Free Access AAFM.CWM_LEVEL_2.v2022-02-14.q164 Practice Test (Page 11)

Question 46

Section A (1 Mark)
Which of the following statements regarding debit and credit card liability is correct?

A.A credit card carries more risk of loss to the cardholder.

B.The Government insures losses on credit but not debit cards.

C.A debit card carries more risk of loss to the cardholder.

D.There is no cardholder liability if either type of card is lost.

Question 47

Section B (2 Mark)
Which of the following statements concerning index funds and actively managed funds is true?

A.They tend to have an inverse relationship.

B.Their performance is about equal.

C.Index funds tend to outperform actively managed funds.

D.Actively managed funds tend to outperform index funds.

Question 48

Section A (1 Mark)
Financial goals must be SMART. SMART stands for _________________

A.Specific, Measurable, Attainable, Realistic, Time bound

B.Specific, Measurable, Attainable, Rewarding, Time bound

C.Seek, Measure, Attainable, Realistic, Time bound

D.Seek, Monitor, Attainable, Realistic, Time bound

Question 49

Section B (2 Mark)
Manav invests Rs. 500/- every 6 months towards a fund to pay for his children education. If the investment pays ROI @ 9 % per annum, compounded Semi Annually, then what will be the corpus after 10 years ?

A.17563.23

B.15,685.71

C.23098.76

D.11234.98

Question 50

Section A (1 Mark)
DINK stands for _______

A.Direct in kind funding

B.None of the above

C.Deep interest no kids

D.Double income no kids

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Question 46

Question 47

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Question 49

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