Free Access AAFM.GLO_CWM_LVL_1.v2022-03-02.q349 Practice Test (Page 43)

Question 206

A ..................... mortgage is a mortgage which does not fully amortize over the term of the note thus leaving a balance due at .................

A.Balloon payment, maturity

B.Simple, transfer

C.Reverse, Maturity

D.Equitable, maturity

Question 207

Which of the following is/are the different kinds of amortization?

A.I & II

B.All of the above

C.Only I

D.I & III

Question 208

An HUF consisted of a father who is a widower his three sons and a daughter upon death of the father, what will be the share of his daughter?

A.One sixteenth share in HUF property

B.One fourth of HUF property

C.No share in HUF property

D.One half of HUF property

Question 209

_______________ and _______________ mandates are two kinds of service level contracts

A.None of the above

B.Advisory, Managed

C.Discretionary, Managed

D.Advisory, Discretionary

Question 210

What is burn Arbun?

A.Loan of a particular piece of property

B.Deposits in trust

C.Down payment

D.Credit sale

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