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Free GLO_CWM_LVL_1 Exam Questions - Easiest Way for Success

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Total 1060 Questions | Updated On: Sep 12, 2024
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Question 1

Joint account with a resident is permitted in case of 

Answer: A
Question 2

Saurabh contributes Rs. 10,000 every year starting from the end of the 5th year from today till the end of 12th year in the account that gives a ROI of 7.75% p.a. compounded half yearly. Calculate the Present Value of his contribution today. 

Answer: C
Question 3

"When a customer opts for a safe deposit locker, the bank becomes a _______." 

Answer: D
Question 4

Which of the following is not one of the assumptions of the CMT?

Answer: C
Question 5

Mr. Kumar is a 40 year old NRI working abroad for past 5years. He invests Rs. 50, 000/- p.a. for past 5 years and wants to continue until his return to India. He plans to return to India after 10 years from now and enjoy his life back home. Inflation is expected to be 4% for next 30 years and his investment earns 6% interest. His expected life expectancy is 70 years. What would be his corpus at the time of return to India, and what amount he can with draw per month for his household expenses? 

Answer: B
Page:    1 / 212      
Total 1060 Questions | Updated On: Sep 12, 2024
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