Free Access AAFM.GLO_CWM_LVL_1.v2021-10-25.q359 Practice Test (Page 10)

Question 41

In India, the interest rate of a floating rate security is linked to ___________.

A.CIROB

B.Repo rate

C.Reverse Repo Rate

D.MIBOR

Question 42

An administrator is appointed if there is no nominated:

A.Beneficiary

B.Testator

C.Executor

D.Donor of power of Attorney

Question 43

What is the surrender value, if the sum assured is Rs. 100,000/-, DOC is 01/01/1997, endowment with profit
25 years, due date of last premium paid 01/01/2010. Premium to be paid semi-annually. Accrued bonus is 500 per thousand of SA. Surrender value factor is 19% ?

A.15010

B.12825

C.23750

D.21565

Question 44

What is the effective rate of interest for 10% compounded monthly, quarterly, semi-annually?

A.10.47%, 10.38%, 10.25%

B.10.47%, 10.36%, 10.25%

C.10.45%, 10.40%, 10.23%

D.10.42%, 10.38%,10.25%

Question 45

_______ is an unconditional written order to pay money.

A.Bill of Exchange

B.Cheque

C.None of the above

D.Both of the above

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Question 41

Question 42

Question 43

Question 44

Question 45

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