Free AAFM India CWM_LEVEL_1 Exam Questions (page: 5)

As per rule 69 of doubling, what is the doubling period if rate of interest is 9%?

  1. 8.5 years
  2. 8 years
  3. 8.4 years
  4. 8.1 years

Answer(s): B



Which of the following is / are demand liabilities?

  1. Cash Certificates
  2. Gold deposits
  3. Current deposits
  4. All of the above

Answer(s): C



What will be the taxable amount if tea and snacks are provided in the office after office hours?

  1. Nil
  2. Nil, if it is up to Rs. 50 per meal
  3. Actual amount spent by the employer
  4. Nil, if it is up to Rs. 75 per meal

Answer(s): B



“At the money” option will generate

  1. Positive cash flows
  2. Zero cash flow
  3. Negative cash flows
  4. None of the above

Answer(s): A



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