[Mar 25, 2022] GLO_CWM_LVL_1 Exam Dumps, GLO_CWM_LVL_1 Practice Test Questions
Free GLO_CWM_LVL_1 Study Guides Exam Questions and Answer
NEW QUESTION 500
Which Provisions of the Transfer of Property Act defines 'lease' ?
- A. Section 106
- B. Section 105
- C. Section 108
- D. Section 107
Answer: B
NEW QUESTION 501
Calculate premium payable for term insurance policy of Rs. 10 lacs, for a group of 278 people of 39 years of age. The Mortality Table shows that in this age group 2,681 people die every year in a group of 12,50,000.
- A. Rs. 592100.50
- B. Rs. 784250.60
- C. Rs. 485005.75
- D. Rs. 596254.40
Answer: D
NEW QUESTION 502
Which one of the following is/are correct?
- A. (i) only
- B. All are incorrect
- C. (i), (ii) (iii)
- D. (i), (ii)
Answer: A
NEW QUESTION 503
There are two parties to Power of Attorney, namely, Donor and Donee.
- A. Both (i) & (ii) are correct
- B. Both (i) & (ii) are incorrect
- C. Only ii is correct
- D. Only i is correct
Answer: A
NEW QUESTION 504
If an employee is concerned about the portability of a plan, he should go in for
- A. Defined contribution plan
- B. None of the above
- C. Defined Benefit plan
- D. Both the plans
Answer: A
NEW QUESTION 505
Tushar owns a piece of land situated in Patna (Date of acquisition: March 1, 1983, Cost of acquisition Rs.
20,000/- value adopted by Stamp duty authority at the time of purchase Rs. 45,000/-) On March 30, 2012 the piece of land is transferred for 4 lakh. Find out the capital gains chargeable to tax if the value adopted by the Stamp duty authority is 5.60 lakh. And X does not challenges it under the Stamp Act. However, he claims before the Assessing Officer that Rs. 5.60 lakh is more than the fair market value of the land. The assessing Officer refers it to the valuation Officer who determines Rs. 6.10 lakh as fair market value. [CII-12-13:
852,11-12: 785,10-11:711]
- A. Rs. 4,05,963/-
- B. Rs. 3,80,963/-
- C. Rs. 3,45,963/-
- D. Rs. 4,15,963/-
Answer: D
NEW QUESTION 506
An employee joined in the year 2000 in a sugar mill. After working all the years as a seasonal employee up to the year 2011. He retires with the following monthly salary Basic Salary 2000 / DA 1000/ HRA 500. How much gratuity is payable to him?
- A. Rs 8885
- B. Rs 9692
- C. Rs 11308
- D. Rs 20769
Answer: A
NEW QUESTION 507
Which of the following statement is true?
- A. The Jensen index compares actual performance to the risk-adjusted required performance.
- B. The Sharpe index standardizes performance by the portfolio's beta.
- C. The Treynor index assumes that portfolios are not well diversified.
- D. Option A and B
Answer: A
NEW QUESTION 508
Under the efficient market hypothesis, which of the following term best describes the movement of stock prices?
- A. Random.
- B. Diverse.
- C. Statistical.
- D. Predictable.
Answer: A
NEW QUESTION 509
"To be sure to receive same day credit on a Saturday, NEFT instruction has to be given by _______."
- A. 12 Noon
- B. 11:30 AM
- C. 11:00 AM
- D. 12:30 PM
Answer: A
NEW QUESTION 510
Consider the following information for three stocks, Stock A, Stock B, and Stock C.
The returns on each of the three stocks are positively correlated, but they are not perfectly correlated.
Portfolio X has half of its funds invested in Stock A and half invested in Stock B.
Portfolio Y has invested its funds equally in each of the three stocks. The risk-free rate is 5%, and the market is in equilibrium.
Which of the following statements is/are correct?
- A. I,II and III
- B. Only IV
- C. Only II
- D. II and III
Answer: C
NEW QUESTION 511
What amount needs to be deposited today in an account that would pay Rs. 1,10,000 per year for the first 10 years and Rs. 2,25,000 for the next 5 years. If the ROI for the first 10 years if 10.75 % p.a. compounded annually and 13% p.a. compounded quarterly for the balance period.?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 512
You are given the following set of data:
Historical Rate of Return
Determine the arithmetic average rates of return and standard deviation of returns of the NSE over the period given.
- A. 12.10%, 22.62%
- B. 15.63%, 27.63%
- C. 14.25%, 23.75%
- D. 16.74%, 29.74%
Answer: A
NEW QUESTION 513
Financial markets have the basic function of
- A. bringing together people with funds to lend and people who want to borrow funds.
- B. assuring that governments need never resort to printing money.
- C. both (A) and (B) of the above.
- D. assuring that the swings in the business cycle are less pronounced.
Answer: A
NEW QUESTION 514
A zero coupon bond of Rs 10,000 has a term to maturity of seven years and a market yield of 9 percent at the time of issue. What is the issue price? What is the duration of the bond? What is the modified duration of the bond?
- A. Rs. 5470/-, 7 years, 6.422
- B. Rs. 6380/- 6 years, 7.368
- C. Rs. 6380/-, 6 years, 6.897
- D. Rs. 5470/-, 7 years, 5.364
Answer: A
NEW QUESTION 515
How many members are required to form a society?
- A. One single person
- B. Seven or more
- C. Two or more
- D. Five or more persons
Answer: B
NEW QUESTION 516
Which of the is/are not the risk management technique in the old paradigm of Life Cycle Finance?
- A. II and IV
- B. III and IV
- C. Only IV
- D. Only II
Answer: A
NEW QUESTION 517
In PPF the term/duration of the account is 15 years from :
- A. The 12 months of deposit the first installment
- B. The 30 days of deposit the first installment
- C. The end of financial year in which the account is opened.
- D. The date of deposit the first installment
Answer: C
NEW QUESTION 518
What is the exemption criteria U/S 10(10) (ii) of the IT Act, 1961 for any gratuity received by a seasonal employee?
- A. Exemption limit is least of three:
(i) 15 day's wages based on last drawn salary for every completed year
(ii) Rs. 3,50,000/-,
(iii) Actual gratuity received - B. Exemption limit is least of there:
(i) 7 day's wages (calculated as 26 working days in a month) based on last drawn salary for every number of seasons worked, (ii) Rs. 3,50,000/-, (iii) Actual gratuity received - C. Exemption limit is least of three:
(i) 15 day's wages based on last drawn salary for every completed year
(ii) Rs. 4,00,000/-,
(iii) Actual gratuity received - D. Exemption limit is least of three:
(i) 7 day's wages based on last drawn salary for every number of seasons worked, (ii) Rs. 3,00,000/-, (iii) Actual gratuity received
Answer: B
NEW QUESTION 519
The operatives Guidelines for Banks on Mobile Transactions in India were issued
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 520
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