Free AAFM GLO_CWM_LVL_1 Exam Questions

Mr. Kumar is a 40 year old NRI working abroad for past 5years. He invests Rs. 50, 000/- p.a. for past 5 years and wants to continue until his return to India. He plans to return to India after 10 years from now and enjoy his life back home. Inflation is expected to be 4% for next 30 years and his investment earns 6% interest. His expected life expectancy is 70 years. What would be his corpus at the time of return to India, and what amount he can with draw per month for his household expenses? 

Rapid accumulation stage suggests that the net worth is ________

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

The credit balance in Non resident (external) account is exempt from wealth tax provided depositor is a person

Fine in case of cheque bouncing can go up to _________.