GLO_CWM_LVL_1 exam

Bond price is inversely related to yieldsA . TRUEB . FALSEView AnswerAnswer: A

In case of resident of India, income from property situated in foreign country is taxableA . When it is received in IndiaB . When it is brought in India or notC . Whether it is received in India or notD . Not taxableView AnswerAnswer: C

The markets for funds traded in currencies other than the currency of the trading country are referred to asA . off-shore banking centres.B . international financial centres.C . the world market.D . Eurocurrency markets.View AnswerAnswer: D

Which of the following is not an essential element of a trust?A . A trusteeB . A beneficiaryC . An administratorD . A personal obligationView AnswerAnswer: C

What is a contract?A . An agreement between two or more parties which creates no obligation to do a particular thing.B . A contract is an agreement between two or more parties that does not establish an enforceable legal relationship.C . Contract consists of reciprocal promise that the law will...

Solvency ratio is usually __________ in the case of young couples as compared to senior citizensA . LowerB . HigherC . EqualD . There is no comparisonView AnswerAnswer: A

Transfer of shares in the partnership firm isA . RestrictedB . Freely transferableC . ProhibitedD . None of theseView AnswerAnswer: A

As per rule 69 of doubling, what is the doubling period if rate of interest is 9%A . 8.01 yearsB . 8 yearsC . 8.4D . 8.1View AnswerAnswer: A

Which of the following determines the exchange rate?A . Demand of foreign exchange.B . Supply of foreign exchange.C . Both A&BD . Inflation rate.View AnswerAnswer: C

Which of the following Mutual Funds was not set up within the Phase 2: 1987-1993?A . Canbank Mutual FundB . Kothari Pioneer Mutual FundC . SBI Mutual FundD . LIC Mutual FundView AnswerAnswer: B