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Free GLO_CWM_LVL_1 Exam Braindumps (page: 50)

Page 49 of 266
PDF with 1057 Questions

Hybrid deposit is a type of

  1. Demand Deposit
  2. Term Deposit
  3. Mutual Fund
  4. None of the above

Answer(s): B



Indicate whether the following statement is True or False. Money launderers often use professional intermediaries to layer their illegal funds. These professional intermediaries include lawyers, company formation agents, accountants and other professionals working in non-financial institutions. A banker is not generally regarded as a professional intermediary because he works in a financial institution.

  1. TRUE
  2. FALSE

Answer(s): B



At the beginning of 2006 you have invested Rs 2000 in 40 Shares of ABC Ltd. During the year you received dividends @ 7 per share. At the end of 2006 you expect to sell share for Rs. 59. Compute return?

  1. 114.80%
  2. 32%
  3. 1.32%
  4. 14.89%

Answer(s): B



A false statement (wrong representation) which is made willfully with an intention to deceive the other party is called:

  1. Innocent Misrespresentation
  2. Fraud
  3. Fraudulent Misrespresentation
  4. Misrepresentation

Answer(s): D






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