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AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Dumps in PDF

Free AAFM GLO_CWM_LVL_1 Real Questions (page: 34)

Page 34 of 213 GLO_CWM_LVL_1 PDF — 1057 Questions

QUESTION: 166 Exam Topic: 1, Exam Pool A

What is the prudent practice for parking emergency fund for a working young couple?

12 month's family income
1 month's family income
2-3 months family income
None of the above

Answer(s): C

Reveal Solution Next Question

QUESTION: 167 Exam Topic: 1, Exam Pool A

The assessed is charged to income-tax in the assessment year following the previous year:

A non-resident business firm which shipped goods on 1.5.210 at Visakhapatnam Port in Andhra Pradesh
An employee left India to USA on 1.8.2010 with no intention of returning
ABC firm which discontinued its business on 1.9.2010
An employee-assessed of a University who worked during 1.4.09 to 30.03.2010

Answer(s): D

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QUESTION: 168 Exam Topic: 1, Exam Pool A

"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? "

"Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower."
Bank cannot sell the underlying security because its value is higher than loan.
"Bank can retain the entire Rs. 60,000"
"The excess of Rs. 10,000 has to be shared equally between the bank and the borrower."

Answer(s): A

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QUESTION: 169 Exam Topic: 1, Exam Pool A

Which of the following can be a scheduled bank?

Public Sector Banks
Private Sector Banks
Co-operative Banks
All of the above

Answer(s): D

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QUESTION: 170 Exam Topic: 1, Exam Pool A

Which of the following is not the non- formal sources of law?

Custom
Equity
Precedents
Standards of Justice

Answer(s): C

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