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AAFM
Chartered Wealth Manager
GLO_CWM_LVL_1 Free Questions
AAFM GLO_CWM_LVL_1 Quiz:6 Topic:6 Questions:26-30

Home
AAFM
Chartered Wealth Manager
GLO_CWM_LVL_1 Free Questions
AAFM GLO_CWM_LVL_1 Quiz:6 Topic:6 Questions:26-30

AAFM GLO_CWM_LVL_1 Quiz:6 Topic:6 Questions:26-30

Free Practice Mock Questions Set 26-30 (Quiz # 6) for AAFM GLO_CWM_LVL_1 Exam, according to official AAFM Chartered Wealth Manager (CWM) Global Examination exam syllabus topic # 6

Question: 1

A ''Family Office'' segment client has investible assets worth of

A$20,000,000

B$50,000,000

C$75,000,000

D$100,000,000

Answer : D

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Question: 2

A ''Mass Affluent'' segment client has investible assets worth of

A$50,000

B$100,000

C$200,000

DNone of the above

Answer : B

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Question: 3

"A borrower defaults on a secured loan of Rs. 50,000. The underlying security is worth Rs. 60,000. Which of the following is true? "

A'Bank can retain Rs. 50,000. Balance Rs. 10,000 has to be paid to the borrower.'

BBank cannot sell the underlying security because its value is higher than loan.

C'Bank can retain the entire Rs. 60,000'

D'The excess of Rs. 10,000 has to be shared equally between the bank and the borrower.'

Answer : A

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Question: 4

''Accumulation'' is the age between ________

A0-25

B25-55

C55-75

D75 or above

Answer : B

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Question: 5

What is 'Mudharabah'

ASale

BIslamic loan transactions

CExchange contracts

DProfit sharing

Answer : D

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