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GLO_CWM_LVL_1 Exam Dumps - Chartered Wealth Manager (CWM) Global Examination

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Question # 113

Compulsory maintenance of account is required u/s 44AA of IT, if the gross receipt/ total sales exceed _______

A.

Rs. 5,00,000

B.

Rs 10,00,000

C.

Rs 15,00,000

D.

Rs 40,00,000

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Question # 114

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? "

A.

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

B.

Bank 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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Question # 115

Find Beta of security X if expected market premium is 15%, risk free return is 7% and expected return of security X is 20%?

A.

0.834

B.

0.9

C.

0.7

D.

0.867

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Question # 116

Under Motor Vehicles Insurance, liability only policy covers property damage up to Rs. _________, in case of private cars & commercial vehicles, and Rs. ________, in case of two wheelers, although Motor Vehicle Act requires a cover of only Rs. ________.

A.

Rs. 10,00,000 Rs. 5,00,000 Rs. 6,00,000

B.

Rs. 7,50,000 Rs. 1,00,000 Rs. 6,000

C.

Rs. 5,00,000 Rs. 2,00,000 Rs. 60,000

D.

Rs. 4,00,000 Rs. 3,00,000 Rs. 60,000

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Question # 117

The main purpose of the guaranteed insurability rider benefit is to give the policyholder the right to

A.

Cancel a health-based exclusion after a symptom-free period

B.

Include his parents under the policy

C.

Increase cover when a key life event occurs

D.

Maintain cover despite a fall in investment value

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Question # 118

Find out the effective quarterly rate for 18% per annum compounded half yearly.

A.

4.403% per Quarter

B.

4.50% per Quarter

C.

9.00% per Quarter

D.

4.44% per Quarter

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Question # 119

Ranbir deposits Rs. 80000 as a lump sum amount in a immediate annuity. He will receive annuity on a monthly basis for next one year. Determine the monthly amount he is entitled to receive. The rate of interest is 15%

A.

Rs 7221

B.

Rs 7122

C.

Rs 7321

D.

Rs 7425

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Question # 120

Mr. Vivek Kalra deposits Rs.11,00,000 today in an investment that would pay after 6 years Rs. 1,00,000 per year for 5 years and Rs. 1,50,000 for the next 5 years. What would be the balance in the account after the last payment is made if the ROI is 18% per annum compounded annually.?

A.

2969509

B.

6078097

C.

12832083

D.

11283083

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