2021 Realistic ITexamReview GLO_CWM_LVL_1 Dumps PDF - 100% Passing Guarantee
Free AAFM GLO_CWM_LVL_1 Exam Questions & Answer
AAFM GLO_CWM_LVL_1 Exam Syllabus Topics:
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NEW QUESTION 124
The current dividend on an equity share of MAGADH Limited is Rs.8.00 on earnings per share of Rs. 30.00.
Assume that the growth rate of 20 percent will decline linearly over a five year period and then stabilize at 12 percent. What is the intrinsic value of MAGADH 's share if the investors' required rate of return is 15 percent?
- A. Rs. 416/-
- B. Rs. 383/-
- C. Rs. 469/-
- D. Rs. 352/-
Answer: D
NEW QUESTION 125
Jaya is the owner of two residential houses. She sold one house on 23-12-2011 for Rs.12,50,000 which was purchased by her on 25-4-1979 for Rs.80,000. The market value of the land as on 1-4-1981 was Rs.98,000.
Expenses on transfer were 1.5% of the sale price. The entire sale proceeds was utilized to construct the first and second floor on her second house which she completed by 15-3-2010. Compute the capital gain for the assessment year 2012-13. [CII-12-13: 852,11-12: 785, 10-11:711, 83-84: 116]
- A. 0
- B. 1
- C. NIL
- D. 2
Answer: B
NEW QUESTION 126
In a life insurance contract, offer refers to
- A. Proposer's application form for insurance
- B. Original policy bond
- C. Proposer paying the first premium
- D. Company brochure duly authenticated
Answer: A
NEW QUESTION 127
Fiscal Policy controls.....
- A. Government spending
- B. None of the above
- C. Both of the above
- D. Revenue raising
Answer: C
NEW QUESTION 128
Which of the following is not true?
- A. None of these
- B. Only I and II
- C. Only II
- D. Only III
Answer: C
NEW QUESTION 129
Mr. Subhash Bansal, a marketing manager is employed with IMFB limited. He took an advance of Rs.
1,20,000 against the salary of Rs. 30,000 per month in the month of March 2007. The gross salary of Mr.
Adhikari for the assessment year 2007-08 shall be:
- A. Rs. 3,60,000
- B. Rs. 3,80,000
- C. Rs. 2,40,000
- D. Rs. 4,80,000
Answer: A
NEW QUESTION 130
PTA stands for
- A. Preferential Trading Area
- B. Payment Trade Ambit
- C. Preferential Transportation Assembly
- D. Parent Teacher Association
Answer: A
NEW QUESTION 131
GDP refers to ..............
- A. Net value of final goods and services produced in domestic economy each year
- B. None of the above
- C. Production from Pvt. and Public Sector during the year
- D. Market value of all final goods and services produced within the country during a year.
Answer: D
NEW QUESTION 132
Mr. M is an employee of Z Ltd. His basic pay is Rs.24,000 p.a., Dearness Allowance Rs.12,000 p.a; Medical Allowance (fixed) Rs.10,000 p.a.; Conveyance Allowance Rs.6,000 p.a.; Professional Tax deducted from his salary Rs.1,000 p.a.; Free lunch provided during office hours valued at Rs.12,000 for a 300-working day year; free education for two children in a school owned and maintained by the employer - school tuition fee for both the children is estimated at Rs.18,000 p.a.
What is Net Income of Mr. M and examine whether he is a specified or non-specified employee?
- A. Rs. 51,000, Specified Employee
- B. Rs. 48,000, Specified Employee
- C. Rs. 50,000, Non Specified Employee
- D. Rs. 57,000, Non Specified Employee
Answer: A
NEW QUESTION 133
A trustee commuting a breach of trust not table to pay interest except
- A. All of the above
- B. (i) & (ii)
- C. Only (ii)
- D. (ii) & (iii)
Answer: A
NEW QUESTION 134
Suppose X and Y are Father and Son respectively ,so when Y was a minor X advanced Rs 10,000 to him.
After Y becoming major X obtains a bond for Rs 20000 ,which is much larger than the original amount due from Y,by using his parental influence.The contract stands voidable because the consent is caused by:
- A. Coercion
- B. Misrepresentation
- C. Duress
- D. Constructive Fraud
Answer: D
NEW QUESTION 135
Creation of an Estate Plan normally occurs during __________
- A. None of the above
- B. Sunset stage
- C. Conservation Stage
- D. Distribution stage
Answer: D
NEW QUESTION 136
Which principle apply to life insurance contracts?
- A. None of the above
- B. Doctrine of subrogation
- C. Doctrine of contribution
- D. Principal of Indemnity
Answer: A
NEW QUESTION 137
Which of the following can be a scheduled bank?
- A. Co-operative Banks
- B. Public Sector Banks
- C. All of the above
- D. Private Sector Banks
Answer: C
NEW QUESTION 138
Disclaimers and assumptions are a part of
- A. Data gathering
- B. None of the above
- C. Wealth Plan
- D. Research Notes
Answer: C
NEW QUESTION 139
Mr.Tiwari is the sole income earner in the family. Mrs. Tiwari is a homemaker. They are aged 40 and 36 respectively. Life expectancy for both of them is another 40 years. They have no children. Other information you have is:
Current investment portfolio Rs. 20 lakh, Estimated final expenses - Rs. 1 lakh, present annual expenses- Rs 4 lakhs (including 1 lakh MrTiwari's personal expenses), Mr. Tiwari's post tax income in hand is Rs 3.5 lakhs.
Assume a post tax; and post inflation rate, the discounting factor is 4%. Calculate the insurance requirement under the Needs Based Method.
- A. 43.00 lakhs
- B. 19.60 lakhs
- C. 16.60 lakhs
- D. 18.60 lakhs
Answer: A
NEW QUESTION 140
A situation in which an owner of more than 50% of voting shares can elect the entire board of directors is known as
- A. Cumulative voting
- B. Distributed voting
- C. Straight voting
- D. Discretionary voting
Answer: C
NEW QUESTION 141
Which of the following is a secondary identifier _______.
- A. None of the above
- B. Date of Birth
- C. Both of the above
- D. Nationality
Answer: D
NEW QUESTION 142
Comprehensive Wealth Management addresses
- A. Investment Planning
- B. All of the above
- C. Estate Planning
- D. Life Planning
Answer: B
NEW QUESTION 143
Stock A & B are positively correlated with a correlation co efficient of .75. When stock A moves up by 12%, how will stock B perform?
- A. Stock B will move up by 12%
- B. Stock B will move up by 9%
- C. Stock B will move down by 9%
- D. Stock B will move down by 12%
Answer: B
NEW QUESTION 144
A property has 120 rooms and each room has a monthly rent of Rs.750. The occupancy rate throughout the year is 80% and maintenance expenses per year works out to be Rs.3,00,000. Capitalization rate is 12%.
Calculate the value of the property?
- A. Rs.44 lacs
- B. Rs.46 lacs
- C. Rs.47 lacs
- D. Rs.45 lacs
Answer: C
NEW QUESTION 145
A trust is extinguished if
- A. Any one of the above
- B. Fulfillment of its purpose her become impossible
- C. In purpose is completely fulfilled
- D. All the beneficiaries who all competent to contract have given their consent for revocation of the trust
Answer: A
NEW QUESTION 146
Urban land means land situated in area not being more than ..................from local list of local authority as notification in official Gazette
- A. 5 km
- B. 10 km
- C. 8 km
- D. 20 km
Answer: C
NEW QUESTION 147
Intrinsic value of a stock is
- A. As justified by assets, earning & dividends
- B. As reflected in share price
- C. As reflected by P/E
- D. As reflected by book value
Answer: A
NEW QUESTION 148
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