 16

MultipleChoice

A country has an ''absolute advantage'' in two products with respect to another country. Can it gain by trading with the other country?

Options

ANo

BYes, if the other country has comparative advantage in one particular product

CYes, under all circumstances

DNone of the above

Question No: 17

MultipleChoice

In a ''Pure Play'' model of wealth management

Options

AWealth Management is viewed as the core business of the firm

BWealth Management and investment banking are the core business of the bank

CFocus is on wide array of products of which private banking is one

DNone of the above

Question No: 18

MultipleChoice

"To be sure to receive same day credit on a Saturday, NEFT instruction has to be given by _______."

Options

A11:30 AM

B11:00 AM

C12 Noon

D12:30 PM

Question No: 19

MultipleChoice

''Annuity certain'' is

Options

AWhen one amount is fixed for 5 years and another amount is paid for rest of the life span

BDesigned to pay for an indefinite time period

CDesigned to pay for a fixed time period

DNone of the above

Question No: 20

MultipleChoice

A borrower defaults on a secured loan of Rs. 50,000. The underlying security is worth Rs. 60,000. Which of the following is true? "

Options

A'Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower.'

BBank cannot sell the underlying security because its value is higher than loan.

C'Bank can retain the entire Rs. 60,000'

D'The excess of Rs. 10,000 has to be shared equally between the bank and the borrower.'

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