CPFA : Certified Public Finance Administrator Exam

CPFA Dumps
CPFA Braindumps
CPFA Real Questions
CPFA Practice Test
CPFA Actual Questions


APTUSC
CPFA
Certified Public Finance Administrator
https://killexams.com/pass4sure/exam-detail/CPFA
Question: 108
Employees Pension Scheme, 1995 (EPS) defines "past service" as ________.
A. Service rendered by the employee upto the date of exit from service
B. Service rendered by the employee upto the EPS came into force
C. Service rendered by the employee with an earlier employer
D. Service rendered by the employee from the date of joining Employees Family
Pension Fund till the EPS came into force
Answer: D
Question: 109
Rohini, aged 20 years debates that Retirement Planning is required for Males as
well as for those who are above 45 years, she says that she is young, she wants to
enjoy life and after marriage her spouse will take care of her retirement. As a
Financial Planner address her and provide an appropriate advice
A. Her views are untenable, since Retirement Planning has to be undertaken as
early as possible
B. Her views are tenable
C. No comments, since a Certified Financial Planner never debates
D. None of the above
Answer: A
Question: 110
Ms. Kolaveri is a Self Employed Professional conducting her own coaching
classes "M/s Raaga Classes" wants to open a PPF A/c (Public Provident Fund)
with State Bank of India. As a Financial Planner advise her with regard to the
same and do factor in the provisions of Sec 80-C of the Income TaxAct, 1961.
(assume that this question is asked by her in December 2011)
A. Minimum deposit at any time in a year Rs. 500 and Maximum Rs. 70,000
B. Minimum deposit at any time in a year Rs. 500 and Maximum Rs. 1,00,000
C. Minimum deposit at any time in a year Rs. 5000 and Maximum Rs. 1,00,000
D. Minimum deposit at any time in a year Rs. 100 and Maximum Rs. 1,00,000
Answer: B
Question: 111
Mr. Anthony Gonzalvis is working with SEBI wants to open a PPF A/c (Public
Provident Fund) with State Bank of India, but is concerned about the provisions
of "The Income Tax Act, 1961" with regard to its Contribution, Accumulation and
Withdrawal. As a Financial Planner address her concern and provide an
appropriate advise with reference to I.T Act, 1961.
Taxable, Exempt, Exempt, (TEE)
A. Exempt, Taxable, Exempt (ETE)
B. Exempt, Exempt, Taxable (EET)
C. Exempt, Exempt, Exempt (EEE)
Answer: D
Question: 112
"Defined Benefit Plans" are the following. 1. Gratuity 2. Employees Pension
Scheme 3. Leave Encashment 4. VRS 5. Provident Fund 6. Annuity Plans
available in the market
A. All are true except 6
B. Only 1,2 & 3 are true
C. Only 1,2, 3 & 4 are true
D. Only 1,2, & 5 are true
Answer: C
Question: 113
Mr. Ramalinga Raju joins a private limited company covered under the PF Act.
The employer contributes for all the employees only up to the specified salary
limit. His monthly salary consists of Rs.10,000 as basic, Rs.5,000 as DA and 10%
of the basic as HRA, calculate the EPS contribution
A. Rs. 1250
B. Rs. 541
C. Rs. 833
D. Rs. 1241
Answer: C
Question: 114
"Defined Contribution Plans" are the following: 1. Annuity Plan available in the
market 2. New Pension Scheme, 2004 3. Provident Fund 4. Gratuity as per
Payment of Gratuity Act,1972 5. Gratuity not as per Payment of Gratuity
Act,1972
A. Only 1 & 2 are true
B. Only 1,2 & 3 are true
C. Only 1,2, & 5 are true
D. Only 1,2, 3 & 5 are true
Answer: B
Question: 115
If a person receives gratuity and commuted pension then _________ of the
commuted amount of pension is tax free
A. One third
B. Half
C. Full
D. One fourth
Answer: A
Question: 116
Which one of the following is a method of estimating retirement income?
A. Weighted average method
B. Completed cost method
C. Proportion method
D. Replacement of income method
Answer: D
Question: 117
A scheme providing pension benefits as per Income Tax provisions is called:
A. Superannuation Scheme
B. Retirement Scheme
C. Retirement Income Scheme
D. Pension Scheme
Answer: A

User: Rayna***** I found the quick and concise answers provided by Killexams.com to be extremely helpful in my exam preparation. With the aid of their Questions and Answers guide, I was able to answer 75 out of 80 questions within the allotted time and earned a score of 80%. My goal is to become a Certified CPFA, and Killexams.com helped me get closer to achieving it by providing their guide just two weeks before the exam.

User: Ruza***** I passed both the cpfa exams on my first attempt with 80% and 73% scores, respectively. I am grateful for the question bank provided by Killexams.com, which helped me a lot. If I did not understand anything, the papers with answers were extremely useful. Thank you to Killexams.com for providing me with such useful resources.

User: Tatyanna***** A colleague recommended Killexams.com questions and answers to me, and I was not disappointed. She had passed her exam using their exam materials, and I achieved a score of 88% using them. The material was top-notch, and the process of enrolling for the exam was straightforward. Though the exam was challenging, their answers and elements to the questions helped me attempt the indirect questions. Thanks Killexams Team.

User: Bautista***** I was skeptical about my ability to pass the CPFA exam until I received the exam questions from Killexams.com. It gave me the confidence to take on the exam and pass it. While it is easy for other people to be seen and heard, passing the CPFA exam as a student is an excellent way to gain attention. Killexams.com has played a significant role in making this happen for me, and I am forever grateful.

User: Maryana***** Preparing for the CPFA exam was challenging because it required expertise in a particular department. I needed an e-book that could provide me with questions and answers, and Thats when I stumbled upon Killexams.com. Their questions and answers were solely responsible for me earning all of my credits. Thanks to Killexams.com, I was finally able to pass the CPFA exam after attempting it three times previously due to a lack of knowledge on the subject of creating a session room.

---