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Free AAFM India CWM_LEVEL_1 Exam Questions (page: 4)

Page 4 of 35
PDF with 197 Questions

While granting a bank license, RBI considers all of the following, except ______________.

  1. Ability to pay depositors
  2. Price of equity share of company
  3. Character of proposed management
  4. Whether public interest will be served by grant of license to the company

Answer(s): C



Which of the following is not generally accepted as joint family property?

  1. Separate property of Members
  2. Property allotted on partition
  3. Ancestral property
  4. Property acquired by the family jointly

Answer(s): A



Vishwajeet wishes to have a lump sum Retirement Fund of Rs. 25,00,000/- in 30 years time. Assuming that he can get 12% returns per annum, compounded annually, what amount he should save every year to reach his target?

  1. Rs. 11,254.24
  2. Rs. 15,432.12
  3. Rs. 10,359.14
  4. Rs. 9,845.47

Answer(s): D



Shweta joins a private limited company covered under the PF Act. The employer contributes for all employees up to the specified salary limit. Her monthly salary consists of Rs. 18,000 as basic, Rs. 5,000 as DA and 10% of the basic as HRA What would be the deduction from her monthly salary towards the statutory PF benefits?

  1. Rs. 780
  2. Rs. 1,200
  3. Rs. 1,800
  4. Rs. 1920

Answer(s): A



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