Practice GLO_CWM_LVL_1 Exam Online

Question 1

Diversification is most effective when the returns on securities are:

A : Positively correlated.

B : Zero correlated.

C : Negatively correlated.

D : High correlation

Answer: C

Question 2

Which of the following is not a part of scheduled banking structure in India?

A : Money Lenders

B : Public Sector Banks

C : Private Sector Banks

D : Regional Rural Banks

Answer: A

Question 3

Mr. Kumar is a 40 year old NRI working abroad for past 5years. He invests Rs. 50, 000/- p.a. for past 5 years and wants to continue until his return to India. He plans to return to India after 10 years from now and enjoy his life back home. Inflation is expected to be 4% for next 30 years and his investment earns 6% interest. His expected life expectancy is 70 years. What would be his corpus at the time of return to India, and what amount he can with draw per month for his household expenses?

A : Rs. 12,14,279/- and Rs. 6,358

B : Rs. 11,63,798/- and Rs. 5,845

C : Rs. 13,12,008/- and Rs. 7,008

D : Rs. 12,14,279/- and Rs. 9,554

Answer: B

Question 4

Premium under endowment plans equals

A : risk premium+ savings element +expenses

B : risk premium +expenses

C : risk premium +saving element

D : none of these

Answer: A

Question 5

Interest rate charged are higher in ……………

A : Prime mortgage

B : Sub prime mortgage

C : Simple mortgage

D : None of the above

Answer: B

Name:	Chartered Wealth Manager (CWM) Global
Exam Code:	GLO_CWM_LVL_1
Certification:	Chartered Wealth Manager
Vendor:	AAFM
Total Questions:	1060
Last Updated:	Apr 22, 2024

AAFM GLO_CWM_LVL_1