GLO_CWM_LVL_1 Practice Test Questions

1031 Questions


Topic 2: Exam Pool B

Which of the following is / are demand liabilities?


A. Cash Certificates


B. Gold deposits


C. Current deposits


D. All of the above





C.
  Current deposits

Conflict of interest should be discussed in ________


A. Need Analysis


B. Analysis of Financial issues


C. Terms of Engagement


D. All of the above





C.
  Terms of Engagement

For claiming exemption u/s 54G, the assessed shall acquire the new asset within:


A. 2 years from the date of transfer


B. 3 years from the date of transfer


C. one year before or 2 years after the date of transfer


D. one year before or 3 years from the date of transfer





D.
  one year before or 3 years from the date of transfer

"This is the "crowding out" theory: Increased government borrowing crowds household and business investment out of limited savings, driving up _______, but not raising total demand." Fill in the blank.


A. taxes


B. inflation


C. interest rates


D. employment





C.
  interest rates

G-Secs and corporate securities are variants of


A. Debt Market


B. Equity Market


C. Currency Market


D. Commodity Market





A.
  Debt Market

In which year can the subscriber to a PPF account take the first loan from the opening of the account?


A. Third Year


B. Fifth Year


C. Second Year


D. Sixth Year





A.
  Third Year

Speculators


A. Bet on future movements of price of asset


B. Try to reduce/ eliminate an existing risk


C. Take advantage of price differential between two markets


D. None of the above





A.
  Bet on future movements of price of asset

Which of the following is/are the different kinds of amortization?


A. Only I


B. I & III


C. I & II


D. All of the above





D.
  All of the above

Which Provisions of the Transfer of Property Act defines ’lease’ ?


A. Section 105


B. Section 106


C. Section 107


D. Section 108





A.
  Section 105

During inflationary period, nominal interest rates are ________ than real interest rates.


A. Lower


B. Equal


C. None of the all


D. Higher





D.
  Higher

Which of the following definitions of forms of Money are correct?


A. (a) and (b)


B. (b) and (c)


C. (a) (b) and (c)


D. none of the above





C.
  (a) (b) and (c)

Doctrine of subrogation applies only to


A. (i) & (ii) only


B. (iii) only


C. (i), (ii), (iii)


D. None of the above





A.
  (i) & (ii) only


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