Free Access AAFM.GLO_CWM_LVL_1.v2022-03-02.q349 Practice Test (Page 70)

Question 341

For a "single income family" priority is on

A.Investing in Mutual Funds to grow wealth

B.None of the above

C.Investing in commodities to grow wealth

D.Protecting income via a term plan

Question 342

Which one of the following is/are correct?

A.Both are correct

B.Both are incorrect

C.(ii) only

D.(i) only

Question 343

Sponsor of a Mutual Fund is like a promoter of a company

A.TRUE

B.FALSE

Question 344

Which one of the following Sections of the Transfer of Property Act defines "Transfer of Property"?

A.Section4

B.Section 6

C.Section3

D.Section 5

Question 345

Scholarship received by a student was Rs. 2,000 per month. He spends Rs. 15,000 for meeting the cost of education during the year. The treatment for the balance amount Rs. 9,000 is:

A.Taxable

B.None of the above

C.Exempt

D.A casual income

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