Online Access Free AAFM.GLO_CWM_LVL_1.v2022-01-30.q166 Practice Test (Page 26)

GLO_CWM_LVL_1 Exam Question 121

In case of a defined benefit plan where the benefit payable is based on the terminal salary, an increase in of
10% of the wages of the employees would increase the contribution to be made by the employer for the benefit by

A.Can be any of the above

B.More than 10% of the earlier level of contribution

C.10% of the earlier level of contribution

D.Less than 10% of the earlier level of contribution

GLO_CWM_LVL_1 Exam Question 122

An inverted yield curve implies that:

A.Long-term interest rates are lower than short-term interest rates.

B.Long-term interest rates are same as short-term interest rates.

C.Long-term interest rates are higher than short-term interest rates.

D.Intermediate term interest rates are higher than either short-or long-term interest rates.

GLO_CWM_LVL_1 Exam Question 123

Choose the amount of final tax liability of R for the assessment year 2007-08:

A.16014

B.17100

C.17442

D.15700

GLO_CWM_LVL_1 Exam Question 124

Financial Gerontology tries to assess client needs based on __________

A.Interconnections of financial legal and ethical issues

B.Options for financing health and long term care

C.All of the above

D.Demographics of middle aged children and their elderly parents

GLO_CWM_LVL_1 Exam Question 125

What is the minimum number of members required, to form a society under section 20 of the Societies Registration Act, 1860?

A.9

B.7

C.20

D.10

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