GLO_CWM_LVL_1 Practice Test Questions

1031 Questions


Topic 2: Exam Pool B

Which is/are marketable financial products?


A. Bank Deposits


B. KisanVikasPatra


C. Certificate of Deposits


D. None of the above





C.
  Certificate of Deposits

Whom should an individual apply intending to be appointed as director of a company?


A. Registrar of companies


B. Company law board


C. Central government


D. Board of directors of company





C.
  Central government

The risk measure used for calculating Treynor Index is:


A. Alpha


B. Variance


C. Beta


D. Standard Deviation





C.
  Beta

A company is eligible to issue Commercial Paper when its tangible net worth is not less than:


A. 3.75 Crores


B. 4.5 Crores


C. 4 Crores


D. 3 Crores





C.
  4 Crores

KYC norms are applicable in following cases


A. All new account


B. All new accounts and old accounts with high value transactions


C. All cash transactions


D. All accounts





D.
  All accounts

In ULIP plans, the returns are dependent on in which the investments are done by the insurance company


A. Shares


B. Fixed Deposit


C. Foreign exchange rates


D. None of the above





A.
  Shares

Income which accrue or arise outside India from a business controlled from India is taxable in case of:


A. Resident only


B. Not ordinarily resident only


C. Both ordinarily resident and not ordinarily resident


D. Non resident





C.
  Both ordinarily resident and not ordinarily resident

A budget deficit leads to a shortfall in domestic savings relative to investment because


A. saving falls because the interest rate falls


B. savers buy government bonds instead of private bonds


C. saving falls because of concern about the size of the deficit


D. investment falls because of concern about the size of the deficit





B.
  savers buy government bonds instead of private bonds

A will that can only be made by a soldiers in actual warfare, or airmmen or mariners at sea is known as:


A. Mutual Will


B. Contingent Will


C. Privileged Will


D. Concurrent Will





C.
  Privileged Will

Indian Economy has become increasingly integrated with overseas economies because of________


A. Deregulation


B. Tariff reduction


C. Partial floating of Indian Rupee


D. All of the above





B.
  Tariff reduction

Income received in India in previous year is taxable in the hands of:


A. Resident;


B. Not-resident;


C. Non ordinarily resident;


D. All above.





D.
  All above.

Gilt schemes are a type of


A. Equity schemes


B. Balanced Funds


C. Monthly Income Plans


D. Debt Schemes





D.
  Debt Schemes


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