GLO_CWM_LVL_1 Practice Test Questions

1031 Questions


Topic 1: Exam Pool A

Which of the following is controlled under monetary policy?


A. Interest Rates


B. Money Supply


C. Inflation


D. All of the above





C.
  Inflation

_______________ and _______________ mandates are two kinds of service level contracts


A. Advisory, Discretionary


B. Discretionary, Managed


C. Advisory, Managed


D. None of the above





A.
  Advisory, Discretionary

Technical Analysis involves


A. Measuring the intrinsic value


B. Analyzing the macroeconomic indicators


C. Analyzing the industry that stock falls in


D. None of the above





D.
  None of the above

Which of the following is/are the challenges of Private Banking?


A. I, II and III


B. I,III and IV


C. I, II and IV


D. All of Them





D.
  All of Them

Deduction under section 80QQB is allowed to an author of a book of literary or artistic or scientific nature who is resident in India to the extent of:


A. 100% of royalty income or Rs. 5,00,000 whichever is less


B. 100% of royalty income or Rs. 3,00,000 whichever is less


C. 50% of royalty income or Rs. 5,00,000 whichever is less


D. 50% of royalty income or Rs. 3,00,000 whichever is less





B.
  100% of royalty income or Rs. 3,00,000 whichever is less

Mr. Syelwester Andrews,a Resident Indian, has income derived from rubber plantation in Malaysia.It shall be treated as:


A. Agricultural income and hence exempt


B. Agricultural income but taxable under the head Income from Other Sources


C. Exempt as earned outside India


D. Taxable in Malaysia





B.
  Agricultural income but taxable under the head Income from Other Sources

The gap between Government’s total expenditure and its total receipts (excluding borrowing) is known as:


A. Fiscal Deficit


B. Revenue Deficit


C. Budget Deficit


D. Revenue Receipt





A.
  Fiscal Deficit

M3 growth refers to ........


A. Growth in GDP


B. Growth in inflation


C. Growth in money supply


D. Growth in demand for money





C.
  Growth in money supply

Which of the following assets not included in calculating wealth tax?


A. Commercial buildings


B. Residential


C. A farm situated 40 km far from local limits of any municipality or a cantonment Board


D. Any guest house





C.
  A farm situated 40 km far from local limits of any municipality or a cantonment Board

"Which of the following can benefit from SARFAESI, 2002?"


A. Banks


B. Financial Institutions


C. Both of the above


D. None of the above





C.
   Both of the above

Mutual funds in India are required by SEBI to


A. prohibit their employees from personal trading in secondary markets


B. allow all employees to trade freely in secondary markets without restrictions


C. establish a code of conduct and allow employees to do personal trading that conforms to SEBI guidelines


D. allow employees to carry on personal trading as long as they abide by SEBI regulations





C.
  establish a code of conduct and allow employees to do personal trading that conforms to SEBI guidelines

Compute Geometric mean return for an investment with the following per period return – 8.9%, 10%, 7.7%, 13%?


A. 7.75%


B. 8.59%


C. 9.88%


D. 9.50%





C.
  9.88%


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